The used car transaction platform Encar (CEO Kim Sang-beom) analyzed used car price data for September 2025 and noted that "the popularity of domestic SUVs continues to persist."
Encar's September used car prices are the result of analyzing the used car prices of popular models from domestic brands such as Hyundai Motor, Kia, Renault Korea Motors, and KG Mobility, along with those of import brands like Mercedes-Benz, BMW, and Audi from the 2022 model year, based on Encar's big data. The analysis focused on vehicles with a mileage of 60,000 km and included accident-free cars.
September, ahead of the Chuseok holiday, is a time when demand for purchases increases, and the used car market begins to show signs of vitality. Due to the small fluctuations in prices, popular models may exhibit active transaction patterns. This month, the average price for domestic and imported cars has slightly decreased by 0.45% compared to last month.
The average price of domestic cars has decreased slightly by 0.23% compared to August, with most models experiencing price fluctuations within 1%. Among them, as the demand for travel before the holidays was reflected, some SUV and RV models, popular as family cars, showed an upward trend in prices.
The Kia Sportage 5th generation 2.0 2WD Noble is up 1.28% from the previous month, recording the largest increase among representative domestic models. The Kia Sorento 4th generation HEV 1.6 2WD Gravity rose by 0.79%, and the Kia Carnival 4th generation 9-seater Prestige increased by 0.44%. The Hyundai Palisade 2.2 2WD Calligraphy, a large family SUV that is very popular, showed little change in price due to sustained demand.
Meanwhile, the prices of compact cars and small SUVs, which have steady demand as entry models, have slightly increased. The Chevrolet The New Spark Premier rose by 1.10%, while the Hyundai Casper Inspiration increased by 0.75%. The Kia The New Ray Signature has risen by 0.52% compared to the previous month, maintaining an upward trend for three months.
On the other hand, electric SUV models showed a decline of more than 1%, which is higher than the average decrease in major domestic cars. The Hyundai Ioniq 5 Long Range Prestige fell by 1.74%, while the Kia EV6 Long Range Earth dropped by 1.76%.
Imported cars have seen an average price drop of 0.76% compared to the previous month, while the price decline of some SUV models has become prominent, suggesting that consumers considering purchasing imported SUVs may want to look into this month's market.
The BMW X5 (G05) xDrive 30d xLine has fallen by 2.18% from the previous month, marking the largest decline among major imported models for two consecutive months. The Mercedes-Benz GLE-Class W167 GLE300d 4MATIC has dropped by 1.79% compared to the previous month, and the Mini Cooper Classic 3rd generation has recorded a decline of 0.93% for three months. Additionally, the Volvo XC60 2nd generation B6 Inscription and Porsche Cayenne (PO536) 3.0 decreased by 0.73%, while the Volkswagen Tiguan 2nd generation 2.0 TDI Prestige fell by 0.35%.
Imported sedan models continue to show strength. The Audi A4 (B9) 40 TFSI Premium rose by 0.80% compared to the previous month, recording the highest increase among imported cars in September, while the Mercedes-Benz E-Class W213 E250 Avantgarde saw a slight increase of 0.22%.
The electric vehicle models Tesla Model Y Long Range and Model 3 Long Range each saw price declines of 2.08% and 1.20%, respectively, continuing their downward trend from last month.
An official from Encar said, "As the transaction in the used car market becomes active after the off-season at the end of summer, the fluctuations in prices are not large, so popular models tend to transact quickly," and "SUVs tend to show price increases around the Chuseok holiday, so consumers considering SUVs should carefully monitor price changes for each model, such as the X5 and Tiguan, which are experiencing declines."
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