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In 2030, the used car market will witness sales of 275.3 million units.
The unorganized sector dominated the used car industry in 2019.
North America is the largest, while LAMEA would be the fastest-growing region in the used car market.
The used car industry growth has slowed down in 2020 due to the widespread financial crisis triggered by the COVID-19 pandemic.
The dominance of the unorganized sector has made the used car market extremely fragmented.