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Used Car Market in the US 2015-2019

Used Car Sector: Forecast until 2019 in the US

  • May 2015
  • 69 pages
  • ID: 2979035
In this report:
The used car market in the US was valued at $##.## billion in 2014 and is expected to increase to $##.## billion by 2019, growing at a CAGR of ##.##%.
In terms of units sold, the market size was ##.## million units in 2014 and is expected to grow to ##.## million units by 2019, growing at a CAGR of ##.##%.

Summary

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About Used Cars

Used cars are increasingly becoming an alternative for additional vehicles due to increase in consumer interest and popularity of certified programs. The used car sector in the USA comprises micro cars, economy cars, luxury cars, specialty cars, minivans, SUVs, pickup trucks, and commercial vans. The sellers in the used car sector offer a range of automotive products and services, including additional and used vehicles, automotive finance, repair services, and insurance.

The sector is anticipated to witness a growth in the volume of off-lease vehicles as a significant number of these vehicles will be back in the sector in 2014.

Research company's analysts estimation the used car segment in the USA to expand at a compound annual growth rate of ~6.9%, in terms of revenue, during the time frame 2014-2019.

What is the scope of this report?

This business report includes the current situation and the growth perspectives of the used car sector in the USA for the time frame 2015-2019. To calculate the market value, it considers the average price of used cars in the US. The report considers the market value in terms of both revenue and units, but only for passenger vehicles.

It discusses the top drivers that effect the market increase and outlines the opportunities faced by sellers and the industry at important, as well as the main trends that are emerging in the sector.

The top customers in the industry are the end users.

The analysis unveils the competitors' overview and a corresponding exhaustive analysis of the leading sellers in the market. The market research discusses the main drivers that impact the increase of the market. It also outlines the opportunities faced by sellers and the industry at big, as well as the main trends emerging in the sector.

Other main sellers

Who are the market dominants?

• increasing demand for CPO cars

• For a full, in-depth list, view our market report

What are the ongoing market challenges?

• Demand-based inventory management

• For a full, exhaustive list, view our market report

How the market is going?

• rise in online retail channels and classifieds

• For a full, in-depth list, view our market report

What are the main questions answered?

• What will the market value be in 2019 and what will the increase rate be?

• What are the key market forecasts?

• What is driving this sector?

• What are the conditions to market growth?

• Who are the main sellers in this market environment?

• What are the opportunities in this industry and segment risks faced by the main vendors?

• What are the forces and weaknesses of the main vendors?

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ref:plp2015

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