| Study Period | 2024 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 157.79 Billion |
| Market Size (2030) | USD 191.97 Billion |
| CAGR (2025 - 2030) | 4.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Brazil Used Car Market Analysis
The Brazil Used Car Market size is estimated at USD 157.79 billion in 2025, and is expected to reach USD 191.97 billion by 2030, at a CAGR of greater than 4% during the forecast period (2025-2030).
The pre-owned car market in Brazil has continued to grow despite slowing economic activity and externalities that have shaken the auto industry. The automotive sector in Brazil accounts for about 20% of the domestic industrial production, and the current numbers of production and sales put the eighth-largest producer and the seventh in terms of consumption market in the world. According to the Statista, 8.67 million used cars were sold in the country in 2022.
The overall car ownership in Brazil is at 250 for every 1,000 inhabitants. Brazil's used car to new car ratio lies on the cusp of moving from infancy to the growth stage, thereby signifying the start of a new era for the used car industry. However, the gap that exists in correlation to some developed and developing nations is indicative of the high growth potential of both the used car and new car sectors in Brazil.
Moreover, the substantial growth in the upcoming five years can be attributed to the burgeoning middle class and the youthful demographic in Brazil. This expansion is further propelled by the consistent rise in disposable income within the country.
Factors like transparent technology integration, enhanced convenience, streamlined transactions, and other related aspects also drive the projected surge. The used cars market in Brazil is transforming an informal structure characterized by transactions through local mechanics, individual brokers, and private sellers to a more organized and structured system, with an influx of new market entrants.
Brazil Used Car Market Trends
The Rise of E-Commerce and Online Technologies Set to Amplify the Growth of the Used Car Market-
Technological advancements, notably the internet's evolution, the adoption of e-commerce platforms, and the incorporation of hybrid and electric vehicles have significantly altered the customer's landscape within the used car market. Online technologies empower customers with comprehensive insights into a vehicle's attributes, encompassing aspects such as residual value and third-party profit margins.
Furthermore, the rapid urbanization process, coupled with the increasing penetration of the internet and advancements in telecommunications, has paved the way for effortless information dissemination. Taking advantage of these dynamics, owners of used cars can promptly utilize these digital channels to effectively showcase and provide comprehensive details about their vehicles. This digital platform seamlessly streamlines the sales process, encouraging greater involvement from all parties involved in the transaction.
Notably, the supply side holds more sway than the demand side, and the transparency enabled by well-informed decision-making has reshaped market dynamics, capitalizing on customer insights for strategic benefits. As a result, this paradigm shift is expected to strengthen the future demand for used vehicles.
In our country, the used car market has witnessed significant growth in recent years, with a wide range of models expanding beyond the traditional tour and travel approach gaining prominence. The sector is extending its reach to meet the growing demand and is acquiring used vehicles to meet the needs of passengers, thereby propelling market expansion.
With these factors at play, the demand for pre-owned vehicles is poised to remain on an upward trajectory in the coming years, exerting a positive influence on the used car market.
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High Adoption of Used Cars for Personal Usage in the Brazil-
- The increasing usage of pre-owned cars for personal purposes is a primary propeller of Brazil's used car market. Economically conscious purchasers exhibit a greater inclination toward acquiring used vehicles due to their reduced initial investment outlay and the financial backing provided by car dealerships.
- Original equipment manufacturers (OEMs) are embedding state-of-the-art biometric technologies and voice recognition functionalities into these automobiles to facilitate diverse tasks. Added attributes like airbags, blind-spot monitoring systems, automated climate control, rear cross-traffic alerts, and parking sensors and cameras are elevating the acceptance of pre-owned cars.
- Market participants are retrofitting vehicles and equipping used cars with safety enhancements to augment their on-road performance. The sector is poised for expansion in the forthcoming years, driven by the certified pre-owned (CPO) initiative. This program empowers individuals to acquire used vehicles that have undergone meticulous inspections and encompass extended warranty coverage, thereby underpinning assurance and stimulating demand.
- Furthermore, the used car market is currently predominantly controlled by independent dealers. Nevertheless, a growing number of manufacturers are strategically investing in certified second-hand dealerships. With the market maturing, certified dealerships are emerging as the dominant players, not only providing used vehicles but also offering an array of services and spare parts for these pre-owned cars.
