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anitakumarigrewal · 5 years

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In the Asia Pacific region, the Philippines used the Vehicles Industry is one of the most auspicious markets within the Southeast Asia due to the wide volume being traded each year. There have been a number of regulatory transformation that have obstructed the market namely the present amendment on the greater tax rates for the vehicles in the dissimilar cost brackets. There are also a number of several other challenges that present for the market namely price discrepancies, shortage of standardization and several others. Whereas, the market has a lot of capacities to increase and is presently observed to be in its growth stage. However, there are a number of growth factors which has occasioned in an enlargement of the market since 2014, a listing of vehicles on online auto portals or social media pages namely Facebook, an augment in the back repossessed car market and the perception of trade-ins.

The effective growth in the average ticket size of the used car, the enormous augment in the requirement for the used cars, a surge in the online catalogue of used vehicles is some of the causes to outgrowth the growth in the ASIA PACIFIC USED VEHICLES MARKET. Therefore, in the near years, it is projected that the market of used car will increase more effectively over the coming years.

By the type of market, in the Asia Pacific, the organized market of the Philippines used car market is small in the assessment to the unorganized market in terms of the revenue in the recent past. The organized market comprises of DDSA, banks repossessed cars and the multi-brand merchants. The unorganized market consists of the freelancers and people customers selling a very lower capacity a very low volume of vehicles in the region. The C2C/unorganized market of the Philippines in the Asia Pacific region is deducting year on years owing to the growing consciousness on the perks of purchasing a car from the organized segment. The cars with the misfortune history are very problematic to track in the unorganized market, therefore, the potential client has taking place to switch their pre-owned car buys to organized market.

Nonetheless, in the Asia Pacific region, within the organized market, the sales channel can either be a direct dealership walk-in or a lead created by the online sites for the organized players to augment their sale possibility. In the case of an online channel, the subsequent sale of the unit takes the place from a physical position only. The unorganized market players also take the effective benefit of listing their fleet on confidential portals and social media platform to augment their outreach. Although, the other channel is, straight the dealer sellout, wherein the separate seller arranges of the used car for the fair market cost to either the multi-bran d dealer or DDSA.

Nonetheless, in the Asia Pacific region, the Japanese produced used car brands were the most frequently promoted the used cars in the Philippines market. This is owing to the most of the Japanese cars brands are robust because of superiority manufacturing and are obtainable at an inexpensive price. The technology used in the Japanese cars is professed to be better than the rest of the producers. The German cars are also very prevalent among the consumers in the Philippines; however, they are comparatively sophisticated priced. Toyota Certified is the principal Direct Dealership Sales Agents (DDSA), included in marketing the maximum volume of specialized used car. This is followed by Nissan Philippines and Honda Philippines.

To know more, click on the link below:-

ASIA PACIFIC USED VEHICLES MARKET

Ken Research

Ankur Gupta, Head Marketing & Communications

[email protected]

+91-9015378249

#asia pacific used vehicles market size

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ratiram · 5 years

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The report titled “Germany Used Car Market Outlook to 2023 - Led by Surge in Multi-Brand Dealerships Coupled with Improved Quality and Inspection of Used Cars” provides a comprehensive analysis of used car market in Germany. The report focuses on overall market size in terms of sales volume of used cars; Germany used car market segmentation by Market Structure (Organized and Unorganized market) both in terms of GTV, By Organized Market (Multi-brand Dealerships and OEM Certified Dealerships), By Unorganized Market (C2C, Online Sales and Local Dealers), By Car Make (Volkswagen, Opel, Mercedes, BMW, Ford, Audi, Renault, Skoda, Fiat, Peugeot and others), By Year of Manufacture (<2000, 2000-2002, 2003-2005, 2006-2008, 2009-2012, 2013-2018), By Kilometers Driven (Less than 5,000, 5,000-20,000, 20,000-50,000, 50,000-80,000, 80,000-120,000 and above 120,000) and By Type of used cars (Economy/Hatchback, MPV’s/Sedan and SUV’s). The report also covers the overall comparative landscape, trends and growth drivers, issues and challenge, decision making parameters, market share in terms of sales volume, strengths and weakness and government regulations. The report concludes with future projections and analyst recommendations highlighting the major opportunities and cautions.

