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Used Car Market Size to Worth Around US$ 2,526.02 Bn by 2030

[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global used car market was valued at around USD 1,493.08 billion in 2021 and is expected to register revenues worth USD 2,526.02 billion by the end of 2030, growing at an exceptional CAGR of approximately 6% between 2022 and 2030.

Used Car Market

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Used Car Market Growth Factors:

The market for used car witnessed prominent growth over the past few years and anticipated to grow at the same rate during the coming year. This is mainly attributed to the rising investment from automotive manufacturers for expanding their dealership network. Until recently, automotive dealers and manufacturers have focused primarily on the new vehicle production and sale business; however, they have also started focusing on used car and observe it as an important byproduct for their business growth. This has prominently boosted the market growth for used cars over the upcoming years.

Moreover, significant advancement in the technology for example development of internet along with the introduction of electric and hybrid vehicles have transformed the buyer’s perspective towards used cars. Further, the quality and reliability of the used cars have also attracted significant number of customers that positively favors the market growth. Presently, increased customer knowledge about the vehicle, quality finance charges, residual value of vehicle, and availability also propels the market growth during the forthcoming years.

Used Car Market Report Scope
Report Scope Details
Market Size USD 2,526.02 Billion by 2030
Growth Rate CAGR of 6% From 2021 and 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Vehicle Type, Vendor Type, Fuel Type, Size, Sales Channel
Regional Scope North America, APAC, Europe, Latin America, MEAN, Rest of the World

Competition Landscape

The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials, and a company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

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some of the prominent players in the used car market include:

CarMax Business Service LLC, Alibaba.com, Asbury Automotive Group, Hendrick Automotive Group, Scout24 AG, TrueCar Inc., Lithia Motor Inc., Group 1 Automotive Inc., AutoNation Inc., and eBay Inc. among others.

Used Car Market Segments

By Vehicle Type

  • Conventional
  • Hybrid
  • Electric

By Vendor Type

  • Unorganized
  • Organized

By Fuel Type

  • Diesel
  • Petrol
  • Others

By Size

  • Mid-Size
  • Compact
  • SUVs

By Sales Channel

  • Offline
  • Online

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region.

This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global used car market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the used car market.

The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.

Why should you invest in this report?

If you are aiming to enter the global used car market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for used car are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Used Car Market, By Vehicle Type

7.1. Used Car Market, by Vehicle Type, 2021-2030

7.1.1. Conventional

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Hybrid

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Electric

7.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Used Car Market, By Vendor Type

8.1. Used Car Market, by Vendor Type, 2021-2030

8.1.1. Unorganized

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Organized

8.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Used Car Market, By Fuel Type

9.1. Used Car Market, by Fuel Type, 2021-2030

9.1.1. Diesel

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. Petrol

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. Others

9.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Used Car Market, By Size

10.1. Used Car Market, by Size, 2021-2030

10.1.1. Mid-Size

10.1.1.1. Market Revenue and Forecast (2017-2030)

10.1.2. Compact

10.1.2.1. Market Revenue and Forecast (2017-2030)

10.1.3. SUVs

10.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 11. Global Used Car Market, By Sales Channel

11.1. Used Car Market, by Sales Channel, 2021-2030

11.1.1. Offline

11.1.1.1. Market Revenue and Forecast (2017-2030)

11.1.2. Online

11.1.2.1. Market Revenue and Forecast (2017-2030)

Chapter 12. Global Used Car Market, Regional Estimates and Trend Forecast

12.1. North America

12.1.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.1.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.1.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.1.4. Market Revenue and Forecast, by Size (2017-2030)

12.1.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.1.6. U.S.

12.1.6.1. Market Revenue and Forecast, by Vehicle Type(2017-2030)

12.1.6.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.1.6.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.1.6.4. Market Revenue and Forecast, by Size(2017-2030)

12.1.6.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.1.7. Rest of North America

12.1.7.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.1.7.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.1.7.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.1.7.4. Market Revenue and Forecast, by Size (2017-2030)

12.1.7.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.2. Europe

12.2.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.2.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.2.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.2.4. Market Revenue and Forecast, by Size (2017-2030)

12.2.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.2.6. UK

12.2.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.2.6.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.2.6.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.2.6.4. Market Revenue and Forecast, by Size (2017-2030)

12.2.6.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.2.7. Germany

12.2.7.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.2.7.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.2.7.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.2.7.4. Market Revenue and Forecast, by Size (2017-2030)

12.2.7.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.2.8. France

12.2.8.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.2.8.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.2.8.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.2.8.4. Market Revenue and Forecast, by Size (2017-2030)

12.2.8.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.2.9. Rest of Europe

12.2.9.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.2.9.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.2.9.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.2.9.4. Market Revenue and Forecast, by Size (2017-2030)

