Used Car Market in Us 2024-2028

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	133 Pages	TechNavio	August, 2024	INF19178721

Best Price Guarantee
Price	from $2,500
Length	133 Pages
Publisher	TechNavio
Published Date	August, 2024
SKU	INF19178721

Used Car Market in Us 2024-2028

Global Used Car Market In US 2024-2028

The used car market in us is forecasted to grow by USD 41.9 bn during 2023-2028, accelerating at a CAGR of 4.6% 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

Third-party 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 research - both primary and secondary. 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 the accurate market growth.

1 Executive Summary: 1.1 Market overview; Executive Summary - Chart on Market Overview; Executive Summary - Data Table on Market Overview; Executive Summary - Chart on Country Market Characteristics; Executive Summary - Chart on Market Segmentation by Distribution Channel; Executive Summary - Chart on Market Segmentation by Product; Executive Summary - Chart on Company Market Positioning
2 Market Landscape: 2.1 Market ecosystem; Parent Market; Data Table on - Parent Market; 2.2 Market characteristics; Market characteristics analysis; 2.3 Value chain analysis; Value Chain Analysis
3 Market Sizing: 3.1 Market definition; Offerings of companies included in the market definition; 3.2 Market segment analysis; Market segments; 3.3 Market size 2023; 3.4 Market outlook: Forecast for 2023-2028; Chart on US - Market size and forecast 2023-2028 ($ billion); Data Table on US - Market size and forecast 2023-2028 ($ billion); Chart on US: Year-over-year growth 2023-2028 (%); Data Table on US: Year-over-year growth 2023-2028 (%)
4 Historic Market Size: 4.1 Used Car Market in US 2018 - 2022; Historic Market Size - Data Table on Used Car Market in US 2018 - 2022 ($ billion); 4.2 Distribution Channel segment analysis 2018 - 2022; Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion); 4.3 Product segment analysis 2018 - 2022; Historic Market Size - Product Segment 2018 - 2022 ($ billion)
5 Five Forces Analysis: 5.1 Five forces summary; Five forces analysis - Comparison between 2023 and 2028; 5.2 Bargaining power of buyers; Bargaining power of buyers - Impact of key factors 2023 and 2028; 5.3 Bargaining power of suppliers; Bargaining power of suppliers - Impact of key factors in 2023 and 2028; 5.4 Threat of new entrants; Threat of new entrants - Impact of key factors in 2023 and 2028; 5.5 Threat of substitutes; Threat of substitutes - Impact of key factors in 2023 and 2028; 5.6 Threat of rivalry; Threat of rivalry - Impact of key factors in 2023 and 2028; 5.7 Market condition; Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Distribution Channel: 6.1 Market segments; Chart on Distribution Channel - Market share 2023-2028 (%); Data Table on Distribution Channel - Market share 2023-2028 (%); 6.2 Comparison by Distribution Channel; Chart on Comparison by Distribution Channel; Data Table on Comparison by Distribution Channel; 6.3 Third-party channel sales - Market size and forecast 2023-2028; Chart on Third-party channel sales - Market size and forecast 2023-2028 ($ billion); Data Table on Third-party channel sales - Market size and forecast 2023-2028 ($ billion); Chart on Third-party channel sales - Year-over-year growth 2023-2028 (%); Data Table on Third-party channel sales - Year-over-year growth 2023-2028 (%); 6.4 OEM channel sales - Market size and forecast 2023-2028; Chart on OEM channel sales - Market size and forecast 2023-2028 ($ billion); Data Table on OEM channel sales - Market size and forecast 2023-2028 ($ billion); Chart on OEM channel sales - Year-over-year growth 2023-2028 (%); Data Table on OEM channel sales - Year-over-year growth 2023-2028 (%); 6.5 Market opportunity by Distribution Channel; Market opportunity by Distribution Channel ($ billion); Data Table on Market opportunity by Distribution Channel ($ billion)
