New York, NY -- (SBWIRE) -- 03/07/2018 -- Description:

This market research report presents a comprehensive analysis of the used car market in the US based on product (mid-size, compact size, and full size). The report also provides an analysis of the market based on retail channel such as the third-party channel sales and OEM-affiliated channel sales.

The market research report, the increased penetration of dedicated websites to sell used cars will be one of the major factors that will have a positive impact on the used car market in the US during the forecast period. Our market research analysts predict that in terms of units, the used car market in the US will grow at a CAGR of close to 2% by 2022. The presence of many online car sales websites has enabled buyers to pick out a used car through online sites in the country. These websites assist sellers to cater to large number of potential buyers and there are many online used car sales websites that also offer extra services and special offers to interest buyers. In addition, the online used car websites provide free or discounted after-sales service packages that includes maintenance costs of the vehicle after purchase. The increasing use of online websites to exchange a vehicle for another well-maintained used car will drive the sales of used cars in the US in the next four years.

The increasing use of online portals for selling used cars by the vehicle manufacturers is one of the key trends that will contribute to the market growth in the forthcoming years. Many vehicle manufacturers in the US are maintaining a separate online portal for selling their used brands to increase their businesses. These vehicle manufacturers are looking at working with certified dealerships by cataloging their contact information to interested online shoppers.

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Companies covered

Characterized by the presence of several players, the used car market in the US appears to be fragmented. This industry research report offers information about the competitive environment among the players in the used vehicles market in the US and offers an analysis of the key companies and their products. Additionally, our analysts also offer information about the key areas the players currently focus on and the strategies they follow to sustain the competition.

This research report provides an analysis of the various companies in this market including
- AutoNation.com
- CarMax Business Services
- Carvana
- Holman Automotive Group
- Penske Automotive Group
- Sonic Automotive

Segmentation by product and analysis of the used car market in the US
- Mid-size (1,500 cc-2,499 cc)
- Compact size (below 1,499 cc)
- Full size (above 2,499 cc)

The mid-size product segment accounted for the major share of used car market in the US during 2017. Our industry analysis experts predict that the used vehicles market in the US will continue to lead this market till 2022.

Key questions answered in the report include
- What will the market size and the growth rate be in 2022?
- What are the key factors driving the used car market in the US?
- What are the key market trends impacting the growth of the used car market in the US?
- What are the challenges to market growth?
- Who are the key vendors in the used car market in the US?
- What are the market opportunities and threats faced by the vendors in the used car market in the US?
- Trending factors influencing the market shares of the US.
- What are the key outcomes of the five forces analysis of the used car market in the US?

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Table Of Contents – Major Key Points

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis

PART 05: MARKET SIZING
- Market definition
- Market sizing 2017
- Market size and forecast 2017-2022

PART 06: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition

PART 07: MARKET SEGMENTATION BY PRODUCT
- Segmentation by product
- Comparison by product
- Mid size (1,500cc-2,499cc) – Market size and forecast 2017-2022
- Full size (above 2,499cc) – Market size and forecast 2017-2022
- Compact size (below 1,499cc) – Market size and forecast 2017-2022
- Market opportunity by product

PART 08: MARKET SEGMENTATION BY RETAIL CHANNEL
- Segmentation by retail channel
- Comparison by retail channel
- Third-party channel sales – Market size and forecast 2017-2022
- OEM-affiliated channel sales – Market size and forecast 2017-2022
- Market opportunity by retail channel

PART 09: CUSTOMER LANDSCAPE

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges

PART 12: MARKET TRENDS
- Vehicle makers to use artificial intelligence for managing sales of used cars
- Vehicle makers maintaining online portal for selling used cars
- Improved touchpoint management

Continue……

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