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Used Cars Market By Vehicle Type (Hatchback, Sedan, SUV), By Propulsion (ICE, Electric and Hybrid), By Distribution Channel (Franchised Dealer, Independent Dealer, Peer-to-peer): Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 302 Pages
  • March 2023
  • Region: Global
  • Allied Market Research
  • ID: 5341591
Description Jump to:
A used car is one that has been driven or owned before by one or more owners. It is sometimes referred to as a used car or a pre-owned car. There are many places where used automobiles can be purchased, including franchise and independent car dealerships, rental car agencies, public and private yard sales, and leasing offices. Customers at used car dealers can choose from a variety of vehicles. They include used cars with extended service agreements, certified pre-owned vehicles, and inexpensive vehicles. In addition, used vehicle dealers provide clients the option of buying used automobiles online, and customers can use dealer websites to learn more about used cars.

As the auto industry rapidly develops, car prices are rising. New cars are becoming an increasingly expensive purchase for the common person as their prices climb each year. Strangely, a car's average lifespan is dropping despite the ongoing price increase, which is helpful for those looking to buy older cars. Because manufacturers now release updated versions of their vehicles more frequently than they did a few years ago, there are an increasing number of modern cars on the used car current market. Buyers might easily strike a clever deal with a low value owing to this. During the projected period, this element is anticipated to fuel used automobile sales in the personal market.

Moreover, used cars don't lose value as quickly because they've previously gone through this process, but new cars do in the first few years, which is sometimes to businesses' advantage. Used cars often cost less to insure than new cars, which can lower the premiums that businesses must pay. Also, used automobiles cost less than new ones, which may be a huge advantage for businesses that are just started or looking to save money. These elements are predicted to fuel market expansion during the upcoming years.

Sedans are renowned for being comfortable and opulent. The elements that fuel demand for sedans include comfort, a smoother ride in cities, greater boot room, lighter weight, better speed, and fuel efficiency. A rise in emission standards has also raised the desire for electric vehicles, and it has been noted that most of the market's offerings are sedans due to their affordability and low price. As a result, the sedan segment of the used automobile market has development potential due to the comfort and increased space in sedans.

The market for used cars is driven by factors including high prices of new vehicles and affordability concerns, a rise in demand for off-lease cars & subscription service by the franchise, leasing offices, and car dealers, and increasing investment by giant automakers in the market. However, unorganized used car sales and lack of regularization are the major factors that hamper the growth of the used cars market.

The market segmentation is based on the vehicle type, propulsion, distribution channel, and region. As per vehicle type, it is divided into hatchback, sedan, and SUV. According to propulsion, it is classified into ICE and electric & hybrid. By distribution channel, it is categorized into franchised dealer, independent dealer, and peer-to-peer. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some major companies operating in the market include Asbury Automotive Group, Inc., AutoNation, Inc., CarMax Business Services, LLC, Cars24 Services Private Limited, Carvana, Group 1 Automotive Inc., Hendrick Automotive Group, Lithia Motors, Inc., Mahindra First Choice Wheels Ltd., and TrueCar, Inc.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the used cars market analysis from 2021 to 2031 to identify the prevailing used cars market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the used cars market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global used cars market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Vehicle Type

  • Hatchback
  • Sedan
  • SUV

By Propulsion

  • ICE
  • Electric and Hybrid

By Distribution Channel

  • Franchised Dealer
  • Independent Dealer
  • Peer-to-peer

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • CarMax Inc.
  • Lithia Motors, Inc.
  • Hendrick Automotive Group
  • Mahindra First Choice
  • TrueCar, Inc.
  • Asbury Automotive Group, Inc.
  • Carvana
  • Group1 Automotive Inc.
  • AutoNation, Inc.
  • cars24

