What Is SK Auction?
SK Auction is operated through SK Networks' dealer and rental partnerships, making it one of Korea's more specialized auction houses. SK Rental, the parent operation, manages corporate and lease fleets — and when those leases end, the vehicles flow into SK Auction. The result: newer, higher-value inventory with a strong hybrid presence and the second-highest sold rate among major houses.
This is Part 5 (final) 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, SK processed a mid-tier volume of vehicles — with a notably high sold rate and above-average prices.
| Metric | SK | All 5 Houses Combined |
|---|---|---|
| Listed | ~3,100 | ~31,500 |
| Sold | ~1,900 | ~13,700 |
| Sold rate | ~63% | ~51% avg |
| Avg sold price | 1,635만원 (~$11,300) | varies |
SK's ~63% sold rate is the second highest of any house — just behind K Car's 64%. That means nearly two-thirds of listed vehicles find a buyer on auction day. The average sold price of $8,200).$11,300 sits between Lotte ($12,700) and AJ (
For context, here is how SK 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 |
SK sits in a unique position: high sold rate like K Car, but at double the average price. This combination — strong buyer demand for higher-value inventory — reflects the quality of SK's lease-return pipeline.
Top 10 Models Sold
These are the most-traded models at SK Auction over the last 30 days, aggregated by base model.
| Rank | Model | Approx Sold | Avg Price (USD) |
|---|---|---|---|
| 1 | Avante | ~230 | ~$8,500 |
| 2 | Sonata | ~155 | ~$9,600 |
| 3 | Grandeur | ~145 | ~$13,000 |
| 4 | K3 | ~120 | ~$8,100 |
| 5 | Carnival | ~100 | ~$14,200 |
| 6 | Casper | ~100 | ~$6,800 |
| 7 | G80 | ~100 | ~$19,200 |
| 8 | Ray | ~95 | ~$4,300 |
| 9 | Morning | ~65 | ~$4,700 |
| 10 | K5 | ~65 | ~$12,900 |
The first thing that stands out: G80 at rank 7 with ~100 units. The Genesis G80 at ~$19,200 average is a premium model that barely registers at other houses. SK's corporate lease pipeline delivers a steady stream of Genesis vehicles — 8% of all SK sales are Genesis, the highest Genesis share alongside Lotte.
Casper at rank 6 is notable. This is Hyundai's micro-SUV, a relatively new model. At ~$6,800 average, these are 1-to-2-year-old lease returns — practically new vehicles at auction prices. Casper does not appear in the top 10 at any other house.
K3 at rank 4 is another model more prominent at SK than elsewhere. At Glovis, K3 does not crack the top 10. SK's lease pool delivers newer K3 units at an average of ~$8,100.
Wide price spread in the top 10 — from Ray at ~$4,300 to G80 at ~$19,200 — shows that SK is not exclusively premium. There is budget inventory here too, though it leans newer and better-maintained than budget stock at other houses.
Fuel Type Breakdown
| Fuel Type | % of Sales | Count |
|---|---|---|
| Gasoline | ~54% | ~1,040 |
| Diesel | ~17% | ~330 |
| Gasoline Hybrid | ~17% | ~320 |
| Electric | ~6% | ~116 |
| LPG | ~5% | ~100 |
| Hydrogen | ~0.3% | 4 |
SK has the second-highest hybrid share of any Korean auction house at ~17% — behind Lotte's ~24% total electrified but ahead of Glovis (~5%) and AJ (~5%).
To put this in perspective:
| House | Hybrid Share | EV Share | Total Electrified |
|---|---|---|---|
| Lotte | ~11% | ~13% | ~24% |
| SK | ~17% | ~6% | ~23% |
| Glovis | ~5% | ~2% | ~7% |
| AJ | ~5% | ~2% | ~6% |
| K Car | — | ~1% | ~1% |
SK and Lotte are nearly tied on total electrified inventory (~23% vs ~24%), but with different mixes. Lotte leads on pure EVs (~13% vs SK's ~6%), while SK leads on hybrids (~17% vs Lotte's ~11%). If you specifically want hybrids over EVs, SK is the better source.
The ~17% diesel share is lower than AJ (~44%) or K Car (~36%), reflecting the newer fleet-origin inventory. The ~5% LPG share includes ex-corporate vehicles but is lower than at houses that handle more taxi fleet disposals.
Manufacturer Mix
| Manufacturer | % of SK Sales | Sold Count |
|---|---|---|
| Hyundai | ~44% | ~840 |
| Kia | ~38% | ~735 |
| Genesis | ~8% | ~155 |
| KG Mobility | ~3% | ~60 |
| Renault Samsung | ~3% | ~60 |
| Chevrolet | ~2% | ~35 |
| Tesla | ~1% | ~16 |
| Polestar | ~0.5% | ~10 |
82% Hyundai + Kia — the highest combined share of any house. SK's corporate lease pipeline is dominated by Korea's two largest automakers.
