Used Car Market In US 2020-2024

Used Car Market In US 2020-2024

  • March 2020 •
  • 120 pages •
  • Report ID: 2979035 •
  • Format: PDF
Used Car Market in US 2020-2024
The analyst has been monitoring the used car market in US and it is poised to grow by USD 4.25 bn during 2020-2024, progressing at a CAGR of 2% during the forecast period. Our reports on used car market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by increased penetration of dedicated websites to sell used cars. In addition, improved touchpoint management is anticipated to boost the growth of the Used car market in US as well.

Market Segmentation
Used car market in US is segmented as below:
Product:
• Mid-Size
• Full Size
• Compact Size

Retail Format:
• Third-Party Channel Sales
• OEM Channel Sales

Geographic Segmentation:
• APAC
• Europe
• MEA
• North America
• South America

Key Trends for Used car market in US growth
This study identifies improved touchpoint management as the prime reasons driving the used car market in US growth during the next few years.

Prominent vendors in global used car market in us 2020-2024
We provide a detailed analysis of around 25 vendors operating in the used car market in US, including some of the vendors such as Alibaba Group Holding Ltd., Amazon.com Inc., Asbury Automotive Group Inc., AutoNation Inc., CarMax Inc., Cox Automotive Inc., eBay Inc., Pendragon Plc, Penske Automotive Group Inc. and TrueCar Inc.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.