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- The Global Used Car Market Primed for Growth Driven by AffordabilityThe used car market offers pre-owned vehicles at lower prices compared to new vehicles, making car ownership affordable for cost-conscious consumers. Used vehicles come with an established maintenance history and require fewer spendings overall compared to new vehicles. The growing need for affordable mobility solutions is a key factor propelling growth in the used car market. The global used...0 Commentaires 0 Parts 1293 Vue 0 Aperçu
- Understanding the Advantages and Considerations of Investing in a Previously-Owned VehicleAffordability and Value Retention One of the primary advantages of buying a used car is the potential for significant cost savings compared to purchasing new. Used cars typically come with a lower price tag, allowing buyers to stretch their budget further and potentially afford a higher trim level or additional features. Moreover, used cars depreciate at a slower rate than new vehicles, meaning...0 Commentaires 0 Parts 908 Vue 0 Aperçu
- Used Car Market is driven by growing demand for affordable vehicle optionsThe used car market deals in the sale and purchase of pre-owned or previously owned motor vehicles. Used vehicles have depreciated significantly from their initial purchase price and hence provide a more affordable mobility option. They can range from slightly used vehicles that are a few years old to older models that may be 10-15 years old. Some of the key advantages of opting for a used...0 Commentaires 0 Parts 674 Vue 0 Aperçu
- Used Car Market is Estimated to Witness High Growth Owing to Rise in Online Car Buying and RemarketingThe global used car market is estimated to be valued at US$ 1.78 trillion in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period from 2024 to 2031.Key TakeawaysKey players operating in the used car market are Arnold Clark Automobiles Ltd., Asbury Automotive Group Inc., AutoNation Inc., Autotrader, AutoScout24, Universal Motor Agencies, CarMax Inc., Carvana, Cox Automotive...0 Commentaires 0 Parts 504 Vue 0 Aperçu