Second Hand Vehicle Trading Service Market
                     Second Hand Vehicle Trading Service Market  
Analysis And Future Forecast Outlook
The second hand vehicles are used vehicle  which are registered previously with regulatory 
authorities or government bodies. These vehicles are sold through traditional offline channels such 
as walk-in car stores, car dealers, rental companies, auction houses, and franchise among others; as 
well as through online sales channels such as dedicated car selling websites, buying and selling 
platforms, and social media among others.
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Market Dynamics
Original equipment manufacturers (OEMs) across the globe are focused on continuous product 
innovation, and introducing new vehicle models with advanced features to expand their consumer 
bases. As a result, existing car owners are purchasing new cars and selling their old or existing cars 
in the aftermarket. Moreover, various OEMs have started their own organized second hand car 
trading car trading services. For instance, Mahindra and Mahindra, an Indian car manufacturer, is 
providing multi brand certified second hand cars through its group company Mahindra First Choice.
The increasing number of organized players in the second hand vehicle trading market is one of the 
major contributing factors to the growth of the global second hand car market. 
Second hand vehicles or used vehicles are defined as vehicles that are already registered and are 
available for sale. In recent years, the longevity, reliability and quality of used cars has improved, 
while global demand for cars continues to rise. Used vehicles offer consumers mobility at a lower 
cost, owing to which demand for used cars has increased substantially among middle class people. 
Moreover, increasing disposable income in developing countries such as China and Brazil is also 
one of the contributing factor for the growth of used car market.
 
Detailed Segmentation:
•Global Second Hand Vehicle Trading Service Market, By Vehicle Type
•Passenger Cars
•Hatchback
•Sedan
•SUV
•Light Commercial Vehicles
•Heavy Commercial Vehicles
•Global Second Hand Vehicle Trading Service Market, By Fuel Type:
•Petrol Vehicles
•Diesel Vehicles
•Electric Vehicles
•Others
•Global Second Hand Vehicle Trading Service Market, By Sales Channel:
•OEMs/Direct Sales
•Third Party Services 
•Global Second Hand Vehicle Trading Service Market, By Mode of Sales:
•Online
•Offline
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Major players operating in the global second hand vehicle trading service market include 
Autotrader (Cox Automotive), cars.com, Cars24, eBay Motors, Edmund, Guazi, Hemmings, 
Kbb, Renrenche, Truebil, TrueCar and Uxin among others.
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