High Gear: Saudi Arabia Reigns Supreme in the Automotive Industry: Ken Research In recent times, there has been a resurgence in demand for Saudi Arabia’s used car and after market segments. Experts project that the used car market is poised for steady growth, with a CAGR estimated to be around ~4% from 2019 to 2025. STORY OUTLINE The Covid-19 pandemic caused a significant decline of ~60% in… Read More »
Lumi Expands to Jeddah, Targets ~$10 Bn Used Car Sales: Ken Research Lumi, a division of Seera, Extends Used Car Sales Reach to Jeddah in Response to Surging Demand. Focuses on Selling Vehicles Aged Two to Four Years. Lumi’s used car business segment sold more than 3,600 vehicles in 2022. STORY OUTLINE Lumi Rental Co., a subsidiary of Seera Group Holding, has opened its second used car… Read More »
UK Used Car Market is expected to reach around GBP 200.0 Billion in terms of Gross Transaction Value (GTV) by the year Ending 2023: Ken Research The report focuses on overall market size in terms of Gross Transaction Value (GTV), UK Used Car market segmentation by Market Structure (Organized and Unorganized Market); by Type of Used Cars (MPVs / Sedan, Economy / Hatchbacks and SUVs); by Kilometers Driven (Less than 5,000 km; 5,000-20,000 km; 20,000-50,000 km; 50,000-80,000 km; 80,000-120,000 km and… Read More »
UK Used Car Market Research Report to 2023: Ken Research What is the Current Potential of the UK Used Car Market? UK Used Car Market is at a late growing stage. The UK used car market in terms of GTV has increased at a positive CAGR of ~% during the review period 2013-2018. This growth was supported by increased used car sales in the country.… Read More »
UK Used Cars Market is driven by Escalating Finance Providers and Increased Lead Generation through Online Car Portals: Ken Research Augmented penetration of the dealers in the online space and the availability of the finance and insurance options over the online portals have driven the growth of used car market in UK. Key Findings New cars segment grew at a five year CAGR of 2.0% during the review period 2013 to 2018. Therefore, there has… Read More »
UK Used Car Market Outlook to 2023: Ken Research The report titled “UK Used Car Market Outlook to 2023 – Market Structure (Organized and Unorganized Market); Type of Used Cars (MPVs / Sedan, Economy / Hatchbacks and SUVs); Kilometers Driven(Less than 5,000 km; 5,000-20,000 km; 20,000-50,000 km; 50,000-80,000 km; 80,000-120,000 km and Above 120,000 km); By Year of Manufacture (< 2000, 2000-2002, 2003-2005, 2006-2008,… Read More »
