China Used Car Market is anticipated to reach 385 Billion by the end of the year 2025. The global used car market report is an in-depth study of economic growth indicators, drivers, and forecasts during 2018-2026. However, it had already been in decline since the height of 8.1m transactions in … Press release - QualiKet Research - Global Used Cars Market 2020 - Size, Analysis and Forecast Report by 2027 - published on openPR.com The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. On one hand, the demand for new cars … Industry Trends. The Used Car and Refurbished Car Market 2020-2026 Size, Forecast and Overview on Current Market Trends. The implementation of stringent emission regulations by governments across the globe is fueling the adoption of urban mobility solutions, driving the market … Source: Autovista Group. Malaysian Used-Car Market to See a Downtrend until 2020, Finds Frost & Sullivan. This report highlights market conditions and buyer and seller strategies within the used vehicle marketplace, provides an update on digital and mobile technology developments. The US used-car market is more than twice the size of the new-car segment and is outpacing it in growth. At the same time, used car prices are expected to decline through 2020, which means it's a good time to be a used-car buyer but not great if you're a seller. Report Description Global Used Car Market provides a broad analysis about the market size, share, and market segmentation. Expected decline in new car prices takes customers’ attention away from used cars Kuala Lumpur, Malaysia, 12 May 2015 – Used cars have attracted some customers in Malaysia as they are typically 30 percent cheaper than their brand-new counterparts. The China used car market is expected to record a CAGR of more than 16% over the forecast period from 2014 to 2017 with expected transaction reaching a volume of more than 9.50 million in the year 2017 as per Sino Market Insight. Valuation trends in the used car market are often among the leading indicators of the auto industry’s overall strength. Edison, NJ -- -- 03/09/2021 -- The Global Used Car Market has witnessed continuous growth in the past few years and may grow further during the forecast period (2020-2026).The assessment provides a 360° view and insights, outlining the key outcomes of the industry, current scenario witnesses a slowdown and study aims to unique strategies followed by key players. Global Used Car Market: An Overview. With changing market conditions, rental car fleet liquidations, and lease return delays, used car prices have fluctuated greatly. You may want to hold off on buying a used car, or even consider a new one. Used Car Market research report provides a clear understanding of growth opportunities, new entrants and their profitable approaches to secure a dominant position in the market. Similarly, other economies in Africa, such as Nigeria, Algeria, Egypt, Morocco, and Tunisia, are also witnessing a strong demand for used cars leading to the expansion of the global used cars market at a CAGR of over 5% during the forecast period. Market Research Future (MRFR) expects the global car wash machine market to hit USD 3.18 billion with a 4.07% CAGR from 2018 to 2025 (forecast period). Print. The Insights team has also forecast the used car market, projecting 6.41m transactions by the end of 2020 with a shortfall of more than one million transactions against initial forecasts. The Indian used car market was valued at USD 24.24 billion in 2019, and it is expected to register a CAGR of 15.12% during the forecast period (2020-2025). The car market is changing. In our used-car pricing data, we see only the most gradual decline in RVs between the beginning of February 2020 and today (Fig. The Used Car market report also provides the client with essential market … The global used car market is predicted to reach 275.3 million units by 2030, from 115.2 million units, and is projected to advance at an 8.7% CAGR during the forecast period (2020–2030), as per a … Industry experts cite that Used Car and Refurbished Car market is expected to accrue notable returns, registering a CAGR of XX% over the forecast period 2021-2026. Press Release Used Car and Refurbished Car Market 2021 Industry Size, Share, Price, Trend and Forecast to 2026 Published: Jan. 27, 2021 at 6:27 a.m. The global used car market is predicted to reach 275.3 million units by 2030, from 115.2 million units, and is projected to advance at an 8.7% CAGR during the forecast … The study evaluates key aspects of Used-car Trading E-commerce market in terms of the demand landscape, driving factors and growth strategies adopted by market players. So that it can help understand the dynamics of the industry and