Philippines Used Car Market – Growth, Share, Trends, Size and Forecast 2026: Ken Research REQUEST FOR SAMPLE REPORT 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 Buy Now Increased Used Car Awareness: The awareness and marketing in used car market of Philippines has played an important role in changing customer’s mentality from buying a new car to a used car. Social media platforms such as Facebook has now emerged as a viable platform to deal in used cars and make people aware about the certified used cars, merits of buying a pre-owned unit and others. The recent development in increase usage of social media websites have really helped the unorganized/ C2C market of used cars in Philippines as it is free medium to market an individual unit among friends and family. Focus on Value-Added Services: Large number of dealerships and online platforms are offering value-added services such as online car evaluation, certification, vehicle inspection, financing, insurance and ownership transfer amongst others so as to enhance their margins and provide a hassle-free experience to the buyers. Emergence of Classifieds and Online Auto Portals: Currently many companies are using omni-channel strategy to reach out to the customer. This type of channel is useful as digital presence is an important parameter to improve the customer penetration while the physical presence helps in building of trust of the customers. Currently, the small multi brand used car retailers have started to operate their own Facebook pages in order to increase their reach to the correct audience. The customer uses both digital and physical channel simultaneously in order to find the best product according to their needs. The online auto portals and classified pages let the used car dealer/ individual seller to list their vehicle on their web page for a certain period of time after the payment of listing fees. The vehicles are listed on these portals in order to increase the probability of the vehicle getting sold. Impact on Used Car Sales due to Covid-19: The strict lockdown measures in the initial few months (March – May) led to the steep decline in the market. Multiple trends in the used cars industry were observed since the onset of Covid-19. Moreover, ~ 2 million Filipinos lost their jobs due to the pandemic. These car buyers were unable to pay the back the entire auto loan amount and the banks had to forfeit their cars. This led to an increased supply of bank repossessed cars in the market. The demand for used cars was on the upswing once the lockdown was lifted. The increase in the sales in the following months was sufficient to compensate for the losses incurred during the ECQ months. The used car market declined by only 4% in 2020 as against the new car market which fell by a whopping 40%. Adoption of Latest Technologies to enhance Digital Experience: Leveraging technologies such as Artificial Intelligence & Virtual Reality is expected to enhance the digital experience for consumers by offering 360° interior & exterior view of the car, estimating car price online via uploaded images, analysing consumer behavioral insights to show relevant ads according to interests & more. Analysts at Ken Research in their latest publication – “Philippines Used Car Market Outlook To 2026 (Third Edition): Driven by the Pandemic Incited New Opportunities for Used Car Dealers and Increased Penetration in the Online Space for Used Car Transactions” observed that used car market in Philippines is expected to grow in the future, with the increased awareness on health and hygiene followed by the onset of COVID-19. The demand for used cars in the market is expected to increase as the real inflation in the country is increasing year on year and the citizens are left with little cash at disposal. The increasing credit appetite of banks fueled by competition from foreign financing companies would provide a boost to the industry. The competition is expected to increase within dealerships as customers would either approach a DDSA or multi brand dealer over another individual used car seller. The Philippines Used Car Market is expected to grow at a CAGR of 7.6% on the basis of GTV (Gross Transaction Value) over the forecast period 2021P-2026F. Key Segments Covered By Market Structure Organized Unorganized By Sales Channel (Organized Segment) Multi-brand Dealers Direct Dealership Sales Agents Bank Repossessed Cars By Source of Lead generation (Organized Segment) Online Dealership walk-ins By Average Ticket Size Less than PHP 100,000 PHP 100,000-300,000 PHP 300,000-500,000 PHP 500,000-700,000 PHP 700,000-1,000,000 More than PHP 1,000,000 By Region Metro Manila Northern Luzon Southern Luzon (except Metro Manila) Visayas Mindanao By Type of Vehicle Sedan SUV Hatchback Pickup Vans MPV Others (convertibles, coupe, crossover, sports vehicles, etc.) By Fuel Gasoline Diesel Others (Hybrid and Electric) By Type of Vehicle Manufacturer Japanese Korean American Chinese German British Others By Brand Toyota Mitsubishi Hyundai Ford Nissan Honda Isuzu Suzuki Others (Kia, Mazda, Mercedes, Audi, etc.) By Average Replacement Period Less than 2 years 2-4 years 4-6 years 6-8 years More than 8 years Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTI0MDM4 By Mileage Less than 10,000 Kms 10,000-20,000 Kms 20,000-50,000 Kms 50,000-75,000 Kms 75,000-100,000 Kms Above 100,000 Kms Companies Covered OEM Dealerships Toyota Certified Nissan Intelligent Choice BMW Premium Selection Mercedes Benz Certified Pre-owned Banks (Repossessed Car Auctions) EastWest Bank Security Bank BDO Unibank Online Portals – Online Auto Classified Platforms Carmudi Carousell AutoDeal Automart Zigwheels Philkotse Multi-Brand Dealers Carmax Carmix (by Lausgroup) Automobilico All Cars Five Aces Berylle Car Sales Time Period Captured in the Report:- Historical Period – 2016-2021P Forecast Period – 2021P-2026F Key Topics Covered in the Report Executive Summary Research Methodology Philippines Used Car Market Overview Philippines Used Car Market Size, 2016-2021P Philippines Used Car Market Segmentation, 2021P Growth Drivers in Philippines Used Car Market Issues and Challenges in Philippines Used Car Market Government Regulations Ecosystem and Value Chain of Used Car Industry in Philippines Customers Purchase Decision Making Parameters Cross Comparison between Major OEMs and Multi-brand Dealers and Company Profiles & Product Portfolios Snapshot on Online Used car market Philippines Ancillary Services Market Future Market Size and Segmentations, 2021P-2026F Covid-19 Impact on the Industry & the way forward Analysts’ Recommendations For more information on the research report, refer to below link: Philippines Used Car Market Outlook to 2026 (Third Edition) Related Reports Singapore Used Car Market Outlook to 2025: Increasing Used Cars Demand Due to the Pandemic Contributes to Increase in Used Cars Sales during the Economic Crisis South Korea Used Car Market Outlook to 2026: Relaxed Government Regulations on Big Companies Entering Used Car Market to Facilitate Increase in the Used Cars Sales and Improve the Organized Market Share Malaysia Used Car Market Outlook To 2025 (Second edition) – Growth of Online Used Car Platforms and increased shift from using public transport to personal cars, fueled by Covid-19 to accelerate Industry’s Growth Follow Us LinkedIn | Facebook | Twitter | YouTube Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: AutoDeal Philippines Number of Listings, AutoDeal Philippines Users, Automart Philippines Number of Listings, Bank Repossessed Cars in Philippines, BMW Premium Selection Philippines Used Car Market, Buy Now Pay Later in India Research Report, Carmudi Philippines Number of Listings, Carmudi Philippines Users, Carousell Philippines Number of Listings, Carsome Philippines, Covid-19 Impact Philippines Used Car Market, Future plan of Used Cars in Philippines, Honda Market Share, Industry Research Report Of Philippines Used Card, Market Research Report Of Philippines Used Car, Mercedes Benz Certified Pre-owned Philippines Used Car Market, Mitsubishi Market Share, Nissan 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