The global used car market is expected to grow at a CAGR of 5.09% during the period 2018-2022.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is the growing demand for car subscription services. The services are an alternative to owing or leasing a vehicle. These services allow consumers to use a car for an all-inclusive monthly fee, which includes roadside assistance, insurance, and maintenance.
According to the report, one of the major drivers for this market is the increasing number of new models of cars launched due to high competition. OEMs are launching cars that have advanced features at competitive pricing to increase their market share and keep pace with the competition. Such increasing number of new models of cars is expected to pave the way for the availability and sales of used cars in the market.
Further, the report states that one of the major factors hindering the growth of this market is the increasing demand for car-sharing services. The rising preferences for low-cost alternatives of personal mobility has led to a decline in car ownership. Consumers also delay their decision of owning a car considering the fuel prices.
- Alibaba Group
- Autotrader (Cox Automotive)
- PenskeCars (Penske Automotive Group)
Key Topics Covered
1. Executive Summary
2. Scope of the Report
3. Research Methodology
4. Market Landscape
5. Market Sizing
6. Five Forces Analysis
7. Market Segmentation by Product
8. Customer Landscape
9. Regional Landscape
10. Decision Framework
11. Drivers and Challenges
12. Market Trends
13. Vendor Landscape
14. Vendor Analysis
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