The Used Car Market continues to exhibit resilience and growth amid evolving consumer preferences and economic landscapes. This segment's dynamism is underscored by key takeaways indicating shifting trends and emerging opportunities.
The used car market is estimated to be valued at US$ 1.78 Trillion in 2024 and is expected to reach US$ 2.73 Trillion by 2031, growing at a...
The used car market offers pre-owned vehicles at lower prices compared to new vehicles, making car ownership affordable for cost-conscious consumers. Used vehicles come with an established maintenance history and require fewer spendings overall compared to new vehicles. The growing need for affordable mobility solutions is a key factor propelling growth in the used car market.
The global used...