Global Used Car Market Report 2021 News provided by Share this article Share this article The Global Used Car Market was valued at USD 871.25 Billion in the year 2020. The used car market is a huge but untapped market opportunity in most of the countries. A highly fragmented market, the used car market could be beneficial for major dealers across countries to consolidate their position and also to leverage the online sales channel which is highly under-penetrated. However, Covid-19 pandemic has significantly affected the used car market with automotive dealers mostly clearing their inventories than purchasing old cars as consumers' spending power has been massively affected because of recurrent lockdowns and hampering of economic activities.