Market Share of Hong Kong Used Car Industry
Hong Kong's Used Car Market is dominated by several key players, including Venture Motors Ltd. (Ford Hong Kong), Zung Fu Limited, Kam Lung Motor Group, VIN'S MOTORS COMPANY LTD., and Others. The growing organized and semi-organized sector is expected to bring in more revenue for the leading organized players toward the latter half of the forecast period. For instance,
In August 2023, The Hong Kong government imposed new policies and regulations on the import of used cars in the country. The government imposed around 40% tax on imported used cars.
In March 2022, Zung Fu Limited and Mercedes-Benz collaborated to sell used cars in Hong Kong. Through this collaboration, Zung Fu Limited became the official distributor of Mercedes-Benz cars in Hong Kong.
Hong Kong Used Car Market Leaders
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VIN’S MOTORS COMPANY LTD
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Kam Lung Motor Group
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Zung Fu Limited
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Hong Kong Motor City
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DCH Motors Limited
*Disclaimer: Major Players sorted in no particular order
