+ A

[Sponsored Report] Hyundai Glovis offers used car sales solution

Dec 27,2019
Hyundai Glovis Autobell’s used car consultant checks out an automobile before it is offered up for sale. [HYUNDAI GLOVIS]
Hyundai Glovis’s used car purchase service “Autobell” is drawing huge popularity in the market.

The service offers convenient selling procedures and clear-cut guidelines for the secondhand car trading, making it easily accessible for any car owner looking to resell their vehicles.

Autobell offers services such as on-site evaluation and selling options tailored for both individual and corporate sellers. Such services mean owners can offer their vehicles at an exact price range based on the car’s condition.

Registering for an on-site evaluation can be done either via Autobell’s call center or web page, and the service also takes care of administrative tasks such as changing the owner’s name on the car once it’s sold and setting up a payment system.

When it comes to selling pre-owned vehicles, knowledge of automobiles and the used car market is essential in order to get the right price. Autobell utilizes its huge used car auction data to come up with the most competitive prices, taking the main stress out of the resale process.

The service uses automobile auction data to provide the highest bidding prices for clients among hundreds of automobile dealers.

Hyundai Glovis Autobell has marked its place in the used car market through its convenience and reliability that was conventionally unavailable due to information asymmetry on complex procedures.

The growth in the used car market is leading to an active automobile auction market, as the main distribution channel for large quantities of used cars is auctions.

All cars being sold via Autobell go through strict performance tests before being sent to Hyundai Glovis’s auction market.

As more high-quality used cars flood into the auction market, the number of bidders participating in such auctions is increasingly leading to more bidding and higher prices.

This in turn leads to a virtuous cycle of Autobell’s used car purchasing prices increasing and the used car distribution process improving.

By Kim Seung-Jun [kim.Seungjun@joongang.co.kr]