Used cars sales in Singapore to cross over 120 Th units by 2025. Will Singapore continue the support for increased sale of used cars? : Ken Research 1. Adoption of AI Technology and Easy Financing Options Contributing to C2B Platforms’ Growth Click to know: More technological Developments Singapore Used Car Market Leveraging technologies such as Artificial Intelligence & Virtual Reality to enhance the digital experience for consumers by offering 360° interior & exterior view of the car, estimating car price online via… Read More »
The Used Car Industry in Singapore is growing at CAGR of 11.1% Basis Revenue. Will Singapore continue this growth trajectory? Ken Research 1. Singapore has the Highest Penetration of Online Sales with 90% Online Sales Click to know: Online vs Physical store sale in Used Car Market Increasing internet and smartphone penetration leading to high sales facilitated by online platforms such as Carro and others. Due to two-month long CB measures and tight border restriction, overall sales… Read More »
Used Car Platforms in SEA region are expanding their digital presence to increase online visibility among consumers: Ken Research July 2022 | South-East Asia News Key Findings With large number of consumers preferring to own a private vehicle pertaining to the after-effects of Covid-19, the used to new car ratio is consistently improving in SEA region. Consumers are shifting away from traditional methods and adopting online platforms more frequently for their used car buying… Read More »
SEA Online Used Car Market Growth Strategy 2022, Industry Trends, CAGR Status, Growth Analysis, Key Manufacturer and Strategies till 2026: Ken Research SEA Used Car Market Overview: The SEA Used Car industry is currently positioned in the early growing stage and is anticipated to register a double digit CAGR between the forecasted period 2021 to 2026F. The customers will tend to switch to used cars and new cars at a rate faster than before, depicting rapid change… Read More »
The expansion of transactional platforms, shifting customer perception of privately owned cars, and the region’s ease access to credit for financing are factors influencing the demand for used cars in the SEA: Ken Research July 2022 | South-East Asia News Increased demand for private cars, rising per capita income, accessible financing options, rising internet penetration, and improved digitization of the used car industry are among the growth factors pushing SEA region to witness growth in used car market. Online SEA used car market witnessed the entry of various online… Read More »
SEA Used Car Market Size and Research 2022, CAGR Status, Growth Analysis by Countries, Development Factors, Business Updates and Strategies till 2026: Ken Research The report titled “SEA Used Car Market Outlook to 2026F: Driven by Covid-19 led shift in User’s Preference towards Private Vehicles and Growing Penetration of Online Used Car Platforms” provides a comprehensive analysis of the used car market and sales in Southeast Asia region. The report also covers overview and genesis of the industry, used… Read More »