12.2.9.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.3. APAC

12.3.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.3.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.3.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.3.4. Market Revenue and Forecast, by Size (2017-2030)

12.3.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.3.6. India

12.3.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.3.6.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.3.6.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.3.6.4. Market Revenue and Forecast, by Size (2017-2030)

12.3.6.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.3.7. China

12.3.7.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.3.7.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.3.7.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.3.7.4. Market Revenue and Forecast, by Size (2017-2030)

12.3.7.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.3.8. Japan

12.3.8.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.3.8.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.3.8.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.3.8.4. Market Revenue and Forecast, by Size (2017-2030)

12.3.8.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.3.9. Rest of APAC

12.3.9.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.3.9.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.3.9.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.3.9.4. Market Revenue and Forecast, by Size (2017-2030)

12.3.9.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.4. MEA

12.4.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.4.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.4.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.4.4. Market Revenue and Forecast, by Size (2017-2030)

12.4.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.4.6. GCC

12.4.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.4.6.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.4.6.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.4.6.4. Market Revenue and Forecast, by Size (2017-2030)

12.4.6.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.4.7. North Africa

12.4.7.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.4.7.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.4.7.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.4.7.4. Market Revenue and Forecast, by Size (2017-2030)

12.4.7.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.4.8. South Africa

12.4.8.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.4.8.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.4.8.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.4.8.4. Market Revenue and Forecast, by Size (2017-2030)

12.4.8.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.4.9. Rest of MEA

12.4.9.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.4.9.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.4.9.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.4.9.4. Market Revenue and Forecast, by Size (2017-2030)

12.4.9.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.5. Latin America

12.5.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.5.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.5.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.5.4. Market Revenue and Forecast, by Size (2017-2030)

12.5.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.5.6. Brazil

12.5.6.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.5.6.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.5.6.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.5.6.4. Market Revenue and Forecast, by Size (2017-2030)

12.5.6.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

12.5.7. Rest of LATAM

12.5.7.1. Market Revenue and Forecast, by Vehicle Type (2017-2030)

12.5.7.2. Market Revenue and Forecast, by Vendor Type (2017-2030)

12.5.7.3. Market Revenue and Forecast, by Fuel Type (2017-2030)

12.5.7.4. Market Revenue and Forecast, by Size (2017-2030)

12.5.7.5. Market Revenue and Forecast, by Sales Channel (2017-2030)

Chapter 13. Company Profiles

13.1. CarMax Business Service, LLC

13.1.1. Company Overview

13.1.2. Product Offerings

13.1.3. Financial Performance

13.1.4. Recent Initiatives

13.2. Alibaba.com

13.2.1. Company Overview

13.2.2. Product Offerings

13.2.3. Financial Performance

13.2.4. Recent Initiatives

13.3. Asbury Automotive Group

13.3.1. Company Overview

13.3.2. Product Offerings

13.3.3. Financial Performance

13.3.4. Recent Initiatives

13.4. Hendrick Automotive Group

13.4.1. Company Overview

13.4.2. Product Offerings

13.4.3. Financial Performance

13.4.4. Recent Initiatives

13.5. Scout24 AG

13.5.1. Company Overview

13.5.2. Product Offerings

13.5.3. Financial Performance

13.5.4. Recent Initiatives

13.6. TrueCar, Inc.

13.6.1. Company Overview

13.6.2. Product Offerings

13.6.3. Financial Performance

13.6.4. Recent Initiatives

13.7. Lithia Motor Inc.

13.7.1. Company Overview

13.7.2. Product Offerings

13.7.3. Financial Performance

13.7.4. Recent Initiatives

13.8. Group 1 Automoitve Inc.

13.8.1. Company Overview

13.8.2. Product Offerings

13.8.3. Financial Performance

13.8.4. Recent Initiatives

13.9. AutoNation Inc.

13.9.1. Company Overview

13.9.2. Product Offerings

13.9.3. Financial Performance

13.9.4. Recent Initiatives

13.10. eBay Inc.

13.10.1. Company Overview

13.10.2. Product Offerings

13.10.3. Financial Performance

13.10.4. Recent Initiatives

Chapter 14. Research Methodology

14.1. Primary Research

14.2. Secondary Research

14.3. Assumptions

Chapter 15. Appendix

15.1. About Us

15.2. Glossary of Terms

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Precedence Research is a Canada/India based company and one of the leading providers of strategic market insights. We offer executive-level blueprints of markets and solutions beyond flagship surveys. Our repository covers consultation, syndicated market studies, and customized research reports. Through our services we aim at connecting an organization’s goal with lucrative prospects globally.

From gauging investment feasibility to uncovering hidden growth opportunities, our market studies cover in-depth analysis, which also is interspersed with relevant statistics. Recommendation are often enclosed within our reports with the sole intent of enabling organizations achieve mission-critical success.

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Janet Edward

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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