Used Car Market in North America 2016–2022

Used Car Market in North America 2016–2022

  • July 2016 •
  • 84 pages •
  • Report ID: 4014335 •
  • Format: PDF
Used Car Market in North America 2016–2022 : Used Car Market to Transform by 2022 with Increased Online Sales and Pre-owned Leased Vehicle Sales

The North American used car market is almost 2.5-times bigger than the new car market and that ratio is not going to reduce anytime soon. This study captures the growth of the used car market until 2022 and assesses the factors impacting this market such as pricing pressures from the increasing number of off-lease vehicles entering the used car market. Disruptive market participants in the retailing of used cars, original equipment manufacturers’ (OEMs') involvement in promoting used cars, and innovative purchase options are covered as part of this research. Analysis of alternate powertrain vehicles and their impact on the used car market is also covered as part of this research.

Key Questions this Study will Answer

What are the key trends and factors determining the demand for used cars in North America?
Could electric vehicles and hybrids become popular by 2022 as a mainstream alternative to gasoline vehicles?
How are automotive manufacturers promoting their used car business? How is the convergence with online used car aggregators promoting the used car business?
What is the impact of leasing on the used car market?
How does the demand for used cars shape up until 2022? Is the demand for hybrids slowing down, indicating a change in customer preference?