Global Used Vehicle Market Overview
Global Used Vehicle Market size is expected to grow from USD 1147.89 Million in 2023 to USD 2409.95 Million by 2032, at a CAGR of 8.59% during the forecast period (2024-2032)
A used car, a pre-owned vehicle, or a secondhand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales. Some car retailers offer "no-haggle prices," "certified" used cars, and extended service plans or warranties. The growth of the Internet has fueled the availability of information on the prices of used cars. This information was once only available in trade publications that dealers had access to. There are now numerous sources, such as online appraisal tools and internet classified ads, for used car pricing. Multiple sources of used car pricing mean that listed values from different sources may differ. Each pricing guide receives data from different sources and makes different judgments about that data. The pricing of used cars can be affected by geography. Convertibles, for example, are more popular in hotter climes than in colder ones. Pickup trucks, on the other hand, maybe in more demand in rural areas than in metropolitan areas. The general condition of the car has a significant bearing on the price. Appearances, car history, mechanical condition, and mileage are used to determine the condition. The way a car's condition is assessed has a lot of subjectivity. Furthermore, due to disparities in income levels, car depreciation levels range significantly across exporting and importing countries. In high-income countries, the value of a car depreciates quicker than in low-income countries. Old car merchants in high-income nations may thus sell their used automobiles in low-income countries for a greater price. This is the reason for the incentive to export secondhand cars. Japan, the EU, the United States, and Canada are the top automotive exporting countries (both new and used vehicles).
Market Dynamics And Factors For Used Vehicle Market
Drivers:
Personal Mobility is in High Demand
In practically all cities across the country, population growth has outpaced public transportation, resulting in a decline in reliance on public transportation. The susceptibility of such mediums was also demonstrated by the pandemic. People who formerly relied on public and private transportation, carpooling, or shared services have moved their attention to personal mobility. People are focused more on social distance standards in metro and even non-metro cities, with health safety being the primary concern. Eventually, this will lead to an increase in the demand for personal automobiles. People from all walks of life, even those from lower socioeconomic levels, are inclined to save their discretionary money in the event of future uncertainty. As a result, personal mobility is likely to grow as a result of affordability.
The Improvement of Online Infrastructure Has a Positive Impact on The Used Vehicle Market
The used automobile market is becoming more structured as smartphone and internet use rises in emerging nations, particularly in Asia-Pacific. Used vehicle dealers are leveraging digitalization to make market offers more appealing. More clients are buying used automobiles because of features like an extensive quantity of photographs and videos on the web platform and an easy online rapid lending service.
Restraints:
Regularization is Lacking
Because the dealer cannot obtain automobiles to serve their clients until the owner does not sell them on the market, the used vehicle dealer is reliant on the seller. If new car sales fall, the market will become short of supplies after a while. Furthermore, the epidemic has impacted negatively on the automotive industry. Consumers are predicted to choose private transportation in the aftermath of the outbreak. As a result, the used vehicle industry is entirely reliant on replacement buyers, vehicle owners selling their vehicles, and used car imports, which generates a great deal of uncertainty in terms of supply to meet market demand. As a result, these issues are projected to stifle the used vehicle market's growth shortly.
Opportunities:
Technology advancements such as the internet's expansion, the usage of e-commerce sites/applications to drive company demand, and the advent of hybrid and electric vehicles have transformed the buyer's position in the market. Consumers are getting more aware of the car, its residual value, third-party profit margin, and other factors thanks to web technology. Furthermore, rising urbanization increased internet access, and technological advancements in the telecom industry have resulted in a vastly improved information flow for individuals. Used vehicle owners are increasingly relying on these variables to promote their automobiles and provide information about them. This internet platform has streamlined the sales procedure and made it easier for more people to sell and acquire automobiles. The supply side of the used vehicle market has more weight than the demand side, and transparency via information has transformed the dynamics and allowed them to use consumer insight to their benefit, therefore growing the demand for a used vehicle in the future.
Market Segmentation
Segmentation Analysis of Used Vehicle Market:
Based on the vehicle type, the passenger vehicle segment is expected to dominate the used vehicle market over the forecast period. The private vehicle has altered contemporary civilization for almost a century by enabling independence and mobility. Because of the ever-increasing distances between home, work, educational institutions, shopping, and recreational facilities, mobility is becoming increasingly crucial. People who live in cities may use taxis, carsharing, or on-demand services instead of or in addition to their vehicles. Home care and medical aid, as well as a variety of other emergency services, are made possible by passenger automobile travel.
