Heydealer "March Used Car Prices Rise Mainly for Premium Sedans"

Prices of premium sedans rose sharply in the used car market in March.

Heydealer announced the results of its March used car price analysis on the 8th. Overall, used car prices increased ahead of the spring peak season. In particular, the prices of premium sedans, which were most affected by the market slump since last winter, rose significantly.

Prices of premium sedans increased compared to the previous month, with Hyundai Grandeur IG up 4.3%, BMW 5 Series (G30) up 4.1%, and Genesis G80 up 3.7%. Additionally, Audi A6 (C7) rose 1.9%, Kia All New K7 increased 1.8%, and Mercedes-Benz E-Class (W213) also went up 0.9%.

On the other hand, Chevrolet The Next Spark and Renault QM6, which had defended their prices despite the economic downturn, fell by 1.8% and 0.8%, respectively.

This data is based on an analysis of 2018 model year vehicles with less than 100,000 km mileage that were auctioned on Heydealer during February of this year.

A Heydealer official said, "The demand for sedans is increasing due to spring job entries and the new school semester, revitalizing the used car market," adding, "The stabilization of the financial market has also helped boost dealer bidding, contributing to the price increase."

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