U.S. Used Car Market Size & Outlook, 2025-2030
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U.S. used car market highlights
- The U.S. used car market generated a revenue of USD 393,786.4 million in 2024 and is expected to reach USD 519,050.4 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.6% from 2025 to 2030.
- In terms of segment, conventional 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.
Used car market data book summary
| Market revenue in 2024 | USD 393,786.4 million |
| Market revenue in 2030 | USD 519,050.4 million |
| Growth rate | 4.6% (CAGR from 2025 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Hybrid |
| Historical data | 2018 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hybrid, Conventional, Electric |
| 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, U.S. accounted for 20.7% of the global used car market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. used car market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 228,480.3 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 |
U.S. 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 41.05% in 2024. Horizon Databook has segmented the U.S. used car market based on hybrid, conventional, electric covering the revenue growth of each sub-segment from 2018 to 2030.
In 2019, the U.S. market accounted for more than 30% volume share in the global used car market. The U.S. market has shown a great upsurge in the used car market, as most of the population is inclined toward an economic means of transportation.
At the starting of 2020, due to the Covid19 pandemic, the market had shown a slowdown in sales; however, in the second quarter, the sales for used cars have registered significant growth, according to COX Automotive.
With the great inclination towards digitalization, some retailers started online sales services to remain lucrative in the market. Meanwhile, e-commerce platforms are enhancing the no human interaction services with the vehicle directly delivered to the consumers’ doors, and this service is expected to drive the used car sales in the coming years.
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Target buyers of U.S. 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 country-level data and insights on the U.S. used car market, including forecasts for subscribers. This country databook contains high-level insights into U.S. used car market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. used car market size, by vendor type, 2018-2030 (US$M)
U.S. Used Car Market Share, 2024 & 2030 (US$M)
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