Toyota Alphard “Used price soars due to supply shortage”
With the Toyota luxury minivan ‘Alphard’ launched in the domestic market last September, demand is not keeping up with supply. As a result, there is a premium in the used car market, leading to a phenomenon where used cars are sold more expensive than new cars.
Toyota Alphard was introduced to the domestic market last September, and the 4th generation model, which was unveiled last June, was introduced. According to Toyota's official dealer, this year's supply of 400 units has already been sold out, and some pre-orders are expected to be shipped next year.
Additionally, there is currently a waiting period of approximately one year for a new contract. The price of Alphard's car is 99.2 million won, which is equivalent to 100 million won, but it is unusually popular.
As a result, in the used car market, new Alphard used cars are being traded at a price ranging from 140 million won to 149 million won. Currently, it is known that even these transactions have all been completed, and the amount of used cars currently available for trading is very small.
Considering that the price of Alphard's new car is 99.2 million won, there is a premium of up to 50 million won. It is known that Alphard is currently in short supply not only in the domestic market but also in the global market.
The popular factors behind the Toyota Alphard are its excellent ride comfort, various convenience features, and hybrid powertrain. Although it is an expensive vehicle aimed at luxury minivans, it has excellent fuel efficiency thanks to its hybrid powertrain. Currently, there is no competing model until the Carnival Hybrid High Limousine is released.
Toyota Alphard's 2.5-liter gasoline hybrid system delivers a combined maximum output of 250 horsepower and excellent certified fuel efficiency of 13.5 km/L.
Meanwhile, the new Carnival Hybrid High Limousine model, which is considered a competing model for Toyota Alphard, is scheduled to be officially shipped in the first quarter of next year and is expected to absorb part of Alphard's demand.