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FEATURED COMPANIES
- AutoNation Inc.
- Cox Automotive Inc.
- eBay Inc.
- Emil Frey AG
- Maruti Suzuki India Ltd.
- Pendragon PLC
1h Free Analyst Time
Speak directly to the analyst to clarify any post sales queries you may have.
Global Used Cars Market: About this market
The used cars market analysis considers sales from various outlets such as franchises, independent car dealers, rental car companies, and private party sales. Our report also considers the sales of used cars in APAC, Europe, MEA, North America, and South America. In 2019, the mid-size cars segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as comfort, safety, cost of ownership, and warranty will play a significant role in the mid-size cars segment to maintain its market position. Also, our global used cars market report looks at factors such as growing sales of used cars through online platforms and growing demand for used cars in emerging economies. However, inventory management issues faced by automotive dealers, real estate constraints in terms of space and cost, and growing popularity of the car-subscription model may hamper the growth of the used cars industry over the forecast period.
Global Used Cars Market: Overview
Growing demand for used cars in emerging economies
The demand for used cars is increasing at a faster pace in emerging economies than the developed economies. China’s Ministry of Commerce allowed the export of used cars from China, which is expected to create a flow of used cars in the international market. Similarly, other economies in Africa, such as Nigeria, Algeria, Egypt, Morocco, and Tunisia, are also witnessing a strong demand for used cars leading to the expansion of the global used cars market at a CAGR of over 5% during the forecast period.
Improved touchpoint management
Automotive dealers with websites for used cars are increasingly using touchpoint management technologies to get feedback from their customers. A used car website becomes the primary touchpoint and helps the potential buyer to research about various car models, features, prices, and locations. Hence, it is imperative for online used car dealers to create an attractive website to draw the attention of customers. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global used cars market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading used cars manufacturers, that include Alibaba Group Holding Ltd., Asbury Automotive Group Inc., AutoNation Inc., Cox Automotive Inc., eBay Inc., Emil Frey AG, Maruti Suzuki India Ltd., Pendragon PLC, Penske Automotive Group Inc., and TrueCar Inc.
Also, the used cars market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
The used cars market analysis considers sales from various outlets such as franchises, independent car dealers, rental car companies, and private party sales. Our report also considers the sales of used cars in APAC, Europe, MEA, North America, and South America. In 2019, the mid-size cars segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as comfort, safety, cost of ownership, and warranty will play a significant role in the mid-size cars segment to maintain its market position. Also, our global used cars market report looks at factors such as growing sales of used cars through online platforms and growing demand for used cars in emerging economies. However, inventory management issues faced by automotive dealers, real estate constraints in terms of space and cost, and growing popularity of the car-subscription model may hamper the growth of the used cars industry over the forecast period.
Global Used Cars Market: Overview
Growing demand for used cars in emerging economies
The demand for used cars is increasing at a faster pace in emerging economies than the developed economies. China’s Ministry of Commerce allowed the export of used cars from China, which is expected to create a flow of used cars in the international market. Similarly, other economies in Africa, such as Nigeria, Algeria, Egypt, Morocco, and Tunisia, are also witnessing a strong demand for used cars leading to the expansion of the global used cars market at a CAGR of over 5% during the forecast period.
Improved touchpoint management
Automotive dealers with websites for used cars are increasingly using touchpoint management technologies to get feedback from their customers. A used car website becomes the primary touchpoint and helps the potential buyer to research about various car models, features, prices, and locations. Hence, it is imperative for online used car dealers to create an attractive website to draw the attention of customers. This development is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global used cars market is fragmented. The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading used cars manufacturers, that include Alibaba Group Holding Ltd., Asbury Automotive Group Inc., AutoNation Inc., Cox Automotive Inc., eBay Inc., Emil Frey AG, Maruti Suzuki India Ltd., Pendragon PLC, Penske Automotive Group Inc., and TrueCar Inc.
Also, the used cars market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- AutoNation Inc.
- Cox Automotive Inc.
- eBay Inc.
- Emil Frey AG
- Maruti Suzuki India Ltd.
- Pendragon PLC
PART 01: EXECUTIVE SUMMARYPART 07: CUSTOMER LANDSCAPEPART 09: DECISION FRAMEWORK
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
List of Exhibits
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- AutoNation Inc.
- Cox Automotive Inc.
- eBay Inc.
- Emil Frey AG
- Maruti Suzuki India Ltd.
- Pendragon PLC
The following companies as the key players in the global used cars market: Alibaba Group Holding Ltd., Asbury Automotive Group Inc., AutoNation Inc., Cox Automotive Inc., eBay Inc., Emil Frey AG, Maruti Suzuki India Ltd., Pendragon PLC, Penske Automotive Group Inc., and TrueCar Inc.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the improved touchpoint management.”
According to the report, one of the major drivers for this market is the growing demand for used cars in emerging economies.
Further, the report states that one of the major factors hindering the growth of this market is the real estate constraints in terms of space and cost.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the improved touchpoint management.”
According to the report, one of the major drivers for this market is the growing demand for used cars in emerging economies.
Further, the report states that one of the major factors hindering the growth of this market is the real estate constraints in terms of space and cost.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
A selection of companies mentioned in this report includes:
- Alibaba Group Holding Ltd.
- Asbury Automotive Group Inc.
- AutoNation Inc.
- Cox Automotive Inc.
- eBay Inc.
- Emil Frey AG
- Maruti Suzuki India Ltd.
- Pendragon PLC
- Penske Automotive Group Inc.
- TrueCar Inc.
Note: Product cover images may vary from those shown
