10, 2015 /PRNewswire/ -- Along with the increase of car ownership, China's used car market
entered into a period of rapid development.
In H1 2015, China used car market
growth in terms of trading volume and amount rose 15.
7 % during 2009 to 6,798,864 - the worst performance in the used car market
since 2000, when 6,713,269 used cars were sold.
This is by far outperforming the car market
in the UAE, which grew at six per cent between January and August," he added.
The new car market
will be known as the Sydney Travellers Car Market
and will be run & managed by the management team behind Travellers Auto Barn, a successful national backpacker car dealer & campervan rental company, that has been working with backpackers since 1993 and has 6 branches around Australia.
According to Sandeep Singh, deputy managing director ( markerting), Toyota Kirloskar Motor, " The used car market
is growing at a rapid pace and plays an important part in adding new customers.
Volkswagen Group South Africa has maintained its top position in the new passenger car market
Tenants at Barwa Village, too, feel that their business will improve if the used car market
is shifted there as more people will visit the area.
1% of the number of sold cars in the Egyptian passenger car market
The used car market
, with an estimated size of 3 million units plus, is already bigger than than the new car market
and is growing at a much faster pace as compared to the new car market
Seen in tandem with the success of Britain's new car market
this year - consistently leading the way on new registrations while the rest of Europe struggles - the strength of used car sales demonstrates a serious consumer appetite for cars in 2013.
Issam Hassan, manager of Nile used cars showroom, said the completion of the new used car market
is the only solution to protect the business.