How big is the Australia Used Car Market?

The Australia Used Car Market size is expected to reach USD 69.90 billion in 2024 and grow at a CAGR of 10.12% to reach USD 113.19 billion by 2029. Read More

What is the current Australia Used Car Market size?

In 2024, the Australia Used Car Market size is expected to reach USD 69.90 billion. Read More

Who are the key players in Australia Used Car Market?

Car24, Carsguide Autotrader Media Solutions Pty Ltd., Gumtree AU Pty Limited, Cartopia Pty Ltd and Carsales.com Limited are the major companies operating in the Australia Used Car Market. Read More

What years does this Australia Used Car Market cover, and what was the market size in 2023?

In 2023, the Australia Used Car Market size was estimated at USD 62.83 billion. The report covers the Australia Used Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Australia Used Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the challenges faced by the Australia Used Car Market?

Key challenges faced by the Australia Used Car Market are a) Maintaining vehicle quality b) Managing inventory levels c) Adapting to changing consumer preferences and technological advancements Read More

Used Car Market in Australia - Share, Trends & Sales Statistics

Used Car Market in Australia Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Report Covers the Australian Used Car Market Value & Forecast and It is Segmented by Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, Electric, and Others), Body Type (Hatchback, Sedan, Sports Utility Vehicle and Multi-Purpose Vehicle), and Sales Channel (Online and Offline). The Market Size and Forecasts for the Australian Used Car Market are Provided in Terms of Value (USD) for all the Above Segments.

Australia Used Car Industry Overview

The Australian used car market is fragmented, with a few key players in the market being Cars24, Carsguide Autotrader Media Solutions Pty Ltd, Gumtree AU Pty Limited, Cartopia Pty Ltd, Carsales.com Limited, and Toyota Certified Pre-Owned Vehicle. The majority of players in the Australian used car market engage in fierce competition by employing a variety of developments and strategies to capture market share and attract customers. For instance,

In July 2023, carsforsale.com.au, an Australia-based online used car marketplace, announced an exclusive partnership with ReDriven, a highly influential player in the used car review sector. This groundbreaking alliance signals a significant advancement in the car retail industry, setting new standards in transparency, quality, and customer satisfaction.
In May 2022, following an AUD 28 million (USD 20 million) seed investment in 2021, the digitally used automobile platform Carma announced the completion of a new AUD 75 million (USD 53.5 million) Series A fundraising round headed by General Catalyst Partners and Tiger Global. Carma, located in Sydney, will use the investment to expand its footprint along Australia's eastern seaboard by establishing offices in Melbourne and Brisbane, capitalizing on the existing demand for used cars in the country.
The end-to-end digital used car platform provides pre-owned vehicles with integrated finance delivered directly to the customer's home, ensuring vehicle quality through an in-house examination and reconditioning procedure.