The used vehicle market in Morocco reaches records

The used vehicle market is booming in Morocco. More than 700,000 transactions were recorded in 2023, compared to 163,504 for new vehicles. The market, however, remains confronted with the predominance of the informal sector.

“The sector is starting to take the path towards greater organization. Indeed, an organized circuit is developing slowly but surely. The latter, still limited, currently represents only 2% of total market transactions, with around 14,000 transfers per year,” writes the magazine. Finances News Weekly.