Revenue Boom Expected in Global Used Car Market Between 2021 and 2030
The advent of e-commerce has enabled a better flow of information among people. Moreover, the enhancement in internet connectivity, development in the telecom sector, and rapid urbanization are providing numerous platforms to people to advertise their used cars and spread information about their availability. Due to these developments, selling and buying used cars have become easier and faster. With the increasing space for advertisement, individual owners and dealerships can supply more products to potential buyers. Used Car Industry Outlook Besides, the rising presence of organized players in the used car market is expected to lead to an increase in sales from 115.2 million units in 2019 to 275.3 million units in2030, at a CAGR of 8.7% during 2020–2030. The organized players are providing used cars with offers such as free services at the dealership and free towing, to expand their presence. These value-added benefits and services are helping online and offline dealerships in gaining...