Used Car Market size was valued at USD 1148.63 Bn. in 2023 and the total revenue is expected to grow at 8.4% of CAGR through 2024 to 2030, reaching nearly USD 2059.62 Bn.Used Car Market Overview:
The used cars market size is expected to reach USD 2059.62 Bn in 2030. Used car market is going through huge technical transformation with the adoption of digital technology and the application of artificial intelligence to enhance the online shopping experience. Adoption of advanced technologies is expected to drive the used car market in forecast period. The market is also being influenced by other elements including local culture, certified vehicle programs, owner buyer transparency and developed or underdeveloped economy. The growing adoption of used electric and hybrid cars have become one of the major trends used car market in the last few years and is going to be a major segment in forecast period. The increased number of new Electric Vehicles (EVs) and hybrid cars have registered over the last few years is hampering the market growth. For instance, European countries such as Germany, the U.K., Spain, and Austria have witnessed significant volume sales of petrol, EVs, and hybrid vehicles.To know about the Research Methodology :- Request Free Sample Report
Research Methodology
Primary and secondary data collection methods were used to collect data. Primary interviews with experts in industries and suppliers have been conducted to understand and validate the key findings of report. Primary respondents include representatives from used car platforms and companies across the world. From secondary sources such as the EAMA, and paid databases such as Marklines, and other directories, and others. Details list of sources is given in the report wherever internal data is not used. The market size has been calculated using a bottom-up approach based on volume. At the regional level, primary and secondary sources have been used to calculate the estimated installation rate of advanced technologies. The market size in terms of value is calculated by multiplying the market size in terms of volume by the projected average OE price of used car local as well as major key players in the market.Used Car Market Dynamics:
High preference to the used car compared to car The cost of ownership of the pre-owned car is significantly less in comparison to a new one, due to high taxes, RTO registration fees, and expensive vehicle insurance. Small towns are expected to fuel this growth as the share of non-metro cites in used vehicle sales is expected to increase up to 70% from the current next 4-5 years. Compared to pre-COVID levels the demand for a pre-owned car is decreased up to 20-30% after the unlocking in 2020. The report has covered the region wise and country wise market dynamics for used car since dynamics are different in developed economies, developing economies and under developed economies. Online sale channel to boosts the market growth The growth of online sales channels has also influenced the overall consumption of used cars. Industry accounts for a small portion of total used car sales, online automotive retailing has significant growth potential. Furthermore, auto dealers use their websites as a sales and marketing generation channel to direct buyers to the showroom floor, where they complete the purchase. Consumers are now looking for e-commerce options for their entire purchases. Furthermore, the number of digital sellers, such as Vroom, Carvana Inc., eBay Motors, and Shift Technologies Inc., that specifically cater to online vehicle buyers is increasing, increasing market competitiveness. Strict regulations by the government to hamper the used car market growth Sales of secondhand cars are expected to fall as a result of stricter government restrictions in many countries, regarding passenger safety. The market face difficulties in growing since consumers are becoming choosier about their purchases. Due to an increase in the frequency of traffic accidents and the number of individuals dying because of lack of airbags and other safety equipment, safety concerns have grown dramatically in recent years. Regulations like those in place in the US have forced automakers to equip their vehicles with stronger safety measures. As a result, used cars are now more expensive, which may discourage buyers from buying them. Aside from this, the majority of Asia-Pacific and Latin American nations, particularly India, Brazil, China, and Argentina, have enormous inventories of old cars that are devoid of essential safety features like airbags. As a result, customers who are primarily concerned with safety are likely to keep away from secondhand cars even when their market value appears to be attractive.Used Car Market Segment Analysis:
