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Global Used Vehicle Market


Global Used Vehicle Market Research Report: Information by Vehicle Age (0-5, 6-10, 11-15, 15-20, and 20 years old), Vehicle Type (Passenger Car, Light Commercial Vehicle, And Heavy Commercial Vehicle), Propulsion (ICE and Electric Vehicle), Sales Channel (Franchised, Independent Car Dealers, Rental Car Companies, and Others), and Region (North America, Asia–pacific, Europe, and Rest of the World) - Forecast till 2025 – PowerPoint PPT presentation

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Date added: 18 November 2019
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Title: Global Used Vehicle Market

Used Vehicle Market Research Report- Forecast
till 2025
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.marketresearch
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 gt 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
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.
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
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.
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