Used Car Sales Market Dominated by the US with almost half of the global market

HYDERABAD, India - June 17, 2016 - PRLog -- Used car and refurbished car sales are the largest retail sales sector in the automotive Industry. The Used Car Sales Market deals with the demand and supply of used and refurbished cars in various regions, car capacity and condition check for good functionality and scope of the market in upcoming years.

The North America is the leading region in the Used Car and Refurbished Car Sales Market with high transactions and sales of used cars and refurbished cars compared to any other region. The US occupies almost half of the global market shares, thus, expected to continue leading the market in the upcoming years.

The APAC region is high potential region for the Used Car and Refurbished Car Sales Market. The rise in standard of living and high demand for cars are the driving force for this market in upcoming years. The government agencies have highly regulated this market for car selling frauds and protecting the customers across the globe.

Segmentation of Used Car and Refurbished Car Sales Market:

The Used Car and Refurbished Car Sales Market is segmented into various categories in the IndustryARC market research report by fuel types, by dealership, by vehicle type and by geography.

By fuel type: gasoline, diesel, alternative fuels, compressed natural gas (CNG), liquefied petroleum gas (LPG), battery electric vehicles and hybrids

By dealership: franchised, independent and others

By vehicle type: passenger, commercial, light commercial vehicles, sports cars and others

By geography: North America, South America, Europe, Asia Pacific and ROW

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The prominent players with car tradeview profiled in the used car and refurbished car sales market research reports by IndustryARC are as follows:

• CarMax
• Penske Automotive group
• Asbury Automotive group
• Global Star Ltd
• Toyota

The Used Car and Refurbished Car Sales Market is growing fast owing to the rise of standard of living across the globe. This market is expected to witness high growth in upcoming years with many investors and car manufacturers heavily investing in used car and refurbished car sales industry.

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