What Is Hyundai Glovis?
Hyundai Glovis operates Autobell, the largest auto auction platform in Korea. As a subsidiary of Hyundai Motor Group, it receives a constant pipeline of Hyundai, Kia, and Genesis trade-ins, lease returns, and fleet disposals. Auctions run at four centers: Siheung, Bundang, Yangsan, and Incheon.
This is Part 1 of a series profiling each of Korea's five major auction houses with real transaction data. The goal: help you figure out which house fits your sourcing strategy.
Volume and Sold Rate
Over the last 30 days, Glovis processed more vehicles than any other Korean auction house — and it was not close.
| Metric | Glovis | All 5 Houses Combined |
|---|---|---|
| Listed | ~13,000 | ~31,500 |
| Sold | ~5,800 | ~11,800 |
| Sold rate | ~52% | ~51% avg |
| Avg sold price | varies |
Glovis handles roughly 42% of all Korean auction listings. More than 1 in 3 cars that go through Korean auctions pass through Glovis. A ~52% sold rate means just over half of all listed vehicles find a buyer on auction day — cars that do not sell can be relisted or moved to post-auction negotiation.
For context, here is how Glovis compares to every other major house:
| House | Listed | Sold | Sold Rate | Avg Price |
|---|---|---|---|---|
| Glovis | ~13,000 | ~5,800 | ~52% | ~$7,400 |
| AJ Sellcar | ~10,000 | ~3,900 | ~51% | ~$8,200 |
| Lotte | ~3,300 | ~1,100 | ~53% | ~$12,700 |
| K Car | ~2,000 | ~1,000 | ~64% | ~$5,400 |
| SK | ~3,100 | ~1,900 | ~63% | ~$11,300 |
Glovis leads by volume. AJ is the closest competitor at about 75% of Glovis's listings. K Car has the highest sold rate at roughly 64%, and Lotte commands the highest average price. Each house has a different profile — more on those in later articles.
Top 10 Models Sold
These are the most-traded models at Glovis over the last 30 days, aggregated by base model.
| Rank | Model | Approx Sold | Avg Price (USD) | Price Range (USD) |
|---|---|---|---|---|
| 1 | Avante | ~370 | ~$4,800 | ~$2,700–$13,000 |
| 2 | Grandeur | ~370 | ~$8,100 | ~$1,800–$27,000 |
| 3 | Sonata | ~280 | ~$4,800 | ~$1,400–$18,000 |
| 4 | Morning | ~265 | ~$3,000 | ~$1,100–$6,600 |
| 5 | Porter II | ~220 | ~$6,300 | ~$1,600–$17,000 |
| 6 | Carnival | ~215 | ~$12,000 | ~$3,400–$28,000 |
| 7 | Santa Fe | ~215 | ~$9,100 | ~$2,800–$23,000 |
| 8 | Sorento | ~210 | ~$9,900 | ~$3,400–$24,000 |
| 9 | K5 | ~200 | ~$6,000 | ~$1,900–$19,000 |
| 10 | Sportage | ~180 | ~$8,200 | ~$2,200–$20,000 |
The top 4 models — Avante, Grandeur, Sonata, and Morning — are all high-volume, budget-to-mid sedans and city cars. Avante and Sonata alone account for roughly 650 sales, more than some entire auction houses sell in a month.
Porter II at rank 5 is notable. This is Hyundai's 1-ton commercial truck, a workhorse of Korean logistics. If you source commercial vehicles alongside passenger cars, Glovis moves more Porter and Bongo trucks than any other house.
The Carnival at rank 6 is the only model averaging above $10,000 in the top 10. As we showed in our most popular auction cars analysis, the Carnival KA4 appears at every auction house — but Glovis offers the highest volume at roughly 215 units per month.
Wide price ranges on each model reflect age, trim, and condition variation. A Grandeur can be a 2015 base model at ~$1,800 or a 2024 premium trim at ~$27,000. Glovis carries depth across the entire spectrum.
Manufacturer Mix
| Manufacturer | % of Glovis Sales |
|---|---|
| Hyundai | ~38% |
| Kia | ~34% |
| Chevrolet | ~8% |
| KG Mobility | ~5% |
| Renault Samsung | ~5% |
Over 70% of everything sold at Glovis is Hyundai or Kia. This should not be surprising — Glovis is the Hyundai Motor Group's own auction arm. The parent company's trade-ins, lease returns, and fleet disposals flow directly into Glovis auctions.
What is interesting is the Chevrolet share at roughly 8% — the highest of any auction house. Spark, Trax, and Malibu appear at Glovis in volumes you will not find elsewhere. If your export market has demand for GM Korea vehicles, this is where to look.
KG Mobility (formerly SsangYong) and Renault Samsung round out the mix, together adding another 10%. European imports (Mercedes, BMW, Audi) make up roughly 3–4% of Glovis sales. If you want more European brands, AJ Sellcar offers nearly double the import share.
