Increasing online presence of used car players, lack of original manufacturing facilities and costly importation of all automobiles is driving Used Car Market in Australia: Ken Research
Ending the stigma of Used Cars Purchase: With increased awareness, consumers prefer purchasing certified used cars after complete quality & valuation check which in turn increases the used car sales volume in Australia. Further, with Dealerships offering warranty and service support, the used car market is now a reliable and trust-worthy option for first-time buyers.
Diffusion of advanced technology, Digital enablement and Additional Service Offerings: Vertical Platforms are giving buyers & sellers new ways to interact online & facilitate the buying decision by offering a plethora of options and focusing on user browsing experience. Online auto portals are expected to venture into omni-channel experiences & offer varied services such as car subscription. Vertical marketplaces have the substantial advantage of fulfilling the needs of listed dealers as the quality of leads generated and the conversion rate is better due to the presence of more serious buyers.
Manufacturer’s investments in expanding the network of used cars dealers : Used to new car sale is rising as used vehicle models have lots of the latest technologies that large families can easily accommodate and enjoy good features & new technology at relatively low rates compared to the new vehicles. Growth is further supported by manufacturer’s investments in expanding the network of used cars dealers, building the brand and enabling customers to choose this option.
Lack of Organized Sector Market Structure: Organized Sector poses a big challenge as they cover minimal used car market. The continuous lack of standards and regulations governing the industry can result in lower consumer confidence while buying pre-owned cars. High pricing on used cars by organized dealers also creates obstacles in generating sales as Due to higher prices on the multi-brand centres, local used car dealers are preferred over for used car purchases with affordable/comparatively less prices.
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.
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Key Segments Covered
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
- 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
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
Major Auction Market Players
- Manheim
- Auto Auction Sydney
- Go Pickles
- Autorola
- 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 to 2026F: Ken Research
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