The used car market is expected to grow at a CAGR of 6% during the forecast period. This market growth can be attributed to various factors including Increasing number of new models of cars launched due to high competition, Declining ownership cycle of vehicles among urban consumers in emerging countries, and Excellent value for money proposition of used cars.
The used car market report offers several other valuable insights such as:
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive used car market growth during the next five years
- Precise estimation of the used car market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the used car market industry across North America, Europe, APAC, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of used car market vendors
