The global used passenger car market is expected to grow at a CAGR of 3.5% during the forecast period, from 2021 to 2030. The growth in this market is attributed to the increasing demand for used cars in emerging economies such as India and China. The increasing disposable income of people in these countries has led to an increase in the number of people opting for second-hand cars, which are cheaper than new ones. In addition, the growing awareness about environmental issues has led many consumers to opt for electric vehicles (EVs) and hybrid vehicles (HEVs). This trend is expected to continue during the forecast period owing to government regulations on emissions and fuel efficiency standards that will be implemented by 2020.
Some Of The Growth Factors Of This Market:
- The Used Passenger Car market is driven by the increasing demand for used cars in emerging economies such as India and China, which are witnessing an increase in disposable income levels and a growing middle class population.
- The Used Passenger Car market is also driven by the increasing demand for used cars in developed economies such as the US, UK, Germany, France and Japan due to their aging populations and high vehicle ownership rates.
- Increasing environmental awareness among consumers has led to increased demand for electric vehicles (EVs) which will drive growth of the Used Passenger Car market over the forecast period 5.Increasing fuel prices have led to increased demand for hybrid vehicles (HEVs) which will drive growth of the Used Passenger Car market over the forecast period.
Industry Growth Insights published a new data on “Used Passenger Car Market”. The research report is titled “Used Passenger Car Market research by Types (Petrol Vehicles, Diesel Vehicles, Hybrid Vehicles, Electric Vehicles), By Applications (Organized, Unorganized, Consumer to Consumer), By Players/Companies CarMax Business Services, LLC, AutoNation.com, Penske Automotive Group, Inc., America’s CAR-MART Inc., Lithia Motors Inc., Sonic Automotive Inc., Auto Trader Ltd., CarWale India, MXC Solutions India Pvt Ltd., Maruti Suzuki India Ltd., Tata Motors Ltd., Mahindra First Choice Wheels Ltd.”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Used Passenger Car Market Research Report
By Type
Petrol Vehicles, Diesel Vehicles, Hybrid Vehicles, Electric Vehicles
By Application
Organized, Unorganized, Consumer to Consumer
By Companies
CarMax Business Services, LLC, AutoNation.com, Penske Automotive Group, Inc., America’s CAR-MART Inc., Lithia Motors Inc., Sonic Automotive Inc., Auto Trader Ltd., CarWale India, MXC Solutions India Pvt Ltd., Maruti Suzuki India Ltd., Tata Motors Ltd., Mahindra First Choice Wheels Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Used Passenger Car Market Report Segments:
The global Used Passenger Car market is segmented on the basis of:
Types
Petrol Vehicles, Diesel Vehicles, Hybrid Vehicles, Electric Vehicles
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Organized, Unorganized, Consumer to Consumer
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CarMax Business Services, LLC
- AutoNation.com
- Penske Automotive Group, Inc.
- America’s CAR-MART Inc.
- Lithia Motors Inc.
- Sonic Automotive Inc.
- Auto Trader Ltd.
- CarWale India
- MXC Solutions India Pvt Ltd.
- Maruti Suzuki India Ltd.
- Tata Motors Ltd.
- Mahindra First Choice Wheels Ltd.
Highlights of The Used Passenger Car Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Petrol Vehicles
- Diesel Vehicles
- Hybrid Vehicles
- Electric Vehicles
- By Application:
- Organized
- Unorganized
- Consumer to Consumer
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Used Passenger Car Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A passenger car is a vehicle designed for carrying passengers and their luggage over public roads.
Some of the key players operating in the used passenger car market are CarMax Business Services, LLC, AutoNation.com, Penske Automotive Group, Inc., America¢â‚¬â„¢s CAR-MART Inc., Lithia Motors Inc., Sonic Automotive Inc., Auto Trader Ltd., CarWale India, MXC Solutions India Pvt Ltd., Maruti Suzuki India Ltd., Tata Motors Ltd., Mahindra First Choice Wheels Ltd..
