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Vehicle Reseller Market 2021 Size, Growth Analysis Report, Forecast to 2027

01-28-2022 02:01 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Orion Market Research

The global vehicle reseller market is anticipated to grow at a considerable CAGR of 8.0% during the forecast period (2021-2027). The rise in competition among the market and the threat of new entries are the factors will bolster the growth of the vehicle reselling dealership business. The reliable & add on service and quality has changed the perspective of consumers toward the used vehicle business. In addition, franchised dealers along with support from original equipment manufacturers (OEM) for various types of involvement, certification, & marketing programs, online inventory pooling, and access to high-quality contracts are rising. Moreover, there has been an increase in demand for the vehicle subscription services over the decade has allowed consumers to use a vehicle on monthly basis by paying a monthly fee, which includes maintenance, insurance, and roadside assistance.

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For instance, in January 2021, Maruti Suzuki recently launched a subscription service for their vehicles. The company is evaluating options to offer used cars under the subscription service. This will support te company in expanding its portfolio which is available under Maruti Suzuki Subscribe. The manufacturer currently offers Vitara Brezza, Swift, XL6, Dzire, Ertiga, Ciaz, and Baleno through the subscription program. The subscription program is currently available in cities including Gurugram, Chennai, Bengaluru, Delhi, Hyderabad, Ahmedabad, Mumbai, and Pune. The company has also revealed its plans to launch these services in small cities across the countries by December 2022

Furthermore, rapid change in technology or introduction of new models of vehicles at short intervals allow customers to sell or exchange their old vehicle with a new vehicle. Such value for money benefit has led to the rise in growth of the used cars industry in the coming years.

Market Coverage

• The market number available for – 2020-2027

• Base year- 2020

• Forecast period- 2021-2027

• Segment Covered-

· By Vehicle Type

· By Vendor Type

· By Propulsion Type

• Regions Covered-

· North America

· Europe

· Asia-Pacific

· Rest of the World

• Competitive Landscape- AutoNation, Big Boy Toyz, Cox Automobile, Hendrick Automotive Group, Kar Auction Services Inc., Mahindra and Mahindra Ltd, Asbury Automotive Group, OLX and others.

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A full Report of Vehicle Reseller Market is Available at: https://www.omrglobal.com/industry-reports/vehicle-reseller-market

Global Vehicle Reseller Market Report Segment

By Vehicle type

• Hatchback

• Sedan

• Sports Utility Vehicle (SUV)

By Vendor type

• Franchise Dealer

• Independent Dealer

By Propulsion type

• Internal Combustion Engine (ICE)

· Petrol

· Diesel

Global Vehicle Reseller Market Report Segment by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

Company Profiles

· Asbury Automotive Group, Inc.

· AutoNation, Inc.

· Big Boy Toyz ltd.

· CarMax Business Services, LLC

· Cars24 Services Pvt.Ltd.

· Carvana Co.

· Copart Inc.

· Cox Automobile.com, Inc.

· Group1 Automotive Inc.

· Hendrick Automotive Group

· Kar Auction Services Inc.

· Lithia Motors, Inc.

· 6.13. Mahindra & Mahindra Limited

· Maruti Suzuki India Limited

· Olx Autos

· Scout24 SE

· TrueCar, Inc.

· Vroom, Inc.

Reasons to buy from us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.

2. More than 120 countries are for analysis.

3. Over 100+ paid data sources mined for investigation.

4. Our expert research analysts answer all your questions before and after purchasing your report.

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404

About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

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