Vehicle reseller market is anticipated to grow at a significant CAGR of 8.0% during the forecast period. The market is primarily driven by the reduced per capita income of the population across various countries including Pakista, Somalia, and others, which led in shifting the customers towards the used cars. According to the CEIC Data released in 2019, the annual household income per capita of Pakistan has been reduced to $587.0 in Jun 2019, compared with the previous value of $650.6 estimated back in June 2016. Another major factor contributing in the growth of the market is social distancing and people perception towards public transport. Further, the country sold around 238,000 units of used vehilced within the year 2020-2021
However,the rise in implication of The biggest constraint for the market is the lack of regulation, hampering any growth of the market due to fear of government authority. Other constraints hindering the market growth is increase in implementation of strict government guidelines for pollution control due to which most of the vehicles areunable to get registrations. With an increase in e-commerce platforms, vehicle sharing services play an important role in the future growth in the vehicle reseller market.
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Vehicle Reseller Market Segmentation
By Vehicle Type
- Hatchback
- Sedan
- Sports Utility Vehicle (SUV)
By Vendor Type
- Franchise Dealer
- Independent Dealer
By Propulsion Type
- Internal Combustion Engine(ICE)
- Petrol
- Diesel
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Asbury Automotive Group, Inc.
- AutoNation, Inc.
- Big Boy Toyz ltd.
- CarMax Business Services, LLC
- Cars24 Services Pvt.Ltd.
- Carvana Co.
- Copart Inc.
- Cox Automobile.com, Inc.
- Group1 Automotive Inc.
- Hendrick Automotive Group
- Kar Auction Services Inc.
- Lithia Motors, Inc.
- Mahindra & Mahindra Limited
- Maruti Suzuki India Limited
- Olx Autos
- Scout24 SE
- TrueCar, Inc.
- Vroom, Inc.
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