Global Used Car Market Size & Outlook, 2025-2030
Global used car market, 2018-2030 (US$M)
Related Markets
Global used car market highlights
- The global used car market generated a revenue of USD 1,898,501.3 million in 2024 and is expected to reach USD 2,701,501.4 million by 2030.
- The market is expected to grow at a CAGR (2025 - 2030) of 6% by 2030.
- In terms of segment, conventional accounted for a revenue of USD 828,367.9 million in 2024.
- Electric is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2024.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2030.
Global data book summary
| Market revenue in 2024 | USD 1,898,501.3 million |
| Market revenue in 2030 | USD 2,701,501.4 million |
| Growth rate | 6% (CAGR from 2025 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Electric |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hybrid, Conventional, Electric |
Other key industry trends
- In terms of revenue, the North America accounted for 34.5% of the global used car market in 2024.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Korea is the fastest growing regional market and is projected to reach USD 92,604.5 million by 2030.
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Used Car Market Scope
Used Car Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Hendrick Automotive Group | View profile | 10001+ | Charlotte, North Carolina, United States, North America | http://www.hendrickauto.com/ |
| AutoNation Inc | View profile | 25300 | 200 South West 1st Avenue, Fort Lauderdale, FL, United States, 33301 | https://www.autonation.com |
| EBay Inc | View profile | 12300 | 2025 Hamilton Avenue, San Jose, CA, United States, 95125 | https://www.ebay.com |
| Group 1 Automotive Inc | View profile | 16011 | 800 Gessner, Suite 500, Houston, TX, United States, 77024 | https://www.group1auto.com |
| Lithia Motors Inc Class A | View profile | 27446 | 150 N. Bartlett Street, Medford, OR, United States, 97501 | https://www.lithia.com |
| Scout24 SE | View profile | 1055 | Invalidenstrasse 65, Berlin, BY, Germany, 10557 | https://www.scout24.com |
| TrueCar Inc | View profile | 324 | 1401 Ocean Avenue, Suite 200, Santa Monica, CA, United States, 90401 | https://www.truecar.com |
| Asbury Automotive Group Inc | View profile | 15000 | 2905 Premiere Parkway North West, Suite 300, Duluth, GA, United States, 30097 | https://www.asburyauto.com |
| CarMax Inc | View profile | 29836 | 12800 Tuckahoe Creek Parkway, Richmond, VA, United States, 23238 | https://www.carmax.com |
| Alibaba Group Holding Ltd ADR | View profile | 204891 | 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, | https://www.alibabagroup.com |
Global used car market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to used car market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 43.63% in 2024. Horizon Databook has segmented the Global used car market based on hybrid, conventional, electric covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Used Car Vehicle Type Outlook (Revenue, USD Million, 2018-2030)
- Electric
- Hybrid
- Conventional
- Global Used Car Vendor Type Outlook (Revenue, USD Million, 2018-2030)
- Organized
- Unorganized
- Global Used Car Fuel Type Outlook (Revenue, USD Million, 2018-2030)
- Others
- Diesel
- Petrol
- Global Used Car Size Outlook (Revenue, USD Million, 2018-2030)
- Mid-Sized
- SUV
- Compact
- Global Used Car Sales Channel Outlook (Revenue, USD Million, 2018-2030)
- Offline
- Online
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Target buyers of Global used car market databook
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Our clientele includes a mix of used car market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global used car market, including forecasts for subscribers. This global databook contains high-level insights into Global used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global used car market size, by regions, 2018-2030 (US$M)
Top 10 countries: Used car market size, 2024 (US$M)
Global used car market share, by sales channel, 2024 & 2030 (%, US$M)
Used car market: Opportunity assessment by country
Global used car market, by region, 2024 (US$M)
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