KEY FINDINGS
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TRENDS IN US USED CAR MARKET
•Used car dealers and auto-retail companies have been devising new strategies to influence online buyers from far-off regions and retain their market share. Ex- Some dealers are promising deliveries to 200+ miles, some are booking flight tickets to arrange a demo for the vehicle, some are offering free return up to 7 day of purchase, express pickups etc
• After multiple used-vehicle start-ups launched early in 2010s, more start-ups are entering the market, keen on improving different aspects of the market with investor backing. Some have auto retailing background, while others are completely new to the used car market in US
• There are multiple disruptions happening in the wholesale part of business i.e. online dealer to dealer digital platforms are emerging and getting good traction.CPO(Certified Pre-owned) vehicles now account for ~6% of total used car sales and are an important tool for OEMs to reach first time Millenial buyers
• Many auto retailers are ramping up efforts to make their business more asset light i.e. make less stores cover more areas by making them more productive
COMPANY PROFILES1. Autotrader, Inc.2. Cox Automotive, Inc.3. Penske Automotive Group4. Sonic Automotive5. Group 1 Motors6. Carvana7. Carmax Business Services, LLC8. Truecar Inc.9. AutoNation10. CarsDirect11. CarGurus12. Lithia Motors13. Swap Motors14. Lazy Chimp15. Current Automotive16. Blinker17. R8TR18. Tred
THIS REPORT WILL ANSWER FOLLOWING QUESTIONS
1. Most important consumer trends, which features are most sought after in different regions2. Impact of digital disruption and opportunity for new vendor or a new tech platform in used car market in US3. Underlying opportunity for automotive aftermarket components and services4. Estimated and Forecasted market size for 2019-20255. Market share of leading vendors and their growth strategies
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