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Used Vehicle Market 2025 | Emergence of Franchisee Model Provides New Opportunities for Stakeholders in Used Vehicle Market, Says Fairfield Market Research


Used Vehicle Market 2025 | Emergence of Franchisee Model Provides New Opportunities for Stakeholders in Used Vehicle Market, Says Fairfield Market Research
iCrowd Newswire
29 Jun 2021, 07:09 GMT+10
Data from the International Organization of Motor Vehicle Manufacturers suggests that the automotive industry should record double-digit CAGR by the year 2028. Not all customers can afford new cars, meaning that a significant chunk of this growth is due to the
used vehicle market. While the average holding time of vehicles has dropped in the last decade, the used vehicle market provides a diverse range of options for both first time buyers or repeat purchasers.
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