[Korea Automotive Data Research Institute: New Car Purchase Rate Among South Koreans in Their 20s and 30s Plunged to a 10-Year Low Last Year] Data released by Carisyou, a South Korean automotive data research institute, shows that the new car purchase rate among South Koreans in their 20s and 30s will fall to its lowest level in ten years by 2025. The data shows that in 2025, 61,962 new cars will be registered by people in their 20s, accounting for 5.6% of all new car registrations that year. Since reaching 8.8% in 2016, the new car registration rate among people in their 20s has declined year after year, hitting a 10-year low in 2025. Last year, 209,749 new cars were registered by people in their 30s, accounting for 19% of the total. This proportion has decreased by 6.9 percentage points over the past decade, also reaching a 10-year low.
