Cumulative listings of 610,000 vehicles and an 80% winning rate... K Car's 'Weeekly Auction' reaches 1,000 sessions

*This content was translated by AI.

KG Mobility Platform announced on the 22nd that its regular car auction 'Weeekly Auction' under its direct used-car platform K Car has reached 1,000 sessions.

Launched in March 2011 with the opening of an auction venue in Osan, Gyeonggi Province, 'Weeekly Auction' has operated using an O2O model that connects offline auction venues with online bidding. It is currently run at two locations: Osan Auction Venue (held on Thursdays, capacity up to 1,700 vehicles) and Sejong Auction Venue (opened in October 2022, held on Tuesdays, capacity up to 800 vehicles). Member companies can participate in real-time bidding via PC and mobile devices.

Used-car auctions are distribution markets where businesses such as purchasing companies, trading firms, and export companies conduct wholesale transactions through open competitive bidding. K Car Auction pre-inspects the condition of listed vehicles and provides results and images to member companies, enhancing the professionalism and transparency of the auction process.

Since the first auction, cumulative vehicle listings have reached 617,000 units, with 436,000 units successfully sold, achieving a cumulative average winning rate of 70.7%. Over the past three years, the average number of vehicles listed per session has been 1,317, and the average number of successful sales per session has been 994. Over the last decade, both revenue profit and operating profit have achieved annual growth rates (CAGR) exceeding 30%.

As of 2025, the average winning rate stood at approximately 80%, accounting for 15% of listings and 19.5% of successful sales in the used-car auction market nationwide compared to the previous year. Currently, 1,655 member companies and 719 export buyers are participating, and new export markets are being actively developed to offset geopolitical risks in the Middle East region.

Hwang Jae-hyuk, Gyeong Mae-sa-eop (Head) of KG Mobility Platform, stated that this achievement reflects the company's efforts to build a stable transaction foundation together with member companies, and pledged to continuously enhance the online-offline auction system. KG Mobility Platform is Korea's largest direct used-car platform operator, managing 48 direct networks nationwide and e-commerce services.

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*This content was translated by AI.