The transition of the dealership network toward digital platforms is a major influencing factor in the used cars market. These online sales models are changing the landscape by offering virtual showrooms, detailed vehicle evaluations, and remote transactions. Thus, it enhances user experience and promotes more advancement in this industry. For instance, in March 2022, AutoScout acquired a majority stake in AUTOproff. This acquisition helped to connect retailers are wholesalers digitally to support fast-growing Europe used cars businesses. Global leaders are now expanding their networks through subscription services. Such facilities enable access to insurance and maintenance in a single package. This further helps companies to differentiate themselves from other competitors. Such key players include:
Author Credits: Saima Khursheed
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