Global Used Car Market Overview 2022-2027:
The global used car market is expected to exhibit a CAGR of 9.4% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
A used car is a secondhand, or pre-owned vehicle, which is refurbished and made available for resale. The process of selling an old vehicle involves identifying the flaws in the vehicle, repairing and refurbishing it to working conditions and listing it for sale. Some of the commonly preferred used cars include hatchbacks, sedans and sports utility vehicles. They are usually sold through walk-in used-car stores, independent automobile dealerships and online platforms using organized or unorganized channels. Dealing in used cars aids in minimizing the depreciation of the vehicle, provides full assurance and warranty of the vehicle and facilitates affordability and savings for the buyer.
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
The global used car market is primarily being driven by the increasing consumer preference for used or refurbished cars. In line with this, individuals residing in urban areas and metropolitan cities prefer to own multiple vehicles for enhanced mobility and convenience. Moreover, the rise in female workforce participation is also positively impacting the demand for used cars, especially in the developing countries. Significant improvements in the organized retail channels of used cars are also driving the market growth. Automobile manufacturers and retailers are using online platforms to connect and trade with the consumers with complete transparency and ease of operations. Additionally, the utilization of blockchain technologies to store and preserve the maintenance history record of the carbon footprint of the used cars is acting as another major growth-inducing factor. Automobile manufacturers also use these technologies to obtain digitized recommendations regarding the vehicle health and generate performance reports. Other factors, including rising expenditure capacities of the consumers, along with the increasing demand for used luxury cars, are anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global used car market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on vehicle type, vendor type, fuel type and sales channel.
Breakup by Vehicle Type:
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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Hatchbacks
- Sedan
- Sports Utility Vehicle
- Others
Breakup by Vendor Type:
Breakup by Fuel Type:
Breakup by Sales Channel:
Breakup by Region:
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- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alibaba Group Holding Limited, Arnold Clark Automobiles Limited, Asbury Automotive Group Inc., AutoNation Inc., CarMax Business Services LLC, Cox Automotive Inc. (Cox Enterprises Inc), eBay Inc., Group1 Automotive Inc., Lithia Motors Inc., Pendragon PLC and TrueCar Inc.
Report Coverage:
| Report Features |
Details |
|---|
| Base Year of the Analysis |
2021 |
| Historical Period |
2016-2021 |
| Forecast Period |
2022-2027 |
| Units |
US$ Billion |
| Segment Coverage |
Vehicle Type, Vendor Type, Fuel Type, Sales Channel, Region |
| Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered |
Alibaba Group Holding Limited, Arnold Clark Automobiles Limited, Asbury Automotive Group Inc., AutoNation Inc., CarMax Business Services LLC, Cox Automotive Inc. (Cox Enterprises Inc), eBay Inc., Group1 Automotive Inc., Lithia Motors Inc., Pendragon PLC and TrueCar Inc. |
| Customization Scope |
10% Free Customization |
| Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
| Post-Sale Analyst Support |
10-12 Weeks |
| Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global used car market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global used car market?
- What are the key regional markets?
- What is the breakup of the market based on the vehicle type?
- What is the breakup of the market based on the vendor type?
- What is the breakup of the market based on the fuel type?
- What is the breakup of the market based on the sales channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global used car market and who are the key players?
- What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Used Car Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Vehicle Type
6.1 Hatchbacks
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Sedan
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Sports Utility Vehicle
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Vendor Type
7.1 Organized
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Unorganized
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Fuel Type
8.1 Gasoline
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Diesel
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Others
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Sales Channel
9.1 Online
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Offline
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Alibaba Group Holding Limited
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Arnold Clark Automobiles Limited
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.3 Asbury Automotive Group Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 AutoNation Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 CarMax Business Services LLC
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Cox Automotive Inc. (Cox Enterprises Inc.)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.7 eBay Inc.
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 Group1 Automotive Inc.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Lithia Motors Inc.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Pendragon PLC
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 TrueCar Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
List of Figures
Figure 1: Global: Used Car Market: Major Drivers and Challenges
Figure 2: Global: Used Car Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Used Car Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Used Car Market: Breakup by Vehicle Type (in %), 2021
Figure 5: Global: Used Car Market: Breakup by Vendor Type (in %), 2021
Figure 6: Global: Used Car Market: Breakup by Fuel Type (in %), 2021
Figure 7: Global: Used Car Market: Breakup by Sales Channel (in %), 2021
Figure 8: Global: Used Car Market: Breakup by Region (in %), 2021
Figure 9: Global: Used Car (Hatchbacks) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Used Car (Hatchbacks) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Used Car (Sedan) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Used Car (Sedan) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Used Car (Sports Utility Vehicle) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Used Car (Sports Utility Vehicle) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Used Car (Other Vehicle Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Used Car (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Used Car (Organized) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Used Car (Organized) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Used Car (Unorganized) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Used Car (Unorganized) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Used Car (Gasoline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Used Car (Gasoline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Used Car (Diesel) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Used Car (Diesel) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Used Car (Other Fuel Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Used Car (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Used Car (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Used Car (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Used Car (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Used Car (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Used Car Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Used Car Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Used Car Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Used Car Industry: SWOT Analysis
Figure 81: Global: Used Car Industry: Value Chain Analysis
Figure 82: Global: Used Car Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Used Car Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Used Car Market Forecast: Breakup by Vehicle Type (in Million US$), 2022-2027
Table 3: Global: Used Car Market Forecast: Breakup by Vendor Type (in Million US$), 2022-2027
Table 4: Global: Used Car Market Forecast: Breakup by Fuel Type (in Million US$), 2022-2027
Table 5: Global: Used Car Market Forecast: Breakup by Sales Channel (in Million US$), 2022-2027
Table 6: Global: Used Car Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Used Car Market: Competitive Structure
Table 8: Global: Used Car Market: Key Players