How big is the Tanzania Used Car Market?

The Tanzania Used Car Market size is expected to reach USD 38.5 million in 2024 and grow at a CAGR of 7.65% to reach USD 55.66 million by 2029. Read More

What is the current Tanzania Used Car Market size?

In 2024, the Tanzania Used Car Market size is expected to reach USD 38.5 million. Read More

Who are the key players in Tanzania Used Car Market?

SBT Japan, Be Forward, Enhance Auto, CarTanzania and UsedCars.co.tz are the major companies operating in the Tanzania Used Car Market. Read More

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

In 2023, the Tanzania Used Car Market size was estimated at USD 35.55 million. The report covers the Tanzania Used Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Tanzania Used Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

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

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

Tanzania Used Car Market is Segmented by Vehicle Type (Hatchbacks, Sedans, and Sports Utility Vehicles/Multi-Purpose Vehicles), Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, Electric, and Other Fuel Types (LPG, CNG, Etc. )), and Sales Channel (Online and Offline). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

Tanzania Used Car Industry Overview

The market is moderately fragmented and competitive, with the presence of various online used car platforms and international used car dealerships operating across Tanzania. Some of the major players include SBT Japan, Be Forward, Enhance Auto, CarTanzania, UsedCars.co.tz, Jiji, Garipesa, Car Junction Tanzania, and Bizupon, among others.

These players compete based on various parameters such as used car prices, online presence, value-added offerings such as warranty and financing options, commissions charged, number of listings on their platform, and ready information available on their website about the performance and the condition of used vehicles, among others. Various companies operating in the ecosystem are actively engaging in enhancing their brand presence by forming partnerships to expand their business capability across Tanzania. For instance,

In October 2021, SBT Co., Ltd, a trading company specializing in the export of new and used vehicles from Japan to more than 150 countries, including Tanzania, announced a partnership with NTT Communications Corporation to initiate conducting a trial of a solution that allows prices and settlement details to be displayed in local currencies at guaranteed rates of exchange on SBT's cross-border e-commerce site.

In March 2021, SBI Motor Japan, a Japanese-based used and new car dealership company, established its first office in Dar es Salaam, Tanzania, and initiated the process of taking applications for new partnerships in the East African region.