(2022-2031) Used Cars Global Market Report : Top Manufacturers, Industry Challenges, Business Strategies, Revenue Value And Competitive Landscape

The global used cars market report by the business research company identifies the emergence of online platforms for used car sales globally is significantly driving the growth of the used cars market. The online platforms provide ease of access and the required information to buy and sell used cars. The key players are expanding their businesses digitally to increase the sales of used cars. For instance, in September 2021, Ola launched a used automobile marketplace named "Ola Cars," which will allow customers to buy and trade used cars. It will also provide 'try and buy' services from the comfort of customers' homes, as well as simple financing with EMI alternatives and a one-year warranty. These kinds of new online platforms provide convenience for buyers to choose from a variety of options irrespective of their locations and invariably increase the sales of used cars. Hence, the emergence of online platforms is expected to propel the growth of the used cars market over the coming years.

The global used cars market size is expected to grow from $1,154.95 billion in 2021 to $1,219.23 billion in 2022 at a compound annual growth rate (CAGR) of 5.57%. The global used cars market size is expected to reach $1,523.77 billion in 2026 at a CAGR of 5.73%.

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Asia-Pacific was the largest region in the used cars market in 2021 and is expected to be the fastest-growing region in the global used cars market during the forecast period. The regions covered in the global used cars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Major players in the used cars market are Hendrick Automotive Group, Group 1 Automotive, Inc., Cox Automotive, Asbury Automotive Group, Inc., CarMax Business Services LLC, TrueCar, Inc, Pendragon PLC, Lithia Motors, Inc., The Hertz Corporation, AutoNation, Quikr, Honda Auto Terrace, Toyota U-Trust, Vroom, OLX, Cars24 services private limited, Big Boy Toyz ltd, Alibaba.com, Scout24 AG.

The global organic food market is segmented -
1) By Vehicle Type:
Hatchback
Sedan
SUV

2) By Fuel Type:
Petrol
Diesel
Hybrid/Electric

3) By Sales Channel:
Peer-To-Peer
Franchised Dealers
Independent Dealers

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The Used cars Market Report Contents Include
1. Executive Summary
2. Used Cars Market Characteristics
3. Used Cars Market Trends And Strategies
4. Impact Of COVID-19 On Used Cars
5. Used Cars Market Size And Growth
….....
28. Key Mergers And Acquisitions In The Used Cars Market
29. Used Cars Market Future Outlook And Potential Analysis
30. Appendix

This report covers the trends and market dynamics of the used cars market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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