Based on the vehicle age, the 0-5 years segment is expected to hold the maximum used vehicle market share over the forecast period. The optimal age to buy a used automobile is very subjective, and it all depends on the customer's preferences. Buying a used automobile that is less than five years old saves a lot of money over buying a new car and gives you an almost new car. A five-year-old car, on the other hand, delivers even more spectacular savings and is unlikely to cost much more in yearly maintenance provided the client is ready to forego appearance and amenities.
Based on the fuel type, the petrol vehicle segment is anticipated to register the maximum used vehicle market share over the forecast period. Petrol automobiles are often less expensive to buy and maintain since parts and mechanics are simpler to come by for them than for hybrid or electric vehicles. Petrol cars also perform better in terms of speed, acceleration, and agility (a hybrid vehicle's battery, for example, becomes dead weight when it runs out).
Based on the propulsion, the ICE segment is projected to hold the highest used vehicle market share throughout the forecast period. Due to the tightening of laws on diesel vehicles in the particular region, the demand for used petrol automobiles is increasing in the market. Furthermore, as compared to electric vehicles, these vehicles require less maintenance. Internal combustion engines also have the benefit of being liquids, which are easy to carry, generally accessible, and can be refueled rapidly.
Based on the vendor type, the organized vendor segment is expected to hold the maximum used vehicle market share over the forecast period. In the next years, this segment is expected to account for more than two-thirds of the market. The market is highly fragmented, with many dealers across the world. The market is seeing an increase in the number of franchised dealers. The introduction of new companies and innovative retail formats into the industry also contributed to the sector's expansion. Franchised dealers in the United States generated larger gross earnings on used car sales than independent dealers, according to the NADA. Furthermore, the organized sellers profited from increased brand loyalty among consumers of all ages.
Based on the sales channels, offline sales accounted for the largest volume share over the forecast period. This is due to the consumer's preference for traditional purchasing methods. The internet sales channel sector, on the other hand, is likely to rise significantly over time. The market has become more competitive due to the introduction of internet tools for both vendors and customers. Furthermore, dealers have seen tremendous development as a result of the internet availability of information such as pricing, reviews, specs, and other items.
Regional Analysis of Used Vehicle Market:
Due to the region's growing automotive industry and the region's strong presence of economic inequalities, which has created two distinct consumer demographics, one buying new cars and the other buying used cars, Asia Pacific is expected to dominate the global used vehicle market over the forecast period. SUVs and other 4WD vehicles are among the major income sources for the used vehicle industry, therefore the expanding production of SUVs by regional automotive manufacturers in the Asia Pacific is projected to be a significant driver for the used vehicle market in the Asia Pacific. The growing usage of the Internet in the Asia Pacific has benefited the used car industry, and it is expected to continue to be one of the market's primary drivers during the projected period.
Because of the existence of multiple used vehicle market competitors and the rising demand for a used vehicle in the region, North America is the second biggest regional market for used vehicles and is likely to hold a major position.
The used vehicle market is predicted to grow as disposable income rises, the urban population grows, used vehicle sales increase online, the overall population grows, and the benefits of a used vehicle over a new car grow, among other factors. Cost-effective, better for the environment, readily upgradeable, slower depreciation, reduced insurance costs, easier affordability, and no registration fees are just a few of the advantages of buying a used vehicle. Growing economies in Latin America and the Middle East might also play a key part in the global used vehicle market's growth during the projected period, as customers in these countries have turned to used automobiles rather than new vehicles due to a lack of discretionary cash.
Players Covered in Used Vehicle Market are:
- Alibaba Group
- Vroom
- OLX
- Cars24
- Autotrader (Cox Automotive)
- TrueCar
- Truevalue
- First choice
- Maruti Suzuki India Ltd.
- PenskeCars (Penske Automotive Group)
- Quikr
- Mahindra First Choice
- Group 1 Automotive Inc.
- Asbury Automotive Group
- Hendrick Automotive Group
- AutoNation Inc.
- LITHIA Motor Inc.
- eBay
- CarMax Business Services LLC.
- Scout24 AG
- Cox Automotive
- Sun Toyota and other major players.
Key Industry Developments in Used Vehicle Market
- In January 2024, Vroom, Inc. a leading ecommerce platform for buying and selling used vehicles, announced that it is discontinuing its ecommerce operations and winding down its used vehicle dealership business to preserve liquidity and enable the Company to maximize stakeholder value through its remaining businesses.