Market Overview and Size

The Germany used car market was observed to grow with a volatile growth pattern in the review period 2013-2018. It has become convenient for the used car dealers to list the cars and tap a larger market with rising internet penetration. Factors such as increasing online used car companies, geographical expansion of used car dealerships, availability of car financing and insurance options and others have helped the used car industry to grow in Germany in terms of sales volume.

Market Segmentation

By Market Structure (Organized and Unorganized): The organized segment was observed to dominate the used car industry both in terms of Gross Transaction Value (GTV) as well as sales volume. The organized used car market is leading in Germany owing to the services provided by these dealerships such as used car certifications, inspection of the used car, free services, car refurbishing, offer documentation regarding the stringent inspection process, MOT and the transfer of ownership.

By Organized Market (Multi-brand Dealerships and OEM Certified Dealerships): The multi-brand dealerships recorded a larger market share in the organized used car market as multi-brand used car dealers have various brands and models available with them and the consumers have the choice of comparing and then purchasing the used cars. Additionally, the organized used car dealers have a larger geographical presence in the country

By Unorganized Used Car Market (C2C, Online Sales and Local Dealers): The Customer to customer segment dominated the unorganized used car market with a significant market share followed by online sales and Local Dealerships. The customer to customer is preferred by the consumers who do not trust in purchasing a used car from an organized player or a local dealership in the country.

By Car Make (Volkswagen, Opel, Mercedes, BMW, Ford, Audi, Renault, Skoda, Fiat, Peugeot and others): The most preferred used car brands in Germany were observed to be Volkswagen, Opel, Mercedes, BMW, Ford followed by Audi, Renault, Skoda, Fiat, Peugeot and others. The market share of the new car sales of the mentioned brands is high due to which customers have established a trust factor with these brands.

By Year of Manufacture (<2000, 2000-2002, 2003-2005, 2006-2008, 2009-2012, 2013-2018): The used cars manufactured in the years from 2013 to 2018 have recorded the highest market share in the Germany used cars space in 2018. The segment was followed by cars manufactured between 2009 to 2012 segment.

The used cars driven between 20,000 to 80,000 km are the most in demand in Germany.

By Type of Used Cars (Economy/Hatchback, MPV’s/Sedan and SUV’s): Economy and Hatchback recorded the highest sales of used cars in 2018, contributing to a massive market share followed by MPV’s/Sedan and SUV’s. The young individuals ranging from 22-28 years in Germany prefer to purchase these cars due to a constraint budget.

Comparative Landscape

Competition within the Germany used cars market was observed to be highly fragmented along with the presence of large number of OEM certified dealerships, local dealers, multi-brand dealers and individual sellers. The major companies in the offline Germany used car market include Emil Frey Group, AVAG Holding SE, Dello-Durkop-Hansa-Group, Feser-Graf-Group, Senger Group, Weller Group, Gottfried Schultz, Tiemeyer Automobile Group and others. The major companies in the online used car market include Autoscout24, Mobile.de, Hey Car, Auto.de, True Car, BCA, Webauto.de and others. Major competing parameters include number of dealers, marketing initiatives, certification, margin, price, after sales, lead generation and types of warranty.

Future Outlook and Projections

The Germany used car market in anticipated to grow at a positive growth rate with new entrants’ business growth. The used car dealers are also expanding their operations in different regions to cater to a larger market, which is expected to augment the organized market. Geographical diversification model will remain one of the main strategies of leading used car dealers in the organized sector in Germany.

