Chip shortage, Tesla’s second-hand car in South Korea is 10 million won more expensive than new cars
2021-12-28
Due to the shortage of chips and delays in the delivery of new cars, the market for second-hand cars that can be driven on the road without waiting has been boosted. South Korea has experienced a phenomenon that second-hand cars are more expensive than new cars. Tesla’s second-hand car prices are even higher. The new car is more than 10% more expensive and 10 million won.
The Korean Economic Daily (The Korea Economic Daily) Japanese version reported on the 24th that due to chip shortages and delays in the delivery of new cars, the price of second-hand cars is more expensive than new cars in South Korea, and Tesla, which takes longer to deliver cars than other car manufacturers , The price of used cars is even more than 10% more expensive than new cars, 10 million won higher. According to the Korean used car trading platform “Encar”, in terms of the most popular Tesla “Model 3 Long Range” in South Korea, the current used car market is roughly between 55 million and 75 million depending on the year and mileage. Won, 2021-style, quasi-new car with a mileage of less than 5,000 kilometers, the price is as high as 79 million won, which is about 13% more expensive than the new car price of 69.79 million won, and about 10 million won.
The situation is similar for other Tesla models. “Model Y Long Range” used car prices ranged from 78 million to 91 million won, with the highest offer price of 91.24 million won, which is approximately 14% higher than the new car’s price of 79.89 million won (11 million won higher).
According to a person from the Middle Ages car industry, “Korea has a group of diehard Tesla brand customers, and second-hand cars can be driven immediately after they are bought, which will push the market higher.” Tesla has not known the delivery time of new cars. Therefore, customers often say “(buying a new car) if you can get a car in one year, you are lucky.”
According to reports, Tesla has adopted a strategy of frequently increasing car prices in the global market. The Korean market has raised four times this year, and the price of new cars has increased by 9 million to 10 million won.
Yonhap News Agency reported that the Korea Automotive Technology Research Institute (KATECH) announced on November 15 that global electric vehicle (EV) sales from January to September 2021 reported 3.01 million, of which 625,624 were from Tesla. South Korea ranks the seventh largest EV market in the world, with 71,006 sales, ranking in China (1.76 million), the United States (272,554), Germany (243,892), the United Kingdom (131,832), France (114,836) and Norway ( 84,428) afterwards.
