South Korea Used Car Market is currently in its Growing Stage Owing to low unemployment rate & increasing need for personal vehicle: Ken Research 1. The Used Car Industry in South Korea is growing at CAGR of 1% Basis Volume, with Brands Competing Intensely on Value Added Services Offered The South Korea Used Car market is in the Maturity stage. Easy availability of used car loans by various banks & NBFCs have led to the amplification of pre-owned car… Read More »
South Korea Used Car Market is in Growing Stage, Being Driven by Sales of Rental Used Cars, Emerging Green Car Loans and Growing Digital Advancements – Ken Research 1. GTV for used car market in South Korea has been increasing post 2020, however the used to new car ratio has been declining since 2017 The pre-owned car industry in South Korea is currently in maturity stage. Used to new car sales ratio in the country has declined from 1.38 in 2017 to 1.33… Read More »
South Korea Used Car Market Size, Share, Outlook, Growth Rate, Analysis, Covid-19 Impact, Top Key Players, and Forecast to 2026: Ken Research While the Automotive Sectors of Most Countries Struggled to Show Resilience during the Economic Crisis Incited by Covid-19, South Korea’s Used Cars Market Witnessed a Steep Increase in Car Sales: Ken Research Key Findings Online Classified are analysing the patterns of purchase by customers and capturing it through fintech and other tools such as digital… Read More »
South Korea Used Car Market- Sales, Industry Outlook, Share, Size and Growth Rate, Forecast to 2026: Ken Research Buy Now How is the South Korea Used Car Market Positioned? ~70% of the total population is under the age bracket 15-64 years supplemented by the high per capita income. The used car market in South Korea has a highly concentrated online classifieds market and fragmented offline market. A combination of restrictions on public transport… Read More »
South Korea Used Car Market – Industry Analysis, Share, Size, Demand Forecast 2026 : Ken Research Buy Now Increasing Online Presence: The year 2020 saw a tremendous increase in the usage of the online space for buying and selling cars. Although online classified platforms such as Encar and Kb Cha Cha Cha were gaining traction for quite some time, the pandemic made it absolutely necessary for most of the dealers to… Read More »
South Korea Used Car Market Trends & Analysis Report By Application, By Region, And Segment Forecasts Till- 2027 Buy Now The report titled “South Korea Used Car Market Outlook To 2026: Relaxed Government Regulations on Big Companies Entering Used Car Market to Facilitate Increase in the Used Cars Sales and Improve the Organized Market Share” provides a comprehensive analysis of the used car market trends and performance in South Korea. The report covers several aspects… Read More »
