Press release
Used Car Market To Reach USD 2,980.2 Billion by 2030
The total value of the used car market was USD 1,749.1 billion in 2021, and it will reach USD 2,980.2 billion by 2030, growing at a compound annual growth rate of 6.10% during the course of projection period, as stated in a report by P&S Intelligence.
The organized category had a major share of revenue in the past. Various new car dealers are entering this sector and tempting clients with different trade-in packages, because of the frequently decreasing profitability in the new car market and the vehicles aging on the road.
To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/used-car-market/report-sample
The offline category had a larger share in the recent past. This is mainly due to consumers' strong fondness for buying used cars from trustworthy dealers. Before buying a used car from a dealer, people take test drive and accordingly make-up their mind. So, offline category would dominate the industry in the years to come.
The online category will experience a notable growth in the years to come. The need for initially contact dealers has reduced because of digitization. Customers eagerly engage and get info via numerous media and devices, such as personal computers and smartphones.
Inquire before purchase@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=used-car-market
North America will grow significantly in the future, thanks to the increasing sales of used cars in the U.S. and Canada, and the new cars being costly in this region. For reaching more customers, companies are trying to expand their dealership networks.
Furthermore, the region will grow considerably, because of increasing usage, of internet, online tools for purchasing or researching second-hand automobiles, warranties given on pre-owned automobiles, and numerous purchase alternatives.
About P&S Intelligence
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
The organized category had a major share of revenue in the past. Various new car dealers are entering this sector and tempting clients with different trade-in packages, because of the frequently decreasing profitability in the new car market and the vehicles aging on the road.
To receive free sample pages of this report@ https://www.psmarketresearch.com/market-analysis/used-car-market/report-sample
The offline category had a larger share in the recent past. This is mainly due to consumers' strong fondness for buying used cars from trustworthy dealers. Before buying a used car from a dealer, people take test drive and accordingly make-up their mind. So, offline category would dominate the industry in the years to come.
The online category will experience a notable growth in the years to come. The need for initially contact dealers has reduced because of digitization. Customers eagerly engage and get info via numerous media and devices, such as personal computers and smartphones.
Inquire before purchase@ https://www.psmarketresearch.com/send-enquiry?enquiry-url=used-car-market
North America will grow significantly in the future, thanks to the increasing sales of used cars in the U.S. and Canada, and the new cars being costly in this region. For reaching more customers, companies are trying to expand their dealership networks.
Furthermore, the region will grow considerably, because of increasing usage, of internet, online tools for purchasing or researching second-hand automobiles, warranties given on pre-owned automobiles, and numerous purchase alternatives.
About P&S Intelligence
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
Contact:
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
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