New opportunity for Used Car Dealers in Malaysia raised as a result of the Covid-19 pandemic, driven by consumers’ preference of owning personal vehicles and greater ease & convenience offered by the online platforms: Ken Research

Before Pandemic, the used car sales remained constant for about 20 years. The industry flourished post pandemic in terms of sales due to changes customers’ preferences and proper initiatives by the Malaysian government with the introduction of Penjana Scheme and escalating used car sourcing. Shoppers are moving away from conventional methods and & adopting the… Read More »

Convenience offered by the online platforms to both buyers and sellers has led to increase in the Used Car Sales in Malaysia: Ken Research

href=”https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/malaysia-used-car-market-analysis/550567-100.html” target=”_blank” rel=”noopener”>Buy Now Rising Internet Penetration: Internet users in Malaysia stands at 29.55 million as of January 2022 while Internet penetration in Malaysia stood at ~89.6%. The used car dealers have been able to increase their footfall due to the rising Internet and Smartphone penetration in the country. Digital platforms provide many value-added services… Read More »

Future Growth of Malaysia Used Car Market: Ken Research

The report titled “Malaysia Used Car Market Outlook To 2026F (Third Edition) – Demand for Used Cars Increased Due to Shift in User preference towards Personal Mobility, induced by Covid-19” provides a comprehensive analysis on the status of the used car industry in Malaysia. The report covers various aspects including volume of used cars &… Read More »

Demand For Used Cars in Malaysia Market: Ken Research

How Is The Malaysia Used Car Market Positioned? Overview: The Used car market in Malaysia is quite fragmented amongst the unorganized players in the industry. The used to new car ratio has been increasing over time and is currently at 0.8:1.  Increasing demand for private vehicles, increasing purchasing power, easy availability of finance, increased govt.… Read More »

Growth of online platforms providing convenience to buyers and sellers as well as increased concerns about health on account of Covid-19 helps Increase the Sales of Used Car in Malaysia

Increasing Internet Penetration: There were 29 million internet users in Malaysia in January 2020.  Internet penetration in Malaysia was ~85% during the same period. As the smartphone and internet penetration in Malaysia is increasing, the used car dealers have been able to increase their footfall. The digital platform provides online services such as photos and… Read More »

COVID-19 Impact on Used Car Industry in Malaysia

The report titled “Malaysia Used Car Market Outlook To 2025 (Second Edition) – Growth of Online Used Car Platforms and Increased Shift from using public transport to personal cars, fueled by Covid-19 to accelerate Industry’s Growth” provides a comprehensive analysis on the status of the used car industry in Malaysia. The report covers various aspects… Read More »