Used Cars Global Market Size is Expected to Grow to $1899.97 Billion at a CAGR of 9.1% By 2027 | Hendrick Automotive Group, Group 1 Automotive, Inc., Cox Automotive, Pendragon PLC, TrueCar, Inc.

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Used Cars Global Market Report 2023 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 required information to buy and sell used cars.

The global used cars market size will grow from $1243.34 billion in 2022 to $1339.73 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global used cars is expected to grow to $1899.97 billion in 2027 at a CAGR of 9.1%.

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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.

Increasing investment in the market is a key trend gaining popularity in the used cars market. Major companies operating in the used cars market are focused on increasing investments for business expansions and strengthening their business position.

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The Rear-View Mirror market is segmented -
• By Vehicle Type: Hatchback, Sedan, SUV
• By Fuel Type: Petrol, Diesel, Hybrid/Electric
• By Sales Channel: Peer-To-Peer, Franchised Dealers, Independent Dealers
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Used Cars market.

The Business Research Company's "Global Used Cars Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Used Cars Market Include:
1. Executive Summary
2. Used Cars Market Characteristics
3. Used Cars Market Trends And Strategies
4. Used Cars Market - Macro Economic Scenario
5. Used Cars Market Size And Growth
.....
26. Africa Used Cars Market
27. Used Cars Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Used Cars Market
29. Used Cars Market Future Outlook and Potential Analysis
30. Appendix

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