Latin America is going through challenging times with isolation measures and economic difficulties due to COVID-19.
The global microchip shortages and the closure of regional automotive factories impacted new car sales, and stimulated the rise of their prices. It also provoked the increase of used car sales and prices in the region. In 2020, 18.5 million used cars were sold, and almost half of them (9.1 million) were between business-to-business (B2B) and business-to-consumers (B2C) operations.
Each country has its own particularities, depending on factors, such as domestic economy, market informality, and used car sales legislation. The used car market in Latin America comprises mainly physical stores (dealerships and resellers) and private sellers.
However, the rise of online transactional models disrupted this scenario. These digital companies are responsible for purchasing and selling cars, and do not operate as an intermediary, as eMarketplaces do.
This trend has stimulated other automotive companies to develop digital transactional solutions. This research will provide a comprehensive outlook on the used car market in Latin America, and meaningful insights for automotive participants to explore this unique and competitive market.
Key Topics Covered:
1. Strategic Imperatives
Why Is It Increasingly Difficult To Grow?
The Strategic Imperative
The Impact of the Top Three Strategic Imperatives on Used Cars Industry
Growth Opportunities Fuel the Growth Pipeline Engine
2. Growth Opportunity Analysis, Used Car Market
Used Car Market Scope of Analysis
Used Car Market Segmentation
Key Competitors for Used Car Market
Key Growth Metrics for Used Car Market
Growth Drivers for Used Car Market
Growth Restraints for Used Car Market
Forecast Assumptions, Used Car Market
Used Car Market, Total Used Car Sales
Used Car Sales Forecast by Segments, Used Car Market
Used Car Sales Forecast by Segments Analysis, Used Car Market
Used Car Sales Forecast by Country, Used Car Market
Pricing Trends and Forecast Analysis, Used Car Market
Competitive Environment, Used Car Market
3. LATAM Used Car Market Overview
Legislation Effects on the Used Car Market
Used Car Import Permit
Percent Share of Online Offer of Vehicle by Age
ICE & Electrified Vehicles Market
Used Car Sales vs. New Car Sales
Used Car Distribution Structure
Online Business Models in Used Car Sales
Mapping Key CPO Programs, Dealerships, and Stores
Mapping Key eCommerce Marketplace Platform Providers and Online Transactional Companies