Global Market Research Reports : Ken Research: Australia Car used Industry

Showing posts with label Australia Car used Industry. Show all posts

Tuesday, August 9, 2022

Emergence of number of Unorganized and Online-Auto Classifieds as well as the trend toward upgrading vehicles will drive the Used Car Market in Australia: Ken Research

Consumer shift from public transport to personal vehicle amid pandemic with rising demand of used cars.
Increasing awareness about buying and selling used cars through the strong advertisements and entry of new players will provide a major boost to market growth.
Easy availability of credit for financing pre-owned cars along with attractive interest rates Entry of major emergent players with easier and user-friendly buyer experience than ever before.

Unorganised dealers dominate the Sales Volume in the Market: With majority of independent dealer in the country, the used car market is dominated by unorganized and Semi-organized dealers. Less-aged cars and popular brands with good resale value are highly valued by participants.

Millennials will rule the Consumer Segment in Used Car Market: Millennials of Age between 25-45 years will dominate the Total Used Cars Sales Volume which highlights the Consumer’s prominence in Used Car Market. The demand will be fueled by consumers not wanting to buy new cars due to several factors, including the cost of licenses, and the decline in the vehicle’s value once they are licensed.

Continuous Product Innovation and New Business Models: New business models such as “Value for Many” will redefine future business propositions and product development. The “make one, sell many” concept implies producing and selling the same product or service to the masses in developing countries or leveraging the market globally.

Digital Transformation: Online players will emphasize on integrating new-age technologies and building a robust sales network to give complete view of the car to customers. Considering the digital transformation across industries, new-age Auto Tech start-ups are emerging to disrupt the pre-owned car market. Social media will play a major role in generating leads for dealers & end consumers by virtue of offering advertisements at a lower cost with respect to other traditional marketing channels.

The report titled “Australia Used Car Market Outlook to 2026F – Driven by the consumer shift to online platforms and supply chain issues for new vehicles with an increasing trend of upgrading vehicles” provides a comprehensive analysis of the used car market and sales in Australia. The report also covers overview and genesis of the industry, used car market size in terms of total revenue generated for total used car volume sales with average price of used car and used to new car ratio; along with Used car finance market size, Used car auction market size, Online e-commerce used car market size, New car market size and market segmentation by type of market structure, type of car, type of manufacturers, by Kms driven, by age of car, by city, by source of lead generation, by age of customer and by income of consumer; snapshot on Online used Car Market, trends and developments, issues and challenges and comparative landscape including competition scenario based on cross comparison in Australia. The report concludes with future market projections of each used car segmentation and Analyst recommendations for Marketing & Promotional Strategies including Business Framework.

