Mexican Used Premium Car Market Analysis

Mexican Used Premium Car Market Analysis

Future Growth Potential of Online Transactional Businesses, as Used Premium Car Sales Rise due to New Vehicle Shortage

RELEASE DATE
08-Nov-2022
REGION
North America
Deliverable Type
Market Research
Research Code: K82A-01-00-00-00
SKU: AU02433-NA-MT_27088
AvailableYesPDF Download

$2,450.00

Special Price $2,082.50 save 15 %

In stock
SKU
AU02433-NA-MT_27088

Mexican Used Premium Car Market Analysis
Published on: 08-Nov-2022 | SKU: AU02433-NA-MT_27088

Need more details?

$2,450.00

$2,082.50save 15 %

DownloadLink
Need more details?

The used premium car sector represents almost 3% of the Mexican used car market; it expanded in the last few years due to global scarcity of materials and auto parts, an absence of new premium vehicles, and increasing prices.

In Mexico, most used premium vehicle local transactions are informal due to pricing offered to clients and less bureaucracy. However, players in the market, such as car dealerships and their certified pre-owned programs (CPOs), online marketplaces, and online transactional companies (the newest business model in the market), aim to reduce this by offering online catalogs, value-added services, different financing options, and even fully digital purchase experiences.

Identified to be in a mature stage, with almost 116,316 units sold in 2021 and more than 30 active and relevant competitors, the used premium car market in Mexico gains new participants as the online transactional company business model settles in. Although the main competitors are well-established traditional OEMs with a presence in many countries across the globe, new start-ups are presenting innovative services to cater to clients’ needs, forcing the competition to step up.

This Frost & Sullivan research service performs a comprehensive analysis of the Mexican used premium car market, including growth opportunities, industry growth metrics, and trends, for the market forecast. The study provides meaningful insights for players in the used premium car sector that wish to explore this growing and competitive market.

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of Top 3 Strategic Imperatives on Used Premium Cars

Growth Opportunities Fuel the Growth Pipeline Engine™

Scope of Analysis

Segmentation

Questions This Study Will Answer

Growth Metrics

Distribution Channel Analysis

Growth Drivers

Growth Restraints

Sales Forecast

Forecast Analysis

Used Premium Car Market Dynamics

Used Car Market Dynamics (continued)

Legislation Effects on the Used Premium Car Market

Legislation Effects on the Used Premium Car Market (continued)

Legislation Effects on the Used Premium Car Market (continued)

Used Premium Car Trends

Used Premium Car Value Proposition Analysis

Used Premium Car Value Proposition Analysis (continued)

ICE and Electrified Used Premium Car Market

Business Models in Used Premium Car Sales

Key CPO Program—Audi Premium Used Cars

Key CPO Program—BMW Premium Selection

Key CPO Program—Mercedes-Benz Certified

Key CPO Program—Porsche Approved

Key Dealerships

Key Online Platform—Kavak

Key Online Platform—Mercado Libre

Key Online Platform—OLX Autos

Growth Opportunity 1—Purchase and Delivery Logistics

Growth Opportunity 1—Purchase and Delivery Logistics (continued)

Growth Opportunity 2—Online Transactional Business Model

Growth Opportunity 2—Online Transactional Business Model (continued)

Growth Opportunity 3—Value-added Service Inclusion

Growth Opportunity 3—Value-added Service Inclusion (continued)

List of Exhibits

Legal Disclaimer

Purchase includes:
  • Report download
  • Growth Dialog™ with our experts

Growth Dialog™

A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.

The used premium car sector represents almost 3% of the Mexican used car market; it expanded in the last few years due to global scarcity of materials and auto parts, an absence of new premium vehicles, and increasing prices. In Mexico, most used premium vehicle local transactions are informal due to pricing offered to clients and less bureaucracy. However, players in the market, such as car dealerships and their certified pre-owned programs (CPOs), online marketplaces, and online transactional companies (the newest business model in the market), aim to reduce this by offering online catalogs, value-added services, different financing options, and even fully digital purchase experiences. Identified to be in a mature stage, with almost 116,316 units sold in 2021 and more than 30 active and relevant competitors, the used premium car market in Mexico gains new participants as the online transactional company business model settles in. Although the main competitors are well-established traditional OEMs with a presence in many countries across the globe, new start-ups are presenting innovative services to cater to clients’ needs, forcing the competition to step up. This Frost & Sullivan research service performs a comprehensive analysis of the Mexican used premium car market, including growth opportunities, industry growth metrics, and trends, for the market forecast. The study provides meaningful insights for players in the used premium car sector that wish to explore this growing and competitive market.
More Information
Deliverable Type Market Research
Author Victoria Rinaldi
Industries Automotive
No Index No
Is Prebook No
Podcast No
WIP Number K82A-01-00-00-00