North America Used Car Market Size & Outlook, 2030

Revenue, 2024 (US$M)

$654,574.0

Forecast, 2030 (US$M)

$881,281.2

CAGR, 2025 - 2030

5.1%

Report Coverage

North America

North America used car market, 2018-2030 (US$M)

Related Markets

Global Used Car Industry

Europe Used Car Market Outlook

Asia Pacific Used Car Market Outlook

Latin America Used Car Market Outlook

MEA Used Car Market Outlook

North America used car market highlights

The North America used car market generated a revenue of USD 654,574.0 million in 2024.
The market is expected to grow at a CAGR of 5.1% from 2025 to 2030.
In terms of segment, hybrid was the largest revenue generating vehicle type in 2024.
Hybrid is the most lucrative vehicle type segment registering the fastest growth during the forecast period.

North America data book summary

Market revenue in 2024	USD 654,574.0 million
Market revenue in 2030	USD 881,281.2 million
Growth rate	5.1% (CAGR from 2024 to 2030)
Largest segment	Hybrid
Fastest growing segment	Hybrid
Historical data covered	2018 - 2023
Base year for estimation	2024
Forecast period covered	2025 - 2030
Quantitative units	Revenue in USD million
Market segmentation	Hybrid
Key market players worldwide	Alibaba Group Holding Ltd ADR, CarMax Inc, Asbury Automotive Group Inc, TrueCar Inc, Scout24 SE, Lithia Motors Inc Class A, Group 1 Automotive Inc, EBay Inc, AutoNation Inc, Hendrick Automotive Group

Other key industry trends

In terms of revenue, North America region accounted for 34.5% of the global used car market in 2024.
Globally, North America is projected to lead the regional market in terms of revenue in 2030.
Asia Pacific is the fastest growing regional market and is projected to reach USD 748,776.9 million by 2030.

Key Regions: U.S. , UK , Japan , Brazil , Canada

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Used Car Market Scope

Used car market segmentation & scope

Vehicle Type

Hybrid

Conventional

Electric

Vendor Type

Organized

Unorganized

Fuel Type

Diesel

Petrol

Others

Size

Compact

Mid-Sized

SUV

Sales Channel

Offline

Online

Regions

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Countries

U.S.

Canada

Mexico

Germany

Spain

France

China

India

Japan

Brazil

Used Car Market Companies

Name	Profile	# Employees	HQ	Website

North America 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.

Hybrid was the largest segment with a revenue share of 100% in 2024. Horizon Databook has segmented the North America used car market based on hybrid covering the revenue growth of each sub-segment from 2018 to 2030.

The U.S. has the most developed wholesale used car market, resulting in the highest share of organized dealers among the developed countries. Currently, in the U.S., dealer attitudes toward the used car business tend to be the most growth-oriented and entrepreneurial.

In the last few years, the SUVs segment has registered significant growth in the market in terms of volume sales. Furthermore, in the U.S. market, SUVs are expected to gain significant market share over the forecast period.

Increasing online sales of used cars has become a significant factor in driving sales in the market. Prominent market players with the dealers have adopted the online sales channel technique to attract a new customer base. For instance: In November 2020, Ford announced to launch a new online used-vehicle platform.

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Target buyers of North America used car market databook

Our clientele includes a mix of used car market companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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Horizon Databook provides a detailed overview of continent-level data and insights on the North America used car market, including forecasts for subscribers. This continent databook contains high-level insights into North America used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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