Key Segments Covered

By Type of Market Structure:

Organized Market

Multi-brand Dealerships

OEM Certified Dealerships

Unorganized Market

Customer to Customer

Online Sales

Local Dealers

By Car Make:

Volkswagen

Opel

Mercedes

BMW

Ford

Audi

Renault

Skoda

Fiat

Peugeot

Others (Seat, Hyundai, Toyota, Nissan, Mazda, Citroen, Smart, Kia, Mini, Volvo, Mitsubishi, Suzuki, Honda, Dacia, Porsche, Chevrolet, Alfa Romeo, Jeep, Subaru, Land Rover, Chrysler, Jaguar, Daihatsu, DS, Saab, Lancia, Lexus, MG Rover, Ssangyong, Sachsenring, Dodge, Iveco, Ferrari, Maserati, Cadilac, Infiniti, Tesia, Austin and rest)

By Year of Ownership:

<2000

2000-2002

2003-2005

2006-2008

2009-2012

2013-2018

By Kilometers Driven:

Less than 5,000

5,000-20,000

20,000-50,000

50,000-80,000

80,000-120,000

Above 120,000

By Type of Used Cars:

Economy/Hatchback

MPV’s/Sedan

SUV’s

Key Target Audience

Offline Dealers

Online Portal

Organized Multi Brands Dealers

OEM Certified Dealerships

Online Portal

Private Equity and Venture Capitalist

Industry Associations

OEM Manufacturers

Automotive Manufacturers

Car Auction Companies

Time Period Captured in the Report:

Historical Period - 2013-2018

Forecast Period – 2019-2023

Companies Covered:

Online Dealerships:

Autoscout24

Mobile.de

Hey Car

Auto.de

True Car

BCA

Webauto.de

Offline Dealerships:

Emil Frey Group

AVAG Holding SE

Dello-Durkop-Hansa-Group

Feser-Graf-Group

Senger Group

Weller Group

Gottfried Schultz

Tiemeyer Automobile Group

Key Topics Covered in the Report

Germany Used Car Market Introduction

Business Model Prevalent in Germany Offline Used Cars Market

Germany Used Car Market Size

Germany Used Car Market Segmentation

Snapshot on Germany Used Car Auction Market

Decision Making Process for Buying and Selling Used Cars

Trends and Development in Germany Used Car Market

Issues and Challenges in Germany Used Car Market

Snapshot on Germany Online Used Cars Market

Government Regulations in Germany Used Car Market

Competition Scenario in Germany Offline Used Cars Market

Germany Used Car Market Future Outlook and Projections, 2019-2023F

Analyst recommendations

Success Case Studies in India Used Car Market-OLX

For more information on the research report, refer to below link:

Germany Used Car Market Research Report

Related reports

Italy Used Car Market Outlook to 2023 – Led by Surge in Demand for Young Used Cars Coupled with Improved Quality and Inspection of Used Cars

Qatar Auto Finance Market Outlook to 2023 –By Banks, Non Banking Financial Companies and Captives, By New and Used Vehicles Financed, By Type of Vehicle Financed (Motor Bikes, Cars and Light Commercial Vehicles) and By Loan Time Period

Philippines Used Car Market Outlook to 2023- by Market Structure (Organized and Unorganized Market), by Origin of Sale (Direct Dealership Sales Agent, Repossessed Units Sold By Banks and Multi Brand Dealers), by Sales Channel (Online and Dealership Walk-ins), by Average Vehicle Replacement Period and by Major Car Manufacturer Brands

Ken Research

Ankur Gupta, Head Marketing & Communications

[email protected]

+91-9015378249

#zukunftsausblick gebrauchtwagenmarkt deutschland

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un-enfant-immature · 6 years

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Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

CarDekho, an online marketplace for car sales in India, has pulled in a new $110 million Series C funding round from a clutch of existing investors to push deeper into financial services and insurance.

Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners. No valuation was disclosed, but a report from Economic Times one month ago suggested that the round would value the company in the $400-$500 million range. That’s up slightly on a $360 million valuation from CarDekho’s previous fundraising in 2016.

The deal takes the company to $185 million to date from investors, which also include Times Internet, Ratan Tata — Tata Group’s Chairman Emeritus — HDFC Bank and Dentsu.

Founded in 2005 as GirnarSoft, CarDekho operates a range of online portals that sell new and second-hand cars and motorbikes in India. The company has also branched out into Southeast Asia where it operates portals in Malaysia, Philippines and Indonesia and, on the content side, it operates a YouTube channel and an auto blog and reviews site. CarDekho claims 39 million monthly unique visitors to its websites, and six million downloads of its apps, but it is not sharing revenue details.

