Dublin, 18 September 2020 (GLOBE NEWSWIRE) – The report “Digital Business Models Mitigating COVID-19’s Implications on Global Secondary Market Performance in 2020” has been added to the ResearchAndMarkets. com. The review aims to assess the severity of an ongoing COVID-19 pandemic on the global automotive aftermarket by 2020. Although car sales have slowed in 2019, the recoverability of the global auto fleet is expected to boost expansion opportunities for secondary market stakeholders through 2020. disruptions due to fears that contagion will become an economic crisis around the world, the secondary market will also have to triumph over its percentage of headwinds.
This review assesses the trajectories of the global economic recovery after the pandemic and clarifies that the medium term has an effect on a moderate demand and supply in the secondary market as a source of profit for 2020. From a long-term perspective, l The Examining also highlights opportunities for expansion and business model conversion that, if exploited, will help the aftermarket niche re-emerge as the global economy recovers to pre-pandemic levels. According to this analysis, aftermarket niche profit grew 4. 1% in 2019. This was largely due to a 3. 2% expansion in cars in service, the contraction in the expansion of gross domestic product ( GDP) global stifles customer spending on the purchase of new vehicles. . The slowdown in new vehicle sales also meant a greater concentration at the after-sales location on the all-stakeholder component, primarily in the OES channel, to assist dealer-level activities through the provision of customer service. vehicles. new. This has resulted in the progression of new components and the evolution of new channels on the market. For 2020, the publisher first forecast a 4. 0% expansion in secondary market earnings, with India and China leading the expansion. The COVID-19 pandemic has ended hopes, and the global automotive aftermarket niche will want to weather the headwinds that will cause the industry to contract between 4. 9% and 11. 6%, depending on the nature. of the challenge that will occur. economic recovery in the regions.
Resolved key
Key topics covered:
2. Global perspective of the secondary car market
3. Future of the secondary market
4. Secondary market outlook for 2020 across the region
5. Growth Opportunities
8. Appendix: Growth Pipeline Engine
For more information on this report, https://www. researchandmarkets. com/r/9bzlow
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