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United States Used Car Market Size & Volume by Types, and Forecast Report (2020-2026)

(, November 26, 2020 ) The demand for used cars is high among consumers in the United States; this is due to favourable policies and changing consumer behaviour. United States consumers have become more comfortable in buying a used car due to rising car inventories. The growth in the number of franchised and independent car dealer with a better deal and competitive price for cars is also attracting Used Car Market in the United States. According to Renub Research analysis, United States Used Car Market is forecasted to be more than US$ 885 Billion by the end of the year 2026.

Companies like Penske Automotive, CarMax, Asbury Automotive Group and AutoNation are attracting used car consumer with aggressive advertisements, dedicated websites, lucrative offers and additional facilities. All these growth factors are propelling Used Car Market in the United States.

COVID-19 is boosting Used Car Market in the United States

The used car market has been boosted from COVID-19 as people are avoiding mass transportation such as buses, trains and even taxi services. Most of the consumers are buying used cars due to sudden economic crisis created by this pandemic and saving money in an uncertain economy is the priority. The difference between the prices of the used car versus the new car plays the most significant role in this market.

Renub Research report titled “United States Used Car Market by Types (Passenger Car, Light Commercial Vehicle, Heavy Commercial Vehicle), Market & Volume by Size (Mid - Size Car, Small Size Car, Luxury Car), Market of Vehicle by Age (0- 3 Year, 4 - 8 Year, 9-10 Year, > 10 Year), Market & Volume by Distribution Channels (Franchised, Independent Car Dealers and Others), Market & Volume by Region (South East US, South West US, North East US, Mid West US and West US), Company Analysis (Penske Automotive Group Inc, CarMax Inc, Asbury Automotive Group Inc, AutoNation Inc, Inc, EBay Inc, and Alibaba Group Holding Ltd)” provides a complete analysis of United States Used Car Market.

Request a free Sample copy of the report:

Type – United States Used Car Market

• Passenger Car
• Light Commercial Vehicle
• Heavy Commercial Vehicle

Size – United States Used Car Market and Volume

• Mid - Size Car
• Small Size Car
• Luxury Car

Vehicle Age – United States Used Car Market

• 0 - 3 Year Old
• 4 - 8 Year Old
• 9 - 10 Year Old
• > 10 Year Old

Distribution Channels – United States Used Car Market and Volume

• Franchised
• Independent Car Dealers
• Others

Region – United States Used Car Market and Volume

• South East US
• South West US
• North East US
• Mid West US
• West US

Company Analysis provided in the Research Report

• Penske Automotive Group Inc
• CarMax Inc
• Asbury Automotive Group Inc
• AutoNation Inc
• Inc
• EBay Inc
• Alibaba Group Holding Ltd

Industry Related Opportunity:

China Used Car Market:

Global Electric Bus Market:

About Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises of major players in Life Sciences, Information Technology, Telecom, Financial Services (Banking, Insurance), Energy, Retail, Manufacturing, Automotive, Transportation & Shipping, and Social sector. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Contact Us:
Renub Research
Phone No: +1 678-302-0700 (USA) | +91-120-421-9822 (IND)
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Renub Research

Rajat Gupta

Market Research, Bus

Source: EmailWire.Com

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