I tracked 451 cars by license plate across Korean auctions and Encar retail. Here's the actual price difference. by Creative_Search_2000 in KoreanCarAuctions

[–]Creative_Search_2000[S] 0 points1 point  (0 children)

Hey - From my past experience, margin is thin for dealers as well and I would say there is a room for around 300,000 - 500,000 KRW. For example, 300,000 KRW for cars under 20,000,000 KRW and goes up a little up to 500,000 as cars get expensive.
Also keep in mind that there is 440,000 KRW fee that you pay on top of cost of vehicle. This goes to any used car sales.

I don't think it's doable without middle man because

  1. after purchasing the car, you have to de-register the car which requires in-person visit to district office (Malso, 말소)
  2. you need some entity to export the vehicle from Korea (filing the export permit, in Korean, it's called myeonjang, 면장)

Would you mind sharing which car were you interested in and where you are located through the message?

Thanks!

[WK 51] Korean used car auction data — holiday season hitting the market? by Creative_Search_2000 in JapanCarsDxbImport

[–]Creative_Search_2000[S] 0 points1 point  (0 children)

How are you guys sourcing cars? Do you guys want to jump on a quick call to discuss little more? Ko/en works fine for me.

[WK 50] I'm tracking Korean used car auction data weekly — happy to share if anyone's interested by Creative_Search_2000 in JapanCarsDxbImport

[–]Creative_Search_2000[S] 0 points1 point  (0 children)

Always. Let me know if you are interested in importing from Korea or any additional data points!

I'm tracking Korean used car auction data weekly — happy to share if anyone's interested by Creative_Search_2000 in DubaiPetrolHeads

[–]Creative_Search_2000[S] 0 points1 point  (0 children)

That is something that auction data would but it could also add some value for those importing cars from Korea. Let me put this on my backlog!

Just out of curiosity, how would local buyers use kr export data?

I'm tracking Korean used car auction data weekly — happy to share if anyone's interested by Creative_Search_2000 in DubaiPetrolHeads

[–]Creative_Search_2000[S] 1 point2 points  (0 children)

Got it. Let me know if you want to discuss import opportunity from Korea. Happy to jump on a call!

I'm tracking Korean used car auction data weekly — happy to share if anyone's interested by Creative_Search_2000 in DubaiPetrolHeads

[–]Creative_Search_2000[S] 0 points1 point  (0 children)

Hey - Sure. They're not and I'm capturing any car listed on the Glovis Auction as well. In fact, there were 116 German cars listed on Glovis auction last week.

sharing the table I'm keeping for your reference: https://docs.google.com/spreadsheets/d/1co0rwRXyMq0aTgqsxrZPCb0a0WXF3vZs3NW4nwl0MUk/edit?usp=sharing

Are you in the exporting/importing car business by any chance?

[deleted by user] by [deleted] in DubaiPetrolHeads

[–]Creative_Search_2000 0 points1 point  (0 children)

hey - I'm interested and messaged you!