Used car sales in Philippines to cross 4,50,000 units by 2026. Will Philippines continue the support for increased sale of used cars? Citizens refraining from using public transport in Philippines The pandemic year brought a drastic change in the preferences of people in terms of public transport. Although, the quality of public transport was already deteriorating forcing multiple people to opt for their personal cars, Covid-19 made owning a personal car unavoidable.Due to the social distancing protocols,… Read More »
The Used Car Industry in Philippines has generated a revenue of USD 75 Mn in the current year. Will Philippines continue this growth trajectory? Ken Research 1. 64.7% of the Filipino population is in the age bracket of 15 and 64 years old, thereby demanding more used car More trends and Developments Used Car Market Philippines As of 2021, ~64.7% of the Filipino population is in the age bracket of 15 and 64 years old. This states that a huge chunk… Read More »
Philippines Used Car Market Outlook to 2026: Ken Research Philippines Used Car Market is expected to Gain Momentum from the Emergence of more Organized Players in the future along with Covid incited Surge in Demand: Ken Research The used car market structure in Philippines is expected to be consolidated in the future as the market share of players selling vehicles via organized channel is… Read More »
Philippines Used Car Market- Sales, Industry Outlook, Share, Size and Growth Rate, Forecast to 2026: Ken Research Buy Now How is the Philippines Used Car Market Positioned? Overview: The Used car market in Philippines is quite fragmented amongst the unorganized players in the industry. There has been a surge in the demand for private vehicles given the social distancing protocols being imposed in the Philippines making it quite risky to use the… Read More »
Philippines Used Car Market – Growth, Share, Trends, Size and Forecast 2026: Ken Research Buy Now Increased Used Car Awareness: The awareness and marketing in used car market of Philippines has played an important role in changing customer’s mentality from buying a new car to a used car. Social media platforms such as Facebook has now emerged as a viable platform to deal in used cars and make people… Read More »
Philippines Used Car Market – Growth, Trends, Covid-19 Impact, Size And Forecast: Ken Research Buy Now The report titled “Philippines Used Car Market Outlook To 2026 (Third Edition): Driven by the Pandemic Incited New Opportunities for Used Car Dealers and Increased Penetration in the Online Space for Used Car Transactions” provides a comprehensive analysis of the used car market trends and performance in Philippines. The report covers several aspects… Read More »
How Is The Philippines Used Car Market Positioned: Ken Research Overview: The Used car market in Philippines is quite fragmented amongst the unorganized players in the industry. There has been a surge in the demand for private vehicles given the social distancing protocols being imposed in the Philippines making it quite risky to use public transport. Factors such as increasing purchasing power, easy availability of… Read More »
Philippines Used Car Market showcased resilience during the pandemic as the sales recovered quickly due to a surge in the demand for cars owing to the risk of using public transportation: Ken Research Buy Now Increasing Online Presence: The year 2020 saw a tremendous increase in the usage of the online space for buying and selling cars. Although online classified platforms such as Carmudi, AutoDeal, Carousell, and Philkotse were gaining traction for quite some time, the pandemic made it absolutely necessary for most of the dealers to have… Read More »
Philippines Used Car Market showcased resilience during the pandemic as the sales recovered quickly due to a surge in the demand for cars owing to the risk of using public transportation: Ken Research Increasing Online Presence: The year 2020 saw a tremendous increase in the usage of the online space for buying and selling cars. Although online classified platforms such as Carmudi, AutoDeal, Carousell, and Philkotse were gaining traction for quite some time, the pandemic made it absolutely necessary for most of the dealers to have an online… Read More »
Philippines Used Car Market Outlook To 2025: Ken Research The report titled “Philippines Used Car Market Outlook To 2025: The Pandemic Incited Increased Demand for Used Cars coupled with Increased Internet Penetration provides for Resilience in the Used Cars Market during the Economic Crisis”- provides a comprehensive analysis of the used car market trends and performance in the Philippines. The report covers several aspects… Read More »