DUBLIN—Research and Markets has announced the addition of the "Global Used Car Market 2017-2021" report to their offering.

The global used car market to grow at a CAGR of 7.07% during the period 2017-2021.

The report, Global Used Car Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in market is vending machine platforms for dispensing used cars. Carvana, an online used car start-up company has invested in a garage in Nashville, US, which has about eight stories with a capacity of around 30 cars. The fully-automated garage dispenses cars in four delivery outlets to customers who have completed the online purchase process.

According to the report, one driver in market is excellent value for money of used cars. The rising number of automakers in the used car market and growing number of online used car dealerships have improved customer perception of the quality of the used cars. The majority of the purchase decision regarding used cars depends on the customer's conviction about the quality of the car available. Customers purchase used cars due to the affordability. The quality of the used vehicle is a key decision-making factor as the details regarding the ownership of the vehicle are vague and damages after the vehicle purchase are not covered by the warranty. To gain the trust of the consumers, the majority of the used car dealers have added additional services, such as extended warranty on used cars, and the vehicle would be serviced at the dealership location free of cost for a limited period starting from the date of purchase.

Key vendors

  • Alibaba Group Holding
  • eBay Motors
  • TrueCar

Other prominent vendors

  • Carvana
  • Mahindra First Choice Wheels
  • Maruti True Value

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by engine capacity

PART 07: Geographical segmentation

PART 08: Key leading countries

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: Key vendor analysis

For more information about this report visit http://www.researchandmarkets.com/research/63jx78/global_used_car

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Research and Markets
Laura Wood, Senior Manager
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Related Topics: Cars, Used Vehicles