In 2018, there were 2.6 million used cars sold in South Korea. According to the source, the used car market was approximately 1.4 times the size of the new car market. This ratio is low, especially in comparison to the United States or Europe, where the used car market is approximately four to six times larger than the new car market.
Number of used cars sold in South Korea from 2014 to 2018
(in million units)
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Hankyung. (December 16, 2019). Number of used cars sold in South Korea from 2014 to 2018 (in million units) [Graph]. In Statista. Retrieved December 14, 2024, from https://www.statista.com/statistics/1132357/south-korea-number-of-used-cars-sold/
Hankyung. "Number of used cars sold in South Korea from 2014 to 2018 (in million units)." Chart. December 16, 2019. Statista. Accessed December 14, 2024. https://www.statista.com/statistics/1132357/south-korea-number-of-used-cars-sold/
Hankyung. (2019). Number of used cars sold in South Korea from 2014 to 2018 (in million units). Statista. Statista Inc.. Accessed: December 14, 2024. https://www.statista.com/statistics/1132357/south-korea-number-of-used-cars-sold/
Hankyung. "Number of Used Cars Sold in South Korea from 2014 to 2018 (in Million Units)." Statista, Statista Inc., 16 Dec 2019, https://www.statista.com/statistics/1132357/south-korea-number-of-used-cars-sold/
Hankyung, Number of used cars sold in South Korea from 2014 to 2018 (in million units) Statista, https://www.statista.com/statistics/1132357/south-korea-number-of-used-cars-sold/ (last visited December 14, 2024)
Number of used cars sold in South Korea from 2014 to 2018 (in million units) [Graph], Hankyung, December 16, 2019. [Online]. Available: https://www.statista.com/statistics/1132357/south-korea-number-of-used-cars-sold/