The company said Monday it posted preliminary full-year revenue of 2.4388 trillion won and operating profit of 76 billion won. Revenue rose 6% from a year earlier and operating profit increased 11.5%.
K Car said it lifted sales 1.4% despite a 2.2% year-over-year drop in used-car registrations amid financial-market volatility and worries about a slowing economy. Annual used-car sales totaled 156,290 vehicles, raising its market share to 12.7%.
Retail sales came to 114,496 vehicles, with online transactions accounting for 55.9%. Auction sales totaled 41,794 vehicles, up 6.5% from a year earlier and a record, the company said.
K Car said it plans to launch new businesses this year, including a service that supports safer direct transactions between individuals, as it aims to broaden its platform across different types of deals.
CEO Jung In Guk said the company has continued to expand its share steadily as the market shifts toward corporate operators, citing brand trust and diversified buying and selling channels. He said K Car will respond quickly to market changes and pursue sustainable growth.
* This article has been translated by AI.
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