The used passenger car market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Used Passenger Car Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Used Passenger Car Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Used Passenger Car Market - Supply Chain
4.5. Global Used Passenger Car Market Forecast
4.5.1. Used Passenger Car Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Used Passenger Car Market Size (000 Units) and Y-o-Y Growth
4.5.3. Used Passenger Car Market Absolute $ Opportunity
5. Global Used Passenger Car Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Used Passenger Car Market Size and Volume Forecast by Type
5.3.1. Petrol Vehicles
5.3.2. Diesel Vehicles
5.3.3. Hybrid Vehicles
5.3.4. Electric Vehicles
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Used Passenger Car Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Used Passenger Car Market Size and Volume Forecast by Application
6.3.1. Organized
6.3.2. Unorganized
6.3.3. Consumer to Consumer
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Used Passenger Car Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Used Passenger Car Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Used Passenger Car Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Used Passenger Car Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Used Passenger Car Demand Share Forecast, 2019-2026
9. North America Used Passenger Car Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Used Passenger Car Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Used Passenger Car Market Size and Volume Forecast by Application
9.4.1. Organized
9.4.2. Unorganized
9.4.3. Consumer to Consumer
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Used Passenger Car Market Size and Volume Forecast by Type
9.7.1. Petrol Vehicles
9.7.2. Diesel Vehicles
9.7.3. Hybrid Vehicles
9.7.4. Electric Vehicles
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Used Passenger Car Demand Share Forecast, 2019-2026
10. Latin America Used Passenger Car Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Used Passenger Car Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Used Passenger Car Market Size and Volume Forecast by Application
10.4.1. Organized
10.4.2. Unorganized
10.4.3. Consumer to Consumer
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Used Passenger Car Market Size and Volume Forecast by Type
10.7.1. Petrol Vehicles
10.7.2. Diesel Vehicles
10.7.3. Hybrid Vehicles
10.7.4. Electric Vehicles
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Used Passenger Car Demand Share Forecast, 2019-2026
11. Europe Used Passenger Car Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Used Passenger Car Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Used Passenger Car Market Size and Volume Forecast by Application
11.4.1. Organized
11.4.2. Unorganized
11.4.3. Consumer to Consumer
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Used Passenger Car Market Size and Volume Forecast by Type
11.7.1. Petrol Vehicles
11.7.2. Diesel Vehicles
11.7.3. Hybrid Vehicles
11.7.4. Electric Vehicles
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Used Passenger Car Demand Share, 2019-2026
12. Asia Pacific Used Passenger Car Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Used Passenger Car Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Used Passenger Car Market Size and Volume Forecast by Application
12.4.1. Organized
12.4.2. Unorganized
12.4.3. Consumer to Consumer
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Used Passenger Car Market Size and Volume Forecast by Type
12.7.1. Petrol Vehicles
12.7.2. Diesel Vehicles
12.7.3. Hybrid Vehicles
12.7.4. Electric Vehicles
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Used Passenger Car Demand Share, 2019-2026
13. Middle East & Africa Used Passenger Car Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Used Passenger Car Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Used Passenger Car Market Size and Volume Forecast by Application
13.4.1. Organized
13.4.2. Unorganized
13.4.3. Consumer to Consumer
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Used Passenger Car Market Size and Volume Forecast by Type
13.7.1. Petrol Vehicles
13.7.2. Diesel Vehicles
13.7.3. Hybrid Vehicles
13.7.4. Electric Vehicles
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Used Passenger Car Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Used Passenger Car Market: Market Share Analysis
14.2. Used Passenger Car Distributors and Customers
14.3. Used Passenger Car Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. CarMax Business Services, LLC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. AutoNation.com
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Penske Automotive Group, Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Americas CAR-MART Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Lithia Motors Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Sonic Automotive Inc.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Auto Trader Ltd.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. CarWale India
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. MXC Solutions India Pvt Ltd.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Maruti Suzuki India Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Tata Motors Ltd.
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Mahindra First Choice Wheels Ltd.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook