Used Vehicle Market Research Report

1. Used Vehicle Market Research Report- Forecast till 2025 www.marketresearchfuture.com

2. Market Highlights: The global used vehicle market is projected to grow at 5.3% CAGR during the forecast period. The key driving factors for the growth of this market are internet penetration enabling the availability of information of the used car, rise in demand for off-lease vehicle by the franchise, car dealers, and leasing offices, stringent vehicular emissions regulations, and the growing demand for car subscription services. The lack of standardization and unorganized used car sales, higher depreciation rate of vehicle and the demand for car-sharing services, might restrain the growth of this market. However, the increase in per capita disposable income from emerging nations and the growing economy in the developing regions are the opportunities in the market. Report Sample: https://www.marketresearchfuture.com/sample_request/7616

3. Segmentation: The global used vehicle market is segmented based on vehicle age, vehicle type, propulsion, sales channel, and region. On the basis of vehicle age, the market has been segmented into 0-5, 6-10, 11-15, 15-20, and > 20 years old. On the basis of vehicle type, the market has been segmented as passenger car, light commercial vehicle, and heavy commercial vehicle. On the basis of propulsion, the market has been segmented as internal combustion engine (ICE) and electric vehicle (EV), wherein the electric vehicle segment is further segmented as battery EV, plug-in EV, and hybrid EV. On the basis of sales channel, the segments are franchised, independent car dealers, rental car companies, and others. Browse Complete Report Details: https://www.marketresearchfuture.com/reports/used-vehicle-market-7616

4. Regional Analysis: North America is expected to grow at a significant rate in global used vehicle market during forecast period owing to the presence of key retailers, such as CarMax Business Services, LLC, Autotrader, and Cox Automotive from the US, which lead to the growth of this market. For instance, according to the report of CarMax, as of December 31, 2016, there were approximately 18,000 franchised dealers in the US, were considered primary retailers, as they sell various late-model used vehicle. Additionally, the increased demand for mid-sized engine capacity vehicle, growing spending power, the availability of suitable credit payment options, and rising employment opportunities drive the used vehicle market in North America.

5. Scope of the ReportThis study provides an overview of the global used vehicle market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global used vehicle market by vehicle age, vehicle type, propulsion, sales channel and regions.

6. Key players The vendor companies profiled in the global used vehicle market include CarMax Business Services, LLC (US), Autonation (US), Vroom, Inc. (US), Manheim (US), Autotrader, Inc. (US), HERTZ CAR SALES (US), Cox Automotive, Inc. (US), Sun Toyota (US), Alibaba Group (China), eBay (US), PenskeCars (US), and TrueCar, Inc. (US).

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