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. According to the publisher, United States Used Car Market is forecasted to be more than US$ 885 Billion by the end of the year 2026.
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.
The report titled “United States Used Car Market by Types (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Market & Volume by Size (Mid - Size Car, Small Size Car, Luxury Car), Market of Vehicle by Age (0- 3 Year, 4 - 8 Year, 9-10 Year, > 10 Year), Market & Volume by Distribution Channels (Franchised, Independent Car Dealers and Others), Market & Volume by Region (South East US, South West US, North East US, Mid West US, and West US), Company Analysis (Penske Automotive Group Inc, CarMax Inc, Asbury Automotive Group Inc, AutoNation Inc, Amazon.com Inc, EBay Inc, and Alibaba Group Holding Ltd)” provides a complete analysis of United States Used Car Market.
Type - United States Used Car Market
- Passenger Car
- Light Commercial Vehicle
- Heavy Commercial Vehicle
Size - United States Used Car Market and Volume
- Mid - Size Car
- Small Size Car
- Luxury Car
Vehicle Age - United States Used Car Market
- 0 - 3 Year Old
- 4 - 8 Year Old
- 9 - 10 Year Old
- > 10 Year Old
Distribution Channels - United States Used Car Market and Volume
- Franchised
- Independent Car Dealers
- Others
Region - United States Used Car Market and Volume
- South East US
- South West US
- North East US
- Mid West US
- West US
Company Analysis provided in the Research Report
- Penske Automotive Group Inc
- CarMax Inc
- Asbury Automotive Group Inc
- AutoNation Inc
- Amazon.com Inc
- EBay Inc
- Alibaba Group Holding Ltd
Table of Contents
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 Penske Automotive Group Inc.
15.1.1 Overview
15.1.2 Recent Development & Strategy
15.1.3 Revenue Analysis
15.2 CarMax Inc.
15.2.1 Overview
15.2.2 Recent Development & Strategy
15.2.3 Revenue Analysis
15.3 Asbury Automotive Group Inc.
15.3.1 Overview
15.3.2 Recent Development & Strategy
15.3.3 Revenue Analysis
15.4 AutoNation Inc.
15.4.1 Overview
15.4.2 Recent Development & Strategy
15.4.3 Revenue Analysis
15.5 Amazon.com Inc.
15.5.1 Overview
15.5.2 Recent Development & Strategy
15.5.3 Revenue Analysis
15.6 EBay Inc.
15.6.1 Overview
15.6.2 Recent Development & Strategy
15.6.3 Revenue Analysis
15.7 Alibaba Group Holding Ltd.
15.7.1 Overview
15.7.2 Recent Development & Strategy
15.7.3 Revenue Analysis
List of Tables:
Table-01: Luxury Car Markers and their Brands
Table-02: South East US Car Sales Position
Table-03: Automotive Deal, Merger & Acquisitions in the Year 2020
Table-04: Recent Acquisition by Amazon
List of Figures:
Figure-01: United States - Used Car Market (Billion US$), 2019 - 2026
Figure-02: United States - Used Car Sales Volume (Million Units), 2019 - 2026
Figure-03: United States - Car Market (Billion US$), 2015 - 2019
Figure-04: United States - Forecast for Used Car Market (Billion US$), 2020 - 2026
Figure-05: United States - Used Car Volume (Million of Units), 2015 - 2019
Figure-06: United States - Forecast for Used Car Volume (Million of Units), 2020 - 2026
Figure-07: United States - Used Car Market Share Analysis by Types (Percent), 2015 - 2019
Figure-08: United States - Forecast for Used Car Market Share Analysis by Types (Percent), 2020 - 2026
Figure-09: United States - Used Car Market Share Analysis by Size (Percent), 2015 - 2019
Figure-10: United States - Forecast for Used Car Market Share Analysis by Size (Percent), 2020 - 2026
