Used Car Actual Transactions Drop Double-Depths In February, Significantly Declines Even When Seasonal Factors Are Considered

*This content was translated by AI.

The actual transaction of used cars in the country totaled 165,618 units in February 2026, down 12.8% from the previous month and 16.8% from the same month a year earlier, according to data from the Kaizu data center. By vehicle type, passenger cars fell 12.1% from the previous month to 148,841, while commercial vehicles such as buses and trucks fell 16.8% from the previous month to 24,777. Kia Morning (TA) topped the list of transactions by domestic car model with 3,332 units, followed by Chevrolet Spark (2,763), Hyundai Grandeur HG (2,733 units), Kia New Ray (2,678 units), and Kia Carnival KA4 (2,095 units). In the imported passenger car market, the fifth generation of the Mercedes E-Class was the most traded with 1,493, followed by the seventh generation of the BMW 5 Series (942 units), the sixth generation of the BMW 5 Series (669 units), the sixth generation of the Mercedes S-Class (525 units), and the third generation of the Mini Hatch (422 units).

Kia had the largest number of actual transactions by domestic car brand with 43,537 units, followed by Hyundai (40,907), Chevrolet (9,464), Renault Korea (8,349), Genesis (7,197), and KGM (6,905). Genesis's decline was the highest at 17.0%, with all brands' trading volume falling month-on-month. BMW topped the list with 5,596 cars, followed by Mercedes-Benz (5,519), Audi (1,627), Mini (1,221), and Volkswagen (1,016). In particular, Tesla showed growth with 820 units traded, up 24.8% year-on-year.

By fuel used, gasoline vehicles accounted for the majority of the total with 82,429, followed by diesel (33,283), LPG (16,225), hybrid (9,622), and electricity (4,577). Compared to the same month last year, hybrid and electric vehicles rose 5.7% and 20.7%, respectively, but gasoline, diesel and LPG vehicles all fell. The actual transaction by appearance was followed by sedans (61,926), SUVs (42,987), hatchbacks (18,785), RV (12,607), and pickup trucks (2,472). By use, private cars accounted for the majority with 139,718 units, 1,117 units for commercial use and 6 units for tolerance.

By owner type, individual transactions fell 11.5% and 21.4%, respectively, to 133,190 units and 7,651 units of corporate and business transactions. The number of gender transactions of individual-owned private cars was 95,845 for men, about 2.5 times more than 37,345 for women, and both groups showed a decrease of 11% compared to the previous month. The proportion of actual transactions by age was the highest in their 50s at 32,297 units, followed by 40s (32,049 units), 30s (28,989 units), 60s (17,881 units), 20s (16,811 units), and 70s (5,163 units). While the decrease in the 60s (-15.0%) from the previous month was the largest, the 20s showed an increase of 19.7% from the same month last year.

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*This content was translated by AI.