Used Car and Refurbished Car Sales Market

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Used Car and Refurbished Car Sales Market
Market size, Industry outlook, Market Forecast,
Demand Analysis, Market Share, Market Report
2023-2028
Contact Venkat Reddy sales_at_industryarc.com
(1) 970-236-3677
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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.
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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.
• 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.
• Consequently, these vehicles are adding up to the
  stock of used cars and hence is a major market
  growth driver.

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By Distribution Channel- Segment Analysis The
global used car sales market is mainly bifurcated
into passenger, commercial, light commercial
vehicle, and sports cars. Further analysis of the
growth in each segment indicated passenger car
type to be the fastest growing category,
progressing with a CAGR of 13.25 going through
2025. A fundamental element motivating the growth
of this segment is the growing figure of new
models of passenger cars launched due to high
competition among OEM manufacturers. With influx
of several variants, consumers are often changing
their driving options, hence adding value to the
used car sales market size in terms of unit.
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• Used Car and Refurbished Car Sales Market
  Industry Outlook
• Autonation
• CarMax
• CarWoo
• Autotrader
• Penske Automotive Group
• Asbury Automotive Group
• Toyota
• Nissan
• Tata Motors Assured
• GeneralMotors

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Used Car and Refurbished Car Sales Market -
Forecast(2023 - 2028) Learn More About the
Report _at_ https//www.industryarc.com/Report/12/U
sed-Car-and-Refurbished-Car-Sales-Market
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• You Can Customize the Report as Per Your Need.
  We have included Some Customization Options
• Company Profile
• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
• Purchase Full Report _at_ https//www.industryarc.com
  /purchasereport.php?id12

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For More Details Contact Venkat
Reddy Contact (1) 970-236-3677 Email
sales_at_industryarc.com Connect with us on LinkedIn
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Contact (1) 970-236-3677
Inquiry Before Buying
Email sales_at_industryarc.com