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U.S. Used Car Market to 2032

Overview

The U.S. Used Car Market is expected to reach a 439,880.41 USD Billion by 2032 and is projected to grow at a CAGR of 11.10% from 2025 to 2032.

Revenue, 2024 (USD Billion)
234,451.01
Forecast, 2032 (USD Billion)
439,880.41
CAGR, 2024 - 2032
11.10%
Report Coverage
U.S.

U.S. Used Car Market 2018-2032 USD Billion

U.S. Used Car Market, Key Findings (2025-2032)

Market Growth and Projections:

  • Market Size (2024): 234,451.01 USD Billion
  • Projected Market Size (2032): 439,880.41 USD Billion
  • CAGR (2025-2032): 11.10%

Key Findings of U.S. Used Car Market

  • The U.S. Used Car Market was valued at 234,451.01 USD Billion in 2024.
  • The U.S. Used Car Market is likely to grow at a CAGR of 11.10% 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 167,208.12 USD Billion
  • The fastest growing segment Passenger Cars in Vehicle Type Segment grew Fastest with a CAGR of 12.98% during the forecast period from 2024 to 2032.

U.S. Used Car Market Scope

U.S. Used Car Market Segmentation & Scope
Propulsion Type
  • Others
  • CNG
  • LPG
  • Electric
  • Diesel
  • Petrol
Vendor Type
  • Unorganised
  • Organised
Engine Capacity
  • Full Size (Above 2500 CC)
  • Mid-Size (1500-2499 CC)
  • Small (Below 1499 CC)
Dealership
  • Independent
  • Franchised
Sales Channel
  • Online
  • Offline
Vehicle Type
  • Electric Vehicle
  • HCV
  • LCV
  • Passenger Cars

U.S. Used Car Market Data Coverage Insights

Study Period 2024-2032
Base Year 2020
Unit Revenue in USD Billion
Market Value in 2024 234,451.01 USD Billion
Market Value in 2032 439,880.41 USD Billion
CAGR (2025-2032) 11.10%
Historic Data 2016-2023
Market Segments Covered Propulsion Type,Vendor Type,Engine Capacity,Dealership,Sales Channel,Vehicle Type

Regional Insights:

  • Leading Market (2024-2032): U.S., leading in terms of revenue 234,451.01 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

  • U.S. Used Car Market to 2032, By Propulsion Type
    • Petrol is the largest segment in U.S. Used Car Market to 2032 with a revenue of 129,252.07 USD Billion in the year 2024.
    • Petrol is the Fastest growing segment in U.S. Used Car Market to 2032 with a Growth rate of 11.90 % in forecast period 2025-2032.
  • U.S. Used Car Market to 2032, By Vendor Type
    • Organised is the largest segment in U.S. Used Car Market to 2032 with a revenue of 156,165.41 USD Billion in the year 2024.
    • Organised is the Fastest growing segment in U.S. Used Car Market to 2032 with a Growth rate of 12.37 % in forecast period 2025-2032.
  • U.S. Used Car Market to 2032, By Engine Capacity
    • Small (Below 1499 CC) is the largest segment in U.S. Used Car Market to 2032 with a revenue of 100,230.91 USD Billion in the year 2024.
    • Small (Below 1499 CC) is the Fastest growing segment in U.S. Used Car Market to 2032 with a Growth rate of 12.15 % in forecast period 2025-2032.
  • U.S. Used Car Market to 2032, By Dealership
    • Franchised is the largest segment in U.S. Used Car Market to 2032 with a revenue of 167,208.12 USD Billion in the year 2024.
    • Franchised is the Fastest growing segment in U.S. Used Car Market to 2032 with a Growth rate of 11.94 % in forecast period 2025-2032.
  • U.S. Used Car Market to 2032, By Sales Channel
    • Offline is the largest segment in U.S. Used Car Market to 2032 with a revenue of 158,750.35 USD Billion in the year 2024.
    • Online is the Fastest growing segment in U.S. Used Car Market to 2032 with a Growth rate of 10.51 % in forecast period 2025-2032.
  • U.S. Used Car Market to 2032, By Vehicle Type
    • Passenger Cars is the largest segment in U.S. Used Car Market to 2032 with a revenue of 86,322.09 USD Billion in the year 2024.
    • Passenger Cars is the Fastest growing segment in U.S. Used Car Market to 2032 with a Growth rate of 12.98 % in forecast period 2025-2032.

U.S. Used Car Market Company Share Analysis

 
Company Name Company Share Analysis
Hendrick Automotive Group
Asbury Automotive Group
AutoNation
CarMax Enterprise Services, LLC
LITHIA MOTORS., INC.
U.S. Used Car Market Company Share Analysis

U.S. Used Car Market Geographical Sales Distribution, 2018-2032 USD Billion

U.S. Used Car Market Geographical Sales Distribution, 2018-2032 USD Billion

U.S. Used Car Market Company Profiling

U.S. Used Car Market Company Profiling

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Frequently Asked Questions
The U.S. Used Car Market is segmented based on Segmentation Propulsion Type,Vendor Type,Engine Capacity,Dealership,Sales Channel,Vehicle Type.
U.S. Used Car Market was valued at USD 234,451.01(Revenue in USD Billion) in 2020.
U.S. Used Car Market is projected to grow at a CAGR of 11.10% during the forecast period of 2024 to 2032.
The Franchised segment is expected to dominate the U.S. Used Car Market, holding a largest market share of 167,208.12 USD Billion in 2024

U.S. Used Car Market Scope

U.S. Used Car Market Segmentation & Scope
Propulsion Type
  • Others
  • CNG
  • LPG
  • Electric
  • Diesel
  • Petrol
Vendor Type
  • Unorganised
  • Organised
Engine Capacity
  • Full Size (Above 2500 CC)
  • Mid-Size (1500-2499 CC)
  • Small (Below 1499 CC)
Dealership
  • Independent
  • Franchised
Sales Channel
  • Online
  • Offline
Vehicle Type
  • Electric Vehicle
  • HCV
  • LCV
  • Passenger Cars
Frequently Asked Questions
The U.S. Used Car Market is segmented based on Segmentation Propulsion Type,Vendor Type,Engine Capacity,Dealership,Sales Channel,Vehicle Type.
U.S. Used Car Market was valued at USD 234,451.01(Revenue in USD Billion) in 2020.
U.S. Used Car Market is projected to grow at a CAGR of 11.10% during the forecast period of 2024 to 2032.
The estimated market value of the U.S. Used Car Market for final year is USD 439,880.41 (USD Billion).

U.S. Used Car Market Company Profiling

U.S. Used Car Market Company Profiling
Frequently Asked Questions
The U.S. Used Car Market is segmented based on Segmentation Propulsion Type,Vendor Type,Engine Capacity,Dealership,Sales Channel,Vehicle Type.
U.S. Used Car Market was valued at USD 234,451.01(Revenue in USD Billion) in 2020.
U.S. Used Car Market is projected to grow at a CAGR of 11.10% during the forecast period of 2024 to 2032.
The estimated market value of the U.S. Used Car Market for final year is USD 439,880.41 (USD Billion).

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