Used Car and Refurbished Car Sales Market - Forecast(2021 - 2026)

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Used Car and Refurbished Car Sales Market - Forecast(2021 - 2026)

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Abundant potential has driven the global used car sales market size towards a staggering $87.72 billion in 2018. A huge share of refurbished car sales market demand is sourced by the premium vehicle category that is driving the global market with a CAGR of 11.71% during the forecast period 2019-2025. – PowerPoint PPT presentation

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Title: Used Car and Refurbished Car Sales Market - Forecast(2021 - 2026)


1
Used Car and Refurbished Car Sales Market -
Forecast(2021 - 2026)Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
Contact Venkat Reddy sales_at_industryarc.com
(1) 970-236-3677
2
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  • On OLX India, each refurbished car listing on an
    average gets more than 1000 views, and almost 65
    of cars finds a buyer within the first week, with
    15,000 cars listed for sale per day. 
  • Average lifespan of vehicles are increasing due
    to advanced engineering and has reached an
    average of 13-17 years in 2019 from 11.4 years
    calculated in 2014.
  • With additional tenure added to the performing
    automotive, the scope of renewed application also
    increases. A huge share of refurbished car sales
    market demand is sourced by the premium vehicle
    category that is driving the global market with a
    CAGR of 11.71 during the forecast period
    2019-2025.

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  • Key Takeaways
  • As consumers are opting for newer vehicles with
    alternative fuel option, the existing fleet of
    vehicles powdered by gasoline and diesel are
    being underutilized.
  • Consequently, these vehicles are adding up to the
    stock of used cars and hence is a major market
    growth driver. Since the basic concept of
    refurbished and used car sales market is
    dependent upon the amount of vehicles left
    unused, this paradigm shift of consumers towards
    newer vehicles is a disruptive force for the
    market demand.

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By Distribution Channel- Segment
Analysis Internet Penetration- As websites such
as OLX and eBay are inviting refurbished car
sales dealers to mark their online presence, the
reach of these vendors has multiplied. Moreover,
such space on digital media asserts a tone of
authenticity towards buyers. Along with such
peculiarities, start-ups along with established
market players have initiated the trend of
verifying and offering warranties on used cars.
They also partner with financial institutions to
offer inexpensive automotive loans to their
customers.
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  •  Consumer Telematics Market Industry Outlook 
  • General Motors
  • Nissan
  • Toyota
  • Mahindra First Choice Wheels
  • Penske Automotive Group
  • Chevrolet
  • Asbury Automotive Group
  • Tata Motors Assured
  • Global StarLtd
  • Autotrader

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Used Car and Refurbished Car Sales Market -
Forecast(2021 - 2026) Learn More About the
Report _at_https//www.industryarc.com/Report/12/Us
ed-Car-and-Refurbished-Car-Sales-Market
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  • You Can Customize the Report as Per Your Need.
    We have included Some Customization Options
  • Company Profile
  • Analyst Briefing
  • Data Tables
  • Key Contacts
  • Free Customization
  • Purchase Full Report _at_https//www.industryarc.com/
    purchasereport.php?id12

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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
_at_ http//www.linkedin.com/company/industryarc
Contact (1) 970-236-3677
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