(Pages 100), The Global Used Cars Market Size was exhibited significant grow and will generate revenues of the USD xx.xx Billion up to 2025 in coming years. The average growth of the global market is expected to 8.76% CAGR from 2017-2025, as reported in the latest study by our industry experts and analyst.

Used Car Market Size: Introduction

The market of used cars has been quite old, as the passion of personal vehicles and their updation is not just a requirement, but for some it is more like a competition. Earlier, the second hand car market was not so much synchronized and arranged, but with time it has taken a whole new shape and selling and buying of used car has become very much hassle-free, due to entrance of vendors such eBay, Alibaba Group, and others.

Global Used Car Market Size Analysis By Region 2017-2025

Second Hand Car Or Used Cars Market: Dynamics

The used car market is anticipated to grow at a significant pace over the forecast period, owing to incredible worth of money invested on second hand cars. Rising number of car launches of new models and variants, coupled with escalation in number of car manufacturers worldwide are another significant reasons for the growth of second hand car market. Rapid growth in advanced automotive technologies has created a huge competition in the market, which is anticipated to affect the second hand car market positively. The entrance of prominent market players such as Maruti and Mahindra & Mahindra into second hand car sales and specific dealership and warranties on second hand cars by these companies are contributing in the growth of the segment. Furthermore, availability of second hand cars at affordable rates has made it possible for even middle-class people living in developing countries to own it, which is fueling the growth of second hand car market. However, low adaptation of second hand car among upper class population can affect the growth of the market during the upcoming years.

Used Cars Market: Segment Analysis 

On the basis of engine capacity, mid-sized cars are anticipated to hold the major market share in the global second hand car market, due to escalation in employment that would enable people to buy affordable mid-size second hand car, coupled with the presence of range of mid-size car manufacturers. Addition of improved handling features in mid-size cars such as sedan is another reason for the continuous growth of the segment.

Full-size cars are anticipated to be showing significant growth due to their coverage and space features. Full-size second hand cars will be worth the price as new generation full-generation cars are embedded with latest features and control systems that gives the owner a personalized experience, hence is expected to grow considerably in the upcoming years.

Used Cars Market: Regional Analysis

North America is projected to continue holding the major revenue share in the global second-hand car market, owing to reduction in ownership cycles. Escalating demand of less used car is anticipated to boost the growth of second hand car market in North America. In 2016, America held a major market share of 48% in global second hand car market. Rapid adaptation of e-commerce and rise in number of online vendors is contributing in the growth of second hand car market in North America.

Second Hand Car Market: Key Players 

Major players operating in global second-hand car market include TrueCar, Alibaba Group, eBay, Autotrader, and Penske Automotive Group.

Global Used Cars Market Report Offer You!

Global Used Cars Market Size report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

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