Introduction The Europe Used Car Market represents one of the most dynamic segments in the automotive industry. It encompasses the buying, selling, and trading of pre-owned vehicles across countries in the European region. A used car is defined as any vehicle that has been previously owned and registered, making it a more affordable option compared to new cars. This market has global...

Q1. What is the current size and growth outlook of the Philippines used car industry? The Philippines used car industry is valued at approximately USD 6.8 billion in 2023 and is projected to reach USD 11 billion by 2030, expanding at a CAGR of over 7 percent. Increased affordability, digital access, and rising middle-class ownership are fueling this expansion. According to Ken Research, growing...