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. High new vehicle prices and affordability concerns
3.4.1.2. Rise in demand for off-lease cars & subscription service by the franchise, leasing offices, and car dealers
3.4.1.3. Increasing investment by giant automakers in the market
3.4.2. Restraints
3.4.2.1. Unorganized used car sales
3.4.2.2. Lack of regularization
3.4.3. Opportunities
3.4.3.1. Steady increase in organized/semi-organized sales in emerging countries and surge in electric vehicle business across the globe.
3.4.3.2. Advent of E-commerce and online technologies
3.4.3.3. Demand for car-sharing services
3.5. COVID-19 Impact Analysis on the market
CHAPTER 4: USED CARS MARKET, BY VEHICLE TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Hatchback
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. Sedan
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. SUV
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: USED CARS MARKET, BY PROPULSION
5.1. Overview
5.1.1. Market size and forecast
5.2. ICE
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Electric and Hybrid
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
CHAPTER 6: USED CARS MARKET, BY DISTRIBUTION CHANNEL
6.1. Overview
6.1.1. Market size and forecast
6.2. Franchised Dealer
6.2.1. Key market trends, growth factors and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market share analysis by country
6.3. Independent Dealer
6.3.1. Key market trends, growth factors and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market share analysis by country
6.4. Peer-to-peer
6.4.1. Key market trends, growth factors and opportunities
6.4.2. Market size and forecast, by region
6.4.3. Market share analysis by country
CHAPTER 7: USED CARS MARKET, BY REGION
7.1. Overview
7.1.1. Market size and forecast By Region
7.2. North America
7.2.1. Key trends and opportunities
7.2.2. Market size and forecast, by Vehicle Type
7.2.3. Market size and forecast, by Propulsion
7.2.4. Market size and forecast, by Distribution Channel
7.2.5. Market size and forecast, by country
7.2.5.1. U.S.
7.2.5.1.1. Key market trends, growth factors and opportunities
7.2.5.1.2. Market size and forecast, by Vehicle Type
7.2.5.1.3. Market size and forecast, by Propulsion
7.2.5.1.4. Market size and forecast, by Distribution Channel
7.2.5.2. Canada
7.2.5.2.1. Key market trends, growth factors and opportunities
7.2.5.2.2. Market size and forecast, by Vehicle Type
7.2.5.2.3. Market size and forecast, by Propulsion
7.2.5.2.4. Market size and forecast, by Distribution Channel
7.2.5.3. Mexico
7.2.5.3.1. Key market trends, growth factors and opportunities
7.2.5.3.2. Market size and forecast, by Vehicle Type
7.2.5.3.3. Market size and forecast, by Propulsion
7.2.5.3.4. Market size and forecast, by Distribution Channel
7.3. Europe
7.3.1. Key trends and opportunities
7.3.2. Market size and forecast, by Vehicle Type
7.3.3. Market size and forecast, by Propulsion
7.3.4. Market size and forecast, by Distribution Channel
7.3.5. Market size and forecast, by country
7.3.5.1. UK
7.3.5.1.1. Key market trends, growth factors and opportunities
7.3.5.1.2. Market size and forecast, by Vehicle Type
7.3.5.1.3. Market size and forecast, by Propulsion
7.3.5.1.4. Market size and forecast, by Distribution Channel
7.3.5.2. Germany
7.3.5.2.1. Key market trends, growth factors and opportunities
7.3.5.2.2. Market size and forecast, by Vehicle Type
7.3.5.2.3. Market size and forecast, by Propulsion
7.3.5.2.4. Market size and forecast, by Distribution Channel
7.3.5.3. France
7.3.5.3.1. Key market trends, growth factors and opportunities
7.3.5.3.2. Market size and forecast, by Vehicle Type
7.3.5.3.3. Market size and forecast, by Propulsion
7.3.5.3.4. Market size and forecast, by Distribution Channel
7.3.5.4. Italy
7.3.5.4.1. Key market trends, growth factors and opportunities
7.3.5.4.2. Market size and forecast, by Vehicle Type
7.3.5.4.3. Market size and forecast, by Propulsion
7.3.5.4.4. Market size and forecast, by Distribution Channel
7.3.5.5. Rest of Europe
7.3.5.5.1. Key market trends, growth factors and opportunities
