May 16, 2022 · The US used car market size was $153.1 billion in 2021, which means the market grew by 4.7% in 2022. In 2020, the market size was $141.9 billion. In 2019 and 2018, it was $137.2 and $136.9 billion. These statistics show that the used car market in the US has been growing steadily and will continue to do so in the following years. 12.
May 16, 2022 · Very high-mileage used cars -- vehicles with 150,000 miles and more -- have become a growth market for franchised dealers. May 16, 2022 12:00 AM 5 hours ago.
4 hours ago · Last fiscal, cars priced above Rs 10 lakh (or the premium segment) sold 5x faster than those with lower sticker prices, and notched up approximately 38% on-year growth compared with approximately 7% y-o-y growth for the latter. Consequently, the market share of premium cars rose 500 basis points (bps) to ~30%, said the Crisil report. Agencies.
4 hours ago · Maruti’s Alto, Swift, Baleno, Vitara Brezza, Celerio, and Dzire; and Hyundai’s i10 and i20 (which cumulatively accounted for ~56% of the lower-priced cars sold in fiscal 2019) have been on a ...
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5 hours ago · India’s biggest carmaker, Maruti Suzuki, will build a manufacturing plant that can produce up to 250,000 cars a year on an 800-acre site in northern Haryana state, it said on Friday. The plant is expected to produce its first car by 2025, and the company would invest over 110 billion Indian rupees ($1.42 billion) in the first phase of the ...
May 16, 2022 · Mercedes-Benz has issued an urgent recall for its vehicles in the US impacting 290,000 SUVs across different series. The recall impacts the models such as ML-Class, GL-Class and R-Class that were manufactured between 2006 and 2012.