Australia Used Car Market is projected to grow at a CAGR of 5.8% in Volume from 2026 to 2032F

Private vendors segment by Vendor held the highest revenue share in Australia Used Car Market -6Wresearch

Private vendors held the largest share in Australia’s used car market, driven by their strong presence, competitive pricing, and greater flexibility in negotiations compared to organized dealerships. Buyers often preferred direct transactions with individual sellers to secure better deals and avoid dealership markups. Additionally, the ease of private listings, minimal intermediary involvement, and quicker transaction processes further supported the dominance of private vendors in the market.

According to 6Wresearch, the Australia Used Car Market is projected to grow at a CAGR of 5.8% in Volume from 2026 to 2032, The Australia used car market has experienced steady growth over the past decade, driven by affordability, high vehicle ownership, and rising new car prices. Australia has one of the highest motorization rates globally, with a high number of registered motor vehicles as of 2023 (ABS), creating a large base for resale activity. Increasing new vehicle costs and supply delays have encouraged consumers to shift toward more affordable pre-owned vehicles. Additionally, the automotive aftermarket sector has supported market growth by ensuring availability of spare parts and servicing. The tourism sector has also contributed, with high international visitor arrivals in 2023 (ABS), boosting demand for rental and second-hand vehicles due to their cost-effectiveness.

The Australia used car market is expected to continue expanding, supported by digitalization, evolving consumer preferences, and the transition toward electric mobility. Online platforms are increasingly facilitating used vehicle transactions, improving transparency and convenience. The adoption of electric vehicles is rising, with EV sales accounting for a high number of total new car sales in 2023 (Department of Infrastructure), which is expected to influence resale patterns and expand the used EV segment.

According to Sumit, Senior Research Analyst, 6Wresearch, SUVs held the largest market share in Australia’s used car market, driven by strong preference for spacious, versatile vehicles. Rising new car prices made used SUVs more affordable, while suitability for family use supported demand. Additionally, improving fuel efficiency and wider availability across platforms reinforced their dominance.

Australia Used Car Market (2026-2032) report provides an in-depth analysis with 14 figures and 5 tables, covered in 64 pages. The report thoroughly covers the market by vehicle type, vendor and fuel type. The Australia Used Car Market outlook report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.