Availability of financing options and increasing smartphone and internet penetration are acting as catalysts for the Egypt 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 Egypt Used Car Market witnessed a sharp growth rate in terms of Used Car Market Revenue with higher number of user’s decision to buy used cars. Egypt Used Car Market is currently in its growing phase and registered a CAGR of 5.9% in the period of 2016-2021. Buyer’s decision to buy used car has been positively affected due to several reasons such as the ease of resale and ease of maintenance and availability of spare parts at reasonable prices on the other. 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. Use of advanced technologies such as AI to valuate car online by looking at the pictures only, 360-degree view of the interiors of the car, etc., has been taken into use to enhance digital experience of consumers. 2. 3 in 4 consumers prefer to buy used car due to several factors, including the cost of license, the decline in car’s value once they are licensed, affordable maintenance and low price of spare parts, etc. To Know More about this report, download a Free Sample Report Consumers buy a new car every three to four years, while others prefer to buy used cars to avoid paying licensing costs for new models. On an average, Egyptians use ~3 used cars on a purchase of 1 new car as new cars are currently facing a shortage in supply, due to the agents changing their import policy on the back of the economic fallout of the COVID-19 pandemic. 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 Egypt. Visit This link Request for Custom Report Un-organized sector commands the lion’s share in overall market. The awareness about buying and selling used cars has increased through online advertisements and publicity in Egypt. Independent dealers have major influence on the market due to their large presence across the country. These dealers are increasing their online presence by listing their inventory on their own websites and Facebook accounts or platforms, thereby attracting customers. 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