Genesis at ~8% ties with Lotte for the highest Genesis concentration. That is ~155 Genesis vehicles sold per month — G80, GV70, GV80, and G70 units. For export markets where Genesis demand is growing, SK is one of the two best sources alongside Lotte.
Tesla at ~1% and Polestar at ~0.5% are unique to SK. These are non-Korean EV brands that rarely appear at other auction houses. While the volumes are small (16 Tesla, 10 Polestar per month), they represent sourcing opportunities you simply cannot find elsewhere in Korean auctions.
Chevrolet at ~2% is the lowest of any house — if you need GM Korea vehicles, Glovis (8%) is the better option.
The Lease Return Pipeline
What makes SK structurally different from every other auction house is its supply chain.
At Glovis, supply comes from Hyundai Motor Group trade-ins and dealer inventory. At AJ, it is independent dealer consignments. At K Car, it is retail platform overflow. At Lotte, it is a mix of fleet and private consignment.
At SK, the primary supply is corporate lease returns through SK Rental. This means:
- Newer model years — leases typically run 2-3 years, so vehicles are 2023-2025 models
- Higher specifications — corporate fleets often lease mid-to-premium trims
- Strong hybrid presence — Korean companies have shifted toward hybrids for fuel savings and green fleet targets
- Lower mileage relative to age — fleet vehicles are typically maintained on schedule
- Genesis concentration — corporate executives lease Genesis, creating a steady supply
This pipeline is why SK looks different from the other four houses. It is not serving the general used car market — it is recycling corporate fleet vehicles that tend to be newer, better-maintained, and skewed toward hybrids and premium trims.
Who Should Source From SK
SK is for you if:
- You want a high sold rate at premium prices — ~63% conversion at ~$11,300 average
- You target newer model years — fleet/lease returns are 2-3 years old, current generation
- You want hybrids — ~17% hybrid share, second only to Lotte's total electrified mix
- You source Genesis — ~8% share, ~155 units/month, tied for highest with Lotte
- You want Tesla or Polestar at Korean auction prices — small volumes but exclusive to SK
SK is NOT for you if:
- You need maximum volume — ~1,900 sold/month vs Glovis's ~5,800
- You source budget inventory under $5,000 — limited options at the low end (Ray, Morning only)
- You want diesel-heavy inventory — ~17% diesel vs AJ's ~44%
- You need pure EVs at volume — go to Lotte (~13% electric vs SK's ~6%)
- You want European imports (Mercedes, BMW) — AJ has 4.4% Mercedes; SK has minimal European brands
How to Think About SK in Your Sourcing Strategy
| If you want... | Go to... |
|---|---|
| Most volume | Glovis (~5,800 sold/mo) |
| Budget inventory | K Car (~$5,400 avg) |
| Diesel / SUVs | AJ (~44% diesel) |
| Pure EVs | Lotte (~13% electric) |
| Hybrids | SK (~17% hybrid) |
| Genesis | SK or Lotte (~8% each) |
| European brands | AJ (4.4% Mercedes) |
| Commercial trucks | Glovis (Porter II #5) |
| High sold rate + premium | SK (~63% at ~$11,300) |
SK works best as either a primary source for buyers who want newer, higher-value Korean vehicles — or as a supplement alongside Glovis/AJ when you have specific demand for hybrids, Genesis, or late-model inventory.
The Complete Series
This article concludes our five-part deep dive into Korea's auction houses. Each house has a distinct profile:
- Part 1: Glovis — the volume leader, 42% of all listings, budget-to-mid sweet spot
- Part 2: AJ Sellcar — diesel-heavy, European imports, strongest SUV lineup
- Part 3: K Car — highest sold rate (~64%), budget-friendly, export-oriented
- Part 4: Lotte — the EV/hybrid house, ~24% electrified, Genesis concentration
- Part 5: SK Auction — high sold rate (~63%), hybrid-strong, newest model years from lease returns
No single house is best for everyone. The right choice depends on your target market, budget, and powertrain preferences.
Find SK Cars on Auction Eye
All SK Auction listings are available to browse on Auction Eye with real-time prices, inspection photos, and AI-powered price analysis.
- Browse SK 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 ₩1,450 = $1 USD (March 2026). Exchange rates fluctuate — check current rates before purchasing. Data from the last 30 days of Korean auto auction records.
Published by LMN Autos, a Korean auction sourcing company. Data from our operations.