Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Used Passenger Car Market by Type (Petrol Vehicles, Diesel Vehicles, Hybrid Vehicles, Electric Vehicles), By Application (Organized, Unorganized, Consumer to Consumer) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Used Passenger Car Market by Type (Petrol Vehicles, Diesel Vehicles, Hybrid Vehicles, Electric Vehicles), By Application (Organized, Unorganized, Consumer to Consumer) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 140318 3300 Automobile & Transportation 377 230 Pages 5 (34)
                                          

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:

  1. 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.
  2. 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.
  3. 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 Industry Outlook


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:

  1. CarMax Business Services, LLC
  2. AutoNation.com
  3. Penske Automotive Group, Inc.
  4. America’s CAR-MART Inc.
  5. Lithia Motors Inc.
  6. Sonic Automotive Inc.
  7. Auto Trader Ltd.
  8. CarWale India
  9. MXC Solutions India Pvt Ltd.
  10. Maruti Suzuki India Ltd.
  11. Tata Motors Ltd.
  12. Mahindra First Choice Wheels Ltd.

Global Used Passenger Car Market Overview


Highlights of The Used Passenger Car Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Petrol Vehicles
    2. Diesel Vehicles
    3. Hybrid Vehicles
    4. Electric Vehicles
  1. By Application:

    1. Organized
    2. Unorganized
    3. Consumer to Consumer
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. 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:

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  • Product & Brand Management
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  • Identifying Appropriate Advertising Appeals

Global Used Passenger Car Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. 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. America’s 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

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