Global Used Car Market 2023

Global Used Car Market 2023

The global used car market was valued at USD 1,552 billion in 2022 to USD 2,325 billion by 2029, progressing at a CAGR of 5.9% from 2023 to 2029, according to the latest market study results.

This industry report offers market estimates of the global market, followed by a detailed analysis of the vehicle type, vendor type, fuel type, size, sales channel, and region. The global market data on used car can be segmented by vehicle type: conventional, electric, hybrid. The conventional segment captured the largest share of the market in 2022. Used car market is further segmented by vendor type: organized, unorganized. The organized segment held the largest share of the global used car market in 2022 and is anticipated to hold its share during the forecast period. Based on fuel type, the used car market is segmented into: diesel, petrol, others. In 2022, the petrol segment made up the largest share of revenue generated by the used car market. On the basis of size, the used car market also can be divided into: compact, mid-sized, SUV. Among these, the SUV segment was accounted for the highest revenue generator in 2022. Used car market by sales channel is categorized into: offline, online. The used car market by region can be segmented into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America.

The global used car market is highly competitive. The used car market is dominated by key players, which are Alibaba Group Holding Limited, Asbury Automotive Group Inc., AutoNation Inc., Beijing Shanyi Shanmei Technology Co. Ltd. dba RenRenChe, CarGurus Inc., CarMax Inc., Cox Automotive Inc., eBay Inc., Group 1 Automotive Inc., Guazi.com Inc., Hangzhou Dasouche Auto Service Co. Ltd., Lithia Motors Inc., Mahindra First Choice Wheels Ltd., Scout24 SE, TrueCar Inc.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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• Get a detailed picture of the Global Used Car Market
• Identify segments/areas to invest in over the forecast period in the Global Used Car Market
• Understand the competitive environment, the market’s leading players
• The market estimate for ease of analysis across scenarios in Excel format.
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