The Norway used car market was valued at USD 3 billion in the current year, and it is expected to grow to a value of USD 4.14 billion in the coming five years, registering a CAGR of 5.5% in terms of revenue during the forecast period.
Norway's Used Car Market is dominated by several key players such as Trucar Inc., Lee Auto Malls, RSA BIL, Bilia, Birger N. Haug, and Others. The rapid expansion of online car dealerships across the country is likely to witness major growth for the market during the forecast period. For instance,
In May 2022, Bilia acquired AS Insignia, one of the leaders in sales and service operations for the car brands Jaguar, Land Rover, and Morgan Motor Company in Oslo, Norway. Through this acquisition, Bilia became an authorized dealer for these car brands.
In April 2022, Bilia acquired Kokstad Autosenter AS, one of the leading used car dealers and operated an independent car service center in Norway.
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