US Used Car Market, By Vehicle Type (Small Cars, Mis-size Cars and Luxury Cars), By Sector (Organized Vs. Semi-Organized/Unorganized), By Fuel Type (Petrol, Diesel and CNG), Competition, Forecast & Opportunities, 2024

September 2019 | 79 pages | ID: U76AAAFAC023EN
TechSci Research

Abstracts

US used car market is expected to register growth during the forecast period, on account of increasing proliferation of websites selling used cars, discounted after-sales services or insurance offered by used car sellers, and high rate of interest and high prices of new vehicles in the country. In 2018, number of new vehicles sold in the United States was 17.27 million, while the number was double for used vehicles in the country with 39.4 million units in the reported year.

The market can be further segmented into vehicle type, sector, fuel type and region. Based on vehicle type, the market can be separated into small cars, mid-size cars and luxury cars. Mid-size cars and small cars are the most growing segments in the market. On account of increasing demand for mid-size cars comprising SUVs, sedans and crossovers, the segment is likely to register significant growth during the forecast period.

In terms of regional analysis, the market can be segmented into West, Midwest, North East, South West and South East. Owing to increasing demand for vehicles and presence of local players, South East region is expected to witness growth in the country’s used car market in coming years. Moreover, less registration fees and less insurance price are reason to positively influence the demand for used cars in the US.

Major players operating in the country’s used car market include, Honda, Ford, Toyota, Chevrolet, Nissan, among others. most of the companies are developing advanced technologies and producing new products in order to compete in competitive market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

• Historical Years: 2014-2017
• Base Year: 2018
• Estimated Year: 2019
• Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast US used car market size.
• To classify and forecast US used car market based on vehicle type, sector, fuel type and regional distribution.
• To identify drivers and challenges for US used car market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in US used car market.
• To conduct the pricing analysis for US used car market.
• To identify and analyze the profile of leading players operating in US used car market.

TechSci Research does both primary as well as exhaustive secondary research for this study. Initially, TechSci Research derived a list of used car sellers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the used car sellers that are not being identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and availability of all major used car providers across the country.

TechSci Research computed US used car market size by using a bottom-up approach, where data for different end-user segments was recorded and forecast for the future years. TechSci Research derived these values from the industry experts and company representatives and externally validated through analyzing previous data of these product types and applications for getting an exact, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Car Manufacturers
• Car Component Manufacturers
• Traders, Distributors, and Suppliers
• Research organizations and consulting companies
• Government bodies such as regulating authorities and policy makers
• Organizations, forums and alliances related to used car market

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as used car providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, US used car market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by Vehicle Type:
• Small Cars
• Mid-Size Cars
• Luxury Cars
• Market, by Sector:
• Organized
• Unorganized
• Market, by Fuel Type:
• Petrol
• Diesel
• CNG
• Market, by Region:
• South East
• South West
• West
• North East
• Midwest

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in US used car market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Contents

1. PRODUCT OVERVIEW

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. VOICE OF CUSTOMER

5. US USED CAR MARKET OUTLOOK

5.1. Market Size & Forecast
  5.1.1. By Value
  5.1.2. By Volume
5.2. Market Share & Forecast
  5.2.1. By Vehicle Type (Small Cars, Mid-Size Cars & Luxury Cars)
  5.2.2. By Sector (Organized Vs. Semi-Organized/Unorganized)
  5.2.3. By Fuel Type (Petrol, Diesel & CNG)
  5.2.4. By Company (2018)
  5.2.5. By Region
5.3. Market Attractiveness Index

6. US MID-SIZE USED CAR MARKET OUTLOOK

6.1. Market Size & Forecast
  6.1.1. By Value
  6.1.2. By Volume
6.2. Market Share & Forecast
  6.2.1. By Sector (Organized Vs. Semi-Organized/Unorganized)
  6.2.2. By Fuel Type (Petrol, Diesel & CNG)
6.3. Market Attractiveness Index

7. US SMALL USED CAR MARKET OUTLOOK

7.1. Market Size & Forecast
  7.1.1. By Value
  7.1.2. By Volume
7.2. Market Share & Forecast
  7.2.1. By Sector (Organized Vs. Semi-Organized/Unorganized)
  7.2.2. By Fuel Type (Petrol, Diesel & CNG)
7.3. Market Attractiveness Index

8. US LUXURY USED CAR MARKET OUTLOOK

8.1. Market Size & Forecast
  8.1.1. By Value
  8.1.2. By Volume
8.2. Market Share & Forecast
  8.2.1. By Sector (Organized Vs. Semi-Organized/Unorganized)
  8.2.2. By Fuel Type (Petrol, Diesel & CNG)
8.3. Market Attractiveness Index

9. MARKET DYNAMICS

9.1. Drivers
9.2. Challenges

10. MARKET TRENDS & DEVELOPMENTS

11. SWOT ANALYSIS

12. POLICY & REGULATORY LANDSCAPE

13. US ECONOMIC PROFILE

14. COMPETITIVE LANDSCAPE

14.1. Competition Outlook
14.2. Company Profiles
14.3. Honda
14.4. Ford
14.5. Toyota
14.6. Chevrolet
14.7. Nissan
14.8. Others

15. STRATEGIC RECOMMENDATIONS

(Note: The companies list can be customized based on the client requirements)

List Of Figures

LIST OF FIGURES

Figure 1: US Used Car Market - Factors Influencing Purchase Decision (N=75)
Figure 2: US Used Car Market – Influencer of Purchase Decision (N=75)
Figure 3: US Used Car Market - Brand Satisfaction Level, By Customer Assistance (N=75)
Figure 4: US Used Car Market – Challenges and Unmet Needs (N=75)
Figure 5: US Used Car Market – Brand Satisfaction Level, By Discounts (N=75)
Figure 6: US Used Car Market Size, By Value (USD Million), By Volume (Million Unit), 2014-2024F
Figure 7: US Used Car Market Share, By Vehicle Type, By Volume, 2014 & 2024F
Figure 8: US Used Car Market Share, By Sector, By Volume, 2014 - 2024F
Figure 9: US Used Car Market Share, By Fuel Type, By Volume, 2014 - 2024F
Figure 10: US Used Car Market Share, By Company 2018
Figure 11: US Used Car Market Share, By Region 2018
Figure 12: US Mid-Size Used Car Market Size, By Value (USD Billion), By Volume (Thousand Units), 2014-2024F
Figure 13: US Mid-Size Used Car Market Share, By Sector Type, By Volume, 2014 - 2024F
Figure 14: US Mid-Size Used Car Market Share By Fuel Type, By Volume, 2014 - 2024F

Figure 15: US Small Used Car Market Size, By Value (USD Billion), By Volume (Thousand Units), 2014-2024F

Figure 16: US Small Used Car Market Share, By Sector Type, By Volume, 2014 - 2024F
Figure 17: US Small Used Car Market share, By Fuel Type, By Volume, 2014-2024F
Figure 18: US Luxury Used Car Market Size, By Value (USD Billion), By Volume (Thousand Units), 2012-2022F
Figure 19: US Luxury Used Car Market Share, By Sector Type, By Volume, 2014 - 2024F
Figure 20: US Luxury Used Car Market Share, By Fuel Type, By Volume, 2014 - 2024F


COMPANIES MENTIONED

1.Honda
2.Ford
3.Toyota
4.Chevrolet
5.Nissan
6.BMW
7.Mercedes Benz
8.Lexus
9. Dodge
10. Audi