How big is the Ethiopia Used Car Market?

The Ethiopia Used Car Market size is expected to reach USD 471 million in 2024 and grow at a CAGR of greater than 2.5% to reach USD 549.89 million by 2029. Read More

What is the current Ethiopia Used Car Market size?

In 2024, the Ethiopia Used Car Market size is expected to reach USD 471 million. Read More

Who are the key players in Ethiopia Used Car Market?

Megebeya.com, Cars 2 Africa, Proxima Auto Car Dealer., Nyala Motors and Ultimate Motors are the major companies operating in the Ethiopia Used Car Market. Read More

What years does this Ethiopia Used Car Market cover, and what was the market size in 2023?

In 2023, the Ethiopia Used Car Market size was estimated at USD 459.23 million. The report covers the Ethiopia Used Car Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Ethiopia Used Car Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Ethiopia Used Car Market Share

Statistics for the 2023 & 2024 Ethiopia Used Car market share, created by Mordor Intelligence™ Industry Reports. Ethiopia Used Car share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Ethiopia Used Car Industry

Ethiopia's Used Car Market is dominated by several key players, including Megebeya.com, Cars 2 Africa, Proxima Auto Car Dealer, Nyala Motors, Ultimate Motors, and others. Rising adoption of various growth strategies, such as expansion, partnerships, etc., to improve their presence and revenue shares in the market. For instance,

In July 2023, the Ethiopian government introduced used car import duties and taxes in the country. The government imposed a high tax on imported vehicles.

In November 2022, Green Tech Ethiopia expanded its dealership network in Ethiopia. Green Tech is one of the second to officially enter the electric cars market in the country.