Used Car Market in North America 2016–2022

Used Car Market in North America 2016–2022 Updated Research Available

Used Car Market to Transform by 2022 with Increased Online Sales and Pre-owned Leased Vehicle Sales

RELEASE DATE
13-Jul-2016
REGION
North America
Research Code: NFF6-01-00-00-00
SKU: AU01343-NA-MR_18853
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Description

The North American used car market is almost 2.5-times bigger than the new car market and that ratio is not going to reduce anytime soon. This study captures the growth of the used car market until 2022 and assesses the factors impacting this market such as pricing pressures from the increasing number of off-lease vehicles entering the used car market. Disruptive market participants in the retailing of used cars, original equipment manufacturers’ (OEMs') involvement in promoting used cars, and innovative purchase options are covered as part of this research. Analysis of alternate powertrain vehicles and their impact on the used car market is also covered as part of this research.

RESEARCH: INFOGRAPHIC

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Table of Contents

Executive Summary—Snapshot of Used Car Industry

Used Car Sales versus New Car Sales

Used Car Market Dynamics

Growth of Used Car Sales in North America

Sales Forecast by Distribution Channel and Vehicle Age

Used Car Market—Market Share by Age

Rental Vehicles’ Impact on Used Car Market

Luxury Rental Vehicles’ Impact on Used Car Market

Used Car Sales Regional Analysis

Comparing Online Business Models

Used Car Sales—100% Online Transaction

Frost & Sullivan GI Quadrant—Tech Disrupters

eBay Motors—The Biggest Competition Yet

CPO Market Share

Competitive Benchmarking of OEM CPO Programs

Competitive Benchmarking of OEM CPO Programs (continued)

Benchmarking OEM’s Initiatives in Used Car Market

Dealerships Exposure in Used Car Sales

Used Car Financing Options

Evolution of Used Car Leasing—New Opportunities

Used Car Leasing Model—Online Disruptors

Impact of Leasing and CPO on Purchasing Trends

Snapshot of Used Electric Vehicles

Market Dynamics of Used Alternate Powertrain Vehicles

Key Findings and Future Outlook

Research Scope

Research Aims and Objectives

Key Questions this Study will Answer

Research Methodology

Used Car Market Dynamics

Macroeconomic Trends and Influences

Used Car Market Pricing Trends

Used Car eRetailing Trends

Legislation Affecting the North American Used Car Market

Value Chain—Used Car Market

Comparative Benchmarking by Distribution Channel

Distribution Channel Benchmarking Parameters

Used Car Value Proposition Analysis

Competitive Benchmarking of OEM CPO Programs

Competitive Benchmarking of OEM CPO Programs (continued)

Buyers’ Expectations for Certified Used Car

CarMax’s No Haggle No Hassle Experience

Market Dynamics & Trends of Used Alternate Powertrain Vehicles

Benefit Analysis of Leasing New EV over Buying Used EV

Price Retention of Alternate Powertrain Vehicle

Total Used Car—Unit Sales Forecast

Gasoline Vehicles Unit Sales Forecast

Hybrid Vehicles Unit Sales Forecast

Electric Vehicles Unit Sales Forecast

Used Car Market—Market Share by Age

Distribution Channel of Used Cars

Sales Forecast by Distribution Channel and Vehicle Age

Distribution Channel Analysis

Benefits of Pre-Owned Cars for OEMs and Dealers

Importance of CPO Program for the OEM and the Dealership

Toyota Certified Used Cars Division

Audi Certified Pre-Owned Division

Ford Certified Pre-Owned Division

GM Certified Division

Tesla’s Pre-Owned Car Division

100% Online Business Model—Beepi

Shift Auto’s Online Marketplace

Evolution of Used Car Leasing—New Opportunities

Impact of Leasing on Used Car Market

Used Car Leasing

Key Conclusions

Key Conclusions (continued)

Key Findings and Future Outlook

The Last Word—3 Big Predictions

Top 5 Growth Opportunities

Legal Disclaimer

Market Engineering Methodology

Abbreviations and Acronyms Used

The North American used car market is almost 2.5-times bigger than the new car market and that ratio is not going to reduce anytime soon. This study captures the growth of the used car market until 2022 and assesses the factors impacting this market such as pricing pressures from the increasing number of off-lease vehicles entering the used car market. Disruptive market participants in the retailing of used cars, original equipment manufacturers’ (OEMs) involvement in promoting used cars, and innovative purchase options are covered as part of this research. Analysis of alternate powertrain vehicles and their impact on the used car market is also covered as part of this research.
More Information
No Index No
Podcast No
Author Isaac Abraham
WIP Number NFF6-01-00-00-00
Is Prebook No