Storyline Middle-Class Expansion: Rising middle-class income drives increased car ownership and demand for pre-owned vehicles. Digital Surge: Growing prevalence of online used car platforms boosts sales and enhances accessibility. Strategic Pandemic Support: Moratorium on car loans sustains the used car industry during the pandemic. Fu ....

1. The Used car industry is burgeoning with immense future potential owing to the growth of Online Platforms To Know More about this report, download a Free Sample Report The sales of used cars have relatively remained flat over the last 5 years with average ticket size growing at a modest ~1%. However, post-pandemic, the market has ga ....

How Is the Malaysia Used Car Market Positioned? Overview : The Used car market in Malaysia is quite fragmented amongst the unorganized players in the industry. The used to new car ratio has been increasing over time and is currently at 1.38:1. Increasing demand for private vehicles, increasing purchasing power, easy availability of finance, ....

href="https://www.kenresearch.com/automotive-transportation-and-warehousing/automotive-and-automotive-components/malaysia-used-car-market-analysis/550567-100.html" target="_blank" rel="noopener">Buy Now Rising Internet Penetration: Internet users in Malaysia stands at 29.55 million as of January 2022 while Internet penetration in Malaysia s ....

The report titled “ Malaysia Used Car Market Outlook To 2026F (Third Edition) – Demand for Used Cars Increased Due to Shift in User preference towards Personal Mobility, induced by Covid-19 ” provides a comprehensive analysis on the status of the used car industry in Malaysia. The report covers various aspects including volume of used cars mar ....

How Is The Malaysia Used Car Market Positioned? Overview : The Used car market in Malaysia is quite fragmented amongst the unorganized players in the industry. The used to new car ratio has been increasing over time and is currently at 0.8:1. Increasing demand for private vehicles, increasing purchasing power, easy availability of finance ....

Increasing Internet Penetration: There were 29 million internet users in Malaysia in January 2020. Internet penetration in Malaysia was ~85% during the same period . As the smartphone and internet penetration in Malaysia is increasing, the used car dealers have been able to increase their footfall. The digital platform provides online service ....

The report titled “ Malaysia Used Car Market Outlook To 2025 (Second Edition) – Growth of Online Used Car Platforms and Increased Shift from using public transport to personal cars, fueled by Covid-19 to accelerate Industry's Growth ” provides a comprehensive analysis on the status of the used car industry in Malaysia. The report covers vari ....