In 2023, people in their twenties contributed the most to the used automobile market in Japan, spending around 1063.7 billion yen on used cars. With growing consumer age the market size decreased, highlighting different spending patterns among cohorts.
Estimated value of the used automobile market in Japan in 2023, by customer age group
(in billion Japanese yen)
*The market value was estimated by multiplying the national population census of people aged 18 to 69 years, the percentage of survey respondents who purchased at least one used car within the past year, and the average price of surveyed used car purchases. Consequently, the estimated market value does not include those used cars bought after the first one.
100 Japanese yen equal 0.71 U.S. dollars or 0.64 euros as of January 2024.
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Recruit Holdings. (November 21, 2023). Estimated value of the used automobile market in Japan in 2023, by customer age group (in billion Japanese yen) [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1359516/japan-value-used-automobile-market-size-by-buyer-age/
Recruit Holdings. "Estimated value of the used automobile market in Japan in 2023, by customer age group (in billion Japanese yen)." Chart. November 21, 2023. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1359516/japan-value-used-automobile-market-size-by-buyer-age/
Recruit Holdings. (2023). Estimated value of the used automobile market in Japan in 2023, by customer age group (in billion Japanese yen). Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1359516/japan-value-used-automobile-market-size-by-buyer-age/
Recruit Holdings. "Estimated Value of The Used Automobile Market in Japan in 2023, by Customer Age Group (in Billion Japanese Yen)." Statista, Statista Inc., 21 Nov 2023, https://www.statista.com/statistics/1359516/japan-value-used-automobile-market-size-by-buyer-age/
Recruit Holdings, Estimated value of the used automobile market in Japan in 2023, by customer age group (in billion Japanese yen) Statista, https://www.statista.com/statistics/1359516/japan-value-used-automobile-market-size-by-buyer-age/ (last visited December 23, 2024)
Estimated value of the used automobile market in Japan in 2023, by customer age group (in billion Japanese yen) [Graph], Recruit Holdings, November 21, 2023. [Online]. Available: https://www.statista.com/statistics/1359516/japan-value-used-automobile-market-size-by-buyer-age/