- In March 2024, CARS24, introduced Autopilot, a unique, transformative driver-on-demand service. This latest innovation underscores the brand's dedication to becoming an all-encompassing hub for automotive solutions, ensuring unmatched convenience and comfort for car owners.
Global Used Vehicle Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1147.89 Bn. |
Forecast Period 2024-32 CAGR: |
8.59% |
Market Size in 2032: |
USD 2409.95 Bn. |
Segments Covered: |
By Type |
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By Vehicle Age |
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By Fuel Type |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
ā1.1 Research Objectives
ā1.2 Research Methodology
ā1.3 Research Process
ā1.4 Scope and Coverage
āā1.4.1 Market Definition
āā1.4.2 Key Questions Answered
ā1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
ā3.1 By Type
ā3.2 By Vehicle Age
ā3.3 By Fuel Type
Chapter 4: Market Landscape
ā4.1 Porter's Five Forces Analysis
āā4.1.1 Bargaining Power of Supplier
āā4.1.2 Threat of New Entrants
āā4.1.3 Threat of Substitutes
āā4.1.4 Competitive Rivalry
āā4.1.5 Bargaining Power Among Buyers
ā4.2 Industry Value Chain Analysis
ā4.3 Market Dynamics
āā4.3.1 Drivers
āā4.3.2 Restraints
āā4.3.3 Opportunities
āā4.5.4 Challenges
ā4.4 Pestle Analysis
ā4.5 Technological Roadmap
ā4.6 Regulatory Landscape
ā4.7 SWOT Analysis
ā4.8 Price Trend Analysis
ā4.9 Patent Analysis
ā4.10 Analysis of the Impact of Covid-19
āā4.10.1 Impact on the Overall Market
āā4.10.2 Impact on the Supply Chain
āā4.10.3 Impact on the Key Manufacturers
āā4.10.4 Impact on the Pricing
Chapter 5: Used Vehicle Market by Type
ā5.1 Used Vehicle Market Overview Snapshot and Growth Engine
ā5.2 Used Vehicle Market Overview
ā5.3 Passenger Car
āā5.3.1 Introduction and Market Overview
āā5.3.2 Historic and Forecasted Market Size (2016-2028F)
āā5.3.3 Key Market Trends, Growth Factors and Opportunities
āā5.3.4 Passenger Car: Grographic Segmentation
ā5.4 Light Commercial Vehicle
āā5.4.1 Introduction and Market Overview
āā5.4.2 Historic and Forecasted Market Size (2016-2028F)
āā5.4.3 Key Market Trends, Growth Factors and Opportunities
āā5.4.4 Light Commercial Vehicle: Grographic Segmentation
ā5.5 Heavy Commercial Vehicle
āā5.5.1 Introduction and Market Overview
āā5.5.2 Historic and Forecasted Market Size (2016-2028F)
āā5.5.3 Key Market Trends, Growth Factors and Opportunities
āā5.5.4 Heavy Commercial Vehicle: Grographic Segmentation
Chapter 6: Used Vehicle Market by Vehicle Age
ā6.1 Used Vehicle Market Overview Snapshot and Growth Engine
ā6.2 Used Vehicle Market Overview
ā6.3 0-5
āā6.3.1 Introduction and Market Overview
āā6.3.2 Historic and Forecasted Market Size (2016-2028F)
āā6.3.3 Key Market Trends, Growth Factors and Opportunities
āā6.3.4 0-5: Grographic Segmentation
ā6.4 6-10
āā6.4.1 Introduction and Market Overview
āā6.4.2 Historic and Forecasted Market Size (2016-2028F)
āā6.4.3 Key Market Trends, Growth Factors and Opportunities
āā6.4.4 6-10: Grographic Segmentation
ā6.5 11-15
āā6.5.1 Introduction and Market Overview
āā6.5.2 Historic and Forecasted Market Size (2016-2028F)
āā6.5.3 Key Market Trends, Growth Factors and Opportunities
āā6.5.4 11-15: Grographic Segmentation
ā6.6 15 Years & Above
āā6.6.1 Introduction and Market Overview
āā6.6.2 Historic and Forecasted Market Size (2016-2028F)
āā6.6.3 Key Market Trends, Growth Factors and Opportunities
