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The US Used Car Retail Market: Size, Trends & Forecasts (2017-2021)

Publish Date:Aug 2017
No. of Pages:50

Format : Adobe Reader (PDF) Instant delivery

US$ 800.00

Scope of the Report

The report entitled “The US Used Car Retail Market: Size, Trends & Forecasts (2017-2021)”, provides analysis of the US used car retail market, with detailed analysis of market size by value, volume and segments.

Moreover, the report assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall used car retail market has also been forecasted for the years 2017-2021, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Autonation Inc., CarMax Inc., Sonic Automotive Inc. and Penske Automotive Group are some of the key players operating in the US used car retail market, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.

Company Coverage

Autonation Inc.
CarMax Inc.
Sonic Automotive Inc.
Penske Automotive Group Inc.

Executive Summary

A used car, also called as a pre-owned vehicle, or a secondhand car refers to a vehicle that formerly has had one or more than one retail owners. Independent, franchise car owners, leasing offices, rental car companies, auctions, and private parties are some of the channels via which used cars are sold to the consumers.

The US used car retail market can be divided on the basis of dealership and engine capacity. On the basis of dealership, the market can be classified into franchised dealers, independent dealers and private party sales. On the basis of engine capacity, the market can be divided into compact, mid and full size.

The US used car retail market is expected to increase at high growth rates during the forecast period (2017-2021). The US used car retail market is supported by various growth drivers, such as increasing disposable income, introduction of standalone stores in the US, incentives on new cars and rising share of CPO sales from franchised dealers.

However, limited dealers offering hassle free customer experience and reducing consumer satisfaction with conventional used car process are some of the challenges associated with the market. Opportunities for new entrants and acceleration in sales of used cars via online channels are some of the latest trends in the market.

1. Executive Summary

2. Introduction

2.1 Used Car: An Overview
2.2 Used Car: Pricing Overview
2.3 US Used Car Retail Market Segments 
2.4 Certified Pre Owned Used Car: An Overview

3. The US Market Analysis

3.1 The US Used Car Retail Market: An Analysis 

3.1.1 The US Used Car Retail Market by Value 
3.1.2 The US Used Car Retail Market by Volume 

3.2 The US Used Car Retail Market: Segment Analysis 

3.2.1 The US Used Car Retail Market by Segments 
3.2.2 The US Franchised Dealers Used Car Market by Volume
3.2.3 The US Independent Dealers Used Car Market by Volume
3.2.4 The US Private Party Used Car Market by Volume

4. Market Dynamics

4.1 Growth Drivers

4.1.1 Increasing Disposable Income 
4.1.2 Introduction of Standalone Stores in the US
4.1.3  Incentives on New Cars 
4.1.4 Increasing Share of CPO Sales from Franchised Dealers

4.2 Challenges

4.2.1 Limited Dealers offering Hassle Free Customer Experience
4.2.2 Reducing Customer Satisfaction 

4.3 Market Trends

4.3.1 Opportunities for New Entrants
4.3.2 Acceleration in Online Used Car Sales

5. Competitive Landscape

5.1 The US Used Car Retail Market Sales Comparison
5.2 The US Used Car Market by Players

6. Company Profiling 

6.1 Autonation Inc.
6.1.1 Business Overview
6.1.2 Financial Overview 
6.1.3 Business Strategy 

6.2  CarMax Inc.
6.2.1 Business Overview
6.2.2 Financial Overview 
6.2.3 Business Strategy 

6.3 Sonic Automotive Inc.
6.3.1 Business Overview
6.3.2 Financial Overview 
6.3.3 Business Strategy 

6.4 Penske Automotive Group Inc.
6.4.1 Business Overview
6.4.2 Financial Overview 
6.4.3 Business Strategy 
Figure 1: US Used Car Retail Market Segments
Figure 2: The US Used Car Retail Market by Value; 2016-2021 (US$ Billion)
Figure 3: The US Used Car Retail Market by Volume; 2010-2016 (Million Units)
Figure 4: The US Used Car Retail Market by Volume; 2017-2021 (Million Units)
Figure 5: The US Used Car Retail Market by Segments; 2016
Figure 6: The US Used Car Retail Market by Franchised Dealers; 2010-2016 (Million Units)
Figure 7: The US Used Car Retail Market by Franchised Dealers; 2017-2021 (Million Units)
Figure 8: The US Used Car Retail Market by Independent Dealers; 2010-2016 (Million Units)
Figure 9: The US Used Car Retail Market by Independent Dealers; 2017-2021 (Million Units)
Figure 10: The US Used Car Retail Market by Private Party Sales; 2010-2016 (Million Units)
Figure 11: The US Used Car Retail Market by Private Party Sales; 2017-2021 (Million Units)
Figure 12: The US GNI Per Capita; 2012-2016 (US$ Thousand)
Figure 13: CPO % Share of Franchised Used Sales
Figure 14: Percentage of Customer Indicating Dealer/ Purchase Process Included Attribute
Figure 15: Customer Satisfaction Rate with Traditional Used Car Process
Figure 16: Retailers Online Used Vehicle Inventory Units
Figure 17: Sales of Used Vehicles in the US; 2016 (000 Vehicles)
Figure 18: The US Used Car Market by Players; 2017
Figure 19: Autonation Revenues; 2012-2016 (US$ Billion)
Figure 20: Autonation Revenue by Segments; 2016
Figure 21: CarMax Revenues; 2013-2017 (US$ Billion)
Figure 22: CarMax Revenue by Segments; 2017
Figure 23: Sonic Revenues; 2012-2016 (US$ Billion)
Figure 24: Sonic Revenue by Segments; 2016
Figure 25: Penske Revenues; 2012-2016 (US$ Billion)
Figure 26: Penske Revenue by Segments; 2016
Table 1: US Used Car Market Segments on the Basis of Dealership