Philippines Used Car Market is expected to Gain Momentum due to the emergence of more Organized Players in the future along with Covid incited Surge in Demand: 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 Used Car Market of Philippines is growing at a impressive growth rate and expected to grow more in the coming years. The Philippines used car market is one of the growing markets within Southeast Asia and huge volumes are being traded each year. The market has registered a positive CAGR of ~7% during 2015-2020. One of the reasons behind this growth is the recent imposition of TRAIN taxes which has increased the cost of purchasing a brand-new imported car, thus driving the potential buyers towards the used car market. In the coming years, the used cars market is expected to expand in the Philippines because of the resilience shown by this industry. Also, during the pandemic a lot of organized players planned to enter the market, and Filipinos are realizing the advantages of buying a pre-owned car, this will drive the growth of the market more in the coming years. 2. Unorganized segment dominates the Used Car Market in Philippines with the highest market share. To Know More about this report, download a Free Sample Report Within the used cars market, there are two broad segmentations, namely- the organized segment and the unorganized segment. The unorganized market dominates the overall market with a whopping ~56% share. These freelancers and individual sellers sell very low volume of vehicles individually, however, the number of these freelancers and consumers is very high in the economy and therefore in totality, they sell more cars compared to organized market players. The organized segment on the other hand consists of sales of used cars taking place from businesses to customers. These used car dealers are well established with at least 2 outlets and more than 50 units in the inventory at a point of time. The banks selling repossessed cars and DDSA entities selling pre-owned (both certified and non-certified cars) belong to the organized segment. This segment only constitutes ~44% of the overall market share. 3. Online mediums lead in the organized segment of the used Car Market in Philippines with the highest market share. Visit this Link Request for a custom report In Philippines, the Used Car market has carved a niche in the online space. Around 85% of the lead generation for used cars in the organized segment happened via the online platforms. The Direct Dealership Sales Agents (DDSAs) (OEMs) have their own websites, and pages on social media, whereas several multi-brand dealers prefer listing their inventory on the classified platforms as well. Facebook is gaining traction as an online space for buying and selling used cars in the Philippines. On the other hand, dealership walk-ins accounts only ~15% of the lead generation. Also, the lead generation by dealership walk-ins is consistently falling as the used cars market is expanding in the online space. 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, Competitors In Philippines Used Car Market, Future plan of Used Cars in Philippines, Honda Market Share, Industry Research Report Of Philippines Used Card, Leading Players in Philippines Used Car Market, Major Players in Philippines Used Car Market, Mercedes Benz Certified Pre-owned Philippines Used Car Market, Mitsubishi Market Share, Nissan Intelligent Choice Philippines Used Car Market, Number of Online Used Car Companies in Philippines, Number of Used Car Companies in Philippines, Number of Used Car Dealers in Philippines, Number of Used Hatchbacks sold in Philippines, Number of Used MPVs sold in Philippines, Number of Used Pick-up Vans sold in Philippines, Number of Used Sedans sold in Philippines, Number of Used SUVs sold in Philippines, Online classified players in used car space Philippines, Online portals for Used Car Philippines, Partnerships Used Car Philippines, Philippines Used Car Industry, Philippines Used Car Market, Philippines Used Car Sector, Philkotse Philippines Number of Listings, Region Wise Used Cars Sales Philippines, Snapshot Philippines Used Car, Top Used Car Companies in Philippines, Toyota Certified Philippines Used Car Market, Toyota Philippines Used Car Market share, Used Car Current Status Philippines, Used Car Domestic Players Philippines, Used Car Foreign Players Philippines, Used Car Industry in Philippines, Used Car Market, Used Car Market in Philippines, Used Car Market Philippines, Used Car Present Status Philippines, Used Car Sales Philippines, Used Car to New Car Ratio Philippines, Used Car Value Chain