7.3.5.5.2. Market size and forecast, by Vehicle Type
7.3.5.5.3. Market size and forecast, by Propulsion
7.3.5.5.4. Market size and forecast, by Distribution Channel
7.4. Asia-Pacific
7.4.1. Key trends and opportunities
7.4.2. Market size and forecast, by Vehicle Type
7.4.3. Market size and forecast, by Propulsion
7.4.4. Market size and forecast, by Distribution Channel
7.4.5. Market size and forecast, by country
7.4.5.1. China
7.4.5.1.1. Key market trends, growth factors and opportunities
7.4.5.1.2. Market size and forecast, by Vehicle Type
7.4.5.1.3. Market size and forecast, by Propulsion
7.4.5.1.4. Market size and forecast, by Distribution Channel
7.4.5.2. Japan
7.4.5.2.1. Key market trends, growth factors and opportunities
7.4.5.2.2. Market size and forecast, by Vehicle Type
7.4.5.2.3. Market size and forecast, by Propulsion
7.4.5.2.4. Market size and forecast, by Distribution Channel
7.4.5.3. India
7.4.5.3.1. Key market trends, growth factors and opportunities
7.4.5.3.2. Market size and forecast, by Vehicle Type
7.4.5.3.3. Market size and forecast, by Propulsion
7.4.5.3.4. Market size and forecast, by Distribution Channel
7.4.5.4. South Korea
7.4.5.4.1. Key market trends, growth factors and opportunities
7.4.5.4.2. Market size and forecast, by Vehicle Type
7.4.5.4.3. Market size and forecast, by Propulsion
7.4.5.4.4. Market size and forecast, by Distribution Channel
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Key market trends, growth factors and opportunities
7.4.5.5.2. Market size and forecast, by Vehicle Type
7.4.5.5.3. Market size and forecast, by Propulsion
7.4.5.5.4. Market size and forecast, by Distribution Channel
7.5. LAMEA
7.5.1. Key trends and opportunities
7.5.2. Market size and forecast, by Vehicle Type
7.5.3. Market size and forecast, by Propulsion
7.5.4. Market size and forecast, by Distribution Channel
7.5.5. Market size and forecast, by country
7.5.5.1. Latin America
7.5.5.1.1. Key market trends, growth factors and opportunities
7.5.5.1.2. Market size and forecast, by Vehicle Type
7.5.5.1.3. Market size and forecast, by Propulsion
7.5.5.1.4. Market size and forecast, by Distribution Channel
7.5.5.2. Middle East
7.5.5.2.1. Key market trends, growth factors and opportunities
7.5.5.2.2. Market size and forecast, by Vehicle Type
7.5.5.2.3. Market size and forecast, by Propulsion
7.5.5.2.4. Market size and forecast, by Distribution Channel
7.5.5.3. Africa
7.5.5.3.1. Key market trends, growth factors and opportunities
7.5.5.3.2. Market size and forecast, by Vehicle Type
7.5.5.3.3. Market size and forecast, by Propulsion
7.5.5.3.4. Market size and forecast, by Distribution Channel
CHAPTER 8: COMPETITIVE LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021
CHAPTER 9: COMPANY PROFILES
9.1. Asbury Automotive Group, Inc.
9.1.1. Company overview
9.1.2. Key Executives
9.1.3. Company snapshot
9.1.4. Operating business segments
9.1.5. Product portfolio
9.1.6. Business performance
9.1.7. Key strategic moves and developments
9.2. AutoNation, Inc.
9.2.1. Company overview
9.2.2. Key Executives
9.2.3. Company snapshot
9.2.4. Operating business segments
9.2.5. Product portfolio
9.2.6. Business performance
9.2.7. Key strategic moves and developments
9.3. CarMax Inc.
9.3.1. Company overview
9.3.2. Key Executives
9.3.3. Company snapshot
9.3.4. Operating business segments
9.3.5. Product portfolio
9.3.6. Business performance
9.3.7. Key strategic moves and developments
9.4. cars24
9.4.1. Company overview
9.4.2. Key Executives
9.4.3. Company snapshot
9.4.4. Operating business segments
9.4.5. Product portfolio
9.4.6. Key strategic moves and developments
9.5. Carvana
9.5.1. Company overview
9.5.2. Key Executives
9.5.3. Company snapshot
9.5.4. Operating business segments
9.5.5. Product portfolio
9.5.6. Business performance
9.6. Group1 Automotive Inc.
9.6.1. Company overview
9.6.2. Key Executives
9.6.3. Company snapshot
9.6.4. Operating business segments
9.6.5. Product portfolio
9.6.6. Business performance
9.6.7. Key strategic moves and developments
9.7. Hendrick Automotive Group
9.7.1. Company overview
9.7.2. Key Executives
9.7.3. Company snapshot
9.7.4. Operating business segments