7 Market Segmentation by Product: 7.1 Market segments; Chart on Product - Market share 2023-2028 (%); Data Table on Product - Market share 2023-2028 (%); 7.2 Comparison by Product; Chart on Comparison by Product; Data Table on Comparison by Product; 7.3 Mid size - Market size and forecast 2023-2028; Chart on Mid size - Market size and forecast 2023-2028 ($ billion); Data Table on Mid size - Market size and forecast 2023-2028 ($ billion); Chart on Mid size - Year-over-year growth 2023-2028 (%); Data Table on Mid size - Year-over-year growth 2023-2028 (%); 7.4 Full size - Market size and forecast 2023-2028; Chart on Full size - Market size and forecast 2023-2028 ($ billion); Data Table on Full size - Market size and forecast 2023-2028 ($ billion); Chart on Full size - Year-over-year growth 2023-2028 (%); Data Table on Full size - Year-over-year growth 2023-2028 (%); 7.5 Compact size - Market size and forecast 2023-2028; Chart on Compact size - Market size and forecast 2023-2028 ($ billion); Data Table on Compact size - Market size and forecast 2023-2028 ($ billion); Chart on Compact size - Year-over-year growth 2023-2028 (%); Data Table on Compact size - Year-over-year growth 2023-2028 (%); 7.6 Market opportunity by Product; Market opportunity by Product ($ billion); Data Table on Market opportunity by Product ($ billion)
8 Customer Landscape: 8.1 Customer landscape overview; Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Drivers, Challenges, and Opportunity/Restraints: 9.1 Market drivers; 9.2 Market challenges; 9.3 Impact of drivers and challenges; Impact of drivers and challenges in 2023 and 2028; 9.4 Market opportunities/restraints
10 Competitive Landscape: 10.1 Overview; 10.2 Competitive Landscape; Overview on criticality of inputs and factors of differentiation; 10.3 Landscape disruption; Overview on factors of disruption; 10.4 Industry risks; Impact of key risks on business
11 Competitive Analysis: 11.1 Companies profiled; Companies covered; 11.2 Market positioning of companies; Matrix on companies position and classification; 11.3 Asbury Automotive Group Inc.; Asbury Automotive Group Inc. - Overview; Asbury Automotive Group Inc. - Business segments; Asbury Automotive Group Inc. - Key offerings; Asbury Automotive Group Inc. - Segment focus; 11.4 AutoNation Inc.; AutoNation Inc. - Overview; AutoNation Inc. - Business segments; AutoNation Inc. - Key offerings; AutoNation Inc. - Segment focus; 11.5 CarMax Inc.; CarMax Inc. - Overview; CarMax Inc. - Business segments; CarMax Inc. - Key offerings; CarMax Inc. - Segment focus; 11.6 Carvana Co.; Carvana Co. - Overview; Carvana Co. - Product / Service; Carvana Co. - Key news; Carvana Co. - Key offerings; 11.7 General Motors Co.; General Motors Co. - Overview; General Motors Co. - Business segments; General Motors Co. - Key news; General Motors Co. - Key offerings; General Motors Co. - Segment focus; 11.8 Group 1 Automotive Inc.; Group 1 Automotive Inc. - Overview; Group 1 Automotive Inc. - Business segments; Group 1 Automotive Inc. - Key offerings; Group 1 Automotive Inc. - Segment focus; 11.9 Hendrick Automotive Group; Hendrick Automotive Group - Overview; Hendrick Automotive Group - Product / Service; Hendrick Automotive Group - Key offerings; 11.10 Hertz Global Holdings Inc.; Hertz Global Holdings Inc. - Overview; Hertz Global Holdings Inc. - Business segments; Hertz Global Holdings Inc. - Key news; Hertz Global Holdings Inc. - Key offerings; Hertz Global Holdings Inc. - Segment focus; 11.11 Lithia Motors Inc.; Lithia Motors Inc. - Overview; Lithia Motors Inc. - Business segments; Lithia Motors Inc. - Key offerings; Lithia Motors Inc. - Segment focus; 11.12 Penske Automotive Group Inc.; Penske Automotive Group Inc. - Overview; Penske Automotive Group Inc. - Business segments; Penske Automotive Group Inc. - Key news; Penske Automotive Group Inc. - Key offerings; Penske Automotive Group Inc. - Segment focus; 11.13 Sonic Automotive Inc.; Sonic Automotive Inc. - Overview; Sonic Automotive Inc. - Business segments; Sonic Automotive Inc. - Key offerings; Sonic Automotive Inc. - Segment focus; 11.14 Vroom Inc.; Vroom Inc. - Overview; Vroom Inc. - Business segments; Vroom Inc. - Key offerings; Vroom Inc. - Segment focus