- Within the market, the sales of pre-owned vehicles represent a crucial source of profit for dealers, as the gross profits from these sales exceed those from new car sales by more than one-fourth. In the year 2022, Brazil emerged as a significant player in the global automotive industry, selling over 2.1 million new vehicles..
- These factors act as drivers for the used car market in Brazil. The cumulative effect of these aspects is likely to create positive momentum, attracting more buyers and ultimately strengthening the demand for used cars in Brazil.
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Brazil Used Car Industry Overview
Brazil's used car market is fragmented, with a few key players in the market being KAVAK, VK Multimarcas, Milano Multimarcas, Griffe Auto, AR Box Multimarcas, and others. The majority of players in the Brazilian used car market collaborate with financial institutions, insurance companies, and other service providers to offer bundled services and enhance the overall customer experience.
Brazil Used Car Market Leaders
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KAVAK
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Milano Multimarcas
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Griffe Auto
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A R Box Multimarcas
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Localiza
- *Disclaimer: Major Players sorted in no particular order
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Brazil Used Car Market News
- March 2022: InstaCarro, a prominent player in Brazil's pre-owned cars marketplace, swiftly achieved sales of BRL 4 million (USD 763,359) via its buy now, pay later (BNPL) vertical. Functioning as a digital intermediary linking sellers and dealers within the Brazilian used car domain, InstaCarro strategically introduced BNPL as its inaugural financial service offering. This strategic move, executed slightly over three months ago, demonstrates the platform's commitment to innovation and customer-centric financial solutions. It underscores its vision to enhance its array of services for its extensive network of over 4,000 dealers. The innovation of Argentine entrepreneur Luca Cafici and InstaCarro's adoption of BNPL showcases its proactive approach to modernizing the automotive marketing landscape.
- February 2022: Kavak, the Mexican unicorn with a vast fleet of over 7 million pre-owned vehicles, marked its entry into Rio de Janeiro, Brazil. In a significant move as part of its expansion strategy within Brazil, the company has pledged an impressive investment of BRL 550 million (USD 104,961,832) in the state. This strategic step positions Rio de Janeiro as the second key destination in Kavak's Brazilian growth journey.
Brazil Used Car Industry Segmentation
A used car, a pre-owned vehicle, or a second-hand car is a vehicle that has previously had one or more retail owners. On the other hand, a certified pre-owned (CPO) vehicle is a pre-owned vehicle that has been extensively inspected (pre-purchase inspection) and expertly reconditioned. The term ''used'' refers to the fact that the car has been driven, and it may have accumulated some wear and tear over its lifetime.
The scope of Brazil's used car market is segmented by vehicle type and vendor. By vehicle type, the market is segmented into hatchbacks, sedans, sport utility vehicles, and multi-purpose vehicles. By vendor, the market is segmented into organized and unorganized.
For each segment market sizing and forecast have been done on the basis of value (USD).
| By Vehicle Type | Hatchbacks |
| Sedan | |
| Sports Utility Vehicles and Multi-Purpose Vehicles | |
| By Vendor | Organized |
| Unorganized |
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Brazil Used Car Market Research Faqs
How big is the Brazil Used Car Market?
The Brazil Used Car Market size is expected to reach USD 157.79 billion in 2025 and grow at a CAGR of greater than 4% to reach USD 191.97 billion by 2030.
What is the current Brazil Used Car Market size?
In 2025, the Brazil Used Car Market size is expected to reach USD 157.79 billion.
Who are the key players in Brazil Used Car Market?
KAVAK, Milano Multimarcas, Griffe Auto, A R Box Multimarcas and Localiza are the major companies operating in the Brazil Used Car Market.
What years does this Brazil Used Car Market cover, and what was the market size in 2024?
In 2024, the Brazil Used Car Market size was estimated at USD 151.48 billion. The report covers the Brazil Used Car Market historical market size for years: 2024. The report also forecasts the Brazil Used Car Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Brazil Used Car Industry Report
Statistics for the 2025 Brazil Used Car market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Brazil Used Car analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
