pre-owned market
nounUK /ˌpriːˈəʊnd ˈmɑːkɪt/
US /ˌpriːˈoʊnd ˈmɑːrkɪt/
A place where people buy and sell things that someone else has used before.
She found a cheap bicycle at the pre-owned market.
OTHER MEANINGS
2. The business sector that trades items previously owned by someone else.
The pre-owned market for cars has grown quickly this year.
3. A specific event or online site where used items are exchanged.
He sold his old phone on a pre-owned market app.
4. The overall supply and demand for secondhand goods.
Prices in the pre-owned market drop when new models come out.