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Industry Landscape

The used car market is experiencing strong demand, driven by new vehicle supply chain issues and affordability concerns. Online platforms are disrupting traditional dealerships by offering increased transparency, AI-powered insights, and a more convenient buying experience. Digitalization and consumer demand for data-driven decisions are shaping its evolution, with a focus on value and trust.

Industries:
Used CarsOnline MarketplaceAutomotiveAITransparency

Total Assets Under Management (AUM)

Used Car Sales Volume in United States

~35.9 million units (2023)

(-1.5% (2023 vs 2022) CAGR)

- Decline in sales volume in 2023.

- Reflects market adjustments post-pandemic.

- Inventory levels and interest rates are key factors.

Total Addressable Market

1.7 trillion USD

Market Growth Stage

Low
Medium
High

Pace of Market Growth

Accelerating
Deaccelerating

Emerging Technologies

Generative AI

Gene