Kia starts certified used car business to increase transparency

Kia is launching a certified used car business to promote transparency in an industry plagued by scams. The company will also certify used EVs, aiming to enhance credibility and loyalty.

2023-10-25

Goodbye lemons: Hyundai, Genesis to sell certified used cars

Hyundai Motor is entering the used car market, aiming to eliminate scams and old stereotypes. The company evaluates cars through nearly 300 quality test items and offers repairs, allowing buyers to purchase used cars that look and feel new.

2023-10-19

Korea's exports of used vehicles to Russia skyrocket by 1,163% last year

Korea's used vehicle exports to Russia skyrocketed by 1,163 percent last year as new car releases are banned amid the ongoing war in Ukraine.

2023-02-13

Used car prices fall, deliveries get speedier

Inflation, low consumer confidence and high interest rates are clouding prospects for Korea's auto industry, leading to a decrease in used-car prices but faster car deliveries.

2023-01-07

Pick-a-car

Vehicles are parked at the Janganpyeong used-car market in eastern Seoul on Thursday as used-car prices continue to fall due to the economic downturn and higher rates. [YONHAP]

2023-01-05

Used car prices surge as new car deliveries are delayed

Rising prices and a shortage of new cars has caused a sharp increase in demand for used cars. "Used car prices are surging," said a used car business owner in western Seoul.

2022-05-26

Kia plans to take on the used car market

Kia will enter Korea’s used car market, the company announced Monday, after regulations that limited the industry to only small businesses was lifted early this year.

2022-04-18

A lot of trouble

The small- and mid-sized enterprises in the secondhand car export business are expected to take a hit as a result of the Russian invasion of Ukraine, as used cars are 24.4 percent of the exports of small- and mid-sized enterprises to Russia.

2022-03-16