Price Distribution
Where does the money fall at Glovis? We bucketed all sold vehicles by price tier:
| Price Tier | % of Sales |
|---|---|
| Under $2,000 | ~13% |
| $2,000–$3,400 | ~15% |
| $3,400–$6,900 | ~25% |
| $6,900–$13,800 | ~27% |
| $13,800–$20,700 | ~12% |
| Over $20,700 | ~8% |
The sweet spot is $3,400–$13,800 — that range covers over half of all Glovis sales.
But there is real inventory at both ends. Roughly 13% under $2,000 represents nearly 400 vehicles per month for budget sourcing — think older Morning, Spark, or base-trim sedans. And about 8% above $20,700 means over 250 vehicles per month in the premium segment, including newer Carnival, Genesis, and high-spec SUVs.
Fuel Type Breakdown
| Fuel Type | % of Sales |
|---|---|
| Gasoline | ~52% |
| Diesel | ~33% |
| LPG | ~7% |
| Hybrid | ~5% |
| Electric | ~2% |
Glovis is a traditional powertrain house. Gasoline and diesel together make up about 85% of sales. The ~7% LPG share reflects Korea's taxi and fleet market — many LPG vehicles are ex-taxis with high mileage but solid mechanicals.
Hybrid and electric together account for just about 7%. If you are specifically sourcing EVs or hybrids, Lotte Auto Auction is a better fit — roughly 24% of their sold inventory is electrified, more than triple Glovis's share. We will cover Lotte in Part 4 of this series.
Year vs Price — What You Can Expect
For budget planning, here is how average sold prices break down by model year at Glovis:
| Year | Approx Sold | Avg Price (USD) |
|---|---|---|
| 2015 | ~235 | ~$3,800 |
| 2016 | ~280 | ~$4,400 |
| 2017 | ~235 | ~$5,100 |
| 2018 | ~245 | ~$6,700 |
| 2019 | ~220 | ~$8,500 |
| 2020 | ~220 | ~$10,300 |
| 2021 | ~260 | ~$12,800 |
| 2022 | ~330 | ~$14,000 |
| 2023 | ~270 | ~$17,400 |
| 2024 | ~105 | ~$20,400 |
| 2025 | ~65 | ~$25,900 |
Two volume peaks: 2016 (~280 units) and 2022 (~330 units). The 2016 cars at ~$4,400 represent the budget sweet spot — 8-to-10-year-old vehicles that have absorbed most of their depreciation. The 2022 peak at ~$14,000 is where quality meets value: 3-to-4-year-old cars still under or just past warranty.
There is a clear ~$1,500 step per year between 2015 and 2020, then the curve steepens as you approach current model years. For our price study, the ~15% savings versus retail hold across most year brackets, meaning the value proposition works whether you are buying a ~$4,000 2016 model or a ~$14,000 2022 model.
Who Should Source From Glovis
Glovis is for you if:
- You source budget-to-mid inventory in the $3,000–$10,000 range — this is where Glovis has the deepest pool
- You need Hyundai/Kia volume — over 70% of sales, the largest selection of any house
- You source commercial vehicles — Porter II is the #5 model, and Bongo trucks move regularly
- You want Chevrolet — Spark, Trax, Malibu at ~8% share, highest anywhere
- You need liquidity — ~5,800 cars sold per month means the most active buyer pool in Korea
Glovis is NOT for you if:
- You are sourcing EVs or hybrids — only ~7% electrified inventory (Lotte has ~24%)
- You want premium/Genesis concentration — AJ and Lotte have higher Genesis share
- You want European imports — AJ has ~4.5% Mercedes-Benz versus Glovis's smaller import share
- Your market demands newer model years only — SK Auction specializes in 2-to-3-year-old lease returns
What's Next
This is Part 1 of a five-part series profiling Korea's major auction houses. Coming up:
- Part 2: AJ Sellcar — Korea's #2 house, diesel-heavy with the best European import selection
- Part 3: K Car Auction — smallest major house, highest sold rate at ~64%
- Part 4: Lotte Auto Auction — the EV/hybrid house, ~24% electrified inventory
- Part 5: SK Auction — high sold rate (~63%), hybrid-strong, newest model years from lease returns
Each article will follow the same format: real data, real prices, and a clear recommendation for who should source there.
Find Glovis Cars on Auction Eye
All Glovis listings are available to browse on Auction Eye with real-time prices, inspection photos, and AI-powered price analysis.
- Browse Glovis auction listings — live prices and full inspection data
- Auction vs retail price comparison — see how much you save versus Encar retail
- Most popular auction cars — top sellers across all houses
- How Korean car auctions work — new to Korean auctions? Start here
USD figures use approximately ₩1,450 = $1 USD (March 2026). Exchange rates fluctuate — check current rates before purchasing. Data reflects the last 30 days of Korean auto auction activity.
Published by LMN Autos, a Korean auction sourcing company. Data from our operations.