Mid-size Cars Category to Dominate US Used Car Market till 2024
Free or discounted
after-sales services by used car sellers to boost the US used market through
2024
According
to TechSci Research report, “US Used Car Market By Vehicle Type, By Sector, By Fuel Type,
Competition, Forecast & Opportunities, 2024”, US used
car market is likely to grow during the
forecast period, backed by increasing interest for second hand cars because of
variety of used cars available at a huge discounted price compared to new cars.
further, increase in demand for CNG vehicles that have high aftermarket resale
value and growing focus of dealers and car manufacturers to increase their used
car sales network are anticipated to positively influence the country’s used
car market. US witnessed sales of over 40 million used vehicles in 2018, which
is almost double the sales of new vehicles i.e. 17 million units.
Browse 20 market data Figures spread through 70 Pages and an in-depth TOC on "US
Used Car Market"
https://www.techsciresearch.com/report/us-used-car-market/4032.html
US used
car market can be segmented into vehicle type, sector, fuel type and region. In
terms of vehicle type, the market can be further separated into small cars,
mid-size cars and luxury cars. Mid-size cars category accounted for the largest
market share in 2018 and the vehicle segment is expected to maintain its
leading market position during the forecast period, owing to growing demand for
mid-size cars and as a result their price to be high in 2018.
Honda, Ford, Toyota, Chevrolet, Nissan, among others are the leading players operating in US used car market. The companies
operating in the market are using organic strategies such as product launch, mergers
and collaborations to increase their share.
Download Sample Report @ http://www.techsciresearch.com/sample-report.aspx?cid=4032
Customers can also request for 10% free customization on this report.
“On account of rise in prices of vehicles and high interest rates, customers
are going for used cars comparatively to new cars. Thus, in coming years,
demand for used cars in the country would continue to grow.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“US Used Car Market By Vehicle Type, By Sector, By
Fuel Type, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of US used
car market and provides statistics & information on market size, structure
and future market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in US used car market.
About TechSci Research
TechSci Research is a leading global market research firm publishing
premium market research reports. Serving 700 global clients with more than 600
premium market research studies, TechSci Research is serving clients across 11
different industrial verticals. TechSci Research specializes in research based
consulting assignments in high growth and emerging markets, leading
technologies and niche applications. Our workforce of more than 100 fulltime
Analysts and Consultants employing innovative research solutions and tracking
global and country specific high growth markets helps TechSci clients to lead
rather than follow market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web:
https://www.techsciresearch.com/