Reduction in Average Ownership of Cars Supported by Ease in Financing of Used Cars to Drive Indonesia Used Car Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The Used Car Industry Is projected to grow at a phenomenal CAGR during 2017-2021 on the basis of Transaction Value, amounting to USD 9.9 billion during 2021. The stable change in market structure of the used car industry from an unorganized market structure to a relatively organized market, rising discretionary spending of individuals and reduction in ownership patterns in expected to augment sales of used cars. The reduction in ownership pattern will cause influx of a wide variety of car models into the used car industry, giving customers more choice while purchasing used cars. Ken Research announced its latest publication on “Indonesia Used Car Industry Outlook to 2021 – Increasing Online Used Car Portals and Competitive Used Car Financing Schemes to Foster Future Growth” provides a comprehensive analysis regarding the performance of the Used Car Industry in Indonesia. The gross transaction value and sales volume of the industry have been segmented on the basis of organized and unorganized market. The market has also been segmented by sales volume on the basis of type of car, major cities, marketing channels and vehicle use. The report also covers market share in the online segment along with the competitive landscape of used car companies, used car financing schemes, government regulation and working model of the Used Car industry. This report will help industry consultants, local used car dealers, online auto classified portals, multi-brand used car showroom dealers, potential entrants and other stakeholders to align their market centric strategies according to the ongoing and expected tr ends in the future. The transaction value generated from the sale of used cars in Indonesia is projected to grow manifold in the coming years during the period 2017-2021. The entry of new players including multi-brand outlets and online aggregators in expected to further stimulate growth in revenues of the used car industry. The market is expected to be driven by higher sales of luxury cars and MPV’s due to the increasing brand consciousness coupled with the growth in number of large families. The reduction in ownership pattern will cause an influx of a wide variety of car models into the used car industry, giving customers more choice while purchasing used cars. Financial institutions will look to tap the growing potential of the used car industry by offering lucrative loans at low interest rate and easy payment plans to incentivize more customers to purchase used cars. The increasing presence of online auto classified portals including Carmudi, Mobilwow, Rajamobil and Mobil123 will ease transactions, causing higher C2C sales of used cars in the future. Local dealers will continue to dominate the used car industry in the future as a result of the lucrative pricing offered by them for a variety of car brands and models. In addition to this, one-on-one interaction between dealer and buyers has incentivized the latter to use this channel to procure used cars. According to Research Analyst at Ken Research, the government of Indonesia should charge a one-time fee for STNK (vehicle registration) which should include legal fees, taxes and road insurance. This would simplify the whole process of car ownership transfer between the first and second owner and a single fee charged for the whole process would cost much lower compared to the current process followed. Moreover, local dealers use online auto portals, newspaper advertisements and word of mouth marketing to sell their used car inventory. Indonesians are willing to pay a higher price for quality cars that offer maximum reliability. Dealers can offer an increased warranty period, on-road assistance and quality after sales support for the higher price charged. Key Topics Covered in the Report:- Value Chain Analysis in Indonesia Used Car Industry Indonesia Used Car Market Size on the basis of Gross Transaction Value and Sales Volume Market Structure (organized/Unorganized) in Indonesia Used Car Industry Market Segmentation of Indonesia Used Car Industry on the basis of type of used car, marketing channels, major cities, year of manufacture, vehicle use and other Customer profile in Indonesia Used Car Market on the basis of Age Group, Income and Gender Government Regulation in Indonesia Used Car Market Financing options and Schemes available to potential buyers in Indonesia Used Car Market Market Share of Major Players in Indonesia Used Car Market The various Business Models prevalent in Indonesia Used Car Market Competitive Landscape of Major Players in Indonesia Used Car Market Trends and Developments in Indonesia Used Car Market Issues and Challenges in Indonesia Used Car Market Decision Making Process for Buying a Used Car in Indonesia Indonesia Used Car Market Future Outlook and Projections on the basis of Gross Transaction Value and Sales Volume Companies Covered in the Report:- OLX Carmudi Mobil88 Mobil123 Oto Products Mentioned in the Report Hatchbacks SUV Sedan Used Cars For More Information about the publication, refer to below link:- https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/indonesia-used-car-report/79410-100.html Related Reports by Ken Research:- India Used Car Market Outlook to 2020 – Growing Preference And Emergence Of Web Aggregators Middle East Car Rental and Leasing Market Forecast To 2020 – Augmentation In Qatar And Oman Along With Rise In Car Leasing To Stimulate Growth India Used Two Wheeler Market Outlook to 2020 – Rising Sales through Online Channels and Potential Entry of OEMs to Foster Growth Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Auto Classified Portals Indonesia Performance, Buying a second Car in Indonesia, Carmudi Indonesia Performance, Carmudi Indonesia Used Cars Sold, Competition Used Car Industry, Future Growth Indonesia Used Car, Indonesia Trends Used Car, Indonesia Used Car Market, Indonesian Car Sales, Local Dealers Sales Used Cars, Market Share Mobil123, Mobil88 Market Share Indonesia, New Developments Used Car Indonesia, Olx Indonesia Used Car Sales, Pre-owned Car Sales in Jakarta, Preowned Car Market, Preowned Car Sales Indonesia, Second Hand Car Industry Growth, Second Hand Car Market in Indonesia, Statistics Used Car Transaction Volume, Used Car Dealer Sales, Used Car Models Sales in Indonesia, Used Car Sales Growth, Used Car Sales Indonesia