Used Cars Market by Type and Geography - Forecast and Analysis 2020-2024

Used Cars Market by Type and Geography - Forecast and Analysis 2020-2024

Global Used Cars Market: About this market

Technavio’s used cars market analysis considers sales from various outlets such as franchises, independent car dealers, rental car companies, and private party sales. Our report also considers the sales of used cars in APAC, Europe, MEA, North America, and South America. In 2019, the mid-size cars segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as comfort, safety, cost of ownership, and warranty will play a significant role in the mid-size cars segment to maintain its market position. Also, our global used cars market report looks at factors such as growing sales of used cars through online platforms and growing demand for used cars in emerging economies. However, inventory management issues faced by automotive dealers, real estate constraints in terms of space and cost, and growing popularity of the car-subscription model may hamper the growth of the used cars industry over the forecast period.

Global Used Cars Market: Overview

Growing demand for used cars in emerging economies

The demand for used cars is increasing at a faster pace in emerging economies than the developed economies. China’s Ministry of Commerce allowed the export of used cars from China, which is expected to create a flow of used cars in the international market. Similarly, other economies in Africa, such as Nigeria, Algeria, Egypt, Morocco, and Tunisia, are also witnessing a strong demand for used cars leading to the expansion of the global used cars market at a CAGR of over 5% during the forecast period.

Improved touchpoint management

Automotive dealers with websites for used cars are increasingly using touchpoint management technologies to get feedback from their customers. A used car website becomes the primary touchpoint and helps the potential buyer to research about various car models, features, prices, and locations. Hence, it is imperative for online used car dealers to create an attractive website to draw the attention of customers. This development is expected to have a positive impact on the overall market growth.

For the detailed list of factors that will drive the global used cars market during the forecast period 2020-2024, click here.

Competitive Landscape

With the presence of several major players, the global used cars market is fragmented. Technavio’s robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading used cars manufacturers, that include Alibaba Group Holding Ltd., Asbury Automotive Group Inc., AutoNation Inc., Cox Automotive Inc., eBay Inc., Emil Frey AG, Maruti Suzuki India Ltd., Pendragon PLC, Penske Automotive Group Inc., and TrueCar Inc.

Also, the used cars market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global vehicles in operation
      • Table Segments of global vehicles in operation
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Product portfolio of key vendors
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2019
      • Table Market size 2019
    • Market size and forecast 2019-2024
      • Table Global market: Size and forecast 2019-2024 (million units)
      • Table Global market: Year-over-year growth 2020-2024 (%)
  • Five forces analysis
    • Table Five forces analysis 2019
    • Table Five forces analysis 2024
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2019
  • Market segmentation by type
    • Table Type - Market share 2019-2024 (%)
    • Comparison by type
      • Table Comparison by type
    • Mid-size cars - Market size and forecast 2019-2024
      • Table Mid-size cars - Market size and forecast 2019-2024 (million units)
      • Table Mid-size cars - Year-over-year growth 2020-2024 (%)
    • Full-size cars - Market size and forecast 2019-2024
      • Table Full-size cars - Market size and forecast 2019-2024 (million units)
      • Table Full-size cars - Year-over-year growth 2020-2024 (%)
    • Compact cars - Market size and forecast 2019-2024
      • Table Compact cars - Market size and forecast 2019-2024 (million units)
      • Table Compact cars - Year-over-year growth 2020-2024 (%)
    • Market opportunity by type
      • Table Market opportunity by type
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2019-2024 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2019-2024
      • Table North America - Market size and forecast 2019-2024 (million units)
      • Table North America - Year-over-year growth 2020-2024 (%)
    • Europe - Market size and forecast 2019-2024
      • Table Europe - Market size and forecast 2019-2024 (million units)
      • Table Europe - Year-over-year growth 2020-2024 (%)
    • APAC - Market size and forecast 2019-2024
      • Table APAC - Market size and forecast 2019-2024 (million units)
      • Table APAC - Year-over-year growth 2020-2024 (%)
    • South America - Market size and forecast 2019-2024
      • Table South America - Market size and forecast 2019-2024 (million units)
      • Table South America - Year-over-year growth 2020-2024 (%)
    • MEA - Market size and forecast 2019-2024
      • Table MEA - Market size and forecast 2019-2024 (million units)
      • Table MEA - Year-over-year growth 2020-2024 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Growing use of artificial intelligence (AI) to enhance buying experience of used cars
    • Leading economies are increasing export of used cars
    • Improved touchpoint management
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Alibaba Group Holding Ltd.
      • Table Alibaba Group Holding Ltd. - Vendor overview
      • Table Alibaba Group Holding Ltd. - Business segments
      • Table Alibaba Group Holding Ltd. - Organizational developments
      • Table Alibaba Group Holding Ltd. - Segment focus
      • Table Alibaba Group Holding Ltd. - Key offerings
    • Asbury Automotive Group Inc.
      • Table Asbury Automotive Group Inc. - Vendor overview
      • Table Asbury Automotive Group Inc. - Business segments
      • Table Asbury Automotive Group Inc. - Organizational developments
      • Table Asbury Automotive Group Inc. - Segment focus
      • Table Asbury Automotive Group Inc. - Key offerings
    • AutoNation Inc.
      • Table AutoNation Inc. - Vendor overview
      • Table AutoNation Inc. - Business segments
      • Table AutoNation Inc. - Organizational developments
      • Table AutoNation Inc. - Segment focus
      • Table AutoNation Inc. - Key offerings
    • Cox Automotive Inc.
      • Table Cox Automotive Inc. - Vendor overview
      • Table Cox Automotive Inc. - Product segments
      • Table Cox Automotive Inc. - Organizational developments
      • Table Cox Automotive Inc. - Key offerings
    • eBay Inc.
      • Table eBay Inc. - Vendor overview
      • Table eBay Inc. - Organizational developments
      • Table eBay Inc. - Geographic focus
      • Table eBay Inc. - Key offerings
    • Emil Frey AG
      • Table Emil Frey AG - Vendor overview
      • Table Emil Frey AG - Product segments
      • Table Emil Frey AG - Organizational developments
      • Table Emil Frey AG - Key offerings
    • Maruti Suzuki India Ltd.
      • Table Maruti Suzuki India Ltd. - Vendor overview
      • Table Maruti Suzuki India Ltd. - Product segments
      • Table Maruti Suzuki India Ltd. - Organizational developments
      • Table Maruti Suzuki India Ltd. - Geographic focus
      • Table Maruti Suzuki India Ltd. - Key offerings
    • Pendragon PLC
      • Table Pendragon PLC - Vendor overview
      • Table Pendragon PLC - Business segments
      • Table Pendragon PLC - Organizational developments
      • Table Pendragon PLC - Segment focus
      • Table Pendragon PLC - Key offerings
    • Penske Automotive Group Inc.
      • Table Penske Automotive Group Inc. - Vendor overview
      • Table Penske Automotive Group Inc. - Business segments
      • Table Penske Automotive Group Inc. - Organizational developments
      • Table Penske Automotive Group Inc. - Geographic focus
      • Table Penske Automotive Group Inc. - Segment focus
      • Table Penske Automotive Group Inc. - Key offerings
    • TrueCar Inc.
      • Table TrueCar Inc. - Vendor overview
      • Table TrueCar Inc. - Business segments
      • Table TrueCar Inc. - Organizational developments
      • Table TrueCar Inc. - Segment focus
      • Table TrueCar Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
    • Definition of market positioning of vendors
      • Table Definition of market positioning of vendors
  • Explore Technavio

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