āā6.6.4 15 Years & Above: Grographic Segmentation
Chapter 7: Used Vehicle Market by Fuel Type
ā7.1 Used Vehicle Market Overview Snapshot and Growth Engine
ā7.2 Used Vehicle Market Overview
ā7.3 Petrol
āā7.3.1 Introduction and Market Overview
āā7.3.2 Historic and Forecasted Market Size (2016-2028F)
āā7.3.3 Key Market Trends, Growth Factors and Opportunities
āā7.3.4 Petrol: Grographic Segmentation
ā7.4 Diesel
āā7.4.1 Introduction and Market Overview
āā7.4.2 Historic and Forecasted Market Size (2016-2028F)
āā7.4.3 Key Market Trends, Growth Factors and Opportunities
āā7.4.4 Diesel: Grographic Segmentation
ā7.5 Natural Gas
āā7.5.1 Introduction and Market Overview
āā7.5.2 Historic and Forecasted Market Size (2016-2028F)
āā7.5.3 Key Market Trends, Growth Factors and Opportunities
āā7.5.4 Natural Gas: Grographic Segmentation
ā7.6 Others
āā7.6.1 Introduction and Market Overview
āā7.6.2 Historic and Forecasted Market Size (2016-2028F)
āā7.6.3 Key Market Trends, Growth Factors and Opportunities
āā7.6.4 Others: Grographic Segmentation
Chapter 8: Company Profiles and Competitive Analysis
ā8.1 Competitive Landscape
āā8.1.1 Competitive Positioning
āā8.1.2 Used Vehicle Sales and Market Share By Players
āā8.1.3 Industry BCG Matrix
āā8.1.4 Ansoff Matrix
āā8.1.5 Used Vehicle Industry Concentration Ratio (CR5 and HHI)
āā8.1.6 Top 5 Used Vehicle Players Market Share
āā8.1.7 Mergers and Acquisitions
āā8.1.8 Business Strategies By Top Players
ā8.2 ALIBABA GROUP
āā8.2.1 Company Overview
āā8.2.2 Key Executives
āā8.2.3 Company Snapshot
āā8.2.4 Operating Business Segments
āā8.2.5 Product Portfolio
āā8.2.6 Business Performance
āā8.2.7 Key Strategic Moves and Recent Developments
āā8.2.8 SWOT Analysis
ā8.3 VROOM
ā8.4 OLX
ā8.5 CARS24
ā8.6 AUTOTRADER (COX AUTOMOTIVE)
ā8.7 TRUECAR
ā8.8 TRUEVALUE
ā8.9 FIRST CHOICE
ā8.10 MARUTI SUZUKI INDIA LTD.
ā8.11 PENSKECARS (PENSKE AUTOMOTIVE GROUP)
ā8.12 QUIKR
ā8.13 MAHINDRA FIRST CHOICE
ā8.14 GROUP 1 AUTOMOTIVE INC.
ā8.15 ASBURY AUTOMOTIVE GROUP
ā8.16 HENDRICK AUTOMOTIVE GROUP
ā8.17 AUTONATION INC.
ā8.18 LITHIA MOTOR INC.
ā8.19 EBAY
ā8.20 CARMAX BUSINESS SERVICES LLC.
ā8.21 SCOUT24 AG
ā8.22 COX AUTOMOTIVE
ā8.23 SUN TOYOTA
ā8.24 OTHER MAJOR PLAYERS
Chapter 9: Global Used Vehicle Market Analysis, Insights and Forecast, 2016-2028
ā9.1 Market Overview
ā9.2 Historic and Forecasted Market Size By Type
āā9.2.1 Passenger Car
āā9.2.2 Light Commercial Vehicle
āā9.2.3 Heavy Commercial Vehicle
ā9.3 Historic and Forecasted Market Size By Vehicle Age
āā9.3.1 0-5
āā9.3.2 6-10
āā9.3.3 11-15
āā9.3.4 15 Years & Above
ā9.4 Historic and Forecasted Market Size By Fuel Type
āā9.4.1 Petrol
āā9.4.2 Diesel
āā9.4.3 Natural Gas
āā9.4.4 Others
Chapter 10: North America Used Vehicle Market Analysis, Insights and Forecast, 2016-2028
ā10.1 Key Market Trends, Growth Factors and Opportunities
ā10.2 Impact of Covid-19
ā10.3 Key Players
ā10.4 Key Market Trends, Growth Factors and Opportunities
ā10.4 Historic and Forecasted Market Size By Type
āā10.4.1 Passenger Car
āā10.4.2 Light Commercial Vehicle
āā10.4.3 Heavy Commercial Vehicle
ā10.5 Historic and Forecasted Market Size By Vehicle Age
āā10.5.1 0-5
āā10.5.2 6-10
āā10.5.3 11-15
āā10.5.4 15 Years & Above
ā10.6 Historic and Forecasted Market Size By Fuel Type
āā10.6.1 Petrol
āā10.6.2 Diesel
āā10.6.3 Natural Gas
āā10.6.4 Others
ā10.7 Historic and Forecast Market Size by Country
āā10.7.1 U.S.
