<Anchor>



Until recently, buying a car was very difficult.

Due to the lack of supply, you had to wait for more than a year to buy a new car, and as a result, used car prices soared. Recently, the atmosphere has completely changed due to the effect of high interest rates.



This is reporter Kim Jung-woo.



<Reporter> This



is a used car trading complex in Suwon, Gyeonggi Province with about 14,000 used cars.



The price has gone down by several million won from the end of last year, but few people are looking for it.



[Kim Tae-min/Used Car Dealer (Automobile Diagnosis Evaluator): Originally, the market price is in the mid-20 million won range, but if you do well, it's a car that gets mid-20 million won.

It is now on sale for 2,100.

It's selling at a few million won lower than the purchase price.]



The reason why the used car market is frozen is because of the interest rate that rises day by day.



The interest rate on used car installment products, which was 3-4% a year ago, has risen significantly to around 10% on average, and products with a maximum of 19% or more have come out.



Used cars were once more expensive than new cars for some models, but prices continue to drop as more and more buyers stop coming.



[Anheung-do/Used Car Dealer: (Previously) It was really abnormally high.

When customers came and said they were looking at new or used cars, it was embarrassingly high to say.

(Now) Isn't the normalization of used car prices the right expression?] The



situation is the same in the new car market.



High capital rates are reducing new orders and canceling existing contracts.



As a result, depending on the dealership, some models came out that had a new waiting period reduced by one year for a month, and even for popular models, the delivery period was reduced by at least one or two months.



The automobile industry predicted that this trend would continue for the time being at high interest rates, and demand could be driven to mid- to low-priced vehicles that could minimize loans.



(Video editing: Kim Ho-jin, VJ: Park Hyun-woo)