Russia Used Car Market Sale Is Expected To Reach 5.9 Million Units by 2022: 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 Russia Used Car Market by type of car sale (Sedans, Crossovers and SUVs, Hatchbacks and Others include Micro Vans and MPVs) by Car Age (Less Than Five Years, Five to Ten Years and More Than Ten Years) by Distribution Channels (Dealers and Online) by Region (Moscow Region, Moscow, Krasnodar Region, St. Petersburg, Rostov Region and Others) by Origin of Cars (Foreign Cars and Domestic Cars) including competition parameters of Auto.RU, Avito.RU, CarPrice.RU for online companies and Rolf Group, TransTehService and Major Group for Dealerships. Ken Research in its latest study, “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)” suggests that the demand for used cars in Russia would continue to grow owing to expansion in online used car companies service portfolios, expansion in the number of dealers for sale used cars, increase in the number of used cars in Russia with increase in average replacement age of cars, rise in sale of used cars through online distribution channel, increase in car loan finance services. Increase in Average Replacement Age of Cars lead to decline in sale of used car market in Russia as people tends to purchase more of used cars which are in the bracket of 5-10years. Used car loan finance services in Russia has increased and it is expected that it would increase further in future as major used car dealers such as Rolf Group, TTS and Major Group are focusing to expand their used car loan financing services in future. Sale of used cars is expected to increase majorly through the online distribution channel as people in Russia mainly prefers to purchase used cars through C2C sites which eliminates the commission margin of middle men. Growth in Russia used car market will be facilitated by the increase in the number of online used car companies, increase in average age of cars, increase in car loan finance services; rise in value added services offered through both online and dealers of used car companies and increase in number of quality checks and car inspection with adequate number of tests. Major online used car company’s capturing the major market share of online used car sale is Auto.RU, Avito.RU and CarPrice.RU. Functioning of used car online companies is majorly dependent on funding through large investors such as Almaz capital, Baring vostok capital partners and many others. It is expected that the funding received to online companies will increase in future as online used car market has the highest potential to grow in future. Russia used car market is expected to grow in future as there has been increase in amount of loan sanctions for used cars and major online and offline dealers are focusing towards expanding their services in providing loans to used car which will automatically leads to increase in sale of used car market in Russia. The economic slowdown would attract more number of people to purchase used cars in Russia as they can easily afford an aged used car due to its low price. Russia Used Car Market is expected to increase in future as there is increase in rate of private ownership of cars among people in Russia and due to high average price of new cars people would be purchasing more number of used cars in future as they would get top brand cars which is less driven, having good quality and are well maintained at much lower price than that of new car. 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