Brazil Used Car Market Size & Outlook, 2022-2030
Brazil used car market, 2018-2030 (US$M)
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Brazil used car market highlights
- The Brazil used car market generated a revenue of USD 62,155.2 million in 2022 and is expected to reach USD 116,893.6 million by 2030.
- The Brazil market is expected to grow at a CAGR of 8.2% from 2023 to 2030.
- In terms of segment, conventional was the largest revenue generating vehicle type in 2022.
- Electric is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Used car market data book summary
| Market revenue in 2022 | USD 62,155.2 million |
| Market revenue in 2030 | USD 116,893.6 million |
| Growth rate | 8.2% (CAGR from 2022 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Electric |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hybrid, Conventional, Electric |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, CarMax Inc, Asbury Automotive Group Inc, TrueCar Inc, Scout24 SE, Lithia Motors Inc Class A, Group 1 Automotive Inc, EBay Inc, AutoNation Inc, Hendrick Automotive Group |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.7% of the global used car market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil used car market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 116,893.6 million by 2030.
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Used Car Market Scope
Used Car Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Brazil used car market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to used car market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 44.26% in 2022. Horizon Databook has segmented the Brazil used car market based on hybrid, conventional, electric covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil used car market is expected to show a high compound annual growth rate in the coming years, owing to the increasing adoption of used cars by the low-income and middle-income consumer segment.
The brazil used car supply chain is developing currently, and this is expected to become one of the prominent factors for used car sales. Since the companies in the market are susceptible to pay different taxes, the current challenge faced by the market players is to move the used cars as efficiently and as quickly as possible from the market to the consumer base with high-profit generation.
The organized vendor type segment is expected to register a significant CAGR of 11.0% over the forecast period. Additionally, OEMs are supporting their dealers to adopt digitalized technologies to remain competitive in the market.
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Target buyers of Brazil used car market databook
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Our clientele includes a mix of used car market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil used car market, including forecasts for subscribers. This country databook contains high-level insights into Brazil used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil used car market size, by vehicle type, 2018-2030 (US$M)
Brazil Used Car Market Share, 2022 & 2030 (US$M)
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