9.7.5. Product portfolio
9.7.6. Key strategic moves and developments
9.8. Lithia Motors, Inc.
9.8.1. Company overview
9.8.2. Key Executives
9.8.3. Company snapshot
9.8.4. Operating business segments
9.8.5. Product portfolio
9.8.6. Business performance
9.8.7. Key strategic moves and developments
9.9. Mahindra First Choice
9.9.1. Company overview
9.9.2. Key Executives
9.9.3. Company snapshot
9.9.4. Operating business segments
9.9.5. Product portfolio
9.9.6. Key strategic moves and developments
9.10. TrueCar, Inc.
9.10.1. Company overview
9.10.2. Key Executives
9.10.3. Company snapshot
9.10.4. Operating business segments
9.10.5. Product portfolio
9.10.6. Business performance
9.10.7. Key strategic moves and developments
List of Tables
TABLE 01. GLOBAL USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 02. USED CARS MARKET FOR HATCHBACK, BY REGION, 2021-2031 ($BILLION)
TABLE 03. USED CARS MARKET FOR SEDAN, BY REGION, 2021-2031 ($BILLION)
TABLE 04. USED CARS MARKET FOR SUV, BY REGION, 2021-2031 ($BILLION)
TABLE 05. GLOBAL USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 06. USED CARS MARKET FOR ICE, BY REGION, 2021-2031 ($BILLION)
TABLE 07. USED CARS MARKET FOR ELECTRIC AND HYBRID, BY REGION, 2021-2031 ($BILLION)
TABLE 08. GLOBAL USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 09. USED CARS MARKET FOR FRANCHISED DEALER, BY REGION, 2021-2031 ($BILLION)
TABLE 10. USED CARS MARKET FOR INDEPENDENT DEALER, BY REGION, 2021-2031 ($BILLION)
TABLE 11. USED CARS MARKET FOR PEER-TO-PEER, BY REGION, 2021-2031 ($BILLION)
TABLE 12. USED CARS MARKET, BY REGION, 2021-2031 ($BILLION)
TABLE 13. NORTH AMERICA USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 14. NORTH AMERICA USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 15. NORTH AMERICA USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 16. NORTH AMERICA USED CARS MARKET, BY COUNTRY, 2021-2031 ($BILLION)
TABLE 17. U.S. USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 18. U.S. USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 19. U.S. USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 20. CANADA USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 21. CANADA USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 22. CANADA USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 23. MEXICO USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 24. MEXICO USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 25. MEXICO USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 26. EUROPE USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 27. EUROPE USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 28. EUROPE USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 29. EUROPE USED CARS MARKET, BY COUNTRY, 2021-2031 ($BILLION)
TABLE 30. UK USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 31. UK USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 32. UK USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 33. GERMANY USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 34. GERMANY USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 35. GERMANY USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 36. FRANCE USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 37. FRANCE USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 38. FRANCE USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 39. ITALY USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 40. ITALY USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 41. ITALY USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 42. REST OF EUROPE USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 43. REST OF EUROPE USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 44. REST OF EUROPE USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 45. ASIA-PACIFIC USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 46. ASIA-PACIFIC USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 47. ASIA-PACIFIC USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 48. ASIA-PACIFIC USED CARS MARKET, BY COUNTRY, 2021-2031 ($BILLION)