CarDekho claims to work “actively” with 5,000 dealerships in India while it has direct retail partnerships with eight car and motorbike makers. It claims to influence 42 percent of sales for those dealerships and 15-30 percent of annual sales for those auto- and bike makers, although the company didn’t provide specific details on how it calculates those figures.

Beyond helping facilitate sales, it also offers car financing in partnership with over 10 financial entities who offer terms to its customers. It has provided insurance options too since 2017 and, with this new funding in the bag, it said that it intends to double down and build out more “transaction services” that go hand-in-hand with auto sales.

“Our contribution to a person buying a new car has grown manifold and this will continue to be a bulwark for us. Our used cars engine has scaled up tremendously and has also enabled us to incubate allied businesses like insurance and finance business as they are one of the largest opportunities ahead of us. The opportunity lies in extending formal credit and insurance coverage to the new-to-formal economy population and will continue to be a focus area for us” said CEO and co-founder Amit Jain in a statement.

CarDheko is rivaled by the likes of CarTrade, which is backed Temasek and Warburg Pincus and previous gobbled up rival CarWale, Truebil and Cars24, a service that buys cars from consumers and resells them to dealers. Notably, Sequoia India is also an investor in Cars24.

#TechCrunch

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williamsjoan · 6 years

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Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners.

[Update] The company confirmed that the deals gives it a valuation of $400-$500 million, that’s in line with a report from Economic Times one month ago. The figure is up slightly on a reported $360 million valuation from CarDekho’s previous fundraising in 2016.

The deal takes the company to $185 million to date from investors, which also include Times Internet, Ratan Tata — Tata Group’s Chairman Emeritus — HDFC Bank and Dentsu.

CarDekho claims 39 million monthly unique visitors to its websites, and six million downloads of its apps. On the finance side, it said revenue went from 114 crores ($16.3 million) in the 2016-2017 financial year to 160 crore ($22.8 million) in 2017-18. (The Indian financial calendar runs from April 1 to March 31.)

Auto marketplace CarDekho grabs $110M to double down on insurance and financial services published first on https://timloewe.tumblr.com/

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theinvinciblenoob · 6 years

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Sequoia India, Hillhouse and Alphabet’s CapitalG led the round which also saw participation from Axis Bank, one of CarDekho’s financing partners.

The deal takes the company to $185 million to date from investors, which also include Times Internet, Ratan Tata — Tata Group’s Chairman Emeritus — HDFC Bank and Dentsu.

via TechCrunch

#IFTTT #TechCrunch

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fmservers · 6 years

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Auto marketplace CarDekho grabs $110M to double down on insurance and financial services

The deal takes the company to $185 million to date from investors, which also include Times Internet, Ratan Tata — Tata Group’s Chairman Emeritus — HDFC Bank and Dentsu.

Via Jon Russell https://techcrunch.com

#TechCrunch

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kenresearchcompany · 3 years

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Philippines Used Car Market Outlook To 2026 : Ken Research

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The report titled “Philippines Used Car Market Outlook To 2026 (Third Edition): Driven by the Pandemic Incited New Opportunities for Used Car Dealers and Increased Penetration in the Online Space for Used Car Transactions” provides a comprehensive analysis of the used car market trends and performance in Philippines. The report covers several aspects such as volume of used cars & market size, value chain, business models, customer behavior, target audience, trends & developments, growth drivers, issues & challenges faced by the industry, government regulations, SWOT analysis, and other aspects. Further, the report focuses on major market segmentations by market structure, origin of sale, ticket size, region, type of vehicle, brand, replacement period, by mileage, etc. Philippines Used Car Industry report concludes with projections for future of the industry including forecasted sales revenue and volume by 2026, impact of Covid-19, snapshot on online used car market, and analysts’ take on the future market scenario.

Philippines Used Car Market Overview and Size:

Philippines Used Car market is in its growth phase, having registered a five-year CAGR of xx% (2016-2021) as the total value of sales increased from PHP xx Billion in 2016 to PHP xx Billion in 2021. The market size by volume increased from xx cars in 2016 to xx cars in 2021 while registering a five-year CAGR of xx% in the period. There are a number of growth drivers which has resulted in expansion of the market; these include a surge in the demand of private cars, increasing per capita income, convenient financing facilities, increased internet penetration and enhanced digitalization of the used cars space. Customers of the used cars can be divided according to their needs generally belonging to the working age group.

