Australia Used Car Industry, Market, Australia Used Car Market Growth: Ken Research

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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.

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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.

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)