TABLE 49. CHINA USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 50. CHINA USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 51. CHINA USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 52. JAPAN USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 53. JAPAN USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 54. JAPAN USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 55. INDIA USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 56. INDIA USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 57. INDIA USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 58. SOUTH KOREA USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 59. SOUTH KOREA USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 60. SOUTH KOREA USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 61. REST OF ASIA-PACIFIC USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 62. REST OF ASIA-PACIFIC USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 63. REST OF ASIA-PACIFIC USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 64. LAMEA USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 65. LAMEA USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 66. LAMEA USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 67. LAMEA USED CARS MARKET, BY COUNTRY, 2021-2031 ($BILLION)
TABLE 68. LATIN AMERICA USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 69. LATIN AMERICA USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 70. LATIN AMERICA USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 71. MIDDLE EAST USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 72. MIDDLE EAST USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 73. MIDDLE EAST USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 74. AFRICA USED CARS MARKET, BY VEHICLE TYPE, 2021-2031 ($BILLION)
TABLE 75. AFRICA USED CARS MARKET, BY PROPULSION, 2021-2031 ($BILLION)
TABLE 76. AFRICA USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021-2031 ($BILLION)
TABLE 77. ASBURY AUTOMOTIVE GROUP, INC.: KEY EXECUTIVES
TABLE 78. ASBURY AUTOMOTIVE GROUP, INC.: COMPANY SNAPSHOT
TABLE 79. ASBURY AUTOMOTIVE GROUP, INC.: PRODUCT SEGMENTS
TABLE 80. ASBURY AUTOMOTIVE GROUP, INC.: PRODUCT PORTFOLIO
TABLE 81. ASBURY AUTOMOTIVE GROUP, INC.: KEY STRATEGIES
TABLE 82. AUTONATION, INC.: KEY EXECUTIVES
TABLE 83. AUTONATION, INC.: COMPANY SNAPSHOT
TABLE 84. AUTONATION, INC.: PRODUCT SEGMENTS
TABLE 85. AUTONATION, INC.: PRODUCT PORTFOLIO
TABLE 86. AUTONATION, INC.: KEY STRATEGIES
TABLE 87. CARMAX INC.: KEY EXECUTIVES
TABLE 88. CARMAX INC.: COMPANY SNAPSHOT
TABLE 89. CARMAX INC.: PRODUCT SEGMENTS
TABLE 90. CARMAX INC.: PRODUCT PORTFOLIO
TABLE 91. CARMAX INC.: KEY STRATEGIES
TABLE 92. CARS24: KEY EXECUTIVES
TABLE 93. CARS24: COMPANY SNAPSHOT
TABLE 94. CARS24: PRODUCT SEGMENTS
TABLE 95. CARS24: PRODUCT PORTFOLIO
TABLE 96. CARS24: KEY STRATEGIES
TABLE 97. CARVANA: KEY EXECUTIVES
TABLE 98. CARVANA: COMPANY SNAPSHOT
TABLE 99. CARVANA: PRODUCT SEGMENTS
TABLE 100. CARVANA: PRODUCT PORTFOLIO
TABLE 101. GROUP1 AUTOMOTIVE INC.: KEY EXECUTIVES
TABLE 102. GROUP1 AUTOMOTIVE INC.: COMPANY SNAPSHOT
TABLE 103. GROUP1 AUTOMOTIVE INC.: PRODUCT SEGMENTS
TABLE 104. GROUP1 AUTOMOTIVE INC.: PRODUCT PORTFOLIO
TABLE 105. GROUP1 AUTOMOTIVE INC.: KEY STRATEGIES
TABLE 106. HENDRICK AUTOMOTIVE GROUP: KEY EXECUTIVES
TABLE 107. HENDRICK AUTOMOTIVE GROUP: COMPANY SNAPSHOT
TABLE 108. HENDRICK AUTOMOTIVE GROUP: PRODUCT SEGMENTS
TABLE 109. HENDRICK AUTOMOTIVE GROUP: PRODUCT PORTFOLIO
TABLE 110. HENDRICK AUTOMOTIVE GROUP: KEY STRATEGIES
TABLE 111. LITHIA MOTORS, INC.: KEY EXECUTIVES
TABLE 112. LITHIA MOTORS, INC.: COMPANY SNAPSHOT
TABLE 113. LITHIA MOTORS, INC.: PRODUCT SEGMENTS
TABLE 114. LITHIA MOTORS, INC.: PRODUCT PORTFOLIO
TABLE 115. LITHIA MOTORS, INC.: KEY STRATEGIES
TABLE 116. MAHINDRA FIRST CHOICE: KEY EXECUTIVES
TABLE 117. MAHINDRA FIRST CHOICE: COMPANY SNAPSHOT
TABLE 118. MAHINDRA FIRST CHOICE: PRODUCT SEGMENTS
TABLE 119. MAHINDRA FIRST CHOICE: PRODUCT PORTFOLIO
TABLE 120. MAHINDRA FIRST CHOICE: KEY STRATEGIES
TABLE 121. TRUECAR, INC.: KEY EXECUTIVES
TABLE 122. TRUECAR, INC.: COMPANY SNAPSHOT
TABLE 123. TRUECAR, INC.: PRODUCT SEGMENTS
