Australia Used Car Market Size to Worth USD 197 Billion by 2033 | With a 10.80% CAGR

Australia Used Car Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 10.80% (2025-2033)

The market for pre-owned cars in Australia notes high demand. This is due to affordability and a rising interest in value-for-money buys. Online platforms and new financing options are now boosting the market. According to IMARC Group's latest report, the Australia used car market size was valued at USD 77.2 billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 197 billion by 2033, exhibiting a CAGR of 10.80% from 2025-2033.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/australia-used-car-market/requestsample

Australia Used Car Industry Trends and Drivers:

The Australia used car market is changing. This shift is due to how Australians buy cars now. Economic conditions are also shifting, along with supply chain disruptions. The main trend is the rising demand for used vehicles, both during and after the COVID-19 pandemic. Car shortages occurred primarily because of a global semiconductor shortage and production delays. Buyers have turned to the second-hand market due to high prices. Reports show that the average price of used cars in Australia jumped over 30 percent from 2020 to 2022. Low-interest rates and government aid increased disposable income. This also helped drive the trend. Online car buying platforms changed the game. Now, consumers can compare cars, check vehicle histories, and buy vehicles. They can do all this without visiting dealerships. These platforms boost market transparency and competition. Meanwhile, the used car market is beginning to cool down. Price growth has also slowed since 2023.

A big change is happening in the used car market in Australia. Many people now see the benefits of fuel-efficient and eco-friendly cars. It's not sustainable for buyers to spend so much on costly fuels. These fuels are not only pricey but also harmful to the environment. When fuel prices go up, more people pick used hybrids and electric vehicles (EVs) over petrol or diesel. Popular models like the Toyota Prius and Nissan Leaf show strong demand. This trend highlights a move toward sustainability. In parallel, the market for older, polluting vehicles is cold. Usually, this is in an urban setting, where controls against emissions grow stricter. More lenders now offer loans for used cars. They provide attractive rates and flexible terms. This change makes it easier for anyone to get a pre-owned vehicle. Utes and SUVs are still in charge and loved by Australians. They enjoy versatile, rugged vehicles that Australia is famous for. The market is changing. We expect more consolidation among dealers. Also, it's important to watch vehicle condition reports. This will help build consumer trust when buying used cars in the future.

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Australia Used Car Industry Segmentation:

The report has segmented the market into the following categories:

Analysis by Vehicle Type:

● Hatchbacks
● Sedan
● Sports Utility Vehicle
● Others

Analysis by Vendor Type:

● Organized
● Unorganized

Analysis by Fuel Type:

● Gasoline
● Diesel
● Others

Analysis by Sales Channel:

● Online
● Offline

Regional Analysis:

● Australia Capital Territory & New South Wales
● Victoria & Tasmania
● Queensland
● Northern Territory & Southern Australia
● Western Australia

Ask Analyst for Sample Report: https://www.imarcgroup.com/request?type=report&id=21959&flag=C

Competitive Landscape:

The competitive landscape of the industry has also been examined, along with the profiles of the key players.

● BMW Group Australia (BMW Premium Certified)
● Carma (ClickCar Australia Pty Ltd)
● CARS24
● Com Limited (CAR Group Limited)
● Cartopia Pty Ltd (Only Cars)
● com.au (Nine Entertainment Co. Pty Limited)
● Gumtree Australia Markets Limited Corporate
● HelloCars Subscription Pty Ltd
● Pickles Auctions Pty Limited
● Toyota Australia (Toyota Certified Pre-Owned Vehicle)

Key highlights of the Report:

● Market Performance (2019-2024)
● Market Outlook (2025-2033)
● COVID-19 Impact on the Market
● Porter's Five Forces Analysis
● Strategic Recommendations
● Historical, Current, and Future Market Trends
● Market Drivers and Success Factors
● SWOT Analysis
● Structure of the Market
● Value Chain Analysis
● Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include a thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape, benchmarking analyses, pricing and cost research, and procurement research.

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City/Town: Warwick

State/Province/Region: Queensland

Country: Australia

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Phone Number: +1-631-791-1145

This release was published on openPR.