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Used Car Market in US 2025-2029

Publisher TechNavio
Published Jan 23, 2025
Length 143 Pages
SKU # INF19584526

Description

Used Car Market In US 2025-2029

The used car market in us is forecasted to grow by $ 40.2 bn during 2024-2029, accelerating at a CAGR of 4.3% % during the forecast period. The report on the used car market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by excellent value for money proposition of used cars, reducing ownership cycle of cars, and increasing technological innovations in passenger cars.

Technavio's used car market in us is segmented as below:

By Distribution Channel
  • 3P channel sales
  • OEM channel sales
By Product
  • Mid size
  • Full size
  • Compact size
By Geographical Landscape
  • North America
This study identifies the increased penetration of websites dedicated to selling used cars as one of the prime reasons driving the used car market in us growth during the next few years. Also, vending machine platform for dispensing used cars and improved touchpoint management will lead to sizable demand in the market.

The report on the used car market in us covers the following areas:
  • Used Car Market in US sizing
  • Used Car Market in US forecast
  • Used Car Market in US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading used car market in us vendors that include Asbury Automotive Group Inc., AutoNation Inc., CarMax Inc., Carvana Co., General Motors Co., Group 1 Automotive Inc., Hendrick Automotive Group, Hertz Global Holdings Inc., Lithia Motors Inc., Penske Automotive Group Inc., Sonic Automotive Inc., and Vroom Inc.. Also, the used car market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

143 Pages
    • Market overview
    • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
    • Criticality of inputs and Factors of differentiation
    • Factors of disruption
    • Impact of drivers and challenges
    • Market ecosystem
    • Market characteristics
    • Value chain analysis
    • Market definition
    • Market segment analysis
    • Market size 2024
    • Market outlook: Forecast for 2024-2029
    • Used Car Market in US 2019 - 2023
    • Distribution Channel segment analysis 2019 - 2023
    • Product segment analysis 2019 - 2023
    • The AI impact on global used car market in US
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
    • Market segments
    • Comparison by Distribution Channel
    • OEM channel sales - Market size and forecast 2024-2029
    • Market opportunity by Distribution Channel
    • Market segments
    • Comparison by Product
    • Mid size - Market size and forecast 2024-2029
    • Full size - Market size and forecast 2024-2029
    • Compact size - Market size and forecast 2024-2029
    • Market opportunity by Product
    • Customer landscape overview
    • Market drivers
    • Market challenges
    • Impact of drivers and challenges
    • Market opportunities/restraints
    • Overview
    • Competitive Landscape
    • Landscape disruption
    • Industry risks
    • Companies profiled
    • Company ranking index
    • Market positioning of companies
    • Asbury Automotive Group Inc.
    • AutoNation Inc.
    • CarMax Inc.
    • Carvana Co.
    • General Motors Co.
    • Group 1 Automotive Inc.
    • Hendrick Automotive Group
    • Hertz Global Holdings Inc.
    • Lithia Motors Inc.
    • Penske Automotive Group Inc.
    • Sonic Automotive Inc.
    • Vroom Inc.
    • Scope of the report
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • Data procurement
    • Data validation
    • Validation techniques employed for market sizing
    • Data synthesis
    • List of abbreviations

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