Russia Used Car Market is Driven By Increase in the Number of Value Added Services Offered by Online Used Car Companies and Rise in Offline Dealers: Ken Research


Rise in the number of value added services offered by used car dealers in Russia, expansion of online companies by offering promotional advertisement of used cars, rise in demand for used cars with increase in average replacement age of used cars, expansion of used cars market with increase in car loan finance services will be the key factors driving growth in Russia Used Car Market.

The report titled Russia Used Car Market Outlook to 2022 – by Type of Car (Sedans, Crossovers and SUVs, Hatchbacks and Others include Micro Vans and MPVs) by Car Age, by Distribution Channels (Dealers and Online) by Ken Research suggests a growth at a CAGR of 2.3% in terms of volume sales generated through Russia used car market during the forecast period.

Russia car with a mileage market is in developed stage and has surged owning to the growing number of sales of used car through online distribution channel. Online used car market of Russia is increasing rapidly as three major online companies such as Auto.RU, Avito.RU and CarPrice.RU covers maximum share of online used car market sales. Rise in services offered by used car dealers such as after sale services, proper availability of knowledge and history about used cars through company website, offering various brands of cars in one single roof, and charging of less percentage of commission as compared to other countries used car market. Listing of cars after proper inspection, Car loan finance and insurance services attracts major customers in Russia to purchase used car through dealers. Dealers used car market has the maximum potential to grow in future as there is shift in purchasing behaviour of people in Russia and dealers are providing more value added services to its customers to overcome trust issues of people in Russia.

Online companies requires huge amount of capital investment to increase their market share in future. Online “car with a run” market companies need high amount of funding through various investors to sustain themselves in the market as these companies are charging very low commission on total transaction cost which can barely generate profit for the firm. Online used car companies are totally dependent on funding to make their companies grow and investors are investing huge amount on large companies and this lead to increase in amount of fund allotted to the online used car market companies and it is expected that the allotted fund to online companies would increase in future with increase in the market size of a company.

High average replacement age of cars is a major restriction for Russia used car market. Russia has been suffering from the economic slowdown in the country caused by the decline in crude oil prices during the year 2014-2015 along with various international sanctions were being imposed on Russia which lead to decline in purchasing power of the people and reduction in their per capita income. This leads to increase in average replacement age of cars in Russia and people in Russia highly prefer used cars with low price. Increase in private ownership of cars in Russia has rapidly increased and it is expected that it would further increase in future with increase in replacement age of cars in Russia as more number of people can afford aged cars at less price.


Used Cars Industry in Russia

Cars with a Run industry Russia

Cars with Mileage Market Russia

Sales of Cars with Mileage

Car Brands with Mileage

Preowned Car Market Russia

Demand for Old Cars in Russia

Average Price Used Car Russia

Major Dealers Russia Used Car

Online Used Car Companies Russia

Online Used Car Major Companies

Russia Online Used Car Financing Market

Russia Online Used Car Market

Russia Online Used Car Industry

Russia Online Second Hand Car Sales

Russia Used Buses Market

Car Auction Market Russia

Russia Used Car Ecosystem

Cars with a mileage Russia sales volume

Russia Used Car Financing Market

Russia Used Car Market

Russia Car Dealer Market

Russian internet site for used cars

Used Car Loan Russia

Used Car Market Trends in Russia Market Share Russia

Used cars Sales Russia

Russia Online Car Broker Market

Used car Industry Revenue Russia

Hatchback used cars Russia

Sedan used car Market Russia

Foreign used cars Industry Russia

Best Selling Used Cars in Russia

Imported used cars Market Russia

Pre-owned Car Sales in Russia

Used Cars for Sale in Russia

Used Lada Growth in Russia

Yandex Acquire

Used Car Listing in Russia

Russia Automotive Aftermarket Industry

Used Toyota SUV Used Listings

Used Car Financing Market

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Ankur Gupta, Head Marketing & Communications