make strategic... Used Car Market Share 2021 |COVID-19 Outbreak and Global Countries Data, Expand at a CAGR Forecast 2024: Top Competitor Analysis Covering Market Demand, Size & Growth - The Cowboy Channel Car wash systems are systems used … 24 billion in 2019, and it is expected to register a CAGR of 15. The Manheim annual Used Car Market report examines the economic underpinnings of the entire used vehicle market and sector-specific trends that influence the supply and pricing of used vehicles. Previously known as the Manheim Used Car Market Report, the book has been reinvented for its 23rd edition. The used car market evolved in the country, with the growth of the organized and semi-organized sector. Global Automotive Equipment Leasing Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion Passenger Car RentalPassenger Car … Used-car market in ‘strange moment' David Muller Tweet Share Share Email More. The Used Car Market study offers a thought-out study of the investors, stakeholders, players, and new entrants. McKinsey’s auto retail micro-market model (ARM 3 ) for used-car demand in the United States estimates that Americans buy 39.4 million used cars each year, versus 17.3 million new ones (2018), and that used-vehicle sales will increase faster than new-vehicle sales over the next five years. Car Sharing Market size exceeded USD 2.5 billion in 2019 and is poised to grow at a CAGR of over 24% between 2020 and 2026. Moving ahead, the research literature hosts detailed segmentation data, followed by in-depth profiles of leading companies across the various geographies. Figure 1: Change in used-car sales by dealers via automotive portals, w/w in % since February 2020. Our reports on used car market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. A comprehensive research study on Used-car Trading E-commerce market available at MarketStudyReport.com provides insights into the market size and growth trends of this industry over the forecast timeline. ... A five-year forecast of the market and noted trends; 12% during the forecast period (2020-2025). Car ownership has increased with which the China used car market is developing very fast. China Used Car Market Insights & Forecast Report 2020-2024 with Potential Impact of COVID-19 - ResearchAndMarkets.com January 29, 2021 05:02 AM Eastern Standard Time. The used car market is expected to witness major growth during the forecast period. Used Car Dealers in the US industry outlook (2020-2025) poll Average industry growth 2020-2025: x.x lock Purchase this report or a membership to unlock the average company profit margin for this industry. The global Used Car market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of xx% in the forecast period of 2020 to 2025 and will expected to reach USD xx million by 2025, from USD xx million in 2019. 2) … Market Overview. The report also offers the latest disruption in the Used Car Market and gives comprehensive market intelligence report. The Indian used car market was valued at USD 24. China’s Ministry of Commerce allowed the export of used cars from China, which is expected to create a flow of used cars in the international market. According to “ India Used Car Market By Vehicle Type, By Sector, By Sales Channel, By Fuel Type, Competition Forecast & Opportunities, 2012 – 2022 ”, India used car market is projected to reach over $ 66 billion by 2022, on the back of growing population and rising urbanization in the country. Sales of used cars are expected to continue rising through 2020, including more than 39 million cars sold by the end of 2018, according to Edmunds.com and other auto information groups. Cascade Auto Group dealer principal Pat Primm says he is being cautious. The global used car market is projected to reach 128.42 million units by 2021, growing at a CAGR of more than 7% over the forecast period, according t The Used Car Market Report & Outlook has been expanded to include perspectives from across Cox Automotive’s family of brands, while still maintaining the long tradition of packing its pages with salient data, smart insights and keen industry observations. Before you consider buying your leased car, you’ll want to look at what similar used cars are selling for in the marketplace to see if you can buy one for less. Pricing heading down. In China, used-cars are sold by Organized Dealers, Unorganized / Independent Dealers, and through online sites like Guazi.com, Uxin Group (xin.com), Renreche (renrenche.com), Souche.com, etc. 41 million used vehicles are sold each year in the U.S. and Covid-19 is accelerating their popularity in the auto market among both consumers and car dealers, but demand is driving up prices. ET Consumer Reports explains what you need to know.