Automotive Second Life

• The automotive industry's second-life segment encompasses motor vehicles that have had one or more previous owners before being resold.
• Historically, this segment has proven to be larger and more stable than the new car market, offering consumers a wide range of options at varying price points.
• Globally, the market for used cars surged to a value of €1.6 trillion in 2023, reflecting its robust and enduring nature, with projections indicating further growth at a CAGR of 6.9% over the 2023-2026 period.

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