Figure-11: United States - Used Car Market Share Analysis by Car Age (Percent), 2015 - 2019
Figure-12: United States - Forecast for Used Car Market Share Analysis by Car Age (Percent), 2020 - 2026
Figure-13: United States - Used Car Market Share Analysis by Distribution Channel (Percent), 2015 - 2019
Figure-14: United States - Forecast for Used Car Market Share Analysis by Distribution Channel (Percent), 2020 - 2026
Figure-15: United States - Used Car Market Share Analysis by Region (Percent), 2015 - 2019
Figure-16: United States - Forecast for Used Car Market Share Analysis by Region (Percent), 2020 - 2026
Figure-17: United States - Used Passenger Car Market (Billion US$), 2015 - 2019
Figure-18: United States - Forecast for Used Passenger Car Market (Billion US$), 2020 - 2026
Figure-19: United States - Used Light Commercial Vehicle Market (Billion US$), 2015 - 2019
Figure-20: United States - Forecast for Used Light Commercial Vehicle Market (Billion US$), 2020 - 2026
Figure-21: United States - Used Heavy Commercial Vehicle Market (Billion US$), 2015 - 2019
Figure-22: United States - Forecast for Used Heavy Commercial Vehicle Market (Billion US$), 2020 - 2026
Figure-23: United States - Used Mid - Size Car Market (Billion US$), 2015 - 2019
Figure-24: United States - Forecast for Used Mid - Size Car Market (Billion US$), 2020 - 2026
Figure-25: United States - Used Mid - Size Car Volume (Million Units), 2015 - 2019
Figure-26: United States - Forecast for Used Mid - Size Car Volume (Million Units), 2020 - 2026
Figure-27: United States - Used Small Size Car Market (Billion US$), 2015 - 2019
Figure-28: United States - Forecast for Used Small Size Car Market (Billion US$), 2020 - 2026
Figure-29: United States - Used Small Size Car Volume (Million Units), 2015 - 2019
Figure-30: United States - Forecast for Used Small Size Car Volume (Million Units), 2020 - 2026
Figure-31: United States - Used Luxury Car Market (Billion US$), 2015 - 2019
Figure-32: United States - Forecast for Used Luxury Car Market (Billion US$), 2020 - 2026
Figure-33: United States - Used Luxury Car Volume (Million Units), 2015 - 2019
Figure-34: United States - Forecast for Used Luxury Car Volume (Million Units), 2020 - 2026
Figure-35: United States - Used 0- 3 Year Old Car Market (Billion US$), 2015 - 2019
Figure-36: United States - Forecast for Used 0- 3 Year Old Car Market (Billion US$), 2020 - 2026
Figure-37: United States - Used 4 - 8 Year Old Car Market (Billion US$), 2015 - 2019
Figure-38: United States - Forecast for Used 4 - 8 Year Old Car Market (Billion US$), 2020 - 2026
Figure-39: United States - Used 9 - 10 Year Old Car Market (Billion US$), 2015 - 2019
Figure-40: United States - Forecast for Used 9 - 10 Year Old Car Market (Billion US$), 2020 - 2026
Figure-41: United States - Used > 10 year Old Car Market (Billion US$), 2015 - 2019
Figure-42: United States - Forecast for Used > 10 year Old Car Market (Billion US$), 2020 - 2026
Figure-43: United States - Used Car Market by Franchised Distribution (Billion US$), 2015 - 2019
Figure-44: United States - Forecast for Used Car Market by Franchised Distribution (Billion US$), 2020 - 2026
Figure-45: United States - Used Car Volume by Franchised Distribution (Million Units), 2015 - 2019
Figure-46: United States - Forecast for Used Car Volume by Franchised Distribution (Million Units), 2020 - 2026
Figure-47: United States - Used Car Market by Independent Car Dealers (Billion US$), 2015 - 2019
Figure-48: United States - Forecast for Used Car Market by Independent Car Dealers (Billion US$), 2020 - 2026