Philippines Used Car Market Segmentations

By Market Structure (Unorganized, and Organized): Organized market constitutes significant share in the overall ‘Used Car Market of Philippines’ in terms of sales volume in the year 2021. Majority of the vehicle buyers in the country find it easy to trade used cars through the unorganized market channel.

By Sales channel (B2C- Multi-brand Dealers, DDSAs, and Bank Repossessed Car Auctions): Multi Brand Dealership outlets are dominating in Philippines due to the large portfolio of vehicles provided with a huge space for negotiation on purchase. However, DDSA certified cars are relatively in better condition due to certification and high quality of refurbishment.

By Source of Lead generation (Online, Dealership walk-ins): In Philippines, selling and buying a used vehicle via online classified platform is the most convenient method for customers and dealers. The online channel provides an easy way to buy/sell used cars for the organized players. Since the volume of cars listed by dealers is huge, therefore they are eligible for a bulk listing discount from the online classified pages and online used car portals.

By Type of Car: Among this segment Sedans are the market leaders with the highest market share in 2021 followed by SUVs, hatchback, pickup vans, MPVs and others. SUV are one of the most common types of cars that are sold in the market. Since Sedans suit the above requirements best, they are highly preferred by the used car buyers.

By Price: The average ticket size of a used car market is growing over the years. Most of the used/pre-owned cars in Philippines are priced in the range of PHP 300k and PHP 500k.

By Brand: Toyota is the market leader in Philippines accounting for the largest share of sale of used cars by volume. Japanese brands such as Toyota, Honda, Nissan, Mitsubishi, etc., are the most preferred due to strong brand preference, reliability, longer life span, and higher retention value of the used vehicle

By Region: Metro Manila dominates the used vehicle market in Philippines as most of the organized players operate in this region. Since, it is the most economically developed region in the Philippines, the average age of replacement of cars is quite low, leading to more used cars availability in the area.

By Average Replacement Period: It has been observed that average replacement period of a car in Philippines is 4 to 5 years. Most of the individuals in Philippines sell their vehicle after using it for these many years in order to gain maximum utility and get a fair market price after considering depreciation.

By Kilometers Driven: The maximum number of cars sold in the year 2021 fell in the range of 20,000 to 50,000 kilometers of mileage.

By Fuel: Most Filipinos prefer either gasoline or diesel cars. When it comes to hybrid and electric, their share in the Philippines market is almost negligible given their high prices.

Snapshot on Online Used Car Landscape

Most Filipinos prefer buying the used car from a dealer. However, with increasing internet penetration, the online sale for used car has been gaining traction in the last few years. Facebook plays a key role in expanding the ‘Used Cars Market in Philippines’. Emergence of online auto-portals and classified platforms such as Carousell, Carmudi, AutoDeal, Philkotse, Automart, etc., have provided increased visibility and facilitated the sale of used cars. However, there is no organized platform for direct B2C & C2C online offering for used car sales currently. Prominent C2B car players such as Carsome are planning to enter the Philippines in the near future.

Competitive Landscape of Philippines Used Car Market

Used Car Market in Philippines is highly fragmented as majority of the market is unorganized. There exists intense competition in the highly fragmented market with various OEM certified, brand authorized dealerships, multi-brand outlets & independent (standalone as well as clustered dealers) operating in the industry. The repossessed car market in Philippines is fairly concentrated, as major banks involved in auctions are only 8-10. Used car dealers in Philippines compete on the basis of number of dealership outlets; value added services, quality checks performed, insurance and finances and portfolio of used cars at their dealership store.