Australia Used Car Market

By Region-wise dealerships

New South Wales

Victoria

Queensland

Western Australia

Southern Australia

Tasmanai

By Market Structure

Organized Sector

OEM Certified Dealers

Multi-Brand Non-Franchise Dealerships

Online E-Commerce Platforms

Unorganized Sector

C2C

Auctions

Independent Brokers

Local Dealers

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By Type of Car

Sedan

Suv

Hatchback/Economy

By Manufacturer

Toyota

Ford

Holden

Mazda

Mitsubishi

Nissan

Hyundai

Mercedes-Benz

Volkswagen

Subaru

BMW

Kia

Audi

Land Rover

Suzuki

Volvo

Others

By Kms Driven

5,000-35,000

30,000-80,000

80,000-120,000

Above 120,000

By Age of Vehicle

1-2 years

2-5 years

5-10 years

10 years or more

By City

New South Wales

Victoria

Queensland

Western Australia

Southern Australia

Tasmanai

Others

By Transmission

Manual

Automatic

By Fuel Type

Diesel

Petrol

Hybrid

By Age of the Consumer

18-34

35-54

55+

By Income of the Consumer

<$50K

$50K-$99K

$100K+

By Source of Lead Generation

Online

Offline

Dealership Sites

Key Target Audience:-

Used Car Companies

OEMs

Multi-Brands

Online Used Car Portals

Used Car Financing Companies

Government Bodies

Investors & Venture Capital Firms

Used Car Dealerships

Used Car Industry

Used Car Manufacturing Companies

Used Car Distributors

Used Car Auction Houses

Used Car Associations

Time Period Captured in the Report:-

Base Year: 2021

Forecast Period: 2021–2026F

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Companies Covered:-

Major OEMs

TOYOTOA CERTIFIED PRE-OWNED

Hyundai

Kia

Ford Motors

Mazada

Mitsubishi

Volkswagon Certified Pre-Owned

Nissan Certified Pre-Owned

Subaru Certified Used Cars

Mercedes Benz Certified

Suzuki

Land Rover Approved

Audi Approved Plus

Porshe Approved

BMW Premium Certified

Volvo Selekt Automark

Toyota

Major Multi-Brands

Adelaide Vehicle centre

OZ Car

Motorama

easyauto123

carz4u

Dutton Group

Von Bibra Auto Group

Gerald Slaven

Heatland Motors

Australian Automotive Group

Autosports Group

LSH Auto Australia

DVG

Eagers Automotive

John Hughes

Tony Lahood Motors

Major Online Auto-Classifieds

Drive

Car Sales

Cartopia

Gumtree Cars

Autotrader

Cars Guide

My Moto

My Car Choice

Car City

Locanto

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Major Auction Market Players

Manheim

Auto Auction Sydney

Go Pickles

Autorola

Grays.com

City Motor Auction

Major Online E-Commerce Platform

Cars24

Carma

Key Topics Covered in the Report:-

Australia Automotive Market Overview

Australia Used Car Market Overview

Australia Used Car Auction Market

Australia Used Car Finance Market

Australia Online E-commerce Used Car Market

Market Ecosystem

Value chain Analysis

Customer Buying Journey in Australia

Decision Making Parameters for Customers

Offline and Online Business Models

Detailed Analysis on Australia Used Car Market (Market Size, 2021; Market Structure; Market Segmentations; Competition; Future Market Size, 2026; Future Trends and the Way Forward

Snapshot on Online Used Car Platforms in Australia

Snapshot of Used Car Auction House in Australia

Snapshot of Finance Market in Australia

Business Opportunity (Customer Profile Analysis)

Recommendations (Sales and Marketing Strategies, Positioning Strategies, Business Framework)

For more information on the research report, refer to below link:-

Australia Used Car Market Outlook

Related Reports:-

Egypt Used Car Market Outlook to 2026 – Driven By Shift In Consumer Demand Along With Growth Of Online Used Car Platforms And Availability Of Financing Options

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

Vietnam Used Car Market Outlook to 2026 (Second Edition): Driven By Growing Disposable Income And Shifting Consumer Preference From Two-Wheelers To Four-Wheelers

Contact Us:-

Ken Research
Ankur Gupta, Head Marketing & Communications
Support@kenresearch.com
+91-9015378249

Australia Car used Market sales, statistics , Share, Growth and Trends : Ken Research

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Overview:

The Used Car Market in Australia has seen significant growth in last 5 years supported by increase in millennials population in the country and also with the entry of emergent players into the market. Increase in used to new car indicates the buyer preference of used car over new cars.

Majority of customers prefer used cars of average age, with more Kilometers driven as used car at that segment offers attractive and affordable option with SUV being the major choice by the type of car.Car dealers are emphasizing on providing integrated user-friendly platforms to ease the buyer’s journey of used cars. These trends and developments are changing the used car industry on a positive note with promising future growth.

The Used Car Market in Australia t is segmented on the basis of total number of used car units sold with a CAGR of ~% over the period 2016-2021 with total Revenue generated ~% in USD Bn.

Australia Used Car Market Segmentation

Australia used car market is at growing stage and has a high potential with growth opportunities like digital transformation, and growing trend of upgrading vehicles.

By Market Structure:

Market is dominated by unorganized dealers with majority of the cars sold 2021 due to affordable price range.

