1. Singapore sustains 1 st rank in Asia in the World Bank's Ease of Doing Business index 2020, ranked 2 nd globally In 2020, Singapore ranked 2nd out of 190 countries in the World Bank’s Ease of Doing Business Index. The country has maintained its second position for four consecutive years. In the Global Competitiveness Index ranking, Singap ....

Buy Now A used car is the second-hand vehicle that is accessible for resale. Several outlets such as franchise and independent car dealers, rental car companies, auctions, private party sales, and leasing offices sell used cars. A surge in the requirement of private cars, coupled with opportune financing facilities, augmented internet penetrati ....

HOW IS THE SINGAPORE USED CAR MARKET POSITIONED? Overview : 65% of the total population is under the age bracket 20-64 years supplemented by the high per capita income. The used car market in Singapore is quite fragmented. There has been a surge in the demand for private vehicles since the pandemic has made it quite risky to use public trans ....

Buy Now Key Findings The Used Cars Market in Singapore has been gaining traction since several years, however, the growth has accelerated especially over the last decade as several online operating players have entered the segment. The increasing digital space encapsulating the used cars segment has provided a boost to the industry ....

Increasing Online Presence: The year 2020 saw a tremendous increase in the usage of the online space for buying and selling cars. Although online classified platforms such as Carousel and DBS Marketplace were gaining traction for quite some time, the pandemic made it absolutely necessary for most of the dealers to have an online presence. Approx ....

Increasing Internet Penetration: There were 52 million internet users in Thailand in January 2020 Internet penetration in Thailand was 75% during the same period. As the smart phone and internet penetration in Thailand is increasing, the used car dealers have been able to increase their footfall. They are using digitalization to make market offe ....

The report titled “ Thailand Used Car Market Outlook To 2025 – Growth of Online Used Car Platforms and Easy Availability of Credit Escalating Industry's Growth ” provides a comprehensive analysis on the status of the used car industry in Thailand. The report covers various aspects including volume of used cars market size, production scenario ....