3 Catalysts to Help the Used Car Sales to Touch Nearly 3 Mn Units By 2026 in South Korea; Will The Growth Sustain? Ken Research Covid-19 pandemic along with South Korean Government nearly 1 Tn Won ($1 Bn) plan to develop autonomous vehicle technologies led South Korea Used Car Market Basis Volume nearly 3 Mn units in 2021, as per findings released by Ken Research. 1. Impact on Used Car Sales in the country due to Covid-19: Is the growth… Read More »
Expansion of Distribution Network Sets the Path for Used Car Sales to Reach More Than 2.5 Mn by 2026; What Are Its Significance in The Upcoming Years? Ken Research There has been a consistent increase in used car sales between 2019 and 2021 as consumer income levels fell due to the pandemic, customers preferred purchasing pre-owned cars. Used car sales to witness a CAGR of 1.0% over 2021-2026, as per findings released by Ken Research. 1. Low Unemployment Rate and Moderate Labor Force Participation… Read More »
