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HomeGamingHyundai to Start 2nd-Hand Car Business This Year

Hyundai to Start 2nd-Hand Car Business This Year


Hyundai and affiliate Kia begin their secondhand vehicle company in the 2nd half of this year.

At an investors’ conference at head office in Seoul on Thursday, Hyundai included automobile brokerage services to its list of organizations. Kia did the very same at an investors’ conference recently.

Hyundai president Chang Jae-hoon vowed to supply clients with dependable pre-owned vehicles.

Hyundai is developing warehouse in Yongin, Gyeonggi Province and Yangsan, South Gyeongsang Province, where accredited professionals will ensure the vehicles are fit to drive.

They will just offer manufacture-certified Hyundais, Kias and Genesises less than 5 years of ages with less than 100,000 km on the clock, which go through some 200 quality tests.

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Vehicles can be purchased on sites and apps. Clients can get a refund within the very first couple of days if they are disappointed.

Kia will likewise establish offline pre-owned cars and truck display rooms so that consumers can test-drive cars and trucks and see how they are checked.

Business utilized to be limited to little and medium-sized business, however the Ministry of SMEs and Start-ups relieved the limitations in March in 2015.

Independent utilized vehicle dealerships are still opposing. In a declaration, the Korea Federation of Used Car Dealers Associations stated, “Hyundai is a huge business and is wresting the incomes from 300,000 little pre-owned automobile dealerships.”

Hyundais and Kias represented a massive 73.3 percent of pre-owned automobiles offered in Korea in 2015.

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