South Korea ranked seventh in the world in terms of domestic vehicle output last year. Country’s domestic car production fell to 4.13 million units in 2024 from 4.24 million a year ago. China, the United States, Japan and India were the top four car manufacturing countries last year, with 31.28 million units, 10.56 million, 8.23 million and 6.01 million, respectively. The world’s overall vehicle production fell 0.5 percent to 93.95 million units last year,. marking the first on-year decline since 2020, when. the corresponding figure plunged 15.4 percent due to the COVID-19 pandemic. The figures represent 2.8 percent and 0.6 percent decreases, respectively, from last year;. South Korea’s auto industry will likely face drops in domestic sales and production this year due to a prolonged economic downturn and sluggish demand, an industry analysis showed last year and the country’s total vehicle production for 2024 were expected to reach 1.7 million units and 4.22 million units.