What is Used Car Mobile Apps?
Used car mobile apps are mobile applications or online marketplaces for buying and selling used or pre-owned cars. Growing adoption of online marketplaces for trading vehicles or automotive and rapidly increasing adoption of smartphones coupled with increasing population has accelerated the used car mobile apps market. With the used car mobile apps the dealers can also send messages to their customers who are looking to buy used cars. Used car mobile apps developers are focusing on adding new features in the applications to provide more flexibility and enhance user experience.
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The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new features, which is likely to encourage the growth of the global market throughout the forecast period. Analysts at AMA Research estimates that Players from United States will contribute to the maximum growth of Global Used Car Mobile Apps market throughout the predicted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
CARS24 (India), TrueCar, Inc. (United States), Autotrader (United States), Edmunds (United States), 5miles (United States), Cars.com (United States), CarMax (United States), CARFAX (United States), Autolist (United States), Droom (India), AUTO1.com GmbH (United States) and AutoScout24 GmbH (Germany) are some of the key players that are part of study coverage.
AMA Research has segmented the market of Global Used Car Mobile Apps market by , Application (B2C and C2C) and Region.
On the basis of geography, the market of Used Car Mobile Apps has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Platform, the sub-segment i.e. IOS will boost the Used Car Mobile Apps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Individual will boost the Used Car Mobile Apps market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Leaders and their expansionary development strategies
In March 2022, AutoScout24, a leading European online car marketplace acquired the majority stake in the European B2B platform for used car provider, AUTOproff. The acquisition will add wholesale to AutoScout24's that will allow dealers to buy and sell used cars across Europe.
In January 2022, General Motors launched the used-car retail platform CarBravo to take on Carvana. CarBravo will provide customers the opportunity to choose used cars from the expanded inventory of GM used vehicles.
- Increasing Use of Online Platforms by the End Users to Search and Buy & Sell Pre-used Cars
- High Growth of Mobile Devices and Penetration of Smartphones
- Increasing Acceptance of Online Marketplaces in Developing Economies
- Lack of Awareness Among the People in Rural Areas Can Limit the Growth
- Some Mobile Apps Doesn’t Support Cross Platforms
Key Target AudienceNew Entrants/Investors, Analysts and Strategic Business Planners, Used Car Mobile Apps Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.