The used car market in the accelerating world is expected to exceed \$1.5 trillion by 2031.
The global used car market recorded approximately \$775.9 billion in 2022 and is projected to surge to \$1.5903 trillion by 2031, gearing up for significant growth. This remarkable expansion is supported by a compound annual growth rate (CAGR) of 8.30% during the forecast period from 2023 to 2031. The global used car market signifies a broad shift towards affordable, sustainable, and responsible consumption. Buyers are recognizing the value of well-maintained used cars as they seek reliable transportation without compromising on quality. For application methods, please check the [PDF download] button or apply directly through the related links.
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Overview of Segmentation The global used car market is classified based on type, fuel type, distribution channels, and region. By Type Hatchback Sedan SUV By Fuel Type Gasoline Diesel Others By Distribution Channel Franchise Dealers Independent Dealers Others Key Companies: Asbury Automotive Group Inc TrueCar Inc AutoNation Inc Mahindra First Choice Wheels Ltd Big Boy Toyz Ltd Group1 Automotive Inc Lithia Motors, Inc CarMax Business Services, LLC Hendrick Automotive Group Vehicle24 Services Private Limited
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