Daewoo cars for sale
Every Daewoo listed on MotorLoop. Compare 0 listings by model, price, kilometres and body type.
South Korea · est. 1982 · Korea's '90s value brand, later absorbed by GM.
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Overview
Daewoo was Korea’s value proposition of the 1990s — simple, heavily equipped, sharply priced cars that undercut everything else in their class. The brand is gone, but the cars are still traded second-hand, and the mechanical bones live on inside a generation of Holden Barinas and Chevrolet-badged small cars.
History
The company traces to 1937 as National Motors in Bupyeong, Incheon, passing through the Saenara (1962) and Shinjin (1966) names before the Daewoo Group took control in 1982. Under Daewoo it launched the LeMans (1986), Espero (1990) and — its biggest seller — the Matiz in 1998.
The 1997 Asian financial crisis broke the parent group. General Motors acquired the car division for $1.2 billion in 2002, and in 2011 retired the Daewoo name entirely in favour of Chevrolet, renaming the business GM Korea. The brand lingered a few more years in Eastern European markets.
In Australia
Daewoo sold here through the late 1990s and early 2000s on price, with the Lanos, Nubira and Leganza the familiar names. After the brand’s withdrawal, its Korean-built small cars continued in Australia under the Holden badge — most visibly the Barina, which switched from Opel to Daewoo underpinnings.