United States Used Car Market Report: CAGR of 4.14% Forecasted for 2022-2027 [Yahoo! Finance]
AutoNation, Inc. (AN)
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Source: Yahoo! Finance
The US Used Car Market is on an upward trajectory, with an anticipated USD 35.96 billion increase between 2022 and 2027, with a compound annual growth rate (CAGR) of 4.14%. The detailed report presents a holistic view of the market, offering insights into size, forecasts, emerging trends, and the driving factors behind the market's expansion. A noteworthy shift toward used cars as an exceptional value-for-money proposition is notably propelling the market's growth. Other significant factors include the declining ownership cycle of cars and substantial technology enhancements in passenger vehicles. Segmentation of the used car market reveals a focus on: Third-party channel sales OEM channel sales and product categories such as: Mid-size Full-size Compact-size vehicles From a geographic standpoint, the research outlines the US as a key player in North America's used car industry. Emerging trends like increased online platform penetration for used car sales and inn
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- Here's What Black Bear Value Partners Think About AutoNation (AN) [Yahoo! Finance]Yahoo! Finance
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