āā10.7.2 Canada
āā10.7.3 Mexico
Chapter 11: Europe Used Vehicle Market Analysis, Insights and Forecast, 2016-2028
ā11.1 Key Market Trends, Growth Factors and Opportunities
ā11.2 Impact of Covid-19
ā11.3 Key Players
ā11.4 Key Market Trends, Growth Factors and Opportunities
ā11.4 Historic and Forecasted Market Size By Type
āā11.4.1 Passenger Car
āā11.4.2 Light Commercial Vehicle
āā11.4.3 Heavy Commercial Vehicle
ā11.5 Historic and Forecasted Market Size By Vehicle Age
āā11.5.1 0-5
āā11.5.2 6-10
āā11.5.3 11-15
āā11.5.4 15 Years & Above
ā11.6 Historic and Forecasted Market Size By Fuel Type
āā11.6.1 Petrol
āā11.6.2 Diesel
āā11.6.3 Natural Gas
āā11.6.4 Others
ā11.7 Historic and Forecast Market Size by Country
āā11.7.1 Germany
āā11.7.2 U.K.
āā11.7.3 France
āā11.7.4 Italy
āā11.7.5 Russia
āā11.7.6 Spain
āā11.7.7 Rest of Europe
Chapter 12: Asia-Pacific Used Vehicle Market Analysis, Insights and Forecast, 2016-2028
ā12.1 Key Market Trends, Growth Factors and Opportunities
ā12.2 Impact of Covid-19
ā12.3 Key Players
ā12.4 Key Market Trends, Growth Factors and Opportunities
ā12.4 Historic and Forecasted Market Size By Type
āā12.4.1 Passenger Car
āā12.4.2 Light Commercial Vehicle
āā12.4.3 Heavy Commercial Vehicle
ā12.5 Historic and Forecasted Market Size By Vehicle Age
āā12.5.1 0-5
āā12.5.2 6-10
āā12.5.3 11-15
āā12.5.4 15 Years & Above
ā12.6 Historic and Forecasted Market Size By Fuel Type
āā12.6.1 Petrol
āā12.6.2 Diesel
āā12.6.3 Natural Gas
āā12.6.4 Others
ā12.7 Historic and Forecast Market Size by Country
āā12.7.1 China
āā12.7.2 India
āā12.7.3 Japan
āā12.7.4 Singapore
āā12.7.5 Australia
āā12.7.6 New Zealand
āā12.7.7 Rest of APAC
Chapter 13: Middle East & Africa Used Vehicle Market Analysis, Insights and Forecast, 2016-2028
ā13.1 Key Market Trends, Growth Factors and Opportunities
ā13.2 Impact of Covid-19
ā13.3 Key Players
ā13.4 Key Market Trends, Growth Factors and Opportunities
ā13.4 Historic and Forecasted Market Size By Type
āā13.4.1 Passenger Car
āā13.4.2 Light Commercial Vehicle
āā13.4.3 Heavy Commercial Vehicle
ā13.5 Historic and Forecasted Market Size By Vehicle Age
āā13.5.1 0-5
āā13.5.2 6-10
āā13.5.3 11-15
āā13.5.4 15 Years & Above
ā13.6 Historic and Forecasted Market Size By Fuel Type
āā13.6.1 Petrol
āā13.6.2 Diesel
āā13.6.3 Natural Gas
āā13.6.4 Others
ā13.7 Historic and Forecast Market Size by Country
āā13.7.1 Turkey
āā13.7.2 Saudi Arabia
āā13.7.3 Iran
āā13.7.4 UAE
āā13.7.5 Africa
āā13.7.6 Rest of MEA
Chapter 14: South America Used Vehicle Market Analysis, Insights and Forecast, 2016-2028
ā14.1 Key Market Trends, Growth Factors and Opportunities
ā14.2 Impact of Covid-19
ā14.3 Key Players
ā14.4 Key Market Trends, Growth Factors and Opportunities
ā14.4 Historic and Forecasted Market Size By Type
āā14.4.1 Passenger Car
āā14.4.2 Light Commercial Vehicle
āā14.4.3 Heavy Commercial Vehicle
ā14.5 Historic and Forecasted Market Size By Vehicle Age
āā14.5.1 0-5
āā14.5.2 6-10
āā14.5.3 11-15
āā14.5.4 15 Years & Above
ā14.6 Historic and Forecasted Market Size By Fuel Type
āā14.6.1 Petrol
āā14.6.2 Diesel
āā14.6.3 Natural Gas
āā14.6.4 Others
ā14.7 Historic and Forecast Market Size by Country
āā14.7.1 Brazil
āā14.7.2 Argentina
āā14.7.3 Rest of SA
Chapter 15 Investment Analysis
Chapter 16 Analyst Viewpoint and Conclusion
Global Used Vehicle Market |
|||
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1147.89 Bn. |
