Used Golf Cart Market
In recent years, global golf cart market has continued to increase, with the proportion of second-hand transactions increasing year by year. According to relevant data statistics, the global golf cart market size is estimated to be around 2.5 billion US dollars in 2023, with second-hand transactions accounting for about 30%. It is expected that by 2025, this proportion will increase to 40%. Firstly, the United States is the largest golf cart market due to its popular golf culture and the popularity of the sport. Secondly, in Asia, especially in China and India, the market growth rate of golf carts is very fast. It is mainly benefiting from the promotion of the tourism industry.
What to Look for When Buying a Used Golf Cart
There are many channels to purchase used golf carts. Here are some of the main channels as follow.
Online Trading Platforms: eBay, Craigslist, Facebook Marketplace, etc.
Professional Used Golf Cart Dealers: Some dealers specialize in refurbishing and selling used golf carts. On the other hand, it can provide warranty services.
Course or Club Elimination Carts: Many golf courses regularly update their fleets, with old golf carts entering the market at lower prices.
Auction: Government agencies, large corporations, or leasing companies may sell retired vehicles through auctions.
Used Golf Cart Prices Guide
The used golf cart price has big influenced by brand, year, battery and function.
|
Type |
Price Range (USD) |
Features |
|
Basic electric type (5-10 years old) |
2000-5000 |
Lead acid battery, 30-40 kilometers range, Suitable for short distance use |
|
Mid end refurbished model (3-5 years old) |
5000-8000 |
Lithium battery upgrade, 50-80 kilometers range, Basic intelligent functions |
|
High end luxury model (1-3 years old) |
10000-15000 |
Intelligent navigation, fast charging, autonomous driving assistance, approaching the performance of a new golf cart |
Price Advantages & Benefits
Low Purchase Cost
The most prominent feature of a used golf cart is its low price. Compared to brand new golf carts, the price of second-hand golf carts is generally only half or even lower than that of new golf carts. For example, a new EZGO Liberty four seater golf cart is priced at 12600 USD, while a used four seater golf cart is priced at 3500-5000 USD. For consumers with tight budgets, second-hand golf carts are the most cost-effective.
Cost-Effective
Some electric golf carts have a relatively short service life with good condition, and their performance is not inferior to new golf carts. These golf cart price is much lower than that of new one, so they have a higher cost-effectiveness.
Low Costs
In addition to low purchase costs, second hand used golf carts also have lower insurance and maintenance costs compared to new golf carts during subsequent use. This further reduces the operating costs for users, and for operators who pursue economic benefits, second-hand golf carts are undoubtedly a better choice.
Risk and Assessment
Difficult to Access the Golf Cart Condition
The second-hand golf cart market lacks a unified testing standard and evaluation system, which is making it difficult for consumers to accurately judge the true condition of the vehicle when purchasing. Some unscrupulous merchants, in pursuit of profit, may conceal the true usage of their vehicles, and even renovate them to conceal the problems they have. This poses certain risks for consumers when purchasing second-hand golf carts.
Inadequate After-Sales Service
There is a significant gap in after-sales service for second-hand golf carts. Many second-hand cart dealers don't provide comprehensive after-sales service or have low quality after-sales service. Once a vehicle encounters problems during use, consumers may face difficulties in repairing and high repair costs. In addition, due to the fact that some parts of second-hand sports cars may have been discontinued, finding suitable parts can also cause confusion for consumers.
Uncertainties in Policies and Regulations
With the continuous improvement of environmental protection requirements and the adjustment of relevant policies and regulations, the golf cart industry may face new regulatory requirements. The changes in these policies and regulations may have an impact on the second-hand golf cart market and increase market uncertainty.
Purchase Precautions
Legitimate second-hand merchants
To reduce purchasing risk, consumers should find the legitimate used golf cart merchants for purchase. These legitimate channels usually conduct strict inspections and evaluations of vehicles, which is providing relatively reliable vehicle information and after-sales service.
Conduct a Comprehensive Inspection
Before buying a second-hand used golf cart, it is advisable for consumers to hire a professional testing agency or maintenance personnel to conduct a comprehensive inspection of the cart. The testing content includes the appearance, interior, battery, motor, suspension, braking and other aspects of the vehicle to ensure that all performance indicators of the vehicle meet the requirements.
Sign a Contract
Consumers need to sign a detailed contract with the merchant before purchasing a used golf cart. The contract should include golf cart basic information, price, condition description, after-sales service commitment and so on. It is to avoid disputes in the future.
Used Golf Cart Future Development
Market size expansion
With the popularization of golf and culture, the size of the used
golf cart market is expected to continue to expand. In the future, second-hand used golf carts will be applied in more fields to meet the needs of different consumers.
Technological Innovation
With technology development, golf carts will have big change in technological upgrades and innovations. Future golf carts may adopt more advanced battery technology, intelligent driving technology, and vehicle networking technology to enhance vehicle performance and user experience. The used golf cart market will also be affected by this trend, and consumers' demand for second-hand golf carts with advanced technology may increase.
Technological Innovation
With technology development, golf carts will have big change in technological upgrades and innovations. Future golf carts may adopt more advanced battery technology, intelligent driving technology, and vehicle networking technology to enhance vehicle performance and user experience. The used golf cart market will also be affected by this trend, and consumers' demand for second-hand golf carts with advanced technology may increase.
Conclusion
The second-hand used golf cart market is not only full of opportunities, but also has certain risks. For buyers with limited budgets, a focus on environmental protection, or a need for customized use, used golf carts are an extremely attractive choice. However, it is essential to conduct a vehicle condition check, choose reliable channels, and understand local regulations before purchasing. In the future, with technological advancements and policy support, the used golf cart market is expected to further standardize and become an important component of sustainable transportation.