Australia Used Car Financing Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Australian used car financing market is segmented by Car type (Hatchback, Sedan, Sports Utility Vehicle, Multi-Purpose Vehicle) and by Financer (OEMs, Banks and NBFCs). The Report Offers the Market Size and Forecast of the Australia used car financing market in value (USD million) for the above-mentioned segments.

Australia Used Car Financing Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Australia Used Car Financing Market Size

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Australia Used Car Financing Market Overview
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 8.96 %
Market Concentration High

Major Players

Australia Used Car Financing Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Australia Used Car Financing Market Analysis

The Australia Used Car Financing Market is expected to register a CAGR of 8.96% during the forecast period.

The used car market in Australia is highly consolidated with several OEM, auction houses, and pre-owned dealers who thrive to expand their fleet size to offer a wide pool of financing opportunities to their clients.

During Covid-19, Australia used car financing witnessed a steady decline owing to the spread of the virus and people avoided purchasing cars amid an economic crisis. In addition, markets, showrooms, and auction events were closed down as of strict lockdown measures prevailed by the Australian government. Although, after Q1 2021, everything was again on track with the used car financing business achieving a growth phase as well.

Major consumers across Australia are facing financial instability post-pandemic surge in the selling of newer cars. This is likely to mark as major growth lever for the market. In addition, the rising consumer preference towards owning a personal vehicle and avoiding public transportation is also identified as key fueling factor for used car market across the nation. Ownership of cars, which used to be a status symbol long ago, has become a necessity in recent times and thus is deeply identified by the key financers and pre-owned car owners.

There is no established national association in place in Australia to maintain the finacing business for used cars. Dealer clusters form their own community-based organizations to ensure that pricing is comparable within the cluster and to hold gatherings to boost support for the group. By working with multi- and auto-financing businesses, independent used car dealers reduce their exposure to buyers' financial concerns. Cars older than ten years are not eligible for financing because of their reduced lifespan, increased risk of damage, and diminished value. When compared to new car purchases, there is a higher proportion of cash payments because the price can be 20-30% lower.

Condiering these factors, demand for used car financing in Australia is ected to witness moderate groth rate during the forecast period.

Australia Used Car Financing Industry Overview

The market for used car financing in Australia is on the fragmented side. The presence of many organized and unorganized players has created such a market scenario. Also, most auto manufacturers, apart from offering their own financing, have tie-ups with banks and other financial institutions to offer a wider choice for their customers. But the relatively easier procedures to procure a loan from various NBFCs are expected to tilt the market in their favor.

Financiers including OEM, banks, and NBFCs have made stregatic forefront in order to witness improved sales bars in the market. Key major players ruling the market include Adelaide Vehicle Centre, Dutton Group, Mozo Pty Ltd., National Australia Bank Limited and Australia and New Zealand Banking Group Limited.

Australia Used Car Financing Market Leaders

  1. Adelaide Vehicle Centre

  2. Dutton Group

  3. Mozo Pty Ltd.

  4. National Australia Bank Limited

  5. The Australia and New Zealand Banking Group Limited

  6. *Disclaimer: Major Players sorted in no particular order
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Australia Used Car Financing Market News

In September 2021, OzCar, a used-car dealership relocated its location to Rockhampton and established along the Bruce Highway close to the Zed motels. Although the company has 17 yards already open for used car sales, only four of them are currently functioning at full capacity.

Australia Used Car Financing Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Drivers
  • 4.2 Market Restraints
  • 4.3 Porters 5 Force Analysis
    • 4.3.1 Threat of New Entrants
    • 4.3.2 Bargaining Power of Buyers/Consumers
    • 4.3.3 Bargaining Power of Suppliers
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION (Market Size in Value USD Million)

  • 5.1 Car Type
    • 5.1.1 Hatchbacks
    • 5.1.2 Sedans
    • 5.1.3 Sports Utility Vehicle
    • 5.1.4 Multi-Purpose Vehicle
  • 5.2 Financier
    • 5.2.1 OEM
    • 5.2.2 Banks
    • 5.2.3 NBFC's

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Adelaide Vehicle Centre
    • 6.2.2 OzCar Pty Ltd.
    • 6.2.3 Motoroma
    • 6.2.4 Dutton Group
    • 6.2.5 Heatland Motors
    • 6.2.6 LSH Auto Australia
    • 6.2.7 Quantum Savvy Pty Ltd
    • 6.2.8 Mozo Pty Ltd.
    • 6.2.9 Wisr Finance Pty Ltd
    • 6.2.10 The Australia and New Zealand Banking Group Limited
    • 6.2.11 Plenti Pty Limited
    • 6.2.12 Pepper Money Limited
    • 6.2.13 National Australian Bank
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Australia Used Car Financing Industry Segmentation

Used financing is the service that offers used car to consumers at much-lowered prices at affordable EMI instalment. These instalments are divided based on loan amount, tenure with some fixed rate of interest.

Based on the car type, the market is segmented into hatchback, sedan, and utility vehicles. Based on the financier, the market is segmented into OEMs, Banks, and NBFCs. The report covers the market size in value (USD million) for all the above-mentioned segments

Car Type Hatchbacks
Sedans
Sports Utility Vehicle
Multi-Purpose Vehicle
Financier OEM
Banks
NBFC's
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Australia Used Car Financing Market Research FAQs

What is the current Australia Used Car Financing Market size?

The Australia Used Car Financing Market is projected to register a CAGR of 8.96% during the forecast period (2025-2030)

Who are the key players in Australia Used Car Financing Market?

Adelaide Vehicle Centre, Dutton Group, Mozo Pty Ltd., National Australia Bank Limited and The Australia and New Zealand Banking Group Limited are the major companies operating in the Australia Used Car Financing Market.

What years does this Australia Used Car Financing Market cover?

The report covers the Australia Used Car Financing Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Australia Used Car Financing Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Australia Used Car Financing Industry Report

Statistics for the 2025 Australia Used Car Financing market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Australia Used Car Financing 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.