Used Car Market

Market Overview:

The global used car market exhibited moderate growth during 2015-2020. 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.

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. Looking forward, IMARC Group expects the global used car market to grow at a CAGR of around 6% during the forecast period (2021-2026).

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global used car market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, vehicle type, vendor type, fuel type and sales channel.

Breakup by Vehicle Type:

• Hatchbacks
• Sedan
• Sports Utility Vehicle
• Others
   

Breakup by Vendor Type:

• Organized
• Unorganized
   

Breakup by Fuel Type:

• Gasoline
• Diesel
• Others
   

Breakup by Sales Channel:

• Online
• Offline
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• 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.

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$), 2015-2020
Figure 3: Global: Used Car Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Used Car Market: Breakup by Vehicle Type (in %), 2020
Figure 5: Global: Used Car Market: Breakup by Vendor Type (in %), 2020
Figure 6: Global: Used Car Market: Breakup by Fuel Type (in %), 2020
Figure 7: Global: Used Car Market: Breakup by Sales Channel (in %), 2020
Figure 8: Global: Used Car Market: Breakup by Region (in %), 2020
Figure 9: Global: Used Car (Hatchbacks) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Used Car (Hatchbacks) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Used Car (Sedan) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Used Car (Sedan) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Used Car (Sports Utility Vehicle) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Used Car (Sports Utility Vehicle) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Used Car (Other Vehicle Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Used Car (Other Vehicle Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Used Car (Organized) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Used Car (Organized) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Used Car (Unorganized) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Used Car (Unorganized) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Used Car (Gasoline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Used Car (Gasoline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Used Car (Diesel) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Used Car (Diesel) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Used Car (Other Fuel Types) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Used Car (Other Fuel Types) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Used Car (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Used Car (Online) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Used Car (Offline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Used Car (Offline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: North America: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: North America: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: United States: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: United States: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Canada: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Canada: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Asia-Pacific: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Asia-Pacific: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: China: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: China: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: Japan: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: Japan: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: India: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: India: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: South Korea: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: South Korea: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Australia: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Australia: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Indonesia: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Indonesia: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Others: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Others: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Europe: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Europe: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Germany: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Germany: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: France: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: France: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: United Kingdom: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: United Kingdom: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: Italy: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: Italy: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Spain: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Spain: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Russia: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Russia: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Others: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Others: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Latin America: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Latin America: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Brazil: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Brazil: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Mexico: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Mexico: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Others: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Others: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Middle East and Africa: Used Car Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Middle East and Africa: Used Car Market: Breakup by Country (in %), 2020
Figure 79: Middle East and Africa: Used Car Market Forecast: Sales Value (in Million US$), 2021-2026
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, 2020 and 2026
Table 2: Global: Used Car Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 3: Global: Used Car Market Forecast: Breakup by Vendor Type (in Million US$), 2021-2026
Table 4: Global: Used Car Market Forecast: Breakup by Fuel Type (in Million US$), 2021-2026
Table 5: Global: Used Car Market Forecast: Breakup by Sales Channel (in Million US$), 2021-2026
Table 6: Global: Used Car Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Used Car Market: Competitive Structure
Table 8: Global: Used Car Market: Key Players