Brazil's used car market is valued at USD 151.72 billion. It is expected to surpass the market value of USD 197.75 billion by the end of the forecast period by registering a CAGR of 4%.
Brazil's used car market is moderately fragmented, with a few key players in the market being KAVAK, VK Multimarcas, Milano Multimarcas, Griffe Auto, AR Box Multimarcas, and others. The majority of players in the Brazilian used car market collaborate with financial institutions, insurance companies, and other service providers to offer bundled services and enhance the overall customer experience.
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