Used Car Marketplace Analysis and Forecast 2025-2030: A $2.7 Trillion Opportunity with Insights by Vehicle Type, Vendor Type, Fuel Type, Size, Sales Channel and Region [Yahoo! Finance]
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Source: Yahoo! Finance
Type (Organized, Unorganized), Fuel Type (Diesel, Petrol), Size, Sales Channel, and Region, 2025-2030" report has been added to ResearchAndMarkets.com's offering. The global used car market size is anticipated to reach USD 2.70 trillion by 2030. The market is projected to grow at a CAGR of 6% from 2025 to 2030. Rising technological advancements such as the implementation of digital technology in the market and the use of artificial intelligence to improve the online buying experience are expected to boost the market demand over the forecast period. Some of the other factors such as transparency between the owner and buyer and certified used vehicles programs also impacted the market for used cars. Furthermore, the growing adoption of used electric and hybrid cars has become one of the noticeable trends in the last few years. The increased number of new Electric Vehicles (EVs) and hybrid cars registered over the last few years is now flowing through into the market. For instance,
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