Grenada Used Car Market (2025-2031) | Outlook, Share, Analysis, Industry, Companies, Value, Forecast, Segmentation, Revenue, Size, Trends & Growth

Market Forecast By Vehicle Type (Hatchbacks, Sedan, Sports Utility Vehicle, Others), By Vendor (Organized, Unorganized), By Fuel Type (Gasoline, Diesel, Alternative Fuel Vehicles) And Competitive Landscape
Product Code: ETC5376298 Publication Date: Nov 2023 Updated Date: Oct 2025 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 60 No. of Figures: 30 No. of Tables: 5

Grenada Used Car Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The used car import market in Grenada continues to thrive in 2024, with top exporting countries including Japan, Trinidad and Tobago, USA, UK, and Saint Lucia. The Herfindahl-Hirschman Index (HHI) indicates a very high level of market concentration. The impressive compound annual growth rate (CAGR) of 55.14% from 2020 to 2024 demonstrates the strong demand for imported vehicles. Furthermore, the growth rate of 34.36% from 2023 to 2024 highlights the sustained expansion of the market, showcasing a promising outlook for the industry in Grenada.

Key Highlights of the Report:

  • Grenada Used Car Market Outlook
  • Market Size of Grenada Used Car Market, 2024
  • Forecast of Grenada Used Car Market, 2031
  • Historical Data and Forecast of Grenada Used Car Revenues & Volume for the Period 2021-2031
  • Grenada Used Car Market Trend Evolution
  • Grenada Used Car Market Drivers and Challenges
  • Grenada Used Car Price Trends
  • Grenada Used Car Porter`s Five Forces
  • Grenada Used Car Industry Life Cycle
  • Historical Data and Forecast of Grenada Used Car Market Revenues & Volume By Vehicle Type for the Period 2021-2031
  • Historical Data and Forecast of Grenada Used Car Market Revenues & Volume By Hatchbacks for the Period 2021-2031
  • Historical Data and Forecast of Grenada Used Car Market Revenues & Volume By Sedan for the Period 2021-2031
  • Historical Data and Forecast of Grenada Used Car Market Revenues & Volume By Sports Utility Vehicle for the Period 2021-2031
  • Historical Data and Forecast of Grenada Used Car Market Revenues & Volume By Others for the Period 2021-2031
  • Historical Data and Forecast of Grenada Used Car Market Revenues & Volume By Vendor for the Period 2021-2031
  • Historical Data and Forecast of Grenada Used Car Market Revenues & Volume By Organized for the Period 2021-2031
  • Historical Data and Forecast of Grenada Used Car Market Revenues & Volume By Unorganized for the Period 2021-2031
  • Historical Data and Forecast of Grenada Used Car Market Revenues & Volume By Fuel Type for the Period 2021-2031
  • Historical Data and Forecast of Grenada Used Car Market Revenues & Volume By Gasoline for the Period 2021-2031
  • Historical Data and Forecast of Grenada Used Car Market Revenues & Volume By Diesel for the Period 2021-2031
  • Historical Data and Forecast of Grenada Used Car Market Revenues & Volume By Alternative Fuel Vehicles for the Period 2021-2031
  • Grenada Used Car Import Export Trade Statistics
  • Market Opportunity Assessment By Vehicle Type
  • Market Opportunity Assessment By Vendor
  • Market Opportunity Assessment By Fuel Type
  • Grenada Used Car Top Companies Market Share
  • Grenada Used Car Competitive Benchmarking By Technical and Operational Parameters
  • Grenada Used Car Company Profiles
  • Grenada Used Car Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Grenada Used Car Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Grenada Used Car Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Grenada Used Car Market Overview

3.1 Grenada Country Macro Economic Indicators

3.2 Grenada Used Car Market Revenues & Volume, 2021 & 2031F

3.3 Grenada Used Car Market - Industry Life Cycle

3.4 Grenada Used Car Market - Porter's Five Forces

3.5 Grenada Used Car Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F

3.6 Grenada Used Car Market Revenues & Volume Share, By Vendor, 2021 & 2031F

3.7 Grenada Used Car Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F

4 Grenada Used Car Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increase in demand for affordable transportation options

4.2.2 Limited availability of new cars in Grenada

4.2.3 Rising disposable income levels in the region

4.3 Market Restraints

4.3.1 High import duties and taxes on used cars

4.3.2 Lack of financing options for purchasing used cars

4.3.3 Competition from public transportation services

5 Grenada Used Car Market Trends

6 Grenada Used Car Market Segmentations

6.1 Grenada Used Car Market, By Vehicle Type

6.1.1 Overview and Analysis

6.1.2 Grenada Used Car Market Revenues & Volume, By Hatchbacks, 2021-2031F

6.1.3 Grenada Used Car Market Revenues & Volume, By Sedan, 2021-2031F

6.1.4 Grenada Used Car Market Revenues & Volume, By Sports Utility Vehicle, 2021-2031F

6.1.5 Grenada Used Car Market Revenues & Volume, By Others, 2021-2031F

6.2 Grenada Used Car Market, By Vendor

6.2.1 Overview and Analysis

6.2.2 Grenada Used Car Market Revenues & Volume, By Organized, 2021-2031F

6.2.3 Grenada Used Car Market Revenues & Volume, By Unorganized, 2021-2031F

6.3 Grenada Used Car Market, By Fuel Type

6.3.1 Overview and Analysis

6.3.2 Grenada Used Car Market Revenues & Volume, By Gasoline, 2021-2031F

6.3.3 Grenada Used Car Market Revenues & Volume, By Diesel, 2021-2031F

6.3.4 Grenada Used Car Market Revenues & Volume, By Alternative Fuel Vehicles, 2021-2031F

7 Grenada Used Car Market Import-Export Trade Statistics

7.1 Grenada Used Car Market Export to Major Countries

7.2 Grenada Used Car Market Imports from Major Countries

8 Grenada Used Car Market Key Performance Indicators

8.1 Average age of cars in the Grenada used car market

8.2 Number of registered used car dealers in Grenada

8.3 Average selling price of used cars in Grenada

9 Grenada Used Car Market - Opportunity Assessment

9.1 Grenada Used Car Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F

9.2 Grenada Used Car Market Opportunity Assessment, By Vendor, 2021 & 2031F

9.3 Grenada Used Car Market Opportunity Assessment, By Fuel Type, 2021 & 2031F

10 Grenada Used Car Market - Competitive Landscape

10.1 Grenada Used Car Market Revenue Share, By Companies, 2024

10.2 Grenada Used Car Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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