linkedin_signin   login  register
 
linkedin_signin linkedin_signin linkedin_signin    
Home > Regions > South America

Four reasons why LatAm Remarketing is growing fast

At a compound annual growth rate of 3.4% between now and 2022, the used-vehicle market in Latin America is expected to reach 22.4 million units in five years' time. New research by Frost & Sullivan now zooms in on four reasons in which the remarketing industry in Latin America is growing so rapidly:
 
→ Collaborations between OEMs and franchised dealerships to resolve lack of financing, improve brand image, and increase new unit sales (by offering buybacks as partial payment).
 
→ Partnerships between online disruptors and OEMs, dealers and financial institutions, creating shared value through analysis of data – for example on user preferences, and reselling patterns. 
 
→ Efforts by OEMs to promote used hybrids and electrics via certified pre-owned programmes, designed to combat battery lie anxiety. 
 
→ Mainly in Mexico, Brazil and Argentina: deployment of new apps that allow independent dealers and individuals to get in on the action.  
 
According to Frost & Sullivan, these four reasons help explain why Latin America is on the brink of a great transformation. Its report points out a few disruptors that may have a major influence in the change: 
 
* KAVAK: offers end-to-end buying and selling of second-hand vehicles in Mexico.
 
* InstaCarro.com: promises to sell any used vehicle in an hour and a half or less to any of more than 1,500 dealers, through an online auction.
 
* Localiza: has a Remarketing division that uses apps, offers smart financing options and provides insurance and regular maintenance services.
 
Image: public domain
10/08/2017  |  Frank Jacobs

COMMENTS (0)

Registration required to post a comment Registration required to post a comment



More blogs

Interviews

In this section, you will read interviews with fleet management suppliers, leasing companies, OEMs and third party providers.

More Interviews

Analysis Analysis

img
Autorola is helping the fight against corruption in Brazil | 

Members Area Members Area

Privacy statement | General conditions of sale | © 2016 Nexus Communication SA