Global Used Car Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Used Car Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Vehicle Type (Hybrid, Conventional, and Electric), Vendor Type (Organized, and Unorganized), Fuel Type (Diesel, Petrol, and Others), Size (Compact, Mid-Sized, and SUV), Sales Channel (Offline, and Online), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Used Car Market was valued at USD 1,784,017.1 million in 2023 and is expected to reach USD 2,864,983.2 million by 2031 while growing at a CAGR of 6.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global used car market growth. A used car, also referred to as pre-owned or second-hand, is a vehicle with one or more previous owners, varying in age, mileage, and condition. They are sold through different channels, including dealerships, private sales, and certified pre-owned programs offered by manufacturers.
Increasing preferences in used cars face obstacles such as stringent emission standards and rapid technological advancements, which may impede market expansion.
Furthermore, the global used car industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Vehicle Type Analysis
The Global Used Car Market is segmented among Hybrid, Conventional, and Electric, based on Vehicle Type. In 2023, Conventional accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Vendor Type Analysis
The Global Used Car Market is segmented among Organized, and Unorganized, based on Vendor Type. In 2023, Organized accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Used Car Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Alibaba, CarMax Enterprise Services, LLC, Asbury Automotive Group, TrueCar, Inc., Scout24 SE, Lithia Motor Inc., Group 1 Automotive, Inc., eBay, Hendrick Automotive Group, and AutoNation.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Used Car Market Dynamics
Drivers
Restraints
Opportunity
4. Global Used Car Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Used Car Market Segmentation, By Vehicle Type
Global Used Car Market Share Analysis, By Vehicle Type
Global Used Car Market Growth Analysis, By Vehicle Type
Global Used Car Market Trends, By Vehicle Type
o Hybrid
o Conventional
o Electric
6. Global Used Car Market Segmentation, By Vendor Type
Global Used Car Market Share Analysis, By Vendor Type
Global Used Car Market Growth Analysis, By Vendor Type
Global Used Car Market Trends, By Vendor Type
o Organized
o Unorganized
7. Global Used Car Market Segmentation, By Fuel Type
Global Used Car Market Share Analysis, By Fuel Type
Global Used Car Market Growth Analysis, By Fuel Type
Global Used Car Market Trends, By Fuel Type
o Diesel
o Petrol
o Others
o Research Laboratories and Institutes
o Biotechnology and Biopharmaceutical Companies
o Other Application
8. Global Used Car Market Segmentation, By Size
Global Used Car Market Share Analysis, By Size
Global Used Car Market Growth Analysis, By Size
Global Used Car Market Trends, By Size
o Compact
o Mid-Sized
o SUV
9. Global Used Car Market Segmentation, By Sales Channel
Global Used Car Market Share Analysis, By Sales Channel
Global Used Car Market Growth Analysis, By Sales Channel
Global Used Car Market Trends, By Sales Channel
o Offline
o Online
10. Global Used Car Market Segmentation, By Region
Global Used Car Market Share Analysis, By Region
Global Used Car Market Growth Analysis, By Region
Global Used Car Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
11. Competitive Landscape
Alibaba.com*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
CarMax Enterprise Services, LLC
Asbury Automotive Group
TrueCar, Inc.
Scout24 SE
Lithia Motor Inc.
Group 1 Automotive, Inc.
eBay
Hendrick Automotive Group
AutoNation
*Similar analysis will be provided for each company listed above.
