Market Report, "South Korea Autos Report Q3 2012", Published
In our last quarterly South Korean autos report we lowered our full-year forecast to growth of 0.8% yearon- year (y-o-y) at 1.477mn units in 2011, despite expecting that the last two months of 2011 were an improvement on October for the domestic market. Our bleak economic expectations for 2012, including an uptick in unemployment related to a slowdown in exports, also prompted a downgrade of our 2012 sales growth forecast.
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