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 »

Philippines Automotive Aftermarket Industry Outlook: Ken Research

What Are the Major Trends Driving the Market? Emergence of Social Media Presence: The online social media websites and chat windows in the Philippines are the main growth driver of the unorganized sale of pre-owned vehicles in the country. The reason being that the vehicles can be listed on the personal web pages of the individual car seller which is… Read More »

Philippines Used Car Market is Expected to Reach Over 1.9 Million in terms of Sales Volume in Units by the End of 2023: Ken Research

The increasing prominence of online classified and auto portals in the Philippines has started impacting the buying behavior of customers in the used car market. The advent of digital technology has given varied domains to the customers, which they can explore to find the most suitable car for themselves. The multi-brand dealers and banks are… Read More »

Philippines Used Car Market is Driven by Growing Online Auto Portals, Increase in Taxes for New Vehicles and Emergence of Certified Pre-Owned Cars: Ken Research

Philippines Used Car Market: – “The key factors driving growth in the Philippines used car Industry is digitalization via online auto portals, classified pages, and social media advertisements. The banks repossessed car auctions, certified cars supplied by Direct Dealership Sales Agents (DDSA) and refurbished cars sold by multi-brand dealers have also significantly contributed to the growth of the Philippines used car market”.… Read More »