12 Appendix: 12.1 Scope of the report; 12.2 Inclusions and exclusions checklist; Inclusions checklist; Exclusions checklist; 12.3 Currency conversion rates for US$; Currency conversion rates for US$; 12.4 Research methodology; Research methodology; 12.5 Data procurement; Information sources; 12.6 Data validation; Data validation; 12.7 Validation techniques employed for market sizing; Validation techniques employed for market sizing; 12.8 Data synthesis; Data synthesis; 12.9 360 degree market analysis; 360 degree market analysis; 12.10 List of abbreviations; List of abbreviations
Exhibits:: Exhibits1: Executive Summary - Chart on Market Overview; Exhibits2: Executive Summary - Data Table on Market Overview; Exhibits3: Executive Summary - Chart on Country Market Characteristics; Exhibits4: Executive Summary - Chart on Market Segmentation by Distribution Channel; Exhibits5: Executive Summary - Chart on Market Segmentation by Product; Exhibits6: Executive Summary - Chart on Company Market Positioning; Exhibits7: Parent Market; Exhibits8: Data Table on - Parent Market; Exhibits9: Market characteristics analysis; Exhibits10: Value Chain Analysis; Exhibits11: Offerings of companies included in the market definition; Exhibits12: Market segments; Exhibits13: Chart on US - Market size and forecast 2023-2028 ($ billion); Exhibits14: Data Table on US - Market size and forecast 2023-2028 ($ billion); Exhibits15: Chart on US: Year-over-year growth 2023-2028 (%); Exhibits16: Data Table on US: Year-over-year growth 2023-2028 (%); Exhibits17: Historic Market Size - Data Table on Used Car Market in US 2018 - 2022 ($ billion); Exhibits18: Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ billion); Exhibits19: Historic Market Size - Product Segment 2018 - 2022 ($ billion); Exhibits20: Five forces analysis - Comparison between 2023 and 2028; Exhibits21: Bargaining power of buyers - Impact of key factors 2023 and 2028; Exhibits22: Bargaining power of suppliers - Impact of key factors in 2023 and 2028; Exhibits23: Threat of new entrants - Impact of key factors in 2023 and 2028; Exhibits24: Threat of substitutes - Impact of key factors in 2023 and 2028; Exhibits25: Threat of rivalry - Impact of key factors in 2023 and 2028; Exhibits26: Chart on Market condition - Five forces 2023 and 2028; Exhibits27: Chart on Distribution Channel - Market share 2023-2028 (%); Exhibits28: Data Table on Distribution Channel - Market share 2023-2028 (%); Exhibits29: Chart on Comparison by Distribution Channel; Exhibits30: Data Table on Comparison by Distribution Channel; Exhibits31: Chart on Third-party channel sales - Market size and forecast 2023-2028 ($ billion); Exhibits32: Data Table on Third-party channel sales - Market size and forecast 2023-2028 ($ billion); Exhibits33: Chart on Third-party channel sales - Year-over-year growth 2023-2028 (%); Exhibits34: Data Table on Third-party channel sales - Year-over-year growth 2023-2028 (%); Exhibits35: Chart on OEM channel sales - Market size and forecast 2023-2028 ($ billion); Exhibits36: Data Table on OEM channel sales - Market size and forecast 2023-2028 ($ billion); Exhibits37: Chart on OEM channel sales - Year-over-year growth 2023-2028 (%); Exhibits38: Data Table on OEM channel sales - Year-over-year growth 2023-2028 (%); Exhibits39: Market opportunity by Distribution Channel ($ billion); Exhibits40: Data Table on Market opportunity by Distribution Channel ($ billion); Exhibits41: Chart on Product - Market share 2023-2028 (%); Exhibits42: Data Table on Product - Market share 2023-2028 (%); Exhibits43: Chart on Comparison by Product; Exhibits44: Data Table on Comparison by Product; Exhibits45: Chart on Mid size - Market size and forecast 2023-2028 ($ billion); Exhibits46: Data Table on Mid size - Market size and forecast 2023-2028 ($ billion); Exhibits47: Chart on Mid size - Year-over-year growth 2023-2028 (%); Exhibits48: Data Table on Mid size - Year-over-year growth 2023-2028 (%); Exhibits49: Chart on Full size - Market size and forecast 2023-2028 ($ billion); Exhibits50: Data Table on Full size - Market size and forecast 2023-2028 ($ billion); Exhibits51: Chart on Full size - Year-over-year growth 2023-2028 (%); Exhibits52: Data Table on Full size - Year-over-year growth 2023-2028 (%); Exhibits53: Chart on Compact size - Market size and forecast 2023-2028 ($ billion); Exhibits54: Data Table on Compact size - Market size and forecast 2023-2028 ($ billion); Exhibits55: Chart on Compact size - Year-over-year growth 2023-2028 (%); Exhibits56: Data Table on Compact size - Year-over-year growth 2023-2028 (%); Exhibits57: Market opportunity by Product ($ billion); Exhibits58: Data Table on Market opportunity by Product ($ billion); Exhibits59: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria; Exhibits60: Impact of drivers and challenges in 2023 and 2028; Exhibits61: Overview on criticality of inputs and factors of differentiation; Exhibits62: Overview on factors of disruption; Exhibits63: Impact of key risks on business; Exhibits64: Companies covered; Exhibits65: Matrix on companies position and classification; Exhibits66: Asbury Automotive Group Inc. - Overview; Exhibits67: Asbury Automotive Group Inc. - Business segments; Exhibits68: Asbury Automotive Group Inc. - Key offerings; Exhibits69: Asbury Automotive Group Inc. - Segment focus; Exhibits70: AutoNation Inc. - Overview; Exhibits71: AutoNation Inc. - Business segments; Exhibits72: AutoNation Inc. - Key offerings; Exhibits73: AutoNation Inc. - Segment focus; Exhibits74: CarMax Inc. - Overview; Exhibits75: CarMax Inc. - Business segments; Exhibits76: CarMax Inc. - Key offerings; Exhibits77: CarMax Inc. - Segment focus; Exhibits78: Carvana Co. - Overview; Exhibits79: Carvana Co. - Product / Service; Exhibits80: Carvana Co. - Key news; Exhibits81: Carvana Co. - Key offerings; Exhibits82: General Motors Co. - Overview; Exhibits83: General Motors Co. - Business segments; Exhibits84: General Motors Co. - Key news; Exhibits85: General Motors Co. - Key offerings; Exhibits86: General Motors Co. - Segment focus; Exhibits87: Group 1 Automotive Inc. - Overview; Exhibits88: Group 1 Automotive Inc. - Business segments; Exhibits89: Group 1 Automotive Inc. - Key offerings; Exhibits90: Group 1 Automotive Inc. - Segment focus; Exhibits91: Hendrick Automotive Group - Overview; Exhibits92: Hendrick Automotive Group - Product / Service; Exhibits93: Hendrick Automotive Group - Key offerings; Exhibits94: Hertz Global Holdings Inc. - Overview; Exhibits95: Hertz Global Holdings Inc. - Business segments; Exhibits96: Hertz Global Holdings Inc. - Key news; Exhibits97: Hertz Global Holdings Inc. - Key offerings; Exhibits98: Hertz Global Holdings Inc. - Segment focus; Exhibits99: Lithia Motors Inc. - Overview; Exhibits100: Lithia Motors Inc. - Business segments; Exhibits101: Lithia Motors Inc. - Key offerings; Exhibits102: Lithia Motors Inc. - Segment focus; Exhibits103: Penske Automotive Group Inc. - Overview; Exhibits104: Penske Automotive Group Inc. - Business segments; Exhibits105: Penske Automotive Group Inc. - Key news; Exhibits106: Penske Automotive Group Inc. - Key offerings; Exhibits107: Penske Automotive Group Inc. - Segment focus; Exhibits108: Sonic Automotive Inc. - Overview; Exhibits109: Sonic Automotive Inc. - Business segments; Exhibits110: Sonic Automotive Inc. - Key offerings; Exhibits111: Sonic Automotive Inc. - Segment focus; Exhibits112: Vroom Inc. - Overview; Exhibits113: Vroom Inc. - Business segments; Exhibits114: Vroom Inc. - Key offerings; Exhibits115: Vroom Inc. - Segment focus; Exhibits116: Inclusions checklist; Exhibits117: Exclusions checklist; Exhibits118: Currency conversion rates for US$; Exhibits119: Research methodology; Exhibits120: Information sources; Exhibits121: Data validation; Exhibits122: Validation techniques employed for market sizing; Exhibits123: Data synthesis; Exhibits124: 360 degree market analysis; Exhibits125: List of abbreviations