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The primary driving force behind the increasing demand for used vehicles is economic. New cars can be prohibitively expensive for many buyers, especially young professionals or families on a budget. The cost of new vehicles has steadily risen over the years, leading consumers to turn to the used car market for more affordable options. Furthermore, used cars offer greater value as they tend to depreciate at a slower rate compared to new ones. This means that buying a used vehicle often translates into a wiser investment.


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Economically, 2019 faced both challenges and growth. Global markets were influenced by trade tensions, particularly between the United States and China. However, despite the turbulence, many sectors showed resilience and signs of growth. Emerging markets were increasingly defined by innovations—as startups flourished, particularly in fintech, healthcare, and sustainability sectors. This volatility and potential for breakthrough led analysts to predict robust growth in certain industries, capturing the sense of opportunity reflected in our percentage theme.


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