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High fuel prices double second-hand eco-friendly vehicle sales in South Korea
Yonhap News Agency (Korean)
핵심 요약
- Second-hand sales of eco-friendly vehicles in South Korea more than doubled in the first half of this year.
- High oil prices were the main factor driving consumers towards electric and hybrid vehicles.
- The second-hand vehicle market Daangn Car recorded a significant increase in transaction volume for electric and hybrid vehicles.
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More than double increaseFirst half of 2024
High oil prices have significantly increased consumers' interest in eco-friendly vehicles in South Korea. In the first half of this year, the transaction volume of electric and hybrid cars on the second-hand vehicle platform Daangn Car, operating in the country, more than doubled compared to the same period last year.
Consumers are turning to electric and hybrid models instead of gasoline and diesel vehicles in order to reduce rising fuel costs. This situation positively affects not only brand-new vehicle sales but also the second-hand market, which offers more affordable prices. The data announced on Monday clearly reveals this rapid shift in consumer preferences during a period of rising transportation costs.
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자주 묻는 질문
- What is the main reason for the increase in second-hand sales of eco-friendly vehicles?
- Rising fuel and oil prices are pushing consumers towards electric and hybrid vehicles, which have lower fuel consumption.
- Which vehicle types saw the highest increase in trade?
- According to market data, the second-hand transaction volume of both electric vehicles and hybrid vehicles increased significantly.
- Which country does the development in the news cover?
- This study evaluates the first-half trends solely in the South Korea market, based on data from the second-hand vehicle platform Daangn Car.
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