By Unorganized Sector:

Australia used car market is dominated by the C2C transaction contributing majority of the car sold in 2021.

By Organized Sector:

The organised sectors of used car market is dominated by the OEM certified franchisee dealers.

By Type of Car:

The market for used car has been dominated by SUVs with more preference among users.

By Manufacturers:

Manufacturer A accounted for major share in used car market total volume sales in units being popular brand among customers.

By Kilometres Driven:

Consumers prefer used car with more kilometres driven but maintained in good condition at attractive price

By Age of Car:

Used Car with 2-6 years age indicates the consumers need for average aged cars with better brand and resale value rather than other segments of age.

By region:

New South Wales and Victoria with highest number of Used Car Sales Volume, accounts for combined 5~0% of the total Used Car Volume Sales in Australia.

By Transmission:

Used cars with automatic manuals are dominating the market.

By Fuel:

Used cars with petrol fuel are dominating the used car market in Australia followed by diesel and hybrid

By Age of Customer:

People from the age group of 35-54 years are the majority of customers that have highest number of used car purchase in the market.

By Income Level:

Majority of the used car customers are those who are earning more than $50K.

By Source of Lead Generation:

Online platforms generated majority of the leads, by virtue of access to a large inventory base and easier user interface that gives user a number of choices to choose from.

By Consumer preference for an online search:

Majority of the car customers prefer to search used car for the discovery of the vehicle.

By how buyers search on online classified:

Majority of the car customers prefer to search used car for the discovery of the vehicle.

Australia Used Car Auction Market

Australia used car auction market is growing from last couple of years and expected to grow in future. Public Banks, Auction Houses act as a Major Source of Used Cars for across Australia for Independent Used Car Dealers.

Australia Used Car Finance Market

Australia used car financing is expected to increase its penetration. There are a lot of new companies coming up in this area. Prices are going up significantly for used cars, especially after COVID. Therefore, financing is more necessary than ever.

Australia Online E-commerce Used Car Market

Online E-commerce is an asset light way of sourcing vehicles to sell anytime, anywhere using any device. The Australia online e-commerce used car market has significant potential to grow.

Competition Landscape in Australia used car Market

The competition in Australia used car market was observed to be moderately fragmented. Toyota, Ford and Holden leads the used car market in Australia other players include Mazda, Mitsubishi, Nissan, Hyundai, Mercedez Benz, Volkswagen, Subaru, BMW, kia and other.

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Companies in Used Car Market in Australia are competing based on No. of Branches/Showrooms/Dealerships, Used Car Sales, Inventory Turnaround, Warranty, Value added, Bestselling model, Revenue (Mn) and Online Presence

Other companies include Volkswagon Certified Pre-Owned, Nissan Certified Pre-Owned, Subaru Certified Used Cars, Mercedes Benz Certified, Suzuki, Land Rover Approved, Audi Approved Plus, Porshe Approved etc.

Australia used car market Future Outlook and Projections

The Australia Used Car Market is expected to grow at a double digit ~% CAGR on the basis of Revenue and ~% on the basis of Sales Volume in Units. With the market at rebound stage, factors such as attractive pricing, government pivotal role, easy financing option, digital advancement, tech-enabled value services by companies will drive the used car market in the near future.

KEY FACTORS CONSIDERED IN THE REPORT

Australia Automotive Market Overview
Australia Used Car Market Overview
Australia Used Car Auction Market
Australia Used Car Finance Market
Australia Online E-commerce Used Car Market
Market Ecosystem
Value chain Analysis
Customer Buying Journey in Australia
Decision Making Parameters for Customers
Offline and Online Business Models
Detailed Analysis on Australia Used Car Market (Market Size, 2021; Market Structure; Market Segmentations; Competition; Future Market Size, 2026; Future Trends and the Way Forward
Snapshot on Online Used Car Platforms in Australia
Snapshot of Used Car Auction House in Australia
Snapshot of Finance Market in Australia
Business Opportunity (Customer Profile Analysis)
Recommendations (Sales and Marketing Strategies, Positioning Strategies, Business Framework)