Economic slowdown in Russia led to decrease in volume sales of used cars in the year 2012 to the year 2017 at a negative CAGR during the period 2012-2017. Increase was observed in revenue generated from sale of used cars due to increase in average ticket price of cars. Revenues generated from sale of used cars have increased at a CAGR of 5.2% during the period 2012-2017.
Moscow remains the most dominating region in sale of used cars in Russia.
In Russia, used cars are majorly sold through online platforms which directly connects customer to customer. Increase in number of internet users turns out to be the most important factor for the increase in sale of used cars through online channel.
On the other hand, dealers of used cars in Russia are not operating in the entire country. Major outlets of dealers are situated in large regions such as Moscow, St. Petersburg and others.
Sales of Foreign brand cars dominated Russia's used car market during the year 2017. Sedan dominated the sale of used car market of Russia. Crossovers and SUVs remains the second most preferable used cars in Russia. Hatchbacks were the third largest used cars category.
Major sale of used cars took place in the age bracket of 5-10 years during the year 2017. Sale of used cars in the age bracket 5-10 years holds significant share of the entire used car market in Russia.
Future Outlook and Projections:
Key Topics Covered:
Russia used car market size is expected to increase to sales of 5.9 million units by 2022.
Sale of used cars in Russia through online platform is expected to remains constant during the year 2022.
1. Research Methodology
2. Russia Used Car Market Introduction And Genesis
3. Russia Used Car Market Ecosystem
4. Russia Used Car Market Value Chain Analysis
5. Snapshot On Russia Used Car Finance Market
6. Snapshot On Russia Used Truck Market
7. Snapshot On Russia Used Bus Market
8. Russia Used Car Market Segmentation
9. Government Regulation In Russia For Used Car Market
10. Swot Analysis Of Russia Used Car Market
11. Competition Scenario
12. Buying Decision Parameters For Used Cars In Russia
13. Russia Used Car Market Future Outlook And Projections, 2018E-2022E