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

Hong Kong 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 Alternative Fuel Vehicles). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

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

Hong Kong Used Car Industry Overview

Hong Kong's Used Car Market is dominated by several key players, including Venture Motors Ltd. (Ford Hong Kong), Zung Fu Limited, Kam Lung Motor Group, VIN'S MOTORS COMPANY LTD., and Others. The growing organized and semi-organized sector is expected to bring in more revenue for the leading organized players toward the latter half of the forecast period. For instance,

In August 2023, The Hong Kong government imposed new policies and regulations on the import of used cars in the country. The government imposed around 40% tax on imported used cars.

In March 2022, Zung Fu Limited and Mercedes-Benz collaborated to sell used cars in Hong Kong. Through this collaboration, Zung Fu Limited became the official distributor of Mercedes-Benz cars in Hong Kong.

Hong Kong Used Car Market Leaders

  1. VIN’S MOTORS COMPANY LTD

  2. Kam Lung Motor Group

  3. Zung Fu Limited

  4. Hong Kong Motor City

  5. DCH Motors Limited

  6. *Disclaimer: Major Players sorted in no particular order
Hong Kong Used Car Market Concentration

Hong Kong Used Car Market Report Snapshots

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