Used SUVs pricier than new ones? Yes, in South Korea thanks to Russia

Q: How long will it take to read this news story?

The story "Used SUVs pricier than new ones? Yes, in South Korea thanks to Russia" has 399 words across 25 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Used SUVs pricier than new ones? Yes, in South Korea thanks to Russia" was covered 8 hours ago by Korea Economic Daily, a news publisher based in South Korea.

Q: How trustworthy is 'Korea Economic Daily' news outlet?

Korea Economic Daily is a fully independent (privately-owned) news outlet established in 1964 that covers mostly economy news. The outlet is headquartered in South Korea and publishes an average of 6 news stories per day. It's most recent story was published 12 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28608351</li><li>URL: https://encashes.beamstart.com/news/used-suvs-pricier-than-new-17470513079097</li></ul>

Korea Economic Daily Logo Korea Economic Daily 8h ago

Used SUVs pricier than new ones? Yes, in South Korea thanks to Russia - Korea Economic Daily

Quick Summary:

ECONOMIC SANCTIONS, DEPARTURE OF WESTERN CARMAKERSIndustry officials attributed the recent rally in used car prices to a sharp rise in demand from Russia and its neighboring countries, where economic sanctions and the departure of Western carmakers have created acute shortages of both new and quality used vehicles".

Prices of certain used sport utility vehicles in South Korea are defying the broader economic slowdown, with models like Hyundai Motor Co.’s Palisade fetching significantly above their new car sticker price.

According to data from Encar.com, a major Korean online marketplace for used cars, on Monday, a 2025 model year seven-seat Palisade is listed at 79.99 million won ($56,315), nearly 20 million won above its new car price of 60.34 million won.