The global used cars market is anticipated to be valued at $1,970.0 billion by 2028 , surging from $1,179.8 billion in 2020 , at a noteworthy CAGR of 6.8% . Analysis of Covid-19 Impact on Used Cars Market The Covid-19 impact on used cars market has been moderate. The imposed lockdown measures across the world affected the automobile industry for the sales of new vehicles, but the used cars sector was considerably less affected by the Covid-19 pandemic. The general population find used cars economically more feasible as compared to the new cars. According to "True Value an organized used car retailer" of India, demand for used cars surged during the pandemic with the preference for personal mobility getting stronger. At Maruti True Value, inquiries witnessed a growth of 6% in FY21. These factors are expected to impact the used cars market positively. Checkout How COVID-19 Impacts on Used Cars Market? Get in Touch with our Expert Analyst@ https://www.researchdive.co
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