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Used Cars Market Share

Report ID: GMI5019
Published Date: Nov 2023
Report Format: PDF

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Used Cars Market Share

Major players operating in the used cars industry are:

Arnold Clark Automobiles Ltd.
Asbury Automotive Group Inc.
AutoNation Inc.
AutoScout24
Universal Motor Agencies
CarMax Inc.
Carvana
Cox Automotive Inc. (Autotrader)
Emil Frey AG
Group 1 Automotive Inc.
Inchcape Group
Lithia Motors Inc.

Companies in the used car market employ diverse strategies to fortify their presence. This includes embracing online platforms like Carvana and AutoScout24, implementing certified pre-owned programs, enhancing customer trust with transparent vehicle histories, and expanding dealership networks for wider market reach.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of used cars was worth over USD 1.5 trillion in 2022 and is expected to register 5.2% CAGR through 2032, due to rising preference for attractive options amongst budget-conscious consumers worldwide.

The gasoline fuel type segment held over 64% share of the used cars market in 2022 and is expected to register appreciable CAGR from 2023 to 2032, owing to the extensive infrastructure support for gasoline vehicles.

Europe held over 35% share of the used cars industry in 2022 and is expected to register commendable CAGR from 2023 to 2032, due to the growing number of consumers seeking cost-friendly alternatives in the region.

Arnold Clark Automobiles Ltd., Asbury Automotive Group Inc., AutoNation Inc., AutoScout24, Universal Motor Agencies, CarMax Inc., Carvana, Cox Automotive Inc. (Autotrader), and Emil Frey AG are some of the major used cars companies worldwide.