Used Car Market

1. Used Car Market Trends, Business Overview, Industry Growth and Forecast to 2023-2028 The global used car market is anticipated to grow at a significant CAGR of 10.1% during the forecast period. One of the key factors that are boosting the market is the increasing blockchain feature in the vehicle industry for saving the driving history of the vehicle. Such a system has become popular in recent years as it offers consumers to store the driving data of the vehicle which benefits them in insurance and selling their vehicle at the best price since the data informs about the actual vehicle condition. Such a system has increased the buyers' belief in the used vehicle's actual condition and helps in estimating the worth of the used vehicle. The system has been increasing as the used vehicle market boomed in the past few years. To Request a Sample of our Report on Used Car Market https://www.omrglobal.com/request-sample/used-car-market For instance, in August 2021, Morris Garages (MG), launched its new SUV, MG Astor, a vehicle with multiple advanced features. One of them is the blockchain digital passport system which records the driving data of the vehicle. Blockchain is capable of resolving insurance, and reselling issues as drivers can share their driving information with insurers, which can be used for calculating fair insurance rates while for car resellers, sharing the data with potential purchasers about driving history and mileage will yield a more accurate price. MG partnered with Koinearth for recording data in a digital passport, which can be accessed via MG’s application. A full Report of Used Car Market https://www.omrglobal.com/industry-reports/used-car-market Market Coverage    The market number available for – 2021-2028 Base year- 2021 Forecast period- 2023-2029 Segment Covered-    By Vehicle Type By Vendor By Fuel Type Regions Covered-      North America Europe Asia-Pacific Rest of the World Competitive Landscape- including Emil Frey AG, Hertz Car Sales, LLC, Maruti Suzuki, Pendragon PLC, Penske Cars, and others. Key questions addressed by the report       What is the market growth rate? Which segment and region dominate the market in the base year? Which segment and region will project the fastest growth in the market? Who is the leader in the market? How players are addressing challenges to sustain growth? Where is the investment opportunity? Global Used Car Market Report Segment By Vehicle type    Hatchbacks Sedan Sports Utility Vehicle (SUV) By Vendor   Organized Unorganized By Fuel Type   Petrol Diesel

2. For More Customized Data, Request for Report Customization https://www.omrglobal.com/report-customization/used-car-market About Orion Market Research Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. Media Contact Company Name: Orion Market Research Contact Person: Mr. Anurag Tiwari Email: info@omrglobal.com Contact no: +91 780-304-0404