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The Numbers

Pre-owned transaction volume & value forecast

A period of recovery & rationalization

In 2024, the industry continues its ‘post-pandemic hype’ recovery phase. The market is finding a new stability, and we forecast a total of 10,307 pre-owned transactions 
over the next five years. Market correction is an important indicator of the health of our industry, and ensures that we’ll avoid the ‘boom and bust’ scenario we saw 
in the late 2000s.

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*Compound annual growth rate

With correction will come new inventory and the promise of faster and more flexible transactions. In 2023, after a brisk, demand-driven pandemic market, buyers and sellers took more time to agree on a sale. Transaction speeds slowed, impacting the values of those transactions. This trend continued through the early part of Q1 2024, but the remainder of the forecast period will see buyers and sellers more prepared to meet in the middle, particularly as more inventory becomes available.

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