Used Car Market in the US – Market Outlook and Analysis 2018-2022

Used cars, which are often also referred to as pre-owned cars or second-hand cars are sold through walk-in used car stores and also through online platforms, which includes social media. The buying and selling of used cars is facilitated by online used car companies.

The latest report on the US Market’s Used Car Market is meant to be an informative study which covers the in-depth analysis of the used car market in the US Market in accordance with the key manufacturers, market challenges, sales revenue generated, promising regions, and market trends during the 2018 to 2022 period. The reader would be provided with all the necessary market data which are needed for a successful business strategy and would be assisted through this report to better understand decision making.

The report sheds some light on Used Car Market in the promising regions of the US Market, including Asia-Pacific, Europe, Middle East, Africa, and North America. Pictorial data have been used to in the report to represent the revenue of market share generated by the key vendors in these regions.

According to vincheckpro.com research, the used car market in the US is expected to experience growth during the forecast period (2018-2022) at a CAGR of close to 2%.

The actionable insights provided by this report is meant to lead you in answering basic questions that revolve around the emerging trends, challenges, drivers, which are projected to take a toll on stakeholders as well as on the global online on-demand home services market over the forecast period.

For a limited time only, the report has been made available at a discount of USD 1,000: before purchasing, a snapshot view has been made available here.

Expert market research on the following topics has been provided by Technavio report:

Executive Report

• Used car market in the United States Overview
• Market Outline

Market Insights

• Key Emerging Trends
• Market sizing and forecasts
• Market challenges and market drivers
• Market growth

Market Segmentation Analysis

• market segmentation by retail channel (sales through third-party channel and OEM-affiliated channel sales)
• key leading countries
• Market segmentation by product (compact size, mid size, and full size)

Vendor Landscape

• Competitive scenario
• Vendor market positioning
• Classification of vendor
• Top vendor analysis (Sonic Automotive, AutoNation.com, Carvana, Holman Automotive Group, CarMax Business Services, and Penske Automotive group)

Used Car Market in the US Market Segment by Regions

• Middle East Africa (Saudi Arabia, Nigeria, South Africa, UAE, EQYPT)
• South America (Colombia, Brazil, Argentina)
• North America (United States, Mexico, Canada)
• Europe (Russia, Italy, Germany, France)
• Asia-Pacific (Japan, South-East Asia, Korea, China, India)

Market driver

• Websites’ increased penetration dedicated to selling used cars

Market challenge

• Car subscription services increased preference

Market trend

• Managing sales of used cars through the use of artificial intelligence by vehicle makers

Key Used Car Market in the US Market Data gone through in this report

• Accurate future market share, size in the forecast period
• Executive summary, research methodology market landscape, scope.
• Forecast of the sub-segments of the market segments w.r.t to three main region of EMEA Americas, APAC
• Factors that affect the Used Car Market in the market growth, revenue technological,sales of the US

This article does not necessarily reflect the opinions of the editors or management of EconoTimes.