Forecast Period 2024-32 CAGR: |
8.59% |
Market Size in 2032: |
USD 2409.95 Bn. |
Segments Covered: |
By Type |
|
|
By Vehicle Age |
|
||
By Fuel Type |
|
||
By Region |
|
||
Key Market Drivers: |
|
||
Key Market Restraints: |
|
||
Key Opportunities: |
|
||
Companies Covered in the report: |
|
LIST OF TABLES
TABLE 001. EXECUTIVE SUMMARY
TABLE 002. USED VEHICLE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. USED VEHICLE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. USED VEHICLE MARKET COMPETITIVE RIVALRY
TABLE 005. USED VEHICLE MARKET THREAT OF NEW ENTRANTS
TABLE 006. USED VEHICLE MARKET THREAT OF SUBSTITUTES
TABLE 007. USED VEHICLE MARKET BY TYPE
TABLE 008. PASSENGER CAR MARKET OVERVIEW (2016-2028)
TABLE 009. LIGHT COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 010. HEAVY COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
TABLE 011. USED VEHICLE MARKET BY VEHICLE AGE
TABLE 012. 0-5 MARKET OVERVIEW (2016-2028)
TABLE 013. 6-10 MARKET OVERVIEW (2016-2028)
TABLE 014. 11-15 MARKET OVERVIEW (2016-2028)
TABLE 015. 15 YEARS & ABOVE MARKET OVERVIEW (2016-2028)
TABLE 016. USED VEHICLE MARKET BY FUEL TYPE
TABLE 017. PETROL MARKET OVERVIEW (2016-2028)
TABLE 018. DIESEL MARKET OVERVIEW (2016-2028)
TABLE 019. NATURAL GAS MARKET OVERVIEW (2016-2028)
TABLE 020. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 021. NORTH AMERICA USED VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 022. NORTH AMERICA USED VEHICLE MARKET, BY VEHICLE AGE (2016-2028)
TABLE 023. NORTH AMERICA USED VEHICLE MARKET, BY FUEL TYPE (2016-2028)
TABLE 024. N USED VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 025. EUROPE USED VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 026. EUROPE USED VEHICLE MARKET, BY VEHICLE AGE (2016-2028)
TABLE 027. EUROPE USED VEHICLE MARKET, BY FUEL TYPE (2016-2028)
TABLE 028. USED VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 029. ASIA PACIFIC USED VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 030. ASIA PACIFIC USED VEHICLE MARKET, BY VEHICLE AGE (2016-2028)
TABLE 031. ASIA PACIFIC USED VEHICLE MARKET, BY FUEL TYPE (2016-2028)
TABLE 032. USED VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 033. MIDDLE EAST & AFRICA USED VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 034. MIDDLE EAST & AFRICA USED VEHICLE MARKET, BY VEHICLE AGE (2016-2028)
TABLE 035. MIDDLE EAST & AFRICA USED VEHICLE MARKET, BY FUEL TYPE (2016-2028)
TABLE 036. USED VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 037. SOUTH AMERICA USED VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 038. SOUTH AMERICA USED VEHICLE MARKET, BY VEHICLE AGE (2016-2028)
TABLE 039. SOUTH AMERICA USED VEHICLE MARKET, BY FUEL TYPE (2016-2028)
TABLE 040. USED VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 041. ALIBABA GROUP: SNAPSHOT
TABLE 042. ALIBABA GROUP: BUSINESS PERFORMANCE
TABLE 043. ALIBABA GROUP: PRODUCT PORTFOLIO
TABLE 044. ALIBABA GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 044. VROOM: SNAPSHOT
TABLE 045. VROOM: BUSINESS PERFORMANCE
TABLE 046. VROOM: PRODUCT PORTFOLIO
TABLE 047. VROOM: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 047. OLX: SNAPSHOT
TABLE 048. OLX: BUSINESS PERFORMANCE
TABLE 049. OLX: PRODUCT PORTFOLIO
TABLE 050. OLX: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. CARS24: SNAPSHOT
TABLE 051. CARS24: BUSINESS PERFORMANCE
TABLE 052. CARS24: PRODUCT PORTFOLIO