TABLE 124. TRUECAR, INC.: PRODUCT PORTFOLIO
TABLE 125. TRUECAR, INC.: KEY STRATEGIES
List of Figures
FIGURE 01. USED CARS MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF USED CARS MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN USED CARS MARKET (2022-2031)
FIGURE 04. MODERATE TO HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 05. LOW TO MODERATE BARGAINING POWER OF BUYERS
FIGURE 06. LOW TO MODERATE THREAT OF SUBSTITUTES
FIGURE 07. MODERATE THREAT OF NEW ENTRANTS
FIGURE 08. LOW TO MODERATE INTENSITY OF RIVALRY
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALUSED CARS MARKET
FIGURE 10. USED CARS MARKET, BY VEHICLE TYPE, 2021(%)
FIGURE 11. COMPARATIVE SHARE ANALYSIS OF USED CARS MARKET FOR HATCHBACK, BY COUNTRY 2021 AND 2031(%)
FIGURE 12. COMPARATIVE SHARE ANALYSIS OF USED CARS MARKET FOR SEDAN, BY COUNTRY 2021 AND 2031(%)
FIGURE 13. COMPARATIVE SHARE ANALYSIS OF USED CARS MARKET FOR SUV, BY COUNTRY 2021 AND 2031(%)
FIGURE 14. USED CARS MARKET, BY PROPULSION, 2021(%)
FIGURE 15. COMPARATIVE SHARE ANALYSIS OF USED CARS MARKET FOR ICE, BY COUNTRY 2021 AND 2031(%)
FIGURE 16. COMPARATIVE SHARE ANALYSIS OF USED CARS MARKET FOR ELECTRIC AND HYBRID, BY COUNTRY 2021 AND 2031(%)
FIGURE 17. USED CARS MARKET, BY DISTRIBUTION CHANNEL, 2021(%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF USED CARS MARKET FOR FRANCHISED DEALER, BY COUNTRY 2021 AND 2031(%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF USED CARS MARKET FOR INDEPENDENT DEALER, BY COUNTRY 2021 AND 2031(%)
FIGURE 20. COMPARATIVE SHARE ANALYSIS OF USED CARS MARKET FOR PEER-TO-PEER, BY COUNTRY 2021 AND 2031(%)
FIGURE 21. USED CARS MARKET BY REGION, 2021
FIGURE 22. U.S. USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 23. CANADA USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 24. MEXICO USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 25. UK USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 26. GERMANY USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 27. FRANCE USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 28. ITALY USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 29. REST OF EUROPE USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 30. CHINA USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 31. JAPAN USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 32. INDIA USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 33. SOUTH KOREA USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 34. REST OF ASIA-PACIFIC USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 35. LATIN AMERICA USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 36. MIDDLE EAST USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 37. AFRICA USED CARS MARKET, 2021-2031 ($BILLION)
FIGURE 38. TOP WINNING STRATEGIES, BY YEAR
FIGURE 39. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 40. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 41. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 42. COMPETITIVE DASHBOARD
FIGURE 43. COMPETITIVE HEATMAP: USED CARS MARKET
FIGURE 44. TOP PLAYER POSITIONING, 2021
FIGURE 45. AUTONATION, INC.: NET SALES, 2020-2022 ($MILLION)
FIGURE 46. AUTONATION, INC.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 47. CARMAX INC.: NET SALES, 2020-2022 ($MILLION)
FIGURE 48. CARMAX INC.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 49. CARVANA: NET SALES, 2019-2021 ($MILLION)
FIGURE 50. CARVANA: REVENUE SHARE BY SEGMENT, 2021 (%)
FIGURE 51. GROUP1 AUTOMOTIVE INC.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 52. LITHIA MOTORS, INC.: NET SALES, 2020-2022 ($MILLION)
FIGURE 53. LITHIA MOTORS, INC.: REVENUE SHARE BY SEGMENT, 2022 (%)
FIGURE 54. TRUECAR, INC.: NET SALES, 2020-2022 ($MILLION)
FIGURE 55. TRUECAR, INC.: REVENUE SHARE BY SEGMENT, 2022 (%)

Companies Mentioned

  • CarMax Inc.
  • Lithia Motors, Inc.
  • Hendrick Automotive Group
  • Mahindra First Choice
  • TrueCar, Inc.
  • Asbury Automotive Group, Inc.
  • Carvana
  • Group1 Automotive Inc.
  • AutoNation, Inc.
  • cars24

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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