Kia Ray, Mercedes Benz E-Class Fastest Selling Used Cars at SK Encar. (Image: Yonhap)
SEOUL, Aug. 24 (Korea Bizwire) — Used car dealer SK Encar released a report on August 23 that showed that the Kia Ray and Mercedes Benz E-Class were the fastest-selling cars in their respective categories.
The company combed through its website data from the past two months to compare the amount time from when a car was uploaded onto the site to its sale.
The three fastest-selling Korean cars were the Ray, the 2016 All New Sorento and the 2012 All New Morning. The Kia models stayed on the website for an average of 16.37, 17.89 and 18.12 days, respectively.
Following the E-Class, which took an average of 13.22 days to sell, were Volkswagen’s 2014 and 2015 New Tiguan models which sold after 18.36 and 18.78 days, respectively.
The Ray and the E-Class led the field when looking at quickest selling models by car classification.
The Ray and the E-Class led the field when looking at quickest selling models by car classification. (Image: Yonhap)
The Ray’s 2016, 2012 and 2015 models were ranked the first, third and fourth quickest-selling cars in the economy car class.
In turn, the 2017 and 2016 E-Class models were ranked first and second in the mid-size car category.
Business Manager Park Hong Gyu at SK Encar pointed to increased household spending during the summer holidays as a reason why customers were leaning towards more affordable economy cars like the Ray.
Regarding the sales of the E-Class, Park said,“the depreciation rate for foreign cars compared to Korean ones is much higher, which makes them very attractive to consumers looking to acquire the latest models inexpensively.”
Kevin Lee (kevinlee@koreabizwire.com)
