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
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Estimating Used-Car Market Size
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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
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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:
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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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