- Consumer shift from public transport to personal vehicle amid pandemic with rising demand of used cars.
- Increasing awareness about buying and selling used cars through the strong advertisements and entry of new players will provide a major boost to market growth.
- Easy availability of credit for financing pre-owned cars along with attractive interest rates Entry of major emergent players with easier and user-friendly buyer experience than ever before.
Unorganised dealers dominate the Sales Volume in the Market: With majority of independent dealer in the country, the used car market is dominated by unorganized and Semi-organized dealers. Less-aged cars and popular brands with good resale value are highly valued by participants.
Millennials will rule the Consumer Segment in Used Car Market: Millennials of Age between 25-45 years will dominate the Total Used Cars Sales Volume which highlights the Consumer’s prominence in Used Car Market. The demand will be fueled by consumers not wanting to buy new cars due to several factors, including the cost of licenses, and the decline in the vehicle’s value once they are licensed.
Continuous Product Innovation and New Business Models: New business models such as “Value for Many” will redefine future business propositions and product development. The “make one, sell many” concept implies producing and selling the same product or service to the masses in developing countries or leveraging the market globally.
Digital Transformation: Online players will emphasize on integrating new-age technologies and building a robust sales network to give complete view of the car to customers. Considering the digital transformation across industries, new-age Auto Tech start-ups are emerging to disrupt the pre-owned car market. Social media will play a major role in generating leads for dealers & end consumers by virtue of offering advertisements at a lower cost with respect to other traditional marketing channels.
The report titled “Australia Used Car Market Outlook to 2026F – Driven by the consumer shift to online platforms and supply chain issues for new vehicles with an increasing trend of upgrading vehicles” provides a comprehensive analysis of the used car market and sales in Australia. The report also covers overview and genesis of the industry, used car market size in terms of total revenue generated for total used car volume sales with average price of used car and used to new car ratio; along with Used car finance market size, Used car auction market size, Online e-commerce used car market size, New car market size and market segmentation by type of market structure, type of car, type of manufacturers, by Kms driven, by age of car, by city, by source of lead generation, by age of customer and by income of consumer; snapshot on Online used Car Market, trends and developments, issues and challenges and comparative landscape including competition scenario based on cross comparison in Australia. The report concludes with future market projections of each used car segmentation and Analyst recommendations for Marketing & Promotional Strategies including Business Framework.
Australia Used Car Market
By Region-wise dealerships
New South Wales
Victoria
Queensland
Western Australia
Southern Australia
Tasmanai
By Market Structure
Organized Sector
OEM Certified Dealers
Multi-Brand Non-Franchise Dealerships
Online E-Commerce Platforms
Unorganized Sector
C2C
Auctions
Independent Brokers
Local Dealers
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By Type of Car
Sedan
Suv
Hatchback/Economy
By Manufacturer
Toyota
Ford
Holden
Mazda
Mitsubishi
Nissan
Hyundai
Mercedes-Benz
Volkswagen
Subaru
BMW
Kia
Audi
Land Rover
Suzuki
Volvo
Others
By Kms Driven
5,000-35,000
30,000-80,000
80,000-120,000
Above 120,000
By Age of Vehicle
1-2 years
2-5 years
5-10 years
10 years or more
By City
New South Wales
Victoria
Queensland
Western Australia
Southern Australia
Tasmanai
Others
By Transmission
Manual
Automatic
By Fuel Type
Diesel
Petrol
Hybrid
By Age of the Consumer
18-34
35-54
55+
By Income of the Consumer
<$50K
$50K-$99K
$100K+
By Source of Lead Generation
Online
Offline
Dealership Sites
Key Target Audience:-
Used Car Companies
OEMs
Multi-Brands
Online Used Car Portals
Used Car Financing Companies
Government Bodies
Investors & Venture Capital Firms
Used Car Dealerships
Used Car Industry
Used Car Manufacturing Companies
Used Car Distributors
Used Car Auction Houses
Used Car Associations
Time Period Captured in the Report:-
Base Year: 2021
Forecast Period: 2021–2026F
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Companies Covered:-
Major OEMs
TOYOTOA CERTIFIED PRE-OWNED
Hyundai
Kia
Ford Motors
Mazada
Mitsubishi
Volkswagon Certified Pre-Owned
Nissan Certified Pre-Owned
Subaru Certified Used Cars
Mercedes Benz Certified
Suzuki
Land Rover Approved
Audi Approved Plus
Porshe Approved
BMW Premium Certified
Volvo Selekt Automark
Toyota
Major Multi-Brands
Adelaide Vehicle centre
OZ Car
Motorama
easyauto123
carz4u
Dutton Group
Von Bibra Auto Group
Gerald Slaven
Heatland Motors
Australian Automotive Group
Autosports Group
LSH Auto Australia
DVG
Eagers Automotive
John Hughes
Tony Lahood Motors
Major Online Auto-Classifieds
Drive
Car Sales
Cartopia
Gumtree Cars
Autotrader
Cars Guide
My Moto
My Car Choice
Car City
Locanto
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Major Auction Market Players
Manheim
Auto Auction Sydney
Go Pickles
Autorola
Grays.com
City Motor Auction
Major Online E-Commerce Platform
Cars24
Carma
Key Topics Covered in the Report:-
Australia Automotive Market Overview
Australia Used Car Market Overview
Australia Used Car Auction Market
Australia Used Car Finance Market
Australia Online E-commerce Used Car Market
Market Ecosystem
Value chain Analysis
Customer Buying Journey in Australia
Decision Making Parameters for Customers
Offline and Online Business Models
Detailed Analysis on Australia Used Car Market (Market Size, 2021; Market Structure; Market Segmentations; Competition; Future Market Size, 2026; Future Trends and the Way Forward
Snapshot on Online Used Car Platforms in Australia
Snapshot of Used Car Auction House in Australia
Snapshot of Finance Market in Australia
Business Opportunity (Customer Profile Analysis)
Recommendations (Sales and Marketing Strategies, Positioning Strategies, Business Framework)
For more information on the research report, refer to below link:-
Australia Used Car Market Outlook
Related Reports:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249
