Used Car Market to Cross USD 2.93 Trillion by 2030 as Availability of Financing Options for Used Car Purchases has Made It Easier for Consumers to Afford Them | Published by SNS Insider

Based on SNS Insider, with rising disposable incomes, consumers are more likely to purchase a used car as a second vehicle or for recreational purposes.The Used Car Market had a value of USD 1.68 trillion in 2022, and it is projected to increase to USD 2.93 trillion by 2030, with a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period from 2023 to 2030, as reported by SNS Insider.
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