Kia PV5 disrupts camper market: prices for motorhomes halved
South Korea's camper and caravan market is in sharp decline due to affordable Kia PBV electric vehicles. Industry data shows prices for most campers h...
South Korea's camper and caravan market is in sharp decline due to affordable Kia PBV electric vehicles. Industry data shows prices for most campers have halved, and new motorhome sales dropped 75% in three years. The PV5 model, with standard electrical equipment and air conditioning for 2,000 won per night, costs about 25 million won, compared to 70–80 million won for traditional motorhomes. Camper user numbers fell 13.9% year-on-year, and the market shrank 11.8%.