By vehicle type, based on vehicle type SUV segment is expected to dominate the market with xx% of CAGR. SUVs (sports utility vehicles) are slowly gaining traction in the used car market after performing well in the new car market. The share of SUVs in Maruti Suzuki's True Value increased marginally from 5-6% to 17% in the last year in India. The report has covered the analysis of local market by country with market size and share of local organized players. The company, which only sells luxury used cars, saw a nearly 16% increase in volume in FY22, with SUV sales significantly outpacing sedan sales. Pre-owned car sales are expected to reach 4.2-4.4 million units in FY22, up from 3.8 million units in FY21. According to MMR Survey, India's used car market is expected to have 7 million vehicles by FY26. According to CARS24, the market will be valued at $50 billion by FY25 from $25 billion in FY21. SUVs are considered ideal drives by buyers in various regions today because they provide space and size while remaining compact compared to off-road vehicles. With high demand and a larger supply network, the market's replacement cost for SUVs is now higher. The European region has seen significant demand traction for used SUVs.By Fuel Type, based on fuel type, the petrol sector held the largest part of the global used car market. This is due to the lower cost, lower engine noise compared to diesel, and greater market availability. However, the other segment is expected to grow at the fastest rate of 10.0% between 2024 and 2030 thanks to increased emission standards, increased government subsidies and policies, and a shift toward green mobility. OLX, one of India's largest used car platforms, has forecast a high number of 6.6 million used cars in the Indian market. There are numerous used cars on the market right now. The used car market includes all types of vehicles from various manufacturers. However, according to OLX data, there is a high demand for a certain number of used cars in the Indian market.
Based on distribution channel, based on distribution channel online segment held major market share in 2023. A number of companies have been experimenting with online sales to provide their customers with a better online experience, including improved price transparency, the convenience of buying from home, and a digital payment method. For instance, Carlos Tavares, CEO of PSA Group, indicated in February 2019 that the company wants to increase online sales by more than 1,500% by the end of 2022, from 6,000 units in 2018. Volkswagen is also launching a new IT infrastructure at the same time as its new line of electric vehicles, which will greatly facilitate online automobile sales. Additionally, Britta Seeger, the board member in charge of Daimler's marketing and sales, declared in June 2019 that the OEM will sell 25% of its vehicles. Online sales are being focused in a few European markets by automakers like Dacia, Volvo, Hyundai, Jaguar, Alpine, Mitsubishi, BMW, Land Rover, and Mini. The customer experiences these online stores and platforms provide need to be enhanced, as adoption of them is currently quite low. For instance, Hyundai and Audi only produce a tiny number of online-only versions. Many others either only allow new cars to be purchased or do not offer a trade-in option. Additionally, the online sales share for the majority of OEMs is currently small and is expected to increase soon. The position of the buyer in the market has changed as a result of technological developments such as the creation of the internet, the use of e-commerce websites and applications to increase demand for goods and services, and the advent of hybrid and electric vehicles. Consumers are learning more about the vehicle, on-road price of new automobiles, residual value, third-party profit margin, and others for pre-owned vehicles with the aid of online technology. Furthermore, improvements in the telecom sector, internet connectivity, and rising urbanization have made it possible for people to access information much more effectively. these factors are driving the market.
