Used cars poured into Russia from South Korea

At the end of 2022, the export of used cars from the Republic of Korea to Russia grew 8.3 times to 19,626 units, according to the Korea International Trade Association (KITA). The total value of used cars sold to Russia last year was $572.76 million, which is 12.6 times higher than the previous year, TASS agency writes. It is noted that the average cost of a used car exported to Russia in 2022 was $29.2 thousand, which is 4 times higher than the average for all countries (about $7.3 thousand). In 2021, the average price of a car imported from the Republic of Korea to Russia was $19.2 thousand.

According to the director of "Avilon. Pre-owned vehicles" Nikolai Baskakov, in the segment from 1.5 to 3 million rubles, the main focus is on the reliability of the car, so Japanese and Korean manufacturers turned out to be the leaders in sales. In the segment over 3 million, premium cars are already appearing, which are extremely difficult to buy as new ones (high cost or complete lack of supply due to the imposed sanctions).