New car purchase rates among people in 20s, 30s drop to 10-yr low in 2025

New car purchase rates among people in 20s, 30s drop to 10-yr low in 2025

The respective rates of new passenger car purchases by South Koreans in their 20s and 30s fell to their lowest levels in a decade last year, industry data showed Monday. According to the data from auto industry data tracker Carisyou, new car registrations among people in their 20s totaled 61,962 in 2025, accounting for 5.6 percent of all new cars registered last year. The share of new car registrations by those in their 20s stood at 8.8 percent in 2016 but has declined steadily over the past yea

By The Korea Herald