As sales expanded for key segments such as sport utility vehicles and mini cars, the company said buyers increasingly weighed overall value and practicality for the vehicle class, not just price, when purchasing used cars.
The most-selected company-run certified used car among Riboncar customers was Hyundai Motor Co.’s Grandeur. The Grandeur, a leading large sedan in South Korea, is seen as offering proven quality, a nationwide parts and service network, and stable resale value, the company said.
Next were the Kia Carnival, Genesis G80, Kia K5 and Kia Sorento.
The shift toward value-focused buying also showed up in sales by vehicle type and fuel, Riboncar said. It cited strong growth for SUVs and multipurpose vehicles for space, mini cars for tax benefits and lower upkeep costs, and electric and hydrogen vehicles for lower fuel expenses.
SUV and MPV sales rose 36% from a year earlier and accounted for 29% of total sales. By model, the top sellers were the Kia Carnival, Kia Sorento, Hyundai Santa Fe, Genesis GV70 and Hyundai Palisade. The top five models made up about half of SUV and MPV sales.
Mini-car sales rose 34% from the previous year. Riboncar said the segment drew value-focused buyers because of relatively low vehicle prices and lower ongoing costs such as insurance and taxes.
Sales of electric and hydrogen vehicles rose 2.7 times from a year earlier. Riboncar said used electric vehicles can see larger price drops than new cars, while offering lower operating costs, making them an option for buyers weighing both cost and practicality.
A Riboncar official said more customers are closely comparing value by vehicle class rather than focusing only on price, and that quality control through its direct-run system and transparent information helped build trust and drive sales growth. The official said the company will keep working to reduce customers’ burden and uncertainty in the used-car buying process and improve services that support daily life and lifestyles.
* This article has been translated by AI.
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