Luxury car

Luxury Car

Bentley, Porsche, Rolls-Royce see sales plunge after mandatory green plate rule on company cars

Bentley, Porsche, and Rolls-Royce have experienced a significant drop in sales in Korea following the government's decision to require green license plates for company cars valued at over 80 million won ($57,800). This new rule has impacted the luxury car market in the country, with these high-end brands feeling the effects.

The introduction of the green plate mandate has led to a decrease in demand for luxury vehicles, as companies are now required to display these plates on their high-value company cars. This change has resulted in a decline in sales for Bentley, Porsche, and Rolls-Royce, highlighting the impact of government regulations on the automotive industry.