Title: Used Car and Refurbished Car Sales Market - Forecast(2021 - 2026)
1Used Car and Refurbished Car Sales Market -
Forecast(2021 - 2026)Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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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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Contact (1) 970-236-3677
Inquiry Before Buying
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