February used car off-season..Time to buy a light car with a weak market price!
Feb 10, 2025
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February is usually a weak season for used cars because it usually has short business days and is an off-season season for used cars. On top of that, several new car issues scheduled for release this year were announced at the beginning of the year, which also affects the market price of used cars for some models.
In fact, the market price of major models of domestic and imported cars in February 25 fell 6.86% on average compared to the previous month. However, as the peak season for used cars approaches in March, there is room for some models to shift to a rise in market prices. For consumers who plan to buy used cars, this February seems to be the best time to buy vehicles wisely on reasonable terms.
Domestic cars fell 6.62% on average, and the market price decline of the compact vehicle model was particularly noticeable. Chevrolet The New Spark Premier was the biggest loser, down 9.14%, while Kia The New Ray Signature was down 7.03%. Small SUVs Chevrolet the New Trax 1.4 LT Core fell 7.84%, while the KG Mobility Very New Tivoli 1.52WD V3 fell 6.85%.
Hyundai The New Palisade 2.22WD Calligraphy, where the second-generation new model was launched in January, fell 6.35%. In addition, Kia Carnival's fourth-generation nine-seater Prestige fell 6.57% and Genesis GV80 2.5T AWD fell 7.17%.
Imported cars fell 7.21% on average from the previous month due to the continued impact of aggressive discount promotions at the end of the year and the beginning of the year, showing a greater decline than domestic cars.
For German sedans with high consumer demand, the Mercedes-Benz C-Class W205 C200 AMG Line fell 8.87%, and BMW 5 Series (G30) 520i M Sports fell 7.78%. Audi A6 (C8) 45 TFSI Premium and Audi A4 (B9) 40 TFSI Premium fell 7.37% and 9.13%, respectively. In addition, the Volkswagen Tiguan 2nd Generation 2.0 TDI Prestige, a mid-sized SUV model, fell 8.25% and the 3rd generation of Mini Cooper Classic fell 7.95%. The Volvo XC90 2nd Gen B6 Inspiration, a semi-large SUV, fell 8.15% and the Mercedes-Benz GLE-Class W167 GLE300d 4MATIC fell 7.26%.
On the other hand, electric and hybrid vehicles have a relatively small decline compared to internal combustion engine models. The Hyundai Ioniq 5 Long Range Prestige, an electric vehicle model, fell 4.55% and Kia EV6 Long Range Earth fell 5.44%. Kia's Sorento 4th generation HEV 1.62WD Gravity Hybrid model, which was in high demand enough to rank No. 1 in the domestic market last year, fell 5.30 percent less than other models. Imported cars also fell 5.52% for Lexus ES300h 7th Gen executives and 3.65% for Tesla Model 3 Long Range. "February is a period of weakness as used car prices tend to adjust overall due to the off-season at the beginning of the year," said an official from Encar. "The market is likely to rebound again during the peak season in March, so this could be a reasonable time to purchase used cars for consumers considering them."
Reporter Kim Hyung-joon hj.kim@carguy.kr
This article was translated by Naver AI translator.
