Used Cars Market in US to Grow by 4.25 Million Units in 2020

 

Technavio has been monitoring the used cars market in US and it is poised to grow by 4.25 million units during 2020-2024, progressing at a CAGR of about 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.


 

Download the Sample Report @ http://bit.ly/39GXRnO

The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a Low impact on the used cars market in US. The market growth in 2020 is likely to Increase compared to the market growth in 2019.

The market is concentrated, and the degree of concentration will accelerate during the forecast period. Alibaba Group Holding Ltd., Amazon.com Inc., Asbury Automotive Group Inc., AutoNation Inc., CarMax Inc., Cox Automotive Inc., eBay Inc., Pendragon Plc, Penske Automotive Group Inc., and TrueCar Inc. are some of the major market participants. The proliferation of websites selling used cars will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this used cars market in US forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Get the Full Report @ http://bit.ly/3asTlZh

Location: United States

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