Used Car Distribution Industry 2024
Coverage: (Product/service)
Used car distribution industry
Research Target:
Automakers, automobile dealers, enterprises holding auto auctions and bidding, used car dealers, used car buy out companies, automobile users, etc.
Research Content:
Used car market in Japan saw a decline in distribution inventory in 2022, due to the lack of trade-in vehicles as a result of slumping new car sales. Meanwhile, intensifying competition for purchases between domestic dealers and overseas exporters soared the auto auction market prices at historic highs. As a result, the number of domestic used car registrations showed a year-on-year decline, while overseas exports increased slightly year-on-year. Although used car inventories is showing increase in 2023 thanks to the recovery of new car sales, with strong export demand, growing distrust of the domestic used car industry, and changes in governing legislation, environment surrounding the used car industry is changing rapidly. This market report analyzes the current status of the used car market by the trends of used car dealers and consumer trends.
TOC: