Growing Markets: Used Vehicles, Automotive Retail, Commercial Vehicles, Fleet Management, and Luxury Cars

The global used vehicle market is projected to exceed $2.5 trillion by 2027, with consumers preferring local dealers and online platforms. The automotive retail market is expected to reach a value of USD 7.22 trillion by 2032, driven by technological advancements and consumer demand for innovative transportation options. The commercial vehicle rental and leasing market is growing due to the rise in e-commerce and logistics activities. The South African fleet management market is dominated by a few domestic players, while the global luxury car market is projected to grow to USD 2.55 trillion by 2030, fueled by advanced technologies and high-performance drivetrains.