Philippines Used Car Future Outlook & Projections

The used car industry in Philippines is expected to grow in the future at a single digit CAGR over the forecast period (2021P to 2026F). The market structure is expected to be consolidated in the future as the market share of players selling vehicles via organized channel is expected to surge. The average ticket size of a used vehicle is expected to increase as the average replacement period is reducing over time. The customers will tend to switch to used cars and new cars at a rate faster than before, depicting rapid change in consumer preferences. The multi-brand dealers and banks are strategically partnering with online classified pages and online auto portals to make the process accessible and transparent for the buyers. . The customers in the future will make well informed decision as lot of information will made available regarding car pricing at their disposal in the future across various platforms. Certain foreign established C2B players are too considering Philippines Used Car market a growing and profitable venture.

Request for Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTI0MDM4

Key Segments Covered

By Market Structure

Organized

Unorganized

By Sales Channel (Organized Segment)

Multi-brand Dealers

Direct Dealership Sales Agents

Bank Repossessed Cars

By Source of Lead generation (Organized Segment)

Online

Dealership walk-ins

By Average Ticket Size

Less than PHP 100,000

PHP 100,000-300,000

PHP 300,000-500,000

PHP 500,000-700,000

PHP 700,000-1,000,000

More than PHP 1,000,000

By Region

Metro Manila

Northern Luzon

Southern Luzon (except Metro Manila)

Visayas

Mindanao

By Type of Vehicle

Sedan

SUV

Hatchback

Pickup Vans

MPV

Others (convertibles, coupe, crossover, sports vehicles, etc.)

By Fuel

Gasoline

Diesel

Others (Hybrid and Electric)

By Type of Vehicle Manufacturer

Japanese

Korean

American

Chinese

German

British

Others

By Brand

Toyota

Mitsubishi

Hyundai

Ford

Nissan

Honda

Isuzu

Suzuki

Others (Kia, Mazda, Mercedes, Audi, etc.)

By Average Replacement Period

Less than 2 years

2-4 years

4-6 years

6-8 years

More than 8 years

By Mileage

Less than 10,000 Kms

10,000-20,000 Kms

20,000-50,000 Kms

50,000-75,000 Kms

75,000-100,000 Kms

Above 100,000 Kms

Companies Covered

OEM Dealerships

Toyota Certified

Nissan Intelligent Choice

BMW Premium Selection

Mercedes Benz Certified Pre-owned

Banks (Repossessed Car Auctions)

EastWest Bank

Security Bank

BDO Unibank

Online Portals – Online Auto Classified Platforms

Carmudi

Carousell

AutoDeal

Automart

Zigwheels

Philkotse

Multi-Brand Dealers

Carmax

Carmix (by Lausgroup)

Automobilico

All Cars

Five Aces

Berylle Car Sales

Time Period Captured in the Report:-

Historical Period – 2016-2021P

Forecast Period – 2021P-2026F

Key Topics Covered in the Report

Executive Summary

Research Methodology

Philippines Used Car Market Overview

Philippines Used Car Market Size, 2016-2021P

Philippines Used Car Market Segmentation, 2021P

Growth Drivers in Philippines Used Car Market

Issues and Challenges in Philippines Used Car Market

Government Regulations

Ecosystem and Value Chain of Used Car Industry in Philippines

Customers Purchase Decision Making Parameters

Cross Comparison between Major OEMs and Multi-brand Dealers and Company Profiles & Product Portfolios

Snapshot on Online Used car market

Philippines Ancillary Services Market

Future Market Size and Segmentations, 2021P-2026F

Covid-19 Impact on the Industry & the way forward

Analysts’ Recommendations

For more information on the research report, refer to below link:

Philippines Used Car Market Outlook to 2026 (Third Edition)

Related Reports

Singapore Used Car Market Outlook to 2025: Increasing Used Cars Demand Due to the Pandemic Contributes to Increase in Used Cars Sales during the Economic Crisis

South Korea Used Car Market Outlook to 2026: Relaxed Government Regulations on Big Companies Entering Used Car Market to Facilitate Increase in the Used Cars Sales and Improve the Organized Market Share

Malaysia Used Car Market Outlook To 2025 (Second edition) – Growth of Online Used Car Platforms and increased shift from using public transport to personal cars, fueled by Covid-19 to accelerate Industry's Growth

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#Philippines Used Car Industry #Philippines Used Car Market #Carmudi Philippines Number of Listings #AutoDeal Philippines Users

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