TABLE 053. CARS24: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. AUTOTRADER (COX AUTOMOTIVE): SNAPSHOT
TABLE 054. AUTOTRADER (COX AUTOMOTIVE): BUSINESS PERFORMANCE
TABLE 055. AUTOTRADER (COX AUTOMOTIVE): PRODUCT PORTFOLIO
TABLE 056. AUTOTRADER (COX AUTOMOTIVE): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. TRUECAR: SNAPSHOT
TABLE 057. TRUECAR: BUSINESS PERFORMANCE
TABLE 058. TRUECAR: PRODUCT PORTFOLIO
TABLE 059. TRUECAR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. TRUEVALUE: SNAPSHOT
TABLE 060. TRUEVALUE: BUSINESS PERFORMANCE
TABLE 061. TRUEVALUE: PRODUCT PORTFOLIO
TABLE 062. TRUEVALUE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. FIRST CHOICE: SNAPSHOT
TABLE 063. FIRST CHOICE: BUSINESS PERFORMANCE
TABLE 064. FIRST CHOICE: PRODUCT PORTFOLIO
TABLE 065. FIRST CHOICE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. MARUTI SUZUKI INDIA LTD.: SNAPSHOT
TABLE 066. MARUTI SUZUKI INDIA LTD.: BUSINESS PERFORMANCE
TABLE 067. MARUTI SUZUKI INDIA LTD.: PRODUCT PORTFOLIO
TABLE 068. MARUTI SUZUKI INDIA LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. PENSKECARS (PENSKE AUTOMOTIVE GROUP): SNAPSHOT
TABLE 069. PENSKECARS (PENSKE AUTOMOTIVE GROUP): BUSINESS PERFORMANCE
TABLE 070. PENSKECARS (PENSKE AUTOMOTIVE GROUP): PRODUCT PORTFOLIO
TABLE 071. PENSKECARS (PENSKE AUTOMOTIVE GROUP): KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. QUIKR: SNAPSHOT
TABLE 072. QUIKR: BUSINESS PERFORMANCE
TABLE 073. QUIKR: PRODUCT PORTFOLIO
TABLE 074. QUIKR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. MAHINDRA FIRST CHOICE: SNAPSHOT
TABLE 075. MAHINDRA FIRST CHOICE: BUSINESS PERFORMANCE
TABLE 076. MAHINDRA FIRST CHOICE: PRODUCT PORTFOLIO
TABLE 077. MAHINDRA FIRST CHOICE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. GROUP 1 AUTOMOTIVE INC.: SNAPSHOT
TABLE 078. GROUP 1 AUTOMOTIVE INC.: BUSINESS PERFORMANCE
TABLE 079. GROUP 1 AUTOMOTIVE INC.: PRODUCT PORTFOLIO
TABLE 080. GROUP 1 AUTOMOTIVE INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. ASBURY AUTOMOTIVE GROUP: SNAPSHOT
TABLE 081. ASBURY AUTOMOTIVE GROUP: BUSINESS PERFORMANCE
TABLE 082. ASBURY AUTOMOTIVE GROUP: PRODUCT PORTFOLIO
TABLE 083. ASBURY AUTOMOTIVE GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 083. HENDRICK AUTOMOTIVE GROUP: SNAPSHOT
TABLE 084. HENDRICK AUTOMOTIVE GROUP: BUSINESS PERFORMANCE
TABLE 085. HENDRICK AUTOMOTIVE GROUP: PRODUCT PORTFOLIO
TABLE 086. HENDRICK AUTOMOTIVE GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 086. AUTONATION INC.: SNAPSHOT
TABLE 087. AUTONATION INC.: BUSINESS PERFORMANCE
TABLE 088. AUTONATION INC.: PRODUCT PORTFOLIO
TABLE 089. AUTONATION INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 089. LITHIA MOTOR INC.: SNAPSHOT
TABLE 090. LITHIA MOTOR INC.: BUSINESS PERFORMANCE
TABLE 091. LITHIA MOTOR INC.: PRODUCT PORTFOLIO
TABLE 092. LITHIA MOTOR INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 092. EBAY: SNAPSHOT
TABLE 093. EBAY: BUSINESS PERFORMANCE
TABLE 094. EBAY: PRODUCT PORTFOLIO
TABLE 095. EBAY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 095. CARMAX BUSINESS SERVICES LLC.: SNAPSHOT
TABLE 096. CARMAX BUSINESS SERVICES LLC.: BUSINESS PERFORMANCE
TABLE 097. CARMAX BUSINESS SERVICES LLC.: PRODUCT PORTFOLIO
TABLE 098. CARMAX BUSINESS SERVICES LLC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 098. SCOUT24 AG: SNAPSHOT
