How big is the Bangladesh Used Car Market?

The Bangladesh Used Car Market size is expected to reach USD 1.40 billion in 2024 and grow at a CAGR of 7% to reach USD 2.15 billion by 2029. Read More

What is the current Bangladesh Used Car Market size?

In 2024, the Bangladesh Used Car Market size is expected to reach USD 1.40 billion. Read More

Who are the key players in Bangladesh Used Car Market?

Bhalogari.com, Car Haat, HSB Cars, Navana Group and Continental Motors Limited are the major companies operating in the Bangladesh Used Car Market. Read More

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

In 2023, the Bangladesh Used Car Market size was estimated at USD 1.30 billion. The report covers the Bangladesh Used Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bangladesh Used Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Bangladesh Used Car Market Size & Share Analysis - Industry Research Report

Bangladesh Used Car Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Bangladesh Used Car Market is Segmented by Vehicle Type (Hatchback, Sedan, Sports Utility Vehicle, and Multi-Purpose Vehicle), Vendor Type (Organized and Unorganized), and Fuel Type (Gasoline, Diesel, Electric, and Other Fuel Types). The Report Offers the Market Size and Forecasts in Value (USD) for all the Above Segments.

Bangladesh Used Car Industry Overview

The used car market in Bangladesh is currently dominated by several key players, including Bhalogiri.com, Car Haat, HSB Cars, Navana Group, Continental Motors Limited, and others. The market is poised for significant growth in the coming years, driven by the increasing importation of cars into the country. The rapid expansion of used car dealerships across the nation is expected to further propel market growth during the forecast period.

For instance, in May 2023, the Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) reported a 3 percent increase in car imports compared to the previous year, indicating a growing demand for used cars in the country.

In April 2023, the Bangladesh Government introduced new duties and taxes on used car imports. These measures include a 15% VAT and import tax ranging from 0% to 40% on used cars, which may impact the pricing and availability of used cars in the market.