North America Used Car Market to 2032
Overview
The North America Used Car Market is expected to reach a 512,771.66 USD Billion by 2032 and is projected to grow at a CAGR of 10.46% from 2025 to 2032.
Revenue, 2024 (USD Billion)
281,216.78
Forecast, 2032 (USD Billion)
512,771.66
CAGR, 2024 - 2032
10.46%
Report Coverage
North America
North America Used Car Market 2018-2032 USD Billion
North America Used Car Market, Key Findings (2025-2032)
Market Growth and Projections:
- Market Size (2024): 281,216.78 USD Billion
- Projected Market Size (2032): 512,771.66 USD Billion
- CAGR (2025-2032): 10.46%
Key Findings of North America Used Car Market
- The North America Used Car Market was valued at 281,216.78 USD Billion in 2024.
- The North America Used Car Market is likely to grow at a CAGR of 10.46% during the forecast period of 2024 to 2032.
- In 2024, the Largest segment Franchised in Dealership Segment accounted for the largest share of the market with a revenue of 197,973.06 USD Billion
- The fastest growing segment Passenger Cars in Vehicle Type Segment grew Fastest with a CAGR of 12.19% during the forecast period from 2024 to 2032.
North America Used Car Market Scope
North America Used Car Market Segmentation & Scope
Vehicle Type
- Electric Vehicle
- HCV
- LCV
- Passenger Cars
Engine Capacity
- Full Size (Above 2500 CC)
- Mid-Size (1500-2499 CC)
- Small (Below 1499 CC)
Dealership
- Independent
- Franchised
Sales Channel
- Online
- Offline
Propulsion Type
- Others
- CNG
- LPG
- Electric
- Diesel
- Petrol
Vendor Type
- Unorganised
- Organised
North America Used Car Market Data Coverage Insights
| Study Period | 2024-2032 |
| Base Year | 2020 |
| Unit | Revenue in USD Billion |
| Market Value in 2024 | 281,216.78 USD Billion |
| Market Value in 2032 | 512,771.66 USD Billion |
| CAGR (2025-2032) | 10.46% |
| Historic Data | 2016-2023 |
| Market Segments Covered | Vehicle Type,Engine Capacity,Dealership,Sales Channel,Propulsion Type,Vendor Type |
Regional Insights:
-
Leading Market (2024-2032): North America, leading in terms of revenue 281,216.78 USD Billion in 2024
- Key Country: U.S., leading in terms of revenue with value of 234,451.01 USD Billion in 2024.
Segments and Scope
-
North America Used Car Market to 2032, By Vehicle Type
- Passenger Cars is the largest segment in North America Used Car Market to 2032 with a revenue of 106,585.68 USD Billion in the year 2024.
- Passenger Cars is the Fastest growing segment in North America Used Car Market to 2032 with a Growth rate of 12.19 % in forecast period 2025-2032.
-
North America Used Car Market to 2032, By Engine Capacity
- Small (Below 1499 CC) is the largest segment in North America Used Car Market to 2032 with a revenue of 123,610.36 USD Billion in the year 2024.
- Small (Below 1499 CC) is the Fastest growing segment in North America Used Car Market to 2032 with a Growth rate of 11.41 % in forecast period 2025-2032.
-
North America Used Car Market to 2032, By Dealership
- Franchised is the largest segment in North America Used Car Market to 2032 with a revenue of 197,973.06 USD Billion in the year 2024.
- Franchised is the Fastest growing segment in North America Used Car Market to 2032 with a Growth rate of 11.36 % in forecast period 2025-2032.
-
North America Used Car Market to 2032, By Sales Channel
- Offline is the largest segment in North America Used Car Market to 2032 with a revenue of 191,767.16 USD Billion in the year 2024.
- Online is the Fastest growing segment in North America Used Car Market to 2032 with a Growth rate of 9.87 % in forecast period 2025-2032.
-
North America Used Car Market to 2032, By Propulsion Type
- Petrol is the largest segment in North America Used Car Market to 2032 with a revenue of 157,257.91 USD Billion in the year 2024.
- Petrol is the Fastest growing segment in North America Used Car Market to 2032 with a Growth rate of 11.16 % in forecast period 2025-2032.
-
North America Used Car Market to 2032, By Vendor Type
- Organised is the largest segment in North America Used Car Market to 2032 with a revenue of 184,934.32 USD Billion in the year 2024.
- Organised is the Fastest growing segment in North America Used Car Market to 2032 with a Growth rate of 11.75 % in forecast period 2025-2032.
North America Used Car Market Company Share Analysis
| Company Name |
|
||
| Hendrick Automotive Group | |||
| Asbury Automotive Group | |||
| AutoNation | |||
| CarMax Enterprise Services, LLC | |||
| LITHIA MOTORS., INC. | |||
North America Used Car Market Geographical Sales Distribution, 2018-2032 USD Billion
North America Used Car Market Company Profiling
Industry Related Reports
Frequently Asked Questions
The North America Used Car Market is segmented based on Segmentation Vehicle Type,Engine Capacity,Dealership,Sales Channel,Propulsion Type,Vendor Type.
North America Used Car Market was valued at USD 281,216.78(Revenue in USD Billion) in 2020.
North America Used Car Market is projected to grow at a CAGR of 10.46% during the forecast period of 2024 to 2032.
The Franchised segment is expected to dominate the North America Used Car Market, holding a largest market share of 197,973.06 USD Billion in 2024
North America Used Car Market Scope
North America Used Car Market Segmentation & Scope
Vehicle Type
- Electric Vehicle
- HCV
- LCV
- Passenger Cars
Engine Capacity
- Full Size (Above 2500 CC)
- Mid-Size (1500-2499 CC)
- Small (Below 1499 CC)
Dealership
- Independent
- Franchised
Sales Channel
- Online
- Offline
Propulsion Type
- Others
- CNG
- LPG
- Electric
- Diesel
- Petrol
Vendor Type
- Unorganised
- Organised
Frequently Asked Questions
The North America Used Car Market is segmented based on Segmentation Vehicle Type,Engine Capacity,Dealership,Sales Channel,Propulsion Type,Vendor Type.
North America Used Car Market was valued at USD 281,216.78(Revenue in USD Billion) in 2020.
North America Used Car Market is projected to grow at a CAGR of 10.46% during the forecast period of 2024 to 2032.
The estimated market value of the North America Used Car Market for final year is USD 512,771.66 (USD Billion).
North America Used Car Market Company Profiling
Frequently Asked Questions
The North America Used Car Market is segmented based on Segmentation Vehicle Type,Engine Capacity,Dealership,Sales Channel,Propulsion Type,Vendor Type.
North America Used Car Market was valued at USD 281,216.78(Revenue in USD Billion) in 2020.
North America Used Car Market is projected to grow at a CAGR of 10.46% during the forecast period of 2024 to 2032.
The estimated market value of the North America Used Car Market for final year is USD 512,771.66 (USD Billion).
CHOOSE LICENCE TYPE
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