Second Hand Vehicle Trading Service Market, by Vehicle Type (Passenger Cars (Hatchback, Sedan, SUV),Light Commercial Vehicles, Heavy Commercial Vehicles), by Fuel Type (Petrol Vehicles, Diesel Vehicles, Electric Vehicles and Others), by Sales Channel (OEM

Second Hand Vehicle Trading Service Market, by Vehicle Type (Passenger Cars (Hatchback, Sedan, SUV),Light Commercial Vehicles, Heavy Commercial Vehicles), by Fuel Type (Petrol Vehicles, Diesel Vehicles, Electric Vehicles and Others), by Sales Channel (OEMs/Direct Sales, and Third Party Services), by Mode of Sales (Online and Offline), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

The second hand vehicles are used vehicle which are registered previously with regulatory authorities or government bodies. These vehicles are sold through traditional offline channels such as walk-in car stores, car dealers, rental companies, auction houses, and franchise among others; as well as through online sales channels such as dedicated car selling websites, buying and selling platforms, and social media among others.
Market Dynamics
Original equipment manufacturers (OEMs) across the globe are focused on continuous product innovation, and introducing new vehicle models with advanced features to expand their consumer bases. As a result, existing car owners are purchasing new cars and selling their old or existing cars in the aftermarket. Moreover, various OEMs have started their own organized second hand car trading car trading services. For instance, Mahindra and Mahindra, an Indian car manufacturer, is providing multi brand certified second hand cars through its group company Mahindra First Choice. The increasing number of organized players in the second hand vehicle trading market is one of the major contributing factors to the growth of the global second hand car market. However, unavailability of finances for used cars can be a major challenge for the growth of the second hand vehicle trading industry.
Key features of the study:
This report provides in-depth analysis of second hand vehicle trading service market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global second hand vehicle trading service market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans.
Key companies covered as a part of this study include Autotrader (Cox Automotive), cars.com, Cars24, eBay Motors, Edmund, Guazi, Hemmings, Kbb, Renrenche, Truebil, TrueCar and Uxin among others
Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global second hand vehicle trading service market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the second hand vehicle trading service market
Detailed Segmentation:
Global Second Hand Vehicle Trading Service Market, By Vehicle Type
Passenger Cars
Hatchback
Sedan
SUV
Light Commercial Vehicles
Heavy Commercial Vehicles
Global Second Hand Vehicle Trading Service Market, By Fuel Type:
Petrol Vehicles
Diesel Vehicles
Electric Vehicles
Others
Global Second Hand Vehicle Trading Service Market, By Sales Channel:
OEMs/Direct Sales
Third Party Services
Global Second Hand Vehicle Trading Service Market, By Mode of Sales:
Online
Offline
Global Second Hand Vehicle Trading Service Market, By Region:
North America
By Vehicle Type
Passenger Cars
Hatchback
Sedan
SUV
Light Commercial Vehicles
Heavy Commercial Vehicles
By Fuel Type
Petrol Vehicles
Diesel Vehicles
Electric Vehicles
Others
By Sales Channel
OEMs/Direct Sales
Third Party Services
By Mode of Sales
Online
Offline
By Country
U.S.
Canada
Europe
By Vehicle Type
Passenger Cars
Hatchback
Sedan
SUV
Light Commercial Vehicles
Heavy Commercial Vehicles
By Fuel Type
Petrol Vehicles
Diesel Vehicles
Electric Vehicles
Others
By Sales Channel
OEMs/Direct Sales
Third Party Services
By Mode of Sales
Online
Offline
By Country
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
By Vehicle Type
Passenger Cars
Hatchback
Sedan
SUV
Light Commercial Vehicles
Heavy Commercial Vehicles
By Fuel Type
Petrol Vehicles
Diesel Vehicles
Electric Vehicles
Others
By Sales Channel
OEMs/Direct Sales
Third Party Services
By Mode of Sales
Online
Offline
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
By Vehicle Type
Passenger Cars
Hatchback
Sedan
SUV
Light Commercial Vehicles
Heavy Commercial Vehicles
By Fuel Type
Petrol Vehicles
Diesel Vehicles
Electric Vehicles
Others
By Sales Channel
OEMs/Direct Sales
Third Party Services
By Mode of Sales
Online
Offline
By Country
Brazil
Mexico
Rest of Latin America
Middle East and Africa
By Vehicle Type
Passenger Cars
Hatchback
Sedan
SUV
Light Commercial Vehicles
Heavy Commercial Vehicles
By Fuel Type
Petrol Vehicles
Diesel Vehicles
Electric Vehicles
Others
By Sales Channel
OEMs/Direct Sales
Third Party Services
By Mode of Sales
Online
Offline
By Country
GCC
South Africa
Rest of Middle East and Africa
Company Profiles
Autotrader (Cox Automotive)
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Cars.com
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Cars24
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
eBay Motors
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Edmund
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Guazi
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Hemmings
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Kbb
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Renrenche
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Truebil
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
TrueCar
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Uxin
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Section
References
Research Methodology
About us and Sales Contact
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