Steady growth, four trends shaping the future.

The global used car market is also on a growth trajectory in 2026, with an estimated market size ranging from $1.53 trillion to $2.01 trillion. Four major trends are driving this market growth:

• Platform Digitalization: Online platforms have become mainstream. For example, Carvana launched same-day delivery in the U.S.; online sales in the UK increased by 7.2% year-on-year in Q2 2024.
• Electrification Wave: The first batch of leased electric models is entering the second-hand market, with battery health becoming a new focal point.
• Service Transparency: Certified Pre-Owned (CPO) vehicles are gaining popularity. Consumers value vehicle history reports, but need to be wary of odometer fraud (which costs the U.S. over $1 billion annually).
• Policy Impact: Attention should be paid to potential U.S. tariffs (affecting new car prices and repair costs) and the phase-down of China's purchase tax exemption for new energy vehicles (halved in 2026).