How big is the South-East Asian Used Car Market?

The South-East Asian Used Car Market size is expected to reach USD 65.32 billion in 2024 and grow at a CAGR of 6.65% to reach USD 90.13 billion by 2029. Read More

What is the current South-East Asian Used Car Market size?

In 2024, the South-East Asian Used Car Market size is expected to reach USD 65.32 billion. Read More

Who are the key players in South-East Asian Used Car Market?

Carro, Carsome Sdn Bhd (including iCar Asia), Cars24 Services Private Limited, Oto and Carmudi are the major companies operating in the South-East Asian Used Car Market. Read More

What years does this South-East Asian Used Car Market cover, and what was the market size in 2023?

In 2023, the South-East Asian Used Car Market size was estimated at USD 60.98 billion. The report covers the South-East Asian Used Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South-East Asian Used Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Southeast Asia Used Car Market - Share, Analysis & Growth

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

The Southeast Asia Used Car Market Report is Segmented by Vehicle Type (Hatchback, Sedan, Sports Utility Vehicle (SUV), and Multi-Purpose Utility Vehicle (MPV)), Fuel Type (Gasoline, Diesel, and Other Fuel Types), Booking Type (Online and Offline), Vendor (Organized and Unorganized), and Country. The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

South East Asian Used Car Industry Overview

The Southeast Asian used car market is highly fragmented and competitive due to various international and domestic players operating in the ecosystem. Some prominent players include Carro, Carsome, Cars24 Services Pvt. Ltd, Oto, Carmudi, and Automart PH. These contenders fiercely compete on multiple fronts, from pricing and online visibility to value-added services like warranties and financing, the depth of their car listings, and detailed vehicle performance data availability.

In March 2024, Honda Malaysia unveiled plans to extend its Honda Certified Used Car Business, targeting a network of 32 sales outlets across Malaysia. The move aims to bolster the nation's used car market, offering consumers a reliable option through a trusted platform. Honda Malaysia emphasized its commitment to providing vehicles aged five years and younger to its Malaysian clientele.
In January 2024, Carro, an online used car platform from Singapore, inaugurated two new branches in Thailand: Kingkaew and Tiwanon. This strategic expansion underscores Carro's pursuit of the region's promising market. With these additions, Carro's branch count in Thailand reached five by January 2024.

Many companies within this ecosystem are proactively venturing into the online used car market, aiming to strengthen their brand presence and expand their operations across Southeast Asian countries.