Used Car Market Regional Insights:
Asia pacific dominated the market in 2023 thanks to the higher demand and companies’ facilities for used cars in the region. China has increased its market share in the Asian market as a result of the expansion of organized businesses offering used automobile trading services in the Asia Pacific area. The demand for old cars in China had increased significantly. From 178 billion yuan in 2010 to approximately 1,132 billion yuan in 2022, used automobile sales revenue has been increasing over the past few years. This six-fold increase highlights the impressive rise in used-car demand in China. More than 60% of traded-in used cars were passenger cars. The used car market has steadily increased its share of the total Chinese auto market year over year due to this growth. In China, 19.7 million new automobiles were registered in 2020 compared to 14.3 million used cars that were sold. In China, organized dealerships, unorganized, independent dealerships, and online marketplaces like Guazi.com, Uxin Group (xin.com), Renreche (renrenche.com), Souche.com, and others are the main sources for used automobile sales. Some Indian car dealers offer a wide range of cutting-edge technology-enabled solutions, such as mobile applications, an online showroom that functions as a virtual showroom, cloud services for lead management systems, the ability to track sales performance, and assistance with digital marketing. Additionally, the level of development in the Indian used automobile market offers the customer base fantastic potential. OLX, Mahindra First Choice Wheels, CARS24, Maruti True Value, and Hyundai H Promise. These are some of the major key players in Indian market. Indonesia, Malaysia, Indonesia, South Korea, and other developing nations in the area have demonstrated tremendous market potential. The objective of the report is to present a comprehensive analysis of the Global Used Car Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.Global Used Car Market Scope: Inquire before buying
Global Used Car Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: US $ 1148.63 Bn. Forecast Period 2024 to 2030 CAGR: 8.4% Market Size in 2030: US $ 2059.62Bn. Segments Covered: by Vehicle Type Hatchback Sedan SUV by Fuel Type Petrol Diesel Others by Distribution Channel Online Offline by Vendor Type Organized Unorganized Used Car Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Used Car Market, Key Players are
1. Asbury Automotive Group (US) 2. AutoNation Inc.(US) 3. CarMax Business Services, LLC(US) 4. Cox Automotive(US) 5. eBay Inc.(US) 6. Vroom Inc(US) 7. Group 1 Automotive Inc.(US) 8. Hendrick Automotive Group(US) 9. LITHIA Motor Inc.(US) 10. TrueCar, Inc.(US) 11. Sonic Automotive(US) 12. Droom Technology (India) 13. Trusty Cars Pte. Ltd (UK) 14. Alibaba.com (China) 15. Scout24 AG (Germany) Frequently Asked Questions: 1. What is the forecast period considered for the Global Used Car Market report? Ans. The forecast period for the Global Used Car Market is 2024-2030. 2. Which key factors are hindering the growth of the Global Used Car Market? Ans. Government regulations are hindering the market growth. 3. What is the compound annual growth rate (CAGR) of the Global Used Car Market for the forecast period? Ans. 8.4% of CAGR is the annual growth rate of the global used car market. 4. What are the key factors driving the growth of the Global Used Car Market? Ans. Online seal of used car is the driving the market growth. 5. Which are the worldwide major key players covered for the Global Used Car Market report? Ans. Alibaba.com, Asbury Automotive Group, AutoNation Inc., CarMax Business Services, LLC, Cox Automotive, eBay Inc.
1. Used Car Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Used Car Market: Dynamics 2.1. Used Car Market Trends 2.2. Used Car Market Dynamics 2.2.1. Drivers 2.2.2. Restraints 2.2.3. Opportunities 2.2.4. Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis for Used Car Industry 2.8. Analysis of Government Schemes and Initiatives for Used Car Industry 2.9. Used Car Market Trade Analysis 2.10. The Global Pandemic Impact on Used Car Market 2.11. Demand for Used Car 3. Used Car Market: Global Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 3.1. Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 3.1.1. Hatchback 3.1.2. Sedan 3.1.3. SUV 3.2. Used Car Market Size and Forecast, by Fuel Type (2023-2030) 3.2.1. Petrol 3.2.2. Diesel 3.2.3. Others 3.3. Used Car Market Size and Forecast, by Vendor Type (2023-2030) 3.3.1. Organized 3.3.2. Unorganized 3.4. Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 3.4.1. Online 3.4.2. Offline 3.5. Used Car Market Size and Forecast, by Region (2023-2030) 3.5.1. North America 3.5.2. Europe 3.5.3. Asia Pacific 3.5.4. Middle East and Africa 3.5.5. South America 4. North America Used Car Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 4.1. North America Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 4.1.1. Hatchback 4.1.2. Sedan 4.1.3. SUV 4.2. North America Used Car Market Size and Forecast, by Fuel Type (2023-2030) 4.2.1. Petrol 4.2.2. Diesel 4.2.3. Others 4.3. North America Used Car Market Size and Forecast, by Vendor Type (2023-2030) 4.3.1. Organized 4.3.2. Unorganized 4.4. North America Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 4.4.1. Online 4.4.2. Offline 4.5. North America Used Car Market Size and Forecast, by Country (2023-2030) 4.5.1. United States 4.5.1.1. United States Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 4.5.1.1.1. Hatchback 4.5.1.1.2. Sedan 4.5.1.1.3. SUV 4.5.1.2. United States Used Car Market Size and Forecast, by Fuel Type (2023-2030) 4.5.1.2.1. Petrol 4.5.1.2.2. Diesel 4.5.1.2.3. Others 4.5.1.3. United States Used Car Market Size and Forecast, by Vendor Type (2023-2030) 4.5.1.3.1. Organized 4.5.1.3.2. Unorganized 4.5.1.4. United States Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 4.5.1.4.1. Online 4.5.1.4.2. Offline 4.5.2. Canada 4.5.2.1. Canada Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 4.5.2.1.1. Hatchback 4.5.2.1.2. Sedan 4.5.2.1.3. SUV 4.5.2.2. Canada Used Car Market Size and Forecast, by Fuel Type (2023-2030) 4.5.2.2.1. Petrol 4.5.2.2.2. Diesel 4.5.2.2.3. Others 4.5.2.3. Canada Used Car Market Size and Forecast, by Vendor Type (2023-2030) 4.5.2.3.1. Organized 4.5.2.3.2. Unorganized 4.5.2.4. Canada Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 4.5.2.4.1. Online 4.5.2.4.2. Offline 4.5.3. Mexico 4.5.3.1. Mexico Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 4.5.3.1.1. Hatchback 4.5.3.1.2. Sedan 4.5.3.1.3. SUV 4.5.3.2. Mexico Used Car Market Size and Forecast, by Fuel Type (2023-2030) 4.5.3.2.1. Petrol 4.5.3.2.2. Diesel 4.5.3.2.3. Others 4.5.3.3. Mexico Used Car Market Size and Forecast, by Vendor Type (2023-2030) 4.5.3.3.1. Organized 4.5.3.3.2. Unorganized 4.5.3.4. Mexico Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 4.5.3.4.1. Online 4.5.3.4.2. Offline 5. Europe Used Car Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 5.1. Europe Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 5.2. Europe Used Car Market Size and Forecast, by Fuel Type (2023-2030) 5.3. Europe Used Car Market Size and Forecast, by Vendor Type (2023-2030) 5.4. Europe Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 5.5. Europe Used Car Market Size and Forecast, by Country (2023-2030) 5.5.1. United Kingdom 5.5.1.1. United Kingdom Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 5.5.1.2. United Kingdom Used Car Market Size and Forecast, by Fuel Type (2023-2030) 5.5.1.3. United Kingdom Used Car Market Size and Forecast, by Vendor Type (2023-2030) 5.5.1.4. United Kingdom Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 5.5.2. France 5.5.2.1. France Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 5.5.2.2. France Used Car Market Size and Forecast, by Fuel Type (2023-2030) 5.5.2.3. France Used Car Market Size and Forecast, by Vendor Type (2023-2030) 5.5.2.4. France Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 5.5.3. Germany 5.5.3.1. Germany Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 5.5.3.2. Germany Used Car Market Size and Forecast, by Fuel Type (2023-2030) 5.5.3.3. Germany Used Car Market Size and Forecast, by Vendor Type (2023-2030) 5.5.3.4. Germany Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 5.5.4. Italy 5.5.4.1. Italy Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 5.5.4.2. Italy Used Car Market Size and Forecast, by Fuel Type (2023-2030) 5.5.4.3. Italy Used Car Market Size and Forecast, by Vendor Type (2023-2030) 5.5.4.4. Italy Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 5.5.5. Spain 5.5.5.1. Spain Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 5.5.5.2. Spain Used Car Market Size and Forecast, by