UK Markets closed
  • FTSE 100

    6,915.75
    +30.43 (+0.44%)
     
  • FTSE 250

    22,251.26
    +90.66 (+0.41%)
     
  • AIM

    1,236.50
    +6.64 (+0.54%)
     
  • GBP/EUR

    1.1517
    -0.0053 (-0.46%)
     
  • GBP/USD

    1.3706
    -0.0032 (-0.2316%)
     
  • BTC-GBP

    44,168.45
    +1,422.09 (+3.33%)
     
  • CMC Crypto 200

    1,235.89
    +45.20 (+3.80%)
     
  • S&P 500

    4,128.80
    +31.63 (+0.77%)
     
  • DOW

    33,800.60
    +297.03 (+0.89%)
     
  • CRUDE OIL

    59.34
    -0.26 (-0.44%)
     
  • GOLD FUTURES

    1,744.10
    -14.10 (-0.80%)
     
  • NIKKEI 225

    29,768.06
    +37.26 (+0.13%)
     
  • HANG SENG

    28,698.80
    +24.00 (+0.08%)
     
  • DAX

    15,234.16
    +57.76 (+0.38%)
     
  • CAC 40

    6,169.41
    +38.75 (+0.63%)
     

United States Used Car Market & Volume Report 2020: Market is Forecasted to be More than $885 Billion by the End of 2026

Research and Markets
·3-min read

Dublin, March 24, 2021 (GLOBE NEWSWIRE) -- The "United States Used Car Market & Volume by Types (Sedan, SUV, Micro Van, Trailer, Motorcycle, Others), Size, Vehicle Age, Distribution Channels, Region, Pricing, and Company Analysis" report has been added to ResearchAndMarkets.com's offering.

United States Used Car Market is forecasted to be more than US$ 885 Billion by the end of the year 2026.

The demand for used cars is high among consumers in the United States; this is due to favorable policies and changing consumer behavior. United States consumers have become more comfortable in buying a used car due to rising car inventories. The growth in the number of franchised and independent car dealers with a better deal and competitive price for cars is also attracting the Used Car Market in the United States.

Companies like Penske Automotive, CarMax, Asbury Automotive Group, and AutoNation are attracting used car consumers with aggressive advertisements, dedicated websites, lucrative offers, and additional facilities. All these growth factors are propelling the Used Car Market in the United States.

COVID-19 is boosting the Used Car Market in the United States

The used car market has been boosted from COVID-19 as people are avoiding mass transportation such as buses, trains, and even taxi services. Most of the consumers are buying used cars due to the sudden economic crisis created by this pandemic and saving money in an uncertain economy is the priority. The difference between the prices of the used car versus the new car plays the most significant role in this market.

Key Topics Covered:

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Key Challenges

5. United States Used Car Policy

6. United States Used Car Market

7. United States Used Car Units

8. Market Share - United States Used Car
8.1 By Types
8.2 By Size
8.3 By Vehicle Age
8.4 By Distribution channels
8.5 By Region

9. Type - United States Used Car Market
9.1 Passenger Car
9.2 Light Commercial Vehicle
9.3 Heavy Commercial Vehicle

10. Size - United States Used Car Market and Volume
10.1 Mid - Size Car
10.1.1 Market
10.1.2 Volume
10.2 Small Size Car
10.2.1 Market
10.2.2 Volume
10.3 Luxury Car
10.3.1 Market
10.3.2 Volume

11. Vehicle Age - United States Used Car Market
11.1 0- 3 Year old
11.2 4 - 8 Year old
11.3 9-10 Year old
11.4 > 10 year old

12. Distribution Channels - United States Used Car Market
12.1 Franchised
12.1.1 Market
12.1.2 Volume
12.2 Independent Car Dealers
12.2.1 Market
12.2.2 Volume
12.3 Others
12.3.1 Market
12.3.2 Volume

13. Region - United States Used Car Market
13.1 South East US
13.1.1 Market
13.1.2 Volume
13.2 South West US
13.2.1 Market
13.2.2 Volume
13.3 North East US
13.3.1 Market
13.3.2 Volume
13.4 Mid West US
13.4.1 Market
13.4.2 Volume
13.5 West US
13.5.1 Market
13.5.2 Volume

14. Merger & Acquisitions

15. Company Analysis
15.1 Overview
15.2 Recent Development & Strategy
15.3 Revenue Analysis

  • Alibaba Group Holding Ltd

  • Amazon.com Inc

  • Asbury Automotive Group Inc

  • AutoNation Inc

  • CarMax Inc

  • EBay Inc

  • Penske Automotive Group Inc

For more information about this report visit https://www.researchandmarkets.com/r/nap98e

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900