Emergence of number of Unorganized and Online-Auto Classifieds as well as the trend toward upgrading vehicles will drive the Used Car Market in Australia: Ken Research

  • Consumer shift from public transport to personal vehicle amid pandemic with rising demand of used cars.
  • Increasing awareness about buying and selling used cars through the strong advertisements and entry of new players will provide a major boost to market growth.
  • Easy availability of credit for financing pre-owned cars along with attractive interest rates Entry of major emergent players with easier and user-friendly buyer experience than ever before.

Unorganised dealers dominate the Sales Volume in the Market: With majority of independent dealer in the country, the used car market is dominated by unorganized and Semi-organized dealers. Less-aged cars and popular brands with good resale value are highly valued by participants.

Millennials will rule the Consumer Segment in Used Car Market: Millennials of Age between 25-45 years will dominate the Total Used Cars Sales Volume which highlights the Consumer’s prominence in Used Car Market. The demand will be fueled by consumers not wanting to buy new cars due to several factors, including the cost of licenses, and the decline in the vehicle’s value once they are licensed.

Continuous Product Innovation and New Business Models: New business models such as “Value for Many” will redefine future business propositions and product development. The “make one, sell many” concept implies producing and selling the same product or service to the masses in developing countries or leveraging the market globally.

Digital Transformation: Online players will emphasize on integrating new-age technologies and building a robust sales network to give complete view of the car to customers. Considering the digital transformation across industries, new-age Auto Tech start-ups are emerging to disrupt the pre-owned car market. Social media will play a major role in generating leads for dealers & end consumers by virtue of offering advertisements at a lower cost with respect to other traditional marketing channels.

The report titled Australia Used Car Market Outlook to 2026F – Driven by the consumer shift to online platforms and supply chain issues for new vehicles with an increasing trend of upgrading vehicles provides a comprehensive analysis of the used car market and sales in Australia. The report also covers overview and genesis of the industry, used car market size in terms of total revenue generated for total used car volume sales with average price of used car and used to new car ratio; along with Used car finance market size, Used car auction market size, Online e-commerce used car market size, New car market size and market segmentation by type of market structure, type of car, type of manufacturers, by Kms driven, by age of car, by city, by source of lead generation, by age of customer and by income of consumer; snapshot on Online used Car Market, trends and developments, issues and challenges and comparative landscape including competition scenario based on cross comparison in Australia. The report concludes with future market projections of each used car segmentation and Analyst recommendations for Marketing & Promotional Strategies including Business Framework.

Australia-Used-Car-Market-infographic

Australia Used Car Market

By Region-wise dealerships

New South Wales

Victoria

Queensland

Western Australia

Southern Australia

Tasmanai

By Market Structure

Organized Sector

OEM Certified Dealers

Multi-Brand Non-Franchise Dealerships

Online E-Commerce Platforms

Unorganized Sector

C2C

Auctions

Independent Brokers

Local Dealers

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By Type of Car

Sedan

Suv

Hatchback/Economy

By Manufacturer

Toyota

Ford

Holden

Mazda

Mitsubishi

Nissan

Hyundai

Mercedes-Benz

Volkswagen

Subaru

BMW

Kia

Audi

Land Rover

Suzuki

Volvo

Others

By Kms Driven

5,000-35,000

30,000-80,000

80,000-120,000

Above 120,000

By Age of Vehicle

1-2 years

2-5 years

5-10 years

10 years or more

By City

New South Wales

Victoria

Queensland

Western Australia

Southern Australia

Tasmanai

Others

By Transmission

Manual

Automatic

By Fuel Type

Diesel

Petrol

Hybrid

By Age of the Consumer

18-34

35-54

55+

By Income of the Consumer

<$50K

$50K-$99K

$100K+

By Source of Lead Generation

Online

Offline

Dealership Sites

Key Target Audience:-

Used Car Companies

OEMs

Multi-Brands

Online Used Car Portals

Used Car Financing Companies

Government Bodies

Investors & Venture Capital Firms

Used Car Dealerships

Used Car Industry

Used Car Manufacturing Companies

Used Car Distributors

Used Car Auction Houses

Used Car Associations

Time Period Captured in the Report:-

Base Year: 2021

Forecast Period: 2021–2026F

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Companies Covered:-

Major OEMs

TOYOTOA CERTIFIED PRE-OWNED

Hyundai

Kia

Ford Motors

Mazada

Mitsubishi

Volkswagon Certified Pre-Owned

Nissan Certified Pre-Owned

Subaru Certified Used Cars

Mercedes Benz Certified

Suzuki

Land Rover Approved

Audi Approved Plus

Porshe Approved

BMW Premium Certified

Volvo Selekt Automark

Toyota

Major Multi-Brands

Adelaide Vehicle centre

OZ Car

Motorama

easyauto123

carz4u

Dutton Group

Von Bibra Auto Group

Gerald Slaven

Heatland Motors

Australian Automotive Group

Autosports Group

LSH Auto Australia

DVG

Eagers Automotive

John Hughes

Tony Lahood Motors

Major Online Auto-Classifieds

Drive

Car Sales

Cartopia

Gumtree Cars

Autotrader

Cars Guide

My Moto

My Car Choice

Car City

Locanto

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Major Auction Market Players

Manheim

Auto Auction Sydney

Go Pickles

Autorola

Grays.com

City Motor Auction

Major Online E-Commerce Platform

Cars24

Carma

Key Topics Covered in the Report:-

Australia Automotive Market Overview

Australia Used Car Market Overview

Australia Used Car Auction Market

Australia Used Car Finance Market

Australia Online E-commerce Used Car Market

Market Ecosystem

Value chain Analysis

Customer Buying Journey in Australia

Decision Making Parameters for Customers

Offline and Online Business Models

Detailed Analysis on Australia Used Car Market (Market Size, 2021; Market Structure; Market Segmentations; Competition; Future Market Size, 2026; Future Trends and the Way Forward

Snapshot on Online Used Car Platforms in Australia

Snapshot of Used Car Auction House in Australia

Snapshot of Finance Market in Australia

Business Opportunity (Customer Profile Analysis)

Recommendations (Sales and Marketing Strategies, Positioning Strategies, Business Framework)

For more information on the research report, refer to below link:-

Australia Used Car Market Outlook

Related Reports:-

Egypt Used Car Market Outlook to 2026 – Driven By Shift In Consumer Demand Along With Growth Of Online Used Car Platforms And Availability Of Financing Options

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

Vietnam Used Car Market Outlook to 2026 (Second Edition): Driven By Growing Disposable Income And Shifting Consumer Preference From Two-Wheelers To Four-Wheelers

Contact Us:-

Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

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