Fuel Type (2023-2030) 5.5.5.3. Spain Used Car Market Size and Forecast, by Vendor Type (2023-2030) 5.5.5.4. Spain Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 5.5.6. Sweden 5.5.6.1. Sweden Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 5.5.6.2. Sweden Used Car Market Size and Forecast, by Fuel Type (2023-2030) 5.5.6.3. Sweden Used Car Market Size and Forecast, by Vendor Type (2023-2030) 5.5.6.4. Sweden Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 5.5.7. Austria 5.5.7.1. Austria Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 5.5.7.2. Austria Used Car Market Size and Forecast, by Fuel Type (2023-2030) 5.5.7.3. Austria Used Car Market Size and Forecast, by Vendor Type (2023-2030) 5.5.7.4. Austria Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 5.5.8. Rest of Europe 5.5.8.1. Rest of Europe Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 5.5.8.2. Rest of Europe Used Car Market Size and Forecast, by Fuel Type (2023-2030) 5.5.8.3. Rest of Europe Used Car Market Size and Forecast, by Vendor Type (2023-2030) 5.5.8.4. Rest of Europe Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 6. Asia Pacific Used Car Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 6.1. Asia Pacific Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 6.2. Asia Pacific Used Car Market Size and Forecast, by Fuel Type (2023-2030) 6.3. Asia Pacific Used Car Market Size and Forecast, by Vendor Type (2023-2030) 6.4. Asia Pacific Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 6.5. Asia Pacific Used Car Market Size and Forecast, by Country (2023-2030) 6.5.1. China 6.5.1.1. China Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.1.2. China Used Car Market Size and Forecast, by Fuel Type (2023-2030) 6.5.1.3. China Used Car Market Size and Forecast, by Vendor Type (2023-2030) 6.5.1.4. China Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 6.5.2. S Korea 6.5.2.1. S Korea Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.2.2. S Korea Used Car Market Size and Forecast, by Fuel Type (2023-2030) 6.5.2.3. S Korea Used Car Market Size and Forecast, by Vendor Type (2023-2030) 6.5.2.4. S Korea Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 6.5.3. Japan 6.5.3.1. Japan Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.3.2. Japan Used Car Market Size and Forecast, by Fuel Type (2023-2030) 6.5.3.3. Japan Used Car Market Size and Forecast, by Vendor Type (2023-2030) 6.5.3.4. Japan Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 6.5.4. India 6.5.4.1. India Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.4.2. India Used Car Market Size and Forecast, by Fuel Type (2023-2030) 6.5.4.3. India Used Car Market Size and Forecast, by Vendor Type (2023-2030) 6.5.4.4. India Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 6.5.5. Australia 6.5.5.1. Australia Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.5.2. Australia Used Car Market Size and Forecast, by Fuel Type (2023-2030) 6.5.5.3. Australia Used Car Market Size and Forecast, by Vendor Type (2023-2030) 6.5.5.4. Australia Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 6.5.6. Indonesia 6.5.6.1. Indonesia Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.6.2. Indonesia Used Car Market Size and Forecast, by Fuel Type (2023-2030) 6.5.6.3. Indonesia Used Car Market Size and Forecast, by Vendor Type (2023-2030) 6.5.6.4. Indonesia Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 6.5.7. Malaysia 6.5.7.1. Malaysia Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.7.2. Malaysia Used Car Market Size and Forecast, by Fuel Type (2023-2030) 6.5.7.3. Malaysia Used Car Market Size and Forecast, by Vendor Type (2023-2030) 6.5.7.4. Malaysia Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 6.5.8. Vietnam 6.5.8.1. Vietnam Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.8.2. Vietnam Used Car Market Size and Forecast, by Fuel Type (2023-2030) 6.5.8.3. Vietnam Used Car Market Size and Forecast, by Vendor Type (2023-2030) 6.5.8.4. Vietnam Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 6.5.9. Taiwan 6.5.9.1. Taiwan Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.9.2. Taiwan Used Car Market Size and Forecast, by Fuel Type (2023-2030) 6.5.9.3. Taiwan Used Car Market Size and Forecast, by Vendor Type (2023-2030) 6.5.9.4. Taiwan Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 6.5.10. Rest of Asia Pacific 6.5.10.1. Rest of