What is a used car auction?
A used car auction is a sales system whereby used car owners submit their cars, the auction center conducts performance inspections and takes follow up measures, and members participate in auctions to win bids on the auction day. This is a common transaction method for used-cars in developed countries like the U.S. and Japan.
Used car distribution share of auction
houses in developed countries
Japan 60% / U.S. 25%
Auto Auction Advantages
Hyundai Glovis Auto Auction plays a leading role in the development of used car sales by providing nonstop services from sales agency to ownership transfer. More than a quarter of used car transactions are made via auction in developed countries such as the US and Japan, and the ratio of auction transactions is increasing in Korea as well.
Hyundai Glovis Auto Auction is creating a new used car sales culture by providing a wide range of vehicles and securing convenience and credibility with accurate performance inspections and a fair and transparent high-tech auction system.
- 1. Competitive Prices
- You can sell a vehicle for a high price through open auctions with 1,400 membership companies.
- 2. Reliability
- Hyundai Glovis Auto Auction affiliated
with Hyundai Motor Group manages
the whole distribution process and
guarantees safe transactions.
- 3. Fairness
- Auction processes and results
are updated online in real-time,
for fair and transparent transactions.
- 4. Convenience
- We provide convenient one-stop
service encompassing vehicle
assessment, sales agency, and transfer
of vehicle ownership.