Le Lézard
Classified in: Transportation, Covid-19 virus
Subject: MRR

Latin America Used Car Market Report 2021: Global Microchip Shortages and the Closure of Regional Automotive Factories Provoked the Increase of Used Car Sales and Prices

DUBLIN, Nov. 30, 2021 /PRNewswire/ -- The "Latin American Used Car Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.

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Latin America is going through challenging times with isolation measures and economic difficulties due to COVID-19.

The global microchip shortages and the closure of regional automotive factories impacted new car sales, and stimulated the rise of their prices. It also provoked the increase of used car sales and prices in the region. In 2020, 18.5 million used cars were sold, and almost half of them (9.1 million) were between business-to-business (B2B) and business-to-consumers (B2C) operations.

Each country has its own particularities, depending on factors, such as domestic economy, market informality, and used car sales legislation. The used car market in Latin America comprises mainly physical stores (dealerships and resellers) and private sellers.

However, the rise of online transactional models disrupted this scenario. These digital companies are responsible for purchasing and selling cars, and do not operate as an intermediary, as eMarketplaces do.

This trend has stimulated other automotive companies to develop digital transactional solutions. This research will provide a comprehensive outlook on the used car market in Latin America, and meaningful insights for automotive participants to explore this unique and competitive market.

Key Topics Covered:

1. Strategic Imperatives

2. Growth Opportunity Analysis, Used Car Market

3. LATAM Used Car Market Overview

4. Growth Opportunity Analysis, Stores

5. Growth Opportunity Analysis, Online Transactional Companies

6. Country Analysis, Argentina

7. Brazil

8. Chile

9. Colombia

10. Mexico

11. Peru

12. Competitor Landscape Mapping & Analysis - Key eCommerce Platforms

13. Key Used Car Dealers

14. Key OEM CPO Programs

15. Growth Opportunity Universe, Used Car Market

16. Next Steps

For more information about this report visit https://www.researchandmarkets.com/r/riu5he

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SOURCE Research and Markets

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