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Feb. 27, 2020, 5:00 a.m. EST

US Vehicle Auction Market 2019-2023 : KAR Auction Services Inc., Copart Inc, Manheim

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Feb 27, 2020 (Xherald via COMTEX) -- US Vehicle Auction Industry - A Global Market Overview (2019-2023)

The US Vehicle Auction Market is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.

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Top Key Players: KAR Auction Services Inc., Copart Inc. and Manheim.

Scope of the Report

The report titled The US Vehicle Auction Market: Size, Trends & Forecasts (2019-2023) includes the analysis of the vehicle auction market in the US in terms of value, volume and segments.

Under competitive landscape, players within the North America vehicle auction market have been compared on the basis of share followed by qualitative analysis of the players specifically within the online auction space.

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Executive Summary

The vehicle auction market can be split into two segments which are whole/ used cars auctions and salvage auctions. Whole car auction vehicles includes vehicles sold by vehicle manufacturers, used car dealers and their captive finance companies, commercial fleet operators, rental car companies and financial institutions to franchised and independent used vehicle dealers. On the other hand, salvage vehicle auction industry offers a venue for sellers, mainly automobile insurance companies, to dispose total loss, damaged or low value vehicles to dismantlers, scrap dealers, rebuilders or qualified public buyers.

The US vehicle auction market is forecasted to grow at a healthy rate during the forecast period (2019-2023). The market is supported by various growth drivers such as rise in average age of light vehicles in the country, hike in vehicle crashes, surging revenue per car auctioned pricing and strong demand for salvage auction vehicles of US from international buyers. Fluctuations in supply of used vehicles and the possibilities of the business of vehicle auction service providers getting negatively impacted in the case of unfavorable economic conditions are some of the challenges confronted by the market.

Acquisitions, integration of online auctions with technologies such as Artificial Intelligence (AI) and extensive use of data and analytic capabilities to streamline auction processes are some of the trends in the market that have been captured in this report.

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Influence of the US Vehicle Auction Market report:

-Comprehensive assessment of all opportunities and risk in the US Vehicle Auction Market.

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