used car market in the us 2015-2019
TRANSCRIPT
Covered in this Report• This report covers the present scenario and the growth
prospects of the used car market in the US for the period 2015-2019.
• To calculate the market size, it considers the average price of used cars in the US.
• The report considers the market size in terms of both revenue and units, but only for passenger vehicles.
• The report presents the vendor landscape and a corresponding detailed analysis of the leading vendors in the market.
• The report discusses the major drivers that influence the growth of the market.
Used Car Market in the US 2015-2019
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Market Overview• Used cars are increasingly becoming an
alternative for new vehicles due to increase in consumer interest and popularity of certified programs.
• The used car market in the US comprises micro cars, economy cars, luxury cars, specialty cars, minivans, SUVs, pickup trucks, and commercial vans.
• The vendors in the used car market offer a range of automotive products and services, such as new and used vehicles, automotive finance, repair services, and insurance.
• Technavio's analysts forecast the used car market in the US to grow at a CAGR of 6.95 percent, in terms of revenue, during the period 2014-2019.
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Key Vendors and Regions
• AutoNation
• CarMax
• Penske Automotive Group
• Sonic Automotive
• Asbury Automotive Group
• Auction Direct USA
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• US
Vendors Regions
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Key Findings
• There has been strong growth in online retail channels and classifieds for automotive sales.
• The online classifieds have replaced print media as the main channel for advertising used cars.
• Nowadays customers in the US tend to prefer making their used car purchases online.
• Dealers also have to have up-to-date sales processes to meet customer demands.
• With the increasing number of online retail sales options, dealers have to engage in advanced CRM such as intelligent product suggestions and ensure the seamless integration of their online and offline business so as to capture that segment of the market that prefers to make purchases online.
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Key Questions Answered in Our Report
• What will the market size be in 2019 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
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Used Car Market in the US 2015-2019
67 Pages | SKU: IRTNTR5933
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