<Anchor> As
new car shipments are delayed due to the lack of automotive semiconductors, more and more consumers are looking for used cars. The market price of used cars has also risen sharply, so popular models are trading at a level that is close to the price of new cars.
Reporter Han Sang-woo covered it.
<Reporter> I am
a car dealer in Dongdaemun-gu, Seoul.
The Genesis GV70 used car is on sale, which has to wait for at least 3 months due to a backlog of orders.
It costs only 800,000 won from the new car, but it sells quickly.
[Jongsu Lee/President of a used car sales company: I have a lot of inquiries about how much the price is falling in a new car. If you say you want to ride this car too much, you buy it right away.] As the
production of new cars is delayed due to a shortage of semiconductors for vehicles, demand is rapidly rushing into the used car market.
The market even raises the possibility of reversing the prices of new and used cars in some models.
[(Before) Palisade was the same, and Morning and Kia Motors were all the same. They sell more expensive than the price of new cars, and I think that will be the case in the future.]
According to a used car market researcher, the price of used cars in the 10 most traded models rose by an average of 6.1% in a month.
Production disruption due to shortage of vehicle semiconductors is not a problem only in Korea, so used car prices in the US also surged 21% compared to last year.
Even last month, the US consumer price index soared 4.2% from a year ago, hitting the highest in 13 years, about 30% of this increase was the impact of the surge in used car prices.
The disruption in the supply and demand of automotive semiconductors is a sign of prolonged prolonged periods of time.