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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Australia Used Car Market Share
Petrol-based used cars occupy a significant portion of the Australia used car market, owing to the presence of an extensive range of vehicles that rely on petrol as their fuel source. Petrol also offers cost-effective pricing compared to other fuel sources, which makes it a viable option for used cars.
Moreover, electric-based used cars are expected to witness an upward trajectory in the coming years as there is a heightened focus on the reduction of carbon emissions caused by the automotive sector, which is anticipated to present opportunities for electric and hybrid vehicles driving the Australia used car industry growth.
Australia Used Car Market Report Snapshots
Australia Used Car Market Size
Australia Used Car Market Share
Australia Used Car Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market was valued at USD 43.80 billion in 2023.
The Australia used car market is assessed to grow at a CAGR of 5.5% between 2024 and 2032.
The market is estimated to witness healthy growth during 2024-2032 to reach around USD 71.66 billion by 2032.
The major market drivers are the rising cost of new vehicles, the growth of online platforms selling used cars, and technological advancements in second-hand cars.
The key trends of the market include the burgeoning popularity of SUVs in the country, growing demand for certified pre-owned cars (CPO) in Australia, and rising investments in used car platforms.
The major regions in the market are New South Wales, Victoria, Queensland, Australian Capital Territory, Western Australia and others.
Different vendor types are organised and unorganised.
The market's key players are Global Cars Aus Pty Ltd., Jowett Motor Group, BMW AG, Toyota Motor Corp., Cartopia Pty Ltd, carsales.com Ltd, Webb Auto Sales, Carsguide Autotrader Media Solutions Pty Ltd., and Southport Car Sales, among others.
Based on sales channels, market segmentations include online and offline.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124