Easy Loan Availability, Ease of doing business, Consumers preference for personal vehicle and the Fruitful Lemon Law will flourish the Used Car Market of Singapore – Ken Research 1. Singapore sustains 1st rank in Asia in the World Bank’s Ease of Doing Business index 2020, ranked 2nd globally In 2020, Singapore ranked 2nd out of 190 countries in the World Bank’s Ease of Doing Business Index. The country has maintained its second position for four consecutive years. In the Global Competitiveness Index ranking,… Read More »
Singapore Used Car Market Research Report, Size, Share, Trends, Future Outlook, Business Opportunity, Dealers, Competition, and Forecast 2021–2030: Ken Research Buy Now A used car is the second-hand vehicle that is accessible for resale. Several outlets such as franchise and independent car dealers, rental car companies, auctions, private party sales, and leasing offices sell used cars. A surge in the requirement of private cars, coupled with opportune financing facilities, augmented internet penetration and improved digitalization… Read More »
Singapore Used Car Market Future Outlook To 2025, Size, Major Players, Revenue, Demand, Competition, Segmentation, Business Opportunity, Dealers, Present Status, and Forecast: Ken Research HOW IS THE SINGAPORE USED CAR MARKET POSITIONED? Overview: 65% of the total population is under the age bracket 20-64 years supplemented by the high per capita income. The used car market in Singapore is quite fragmented. There has been a surge in the demand for private vehicles since the pandemic has made it quite… Read More »
More Multi-Brand Players Plan Foray into the Singapore Used Cars Market as the segment shows Resilience to the Economic Crisis during Covid-19 due to a Pandemic incited surge in Demand: Ken Research Buy Now Key Findings The Used Cars Market in Singapore has been gaining traction since several years, however, the growth has accelerated especially over the last decade as several online operating players have entered the segment. The increasing digital space encapsulating the used cars segment has provided a boost to the industry in terms of… Read More »
Singapore Used Car Market showcased resilience post 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 Carousel and DBS Marketplace were gaining traction for quite some time, the pandemic made it absolutely necessary for most of the dealers to have an online presence.… Read More »
Singapore Used Car Market, Research Report, Size, Share, Demand, Industry Analysis, Growth, Demand, Covid-19 Impact, and Future Outlook 2021 to 2027: Ken Research Buy Now Executive Summary The report titled “Singapore Used Car Market Outlook To 2025: Increasing Used Cars Demand Due to the Pandemic Contributes to Increase in Used Cars Sales during the Economic Crisis”- provides a comprehensive analysis of the used car market trends and performance in Singapore. The report covers several aspects such as volume of used… Read More »
Pandemic Becomes a New Opportunity for Used Car Dealers in Thailand as New Car Sales Drop due to Buyer’s Limited Budget: Ken Research Key Findings One negative for used cars is the 7% VAT that’s added to the bill if the customer buys from a showroom or used car dealer, or use a loan to finance the purchase. Consumers are shifting away from traditional methods & increasing using online platforms for their used car buying/selling journey. Many start-ups… Read More »
Increased Internet Penetration and Availability of Multiple Channels Helps Increase the Sales of Used Car in Thailand: Ken Research Increasing Internet Penetration: There were 52 million internet users in Thailand in January 2020 Internet penetration in Thailand was 75% during the same period. As the smart phone and internet penetration in Thailand is increasing, the used car dealers have been able to increase their footfall. They are using digitalization to make market offerings attractive.… Read More »
Thailand Used Car Market Outlook to 2025: Ken Research The report titled “Thailand Used Car Market Outlook To 2025 – Growth of Online Used Car Platforms and Easy Availability of Credit Escalating Industry’s Growth” provides a comprehensive analysis on the status of the used car industry in Thailand. The report covers various aspects including volume of used cars & market size, production scenario of… Read More »
