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 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 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. 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