Rising e-commerce platforms of used car players, lack of original manufacturing facilities and shortage of semiconductor chip in the automobile industry is driving the Used Car Market in USA: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The development of technology and internet have provided all information to the consumers regarding vehicle value, market prices, profit margin of seller, quality of car and more, thereby making market more competitive than before. Rising in Supply: Factors like fast growing disposable income, rising demand for premium cars, shorter period of car ownership, and increasing preference of the owner are driving Used Car sales. Growth is further supported by manufacturer’s investments in expanding the network of used cars dealers, building the brand and enabling customers to choose from various options. Diffusion of Digital: Online platforms are giving buyers & seller’s new ways to interact online & facilitate the buying decision by offering a plethora of options and focusing on user browsing experience. Further, with dealerships offering warranty and service support, the used car market is now a reliable and trust-worthy option for first-time buyers which leads to good customer retention. Online providers are beginning to dilute traditional used-car dealers’ positions and rise growth by empowering digitally savvy customers via complete end-to-end purchasing capabilities, extensive vehicle data and photos, along with effective search tools and unique delivery options. Growing Need for Personal Mobility: There has been a decrease in dependency on public transport due to the rising population. The pandemic has changed public preference towards traveling in personal vehicle where people belonging to low-income group are also shifting from public transport to purchasing a personal second-hand affordable car. The change in the trend if personal mobility is a driving force to the market. Market Challenges: The USA Used Car Market is challenged with high maintenance cost of used cars. A new car requires no maintenance for at least 6 months of purchase as there are free services which is not the same case in used cars. Though the depreciation of new cars is higher, a used car offers disadvantage, hindering the market growth. Another major challenge is the lack of regulatory measures which are required to maintain the quality of the global used car market. Analysts at Ken Research in their latest publication “USA Used Car Market Outlook to 2026F– Driven by an influx of digital players along with consumer demand for personal mobility and affordable pricing” by Ken Research observed that Used Car Market in USA is growing at a robust CAGR more than 40k Used cars being sold as a result of increased market supply along with a shift towards organized and transparent trade. The availability of financing options, online presence of new emergent players and increasing digital penetration is expected to contribute to the market growth over the forecast period. The USA Used Car Market is expected to grow at a CAGR of 7.4% in revenue terms over the forecasted period 2021-2026F. USA Used Car Key Segmentation Covered:- By Market Structure Organized Sector Unorganized Sector Organized Sector Multi-Brand Non-Franchise Online e-Commerce Local Dealers OEM Certified Unorganized Sector C2C Transactions Auction (B2C) Local Dealerships By Type of Car SUV Pickup Truck Hatchback Sedan Luxury Others By Type of Transmission Manual Transmission Automatic Transmission By Type of Fuel Petrol Diesel Others By Private or Commercial Private Commercial By Miles Driven 20,000- 45,000 Miles 45,000-100,000 Miles 100,000-200,000 Miles Above 200,000 Miles By Age of the Car 0-2 Years 2-5 Years 5-10 Years More than 10 Years By Region-wise Dealerships South West Mid-West North East By Brand Toyota GM Ford Stellantis Hyundai-Kia Honda Nissan Volkswagen Others Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTg4ODY0 Key Target Audience:- Used Car Companies OEMs Multi-Brands Online Used Car Portals Used Car Financing Companies Government Bodies Investors & Venture Capital Firms Used Car Dealerships Used Car Industry Used Car Manufacturing Companies Used Car Distributors Used Car Auction Houses Used Car Associations Time Period Captured in the Report:- Historical Year: 2016-2020 Base Year: 2021 Forecast Period: 2022–2026F Companies Covered: Major Franchised- Multi-Brands EnterPrise Car Sales Penske Automotive Group Inc. Hertz Car Sales North West Motor Sport Asbury Automotive AutoNation Inc. STG Auto Group Group 1 Automotive Inc CarSoup Sonic Automotive – Echopark Avis Budget Car Sales Major Marketplace Companies Cars.com TrueCar CarGurus Major Auction Market Players Manheim Greater Rockford Auction Group ServNet Copart Inc. McConkey Auction KAR Auction Services ACV Auctions Auto Auction Mall Major Online E-Commerce Platform CarMax Carvana Vroom Shift Technologies For more information on the research report, refer to below link:- USA Used Car Industry Related Reports:- Australia Used Car Market Outlook to 2026F – Driven by the consumer shift to online platforms and supply chain issues for new vehicles with an increasing trend of upgrading vehicles Egypt Used Car Market Outlook To 2026 – Driven By Shift In Consumer Demand Along With Growth Of Online Used Car Platforms And Availability Of Financing Options Philippines Used Car Market Outlook To 2026 (Third Edition): Driven By The Pandemic Incited New Opportunities For Used Car Dealers And Increased Penetration In The Online Space For Used Car Transactions Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: Competition in USA Used Car Companies, Ford Used Car Sales, Growth Of Used Car Sales USA, Hyundai Used Car Sales, Kia Used Car Sales, Luxury Used Car USA, Major Investors in US Used Car Market, Nissan Used Car Sales, Number of Used Car Sales In USA, Number of Used Cars Sold In US, Online Used Car Classified USA, Pre-Owned Cars Market in USA, Sedan Used Car Sale USA, SUVs Used Car USA, Top Online Auto-Classifieds USA, USA Passenger Car Market, USA Second Hand Car Market, USA Top Used Car Dealers, USA Used Car Market, USA Used Car market Competition, USA Used Hatchback Car Market, USA Used Luxury Car Market, USA Used Pickup Truck Car Market, USA Used Sedan Car Market, USA Used SUV Car Market, USA Used Vehicle Market, Used Car Dealerships in USA, Used Car Financing USA, Used Car Market In West USA, Used Cars Financing in USA, Used Passenger Vehicles USA