How should we estimate
1.Yearly Used-Car Market Size in USD/Local Currency
2.In General, how we we approach used-goods market size ?
Thank you
Bain & Company
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Hi, in addition to the solutions proposed by the other coaches in the discussion, I would like to suggest similar cases in the platform to practice with:
- https://www.preplounge.com/en/consulting-forum/how-much-would-you-charge-to-clean-all-the-windows-in-seattle-4965
- https://www.preplounge.com/en/consulting-forum/market-sizing-milk-consumption-5087
- https://www.preplounge.com/en/consulting-forum/how-would-you-calculate-the-value-of-a-cow-4982
- https://www.preplounge.com/en/consulting-forum/estimate-number-of-traffic-lights-in-a-london-5692
Hope it helps,
Antonello
Hi there,
You'll really get the best out of this exercise if you try it yourself. Why don't you post what you're thinking and we can help?
Hint: What's the lifespan of a car and what population segments are directly correlated to # and frequency of car purchasing?
Here's another market sizing (with answers + explanations) to get you started:
https://www.preplounge.com/en/management-consulting-cases/brain-teaser/intermediate/taxis-in-manhattan-market-sizing-229
You should consider:
- The product useful life
- How many times will it be traded during it's useful life
- How much does he depreciate during his useful life
- Of course, you need to think whether there are market segments that trade the items at a different rate (i.e. more frequently).
This is not the full answer, but I think this is what you are looking for. Let me know if you need more detail.
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