Online presence of new emergent players and increasing smartphone and internet penetration is paving the way for the Australia 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 1. The Australia Used Car Market witnessed a robust growth as a result of increased market supply and a shift towards organized and transparent trade. To Know More about this report, download a Free Sample Report Australia Used Car Market is currently in its growing phase and registered a CAGR of 21.8% in the period of 2016-2021. Due to supply chain problems for new vehicles and Australians selling their cars after a year or two in order to upgrade, the market for used vehicles is increasing. Fast increasing disposable income per household, greater supply in the market, and a move towards organized and transparent trade will drive the used-car market. The market growth is further supported by manufacturers investments in expanding the network of used cars dealers, building the brand and enabling customers to choose this option. 2. Used to new car ratio is representative of the maturity of the pre-owned car industry. This ratio has held steady between 2019-2020, which signifies the beginning of a new era in the pre-owned car market. Entry level used cars are perceived to be safer than two-wheelers. Hence there is a shift towards used car buying, resulting in greater customer pull for the demand of used cars in Australia. With rising income levels, there is also a lower ownership cycle now – people upgrade or change cars faster than ever before. Due to the impact of COVID-19, there has been a substantial decrease in the denominator while the numerator, i.e. the pre-owned car market, has been relatively stable. The primary factor driving the expansion of the used car industry is the lack of original manufacturing facilities, importation of all automobiles, and lack of an assembling facility in Australia. As a result, people choose to buy used cars solely, making it difficult to balance supply and demand. Used to new car sale is rising as used vehicle models have lots of the latest technologies that large families can easily accommodate and enjoy good features & new technology at relatively low rates compared to the new vehicles. 3. The Un-organized sector dominates the Used Car Market in Australia. Visit This link Request for Custom Report Un-organized sector dominates the overall market share, driven by awareness about buying and selling used cars through online advertisements. The awareness about buying and selling used cars has increased through online advertisements and publicity. Independent dealers have major influence on the market due to large presence across the country. These dealers are increasing their online presence by listing their inventory on their own website/Facebook account or platforms, thereby attracting customers. 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