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 »
Internet Penetration Sets the Path for Used Car Sales to Cross More Than 450,000 Units by the Year 2026: Ken Research The Philippines Used Car Market is Expected to Grow at A CAGR Of 7.6% In the Next Five Years in Terms of Used Car Units Sold by the Year 2026, as per findings released by Ken Research. 1. 75 Mn Active Social Media Users: Social Media Spurring Demand for Pre-Owned Cars in Unorganized Market. To… Read More »
The Number of Used Car Sales Is All Set to Cross More Than 450,000 Units By The Year 2026: Ken Research The Philippines Used Car Market Is Expected to Grow at A CAGR Of 7.6% In the Next Five Years in Terms of Used Car Units Sold by the Year 2026, as per findings released by Ken Research. Improved infrastructure, Train tax, and young population are listed as the key “pull” factors for the growth in… Read More »
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 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… 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 »