Asia Pacific Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 6.5.10.2. Rest of Asia Pacific Used Car Market Size and Forecast, by Fuel Type (2023-2030) 6.5.10.3. Rest of Asia Pacific Used Car Market Size and Forecast, by Vendor Type (2023-2030) 6.5.10.4. Rest of Asia Pacific Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 7. Middle East and Africa Used Car Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 7.1. Middle East and Africa Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 7.2. Middle East and Africa Used Car Market Size and Forecast, by Fuel Type (2023-2030) 7.3. Middle East and Africa Used Car Market Size and Forecast, by Vendor Type (2023-2030) 7.4. Middle East and Africa Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 7.5. Middle East and Africa Used Car Market Size and Forecast, by Country (2023-2030) 7.5.1. South Africa 7.5.1.1. South Africa Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 7.5.1.2. South Africa Used Car Market Size and Forecast, by Fuel Type (2023-2030) 7.5.1.3. South Africa Used Car Market Size and Forecast, by Vendor Type (2023-2030) 7.5.1.4. South Africa Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 7.5.2. GCC 7.5.2.1. GCC Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 7.5.2.2. GCC Used Car Market Size and Forecast, by Fuel Type (2023-2030) 7.5.2.3. GCC Used Car Market Size and Forecast, by Vendor Type (2023-2030) 7.5.2.4. GCC Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 7.5.3. Nigeria 7.5.3.1. Nigeria Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 7.5.3.2. Nigeria Used Car Market Size and Forecast, by Fuel Type (2023-2030) 7.5.3.3. Nigeria Used Car Market Size and Forecast, by Vendor Type (2023-2030) 7.5.3.4. Nigeria Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 7.5.4. Rest of ME&A 7.5.4.1. Rest of ME&A Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 7.5.4.2. Rest of ME&A Used Car Market Size and Forecast, by Fuel Type (2023-2030) 7.5.4.3. Rest of ME&A Used Car Market Size and Forecast, by Vendor Type (2023-2030) 7.5.4.4. Rest of ME&A Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 8. South America Used Car Market Size and Forecast by Segmentation (by Value in USD Million) 2023-2030 8.1. South America Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 8.2. South America Used Car Market Size and Forecast, by Fuel Type (2023-2030) 8.3. South America Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 8.4. South America Used Car Market Size and Forecast, by Vendor Type (2023-2030) 8.5. South America Used Car Market Size and Forecast, by Country (2023-2030) 8.5.1. Brazil 8.5.1.1. Brazil Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 8.5.1.2. Brazil Used Car Market Size and Forecast, by Fuel Type (2023-2030) 8.5.1.3. Brazil Used Car Market Size and Forecast, by Vendor Type (2023-2030) 8.5.1.4. Brazil Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 8.5.2. Argentina 8.6.2.1. Argentina Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 8.6.2.2. Argentina Used Car Market Size and Forecast, by Fuel Type (2023-2030) 8.6.2.4. Argentina Used Car Market Size and Forecast, by Vendor Type (2023-2030) 8.6.2.3. Argentina Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 8.5.3. Rest Of South America 8.6.3.1. Rest Of South America Used Car Market Size and Forecast, by Vehicle Type (2023-2030) 8.6.3.2. Rest Of South America Used Car Market Size and Forecast, by Fuel Type (2023-2030) 8.6.3.4. Rest Of South America Used Car Market Size and Forecast, by Vendor Type (2023-2030) 8.6.3.3. Rest Of South America Used Car Market Size and Forecast, by Distribution Channel (2023-2030) 9. Global Used Car Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2023) 9.3.5. Company Locations 9.4. Leading Used Car Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Asbury Automotive Group (US) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. AutoNation Inc.(US) 10.3. CarMax Business Services, LLC(US) 10.4. Cox Automotive (US) 10.5. eBay Inc.(US) 10.6. Vroom Inc(US) 10.7. Group 1 Automotive Inc.(US) 10.8. Hendrick Automotive Group(US) 10.9. LITHIA Motor Inc.(US) 10.10. TrueCar, Inc.(US) 10.11. Sonic Automotive(US) 10.12. Droom Technology (India) 10.13. Trusty Cars Pte. Ltd (UK) 10.14. Alibaba.com (China) 10.15. Scout24 AG (Germany) 11. Key Findings 12. Industry Recommendations 13. Used Car Market: Research Methodology