The latest report by IMARC Group, titled "Australia Used Car Market Size, Share and Statistics 2033," offers a comprehensive analysis of the Australia used car market growth. The report includes competitor and regional analysis, along with a detailed breakdown of the market segmentation. The Australia used car market size reached USD 77.2 billion in 2024. Looking forward, IMARC Group expects the market to reach USD 197 billion by 2033, exhibiting a CAGR of 10.80% during 2025–2033.Market Data Overview
Base Year: 2024
Forecast Years: 2025–2033
Historical Years: 2019–2024
Market Size in 2024: USD 77.2 Billion
Market Forecast in 2033: USD 197 Billion
Market Growth Rate (2025–2033): 10.80%
Australia Used Car Market Overview
The Australian used car market is experiencing record growth, driven by rising economic pressures, changing consumer behavior, and rapid digitization. Affordability challenges and high new car prices are pushing more buyers toward pre-owned options, particularly as flexible financing and online platforms make purchasing more accessible. The rise of tech-enabled buying experiences has created new standards of transparency and convenience, attracting a younger, digitally inclined audience.
Wider market shifts—such as supply chain constraints, sustainability concerns, and increasing urban density—are also influencing demand. Certified pre-owned programs and warranty packages are mitigating buyer risk and encouraging greater uptake. The segment is witnessing strong momentum in SUV and eco-friendly vehicle sales, with growth bolstered by seamless integration between online platforms and physical retail touchpoints.
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Australia Used Car Market Trends
• Digital Platform Dominance: Rapid expansion of online marketplaces offering comprehensive tools including price comparisons, vehicle history reports, and integrated financing solutions for seamless transactions.
• SUV and Crossover Preference: Significant surge in demand for sports utility vehicles and crossovers reflecting changing lifestyle preferences and versatility requirements among Australian consumers.
• Eco-Friendly Vehicle Adoption: Growing interest in fuel-efficient, hybrid, and electric used vehicles driven by environmental awareness and rising fuel costs nationwide.
• Certified Pre-Owned Program Growth: Expansion of CPO initiatives providing warranties, comprehensive inspections, and return periods building consumer confidence and market credibility.
• Omnichannel Retailing Evolution: Integration of physical dealership experiences with digital capabilities including virtual showrooms, mobile test drives, and click-and-collect services.
• Value Retention Excellence: Premium vehicle models maintaining exceptional resale values with some brands retaining over 100% of purchase price in used car markets.