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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Autowini, the Largest Used-Car Marketplace for Korean Vehicles, Is Leading Its Market Share in Latin America

February 26, 2019

SEOUL, South Korea--(BUSINESS WIRE)--Feb 26, 2019--Autowini, Seoul-based used-car marketplace, just released its annual report for its market share and auto trading trends. According to the recent report, Autowini leads used car import market in Latin American regions like Chile, Guatemala, etc. Also, it shows over 50% of market share in Guatemala, Honduras, Georgia, Azerbaijan, and Armenia.

How Autowini breaks the mold of traditional used car trading market?

The company, which sells and ships used cars directly from Korea to overseas dealerships and individuals around the world, says it facilitated more than 300 daily item updates on its platform last year and ranked as the largest trading platform for Korean automotive brands with a variety of stocks. Indeed, CEO Jiyoung Han said the company would invest in setting up local offices more than ten regions to dominate used car import market share in Latin America and Africa.

Although used car trading platforms are highly demanding in the market for competitive pricing, they have been suffering from issues like an online scam, fraud, fake information and insecure payment problems that lost credibility of buyers. So, Autowini launched ‘B.I.S’ (Buy It Safely) system to build transparent transactions, which guarantees to share information of vehicles, providing regional sales consultancy, professional inspection, shipping tracking, and the refund has been a success factor of assuring its clients.

Since credibility and transparency weigh more in global trading business, Autowini tripled the number of inbound inquiries in 2018 and customer retention rate is constantly growing. Since it gains positive reputations among clients, nearly half of automobile exporters in Korea signed up Autowini for registering their items and contributes to creating the largest platform for Korean vehicles.

The company continues its journey while preparing launching its new salvage car auction service ‘Auctionwini’ to reshape the salvage car auction market more visible, transparent and accessible to everyone. Also, Autowini opens a new branch in Punta Arenas this year.

About Autowini

Autowini was founded in 2014 by Jiyoung Han, a former director of Encar.com – the biggest used car market leader in Korea. Autowini has been leading traditional used car export market transition to online platform for Korean vehicles. As South Korea manufactures cars like Hyundai, GM Daewoo, KIA, there are variety of selections of Korean automobiles in the market. But it was mainly sold by middlemen and lost price competitiveness until Autowini introduces its online platform for Auto traders.

Recently, Autowini breaks new records for its sales and expands its market and integral service aim to become the most trustable, diverse trade platforms for Automobiles. For more information, please visit: www.autowini.com

For more inquiries, please contact Susan Kim ( sk.kim@autowini.com )

View source version on businesswire.com:https://www.businesswire.com/news/home/20190226005075/en/

CONTACT: Susan Kim

Global PR / Marketing Manager, Autowini

Email:sk.kim@autowini.com

Mobile: +82 10 4850 0016

KEYWORD: ASIA PACIFIC CENTRAL AMERICA SOUTH AMERICA SOUTH KOREA

INDUSTRY KEYWORD: DISCOUNT/VARIETY ONLINE RETAIL AUTOMOTIVE AFTERMARKET OTHER AUTOMOTIVE RETAIL OTHER RETAIL

SOURCE: Autowini

Copyright Business Wire 2019.

PUB: 02/26/2019 10:00 AM/DISC: 02/26/2019 10:01 AM

http://www.businesswire.com/news/home/20190226005075/en