TABLE 099. SCOUT24 AG: BUSINESS PERFORMANCE
TABLE 100. SCOUT24 AG: PRODUCT PORTFOLIO
TABLE 101. SCOUT24 AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 101. COX AUTOMOTIVE: SNAPSHOT
TABLE 102. COX AUTOMOTIVE: BUSINESS PERFORMANCE
TABLE 103. COX AUTOMOTIVE: PRODUCT PORTFOLIO
TABLE 104. COX AUTOMOTIVE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 104. SUN TOYOTA: SNAPSHOT
TABLE 105. SUN TOYOTA: BUSINESS PERFORMANCE
TABLE 106. SUN TOYOTA: PRODUCT PORTFOLIO
TABLE 107. SUN TOYOTA: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 107. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 108. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 109. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 110. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS
LIST OF FIGURES
FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. USED VEHICLE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. USED VEHICLE MARKET OVERVIEW BY TYPE
FIGURE 012. PASSENGER CAR MARKET OVERVIEW (2016-2028)
FIGURE 013. LIGHT COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 014. HEAVY COMMERCIAL VEHICLE MARKET OVERVIEW (2016-2028)
FIGURE 015. USED VEHICLE MARKET OVERVIEW BY VEHICLE AGE
FIGURE 016. 0-5 MARKET OVERVIEW (2016-2028)
FIGURE 017. 6-10 MARKET OVERVIEW (2016-2028)
FIGURE 018. 11-15 MARKET OVERVIEW (2016-2028)
FIGURE 019. 15 YEARS & ABOVE MARKET OVERVIEW (2016-2028)
FIGURE 020. USED VEHICLE MARKET OVERVIEW BY FUEL TYPE
FIGURE 021. PETROL MARKET OVERVIEW (2016-2028)
FIGURE 022. DIESEL MARKET OVERVIEW (2016-2028)
FIGURE 023. NATURAL GAS MARKET OVERVIEW (2016-2028)
FIGURE 024. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 025. NORTH AMERICA USED VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 026. EUROPE USED VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. ASIA PACIFIC USED VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. MIDDLE EAST & AFRICA USED VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. SOUTH AMERICA USED VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
Frequently Asked Questions :
The forecast period in the Used Vehicle Market research report is 2024-2032.
Alibaba Group, Vroom, OLX, Cars24, Autotrader (Cox Automotive), TrueCar, Truevalue, First choice, Maruti Suzuki India Ltd., PenskeCars (Penske Automotive Group), Quikr, Mahindra First Choice, Group 1 Automotive Inc., Asbury Automotive Group, Hendrick Automotive Group, AutoNation Inc., LITHIA Motor Inc., eBay, CarMax Business Services LLC., Scout24 AG, Cox Automotive, Sun Toyota, and other major players.
The Used Vehicle Market is segmented into Type, Vehicle Age, Fuel Type, and region. By Type, the market is categorized into Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle. By Vehicle Age, the market is categorized into 0-5, 6-10, 11-15, 15 Years & Above. By Fuel Type, the market is categorized into Petrol, Diesel, Natural Gas, Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
A used car, a pre-owned vehicle, or a second-hand car, is a vehicle that has previously had one or more retail owners. Used cars are sold through a variety of outlets, including franchise and independent car dealers, rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales.
Global Used Vehicle Market size is expected to grow from USD 1147.89 Million in 2023 to USD 2409.95 Million by 2032, at a CAGR of 8.59% during the forecast period (2024-2032)