Used Diesel Cars Surpass New Cars in Sales Amid Environment Regulations – Carnival Leading the Trend

economy

Submitted2024.04.16 13:00
Edit2024.04.16 13:17

“I was looking to buy a carnival.”
‘Used cars’ sell more than new cars

Option for ‘used diesel’ due to strengthening environment friendly regulations
10,000 used Carnival diesels were sold in the first quarter

Photo = Hankyung.com DB “I couldn’t buy it because I was worried that after a few years, it would be a vehicle that couldn’t enter Seoul.” Mr. A, who was considering buying a diesel car, said that he heard many people around him say, “There’s no way to buy a diesel car right now,” and “I finally gave up on a diesel car purchase. “

Due to the strengthening of environmentally friendly regulations, people considering buying a new diesel car are turning to used cars, which are cheaper and less burdensome. According to data on the number of used passenger cars sold with fuel in the first quarter of this year released by Kaizu U Data Research Institute on the 16th, Carnival took the 3rd generation Kia (YP) and the new model Carnival ( YP) modified first and second among diesel models. These diesel models were sold 5,467 units and 4,832 units, respectively, for a total of 10,299 units sold.

Even when compared to the sales volume of the hybrid model (12,498 units), which received the greatest response among new Carnival cars in the same period, this figure is not significantly different.

Although it is a diesel model that is not popular as a new car, it is very popular as a used car. In fact, the sales number is much higher compared to the New Grandeur (1,943 units), which was first in used hybrid models, and the Ioniq 5 (886 units), which was first in models electricity. After the Carnival, which swept the first and second place in diesel model sales, the New Santa Fe (DM) model also sold 3,977 units. Hyundai Motor Company discontinued the diesel model when it announced a completely redesigned Santa Fe last August. Diesel powered cars like Korando Sports (3,435 units) and New Tucson (3,427 units) were also sold in large numbers.

On the other hand, the proportion of new diesel models falls significantly. According to the Korea Automobile Transportation Industry Association, in January this year, the Carnival diesel model was sold a total of 5,990 units, which is half (55.35% decrease) compared to the same month last year. This is around 26% of the total sales of the Carnival.

For example, Tucson, which ranked 5th in used diesel sales, sold just 797 new diesel vehicles in the first quarter of this year. This is only about 6% of Tucson’s total sales. This contrasts with the fact that hybrid models continue to grow, accounting for more than half of total sales (51%). The new Carnival seen at the test drive course stop / Photo = Kia Diesel All the top selling vehicles are sport utility vehicles (SUVs). The level of purchase of diesel SUVs can be explained due to the fact that some people are reluctant to buy hybrid vehicles due to higher prices compared to conventional gasoline and diesel vehicles.

In addition, people want to buy diesel vehicles suitable for SUVs because they are more fuel efficient and more powerful than gasoline, but the demand for new heavy vehicles seems to be due to regulations environmentally friendly turn to the used car market. The government plans to restrict the operation of only class 4 diesel vehicles within Seoul’s four main gates from 2025 and expand the operating restrictions throughout Seoul from 2030.

An industry official said, “Some used car converts seem to prefer diesel cars as they put off buying new cars due to the economic downturn, including high interest rates.”

Choi Soo-jin, Hankyung.com reporter naive@hankyung.com