In the First Month of the New Year, Popular Used Cars Are 'The New Trax, Golf 7th Generation'

Source: Encar.com

[Asia Economy Reporter Changhwan Lee] The fastest-selling used cars this month were the Chevrolet The New Trax and the 7th generation Volkswagen Golf.

On the 30th, the car trading platform Encar.com revealed the top 10 fastest-selling domestic and imported car models for January this year. This data excludes vehicles sold in quantities under 20 units among those registered for sale on Encar.com from January 1 to 26 of this year.

Among domestic cars, Chevrolet's compact sport utility vehicle (SUV) The New Trax (2019 model) recorded the shortest average selling period of 9.61 days. It was followed by the 4th generation Kia Carnival (14.08 days), Renault Samsung QM5 (18.31 days), Hyundai Avante (18.61 days), and The New Grand Starex (22.27 days).

The remaining models in the top 10 were Chevrolet The New Spark (22.28 days), Hyundai Palisade (23.35 days), 2018 model The New Trax (24.57 days), Hyundai The New Maxcruz (25.14 days), and Ssangyong Actyon Sports (25.27 days).

Looking at the top 10 domestic car models, SUVs and recreational vehicles (RVs) dominated except for the Avante. Last year, the RV sales share in the domestic car market surpassed 50% for the first time, and the SUV and RV craze was reflected in the used car market as well.

In particular, with the release of new models such as the Carnival and Trax from late last year to early this year, the overall popularity of SUVs and RVs increased, which is believed to have influenced the selling period of used cars. Additionally, among the top five domestic cars, except for the QM5, the latest models from 2019 to 2020 were sold quickly.

Source: Encar.com

For imported cars, the proportion of the latest model years tended to be lower compared to domestic cars, focusing on brand-representative SUVs and sedan models. The fastest-selling imported car was Volkswagen's iconic Golf 7th generation, with an average selling period of 22.04 days.

The Mercedes-Benz GLE Class (W166) ranked second with 22.79 days, and the BMW 3 Series (F30) came in third with 24.6 days. Following were the BMW X4 (F26) at 25.36 days and the Lexus New ES300h at 26.43 days, ranking fourth and fifth respectively.

From sixth to tenth place were the BMW 5 Series (G30) and 5 Series (F10) models at 27.29 days and 27.86 days, ranking sixth and seventh, followed by the BMW X6 (F16), Jaguar XF (X260), and Ford Explorer occupying eighth to tenth places respectively.

Park Hong-gyu, Head of Business Division at Encar.com, stated, “The spread of car camping trends due to the COVID-19 pandemic and continuous new car launches are driving the popularity of SUVs and RVs in the used car market as well. Especially, as more consumers seek nearly new used cars centered on domestic models, transactions of the latest model years are increasing and the selling periods are becoming shorter.”

This content was produced with the assistance of AI translation services.