Figure-49: United States - Used Car Volume by Independent Car Dealers (Million Units), 2015 - 2019
Figure-50: United States - Forecast for Used Car Volume by Independent Car Dealers (Million Units), 2020 - 2026
Figure-51: United States - Used Car Market by Others Distribution (Billion US$), 2015 - 2019
Figure-52: United States - Forecast for Used Car Market by Others Distribution (Billion US$), 2020 - 2026
Figure-53: United States - Used Car Volume by Others Distribution (Million Units), 2015 - 2019
Figure-54: United States - Forecast for Used Car Volume by Others Distribution (Million Units), 2020 - 2026
Figure-55: South East US - Used Car Market (Billion US$), 2015 - 2019
Figure-56: South East US - Forecast for Used Car Market (Billion US$), 2020 - 2026
Figure-57: South East US - Used Car Volume (Million Units), 2015 - 2019
Figure-58: South East US - Forecast for Used Car Volume (Million Units), 2020 - 2026
Figure-59: South West US - Used Car Market (Billion US$), 2015 - 2019
Figure-60: South West US - Forecast for Used Car Market (Billion US$), 2020 - 2026
Figure-61: South West US - Used Car Volume (Million Units), 2015 - 2019
Figure-62: South West US - Forecast for Used Car Volume (Million Units), 2020 - 2026
Figure-63: North East US - Used Car Market (Billion US$), 2015 - 2019
Figure-64: North East US - Forecast for Used Car Market (Billion US$), 2020 - 2026
Figure-65: North East US - Used Car Volume (Million Units), 2015 - 2019
Figure-66: North East US - Forecast for Used Car Volume (Million Units), 2020 - 2026
Figure-67: Mid West US - Used Car Market (Billion US$), 2015 - 2019
Figure-68: Mid West US - Forecast for Used Car Market (Billion US$), 2020 - 2026
Figure-69: Mid West US - Used Car Volume (Million Units), 2015 - 2019
Figure-70: Mid West US - Forecast for Used Car Volume (Million Units), 2020 - 2026
Figure-71: West US - Used Car Market (Billion US$), 2015 - 2019
Figure-72: West US - Forecast for Used Car Market (Billion US$), 2020 - 2026
Figure-73: West US - Used Car Volume (Million Units), 2015 - 2019
Figure-74: West US - Forecast for Used Car Volume (Million Units), 2020 - 2026
Figure-75: Global Penske Automotive Group Inc. Revenue (In Billion US$) 2015 - 2019
Figure-76: Forecast for Global Penske Automotive Group Inc. Revenue (In Billion US$) 2020 - 2026
Figure-77: Global CarMax Inc. Revenue (In Billion US$) 2015 - 2019
Figure-78: Forecast for Global CarMax Inc. Revenue (In Billion US$) 2020 - 2026
Figure-79: Global Asbury Automotive Group Inc. Revenue (In Billion US$) 2015 - 2019
Figure-80: Forecast for Global Asbury Automotive Group Inc. Revenue (In Billion US$) 2020 - 2026
Figure-81: Global AutoNation Inc. Revenue (In Billion US$) 2015 - 2019
Figure-82: Forecast for Global AutoNation Inc. Revenue (In Billion US$) 2020 - 2026
Figure-83: Global Amazon Revenue (In Billion US$) 2015 - 2019
Figure-84: Forecast for Global Amazon Revenue (In Billion US$) 2020 - 2026
Figure-85: Global Ebay Revenue (In Billion US$) 2015 - 2019
Figure-86: Forecast for Global Ebay Revenue (In Billion US$) 2020 - 2026
Figure-87: Global Alibaba Revenue (In Billion US$) 2015 - 2019
Figure-88: Forecast for Global Alibaba Revenue (In Billion US$) 2020 - 2026
Companies Mentioned
- Alibaba Group Holding Ltd
- Amazon.com Inc
- Asbury Automotive Group Inc
- AutoNation Inc
- CarMax Inc
- EBay Inc
- Penske Automotive Group Inc
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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