The U.S. auto industry sold nearly ************* cars in 2024. That year, total car and light truck sales were approximately ************ in the United States. U.S. vehicle sales peaked in 2016 at roughly ************ units. Pandemic impact The COVID-19 pandemic deeply impacted the U.S. automotive market, accelerating the global automotive semiconductor shortage and leading to a drop in demand during the first months of 2020. However, as demand rebounded, new vehicle supply could not keep up with the market. U.S. inventory-to-sales ratio dropped to its lowest point in February 2022, as Russia's war on Ukraine lead to gasoline price hikes. During that same period, inflation also impacted new and used car prices, pricing many U.S. consumers out of a market with increasingly lower car stocks. Focus on fuel economy The U.S. auto industry had one of its worst years in 1982 when customers were beginning to feel the effects of the 1973 oil crisis and the energy crisis of 1979. Since light trucks would often be considered less fuel-efficient, cars accounted for about ** percent of light vehicle sales back then. Thanks to improved fuel economy for light trucks and cheaper gas prices, this picture had completely changed in 2020. That year, prices for Brent oil dropped to just over ** U.S. dollars per barrel. The decline occurred in tandem with lower gasoline prices, which came to about **** U.S. dollars per gallon in 2020 - and cars only accounted for less than one-fourth of light vehicle sales that year. Four years on, prices are dropping again, after being the highest on record since 1990 in 2022.

As of October 2020, North American auto demand was around 2.5 million units below 2019 levels. In terms of production in North America's largest market, output in the U.S. automotive industry was roughly 4,300 units in April 2020. U.S. plants reopened after a nine-week shutdown amid the coronavirus outbreak in the United States.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Used Cars and Trucks in U.S. City Average (CUSR0000SETA02) from Jan 1953 to Jun 2025 about used, trucks, vehicles, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

Worldwide car sales grew to around ** million automobiles in 2024, up from around **** million units in 2023. Throughout 2020 and 2021, the sector experienced a downward trend on the back of a slowing global economy, while COVID-19 and the Russian war on Ukraine contributed to shortages in the automotive semiconductor industry and further supply chain disruptions in 2022. Despite these challenges, 2023 and 2024 sales surpassed pre-pandemic levels and are forecast to keep rising through 2025 and 2026. Covid-19 hits car demand It had been estimated pre-pandemic that international car sales were on track to reach ** million. While 2023 sales are still far away from that goal, this was the first year were car sales exceeded pre-pandemic values. The automotive market faced various challenges in 2023, including supply shortages, automotive layoffs, and strikes in North America. However, despite these hurdles, the North American market was among the fastest-growing regions in 2024, along with Eastern Europe and Asia, as auto sales in these regions increased year-on-year. Chinese market recovers After years of double-digit growth, China's economy began to lose steam in 2022, and recovery has been slow through 2023. China was the largest automobile market based on sales with around **** million units in 2023. However, monthly car sales in China were in free-fall in April 2022 partly due to shortages, fears over a looming recession, and the country grappling with the COVID-19 pandemic. By June of that same year, monthly sales in China were closer to those recorded in 2021.

The India Used Car Market Report is Segmented by Vehicle Type (Micro/Hatchback, SUV, and More), Vendor Type (OEM-Certified Franchise, and More), Fuel Type (Petrol, Battery-Electric, and More), Vehicle Age (Less Than 3 Years, and More), Ownership Count (First-Owner, and More), Transmission (Manual and Automatic), Price Band, and Region. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

Used-car market monitoring was started in 2018, 03 January, when Federal Administrative Court in Leipzig (Germany) allowed cities and communes in Germany to impose bans for diesel cars in order to reduce the level of nitric oxide in the air. This data-set represent 5th year of market monitoring, 2022. First year monitoring (2018) data-set is available together with data article: Skribans, V. Used-car market dataset for Latvia 2018, (2019) Data in Brief, 22, pp. 859-862. doi: 10.1016/j.dib.2018.12.075. Methodology of data mining is available in research paper: SKRIBANS, V. and HEGERTY, S.W., 2019. Data mining application for used-car market analysis, IMCIC 2019 - 10th International Multi-Conference on Complexity, Informatics and Cybernetics, Proceedings 2019, pp. 35-40. Second year monitoring (2019) data-set is available there: Skribans, Valerijs (2019), “Latvian Used-car Market Announcements Monitoring in 2019”, Mendeley Data, V1, doi: 10.17632/kyf948x63n.1 Third year year monitoring (2020) data-set is available there: Skribans, Valerijs; Gulbis, Aivars; Krastins, Aivars (2020), “Latvian Used-car Market Announcements Monitoring in 2020”, Mendeley Data, V1, doi: 10.17632/hg38nn6c45.1 . First quarter of the fourth year of market monitoring, 2021. set is available there: Skribans, Valerijs; Gulbis, Aivars; Cevers, Aldis; Rudzitis, Normunds; Krastins, Aivars (2021), “Latvian Used-car Market Announcements Monitoring in 2021 Q1”, Mendeley Data, V1, doi: 10.17632/rh9zh9ncnk.1

This dataset captures detailed specifications of 10,000 cars manufactured between 2010 and 2020. It provides a comprehensive resource for various analytical and machine learning projects, including price prediction, market trend analysis, and comparative studies among different car makes and models.

The dataset includes essential attributes such as the make and model of the car, the year of manufacture, engine size, fuel type, and the price in USD. These attributes allow for in-depth analysis and modeling, facilitating insights into market trends, price prediction, and comparative studies among different car makes and models.

The car makes and models were selected from popular vehicles available in the market, reflecting consumer preferences and market availability. The prices, engine sizes, and fuel types were randomly assigned within realistic ranges, ensuring that the dataset remains representative and suitable for various analytical purposes.

Whether you are an automotive enthusiast, a data scientist, or a machine learning practitioner, this dataset offers a rich foundation for your projects. It can be used to develop machine learning models to predict car prices, analyze trends in the automotive market, compare different car makes and models, study the distribution and evolution of fuel types, or for educational purposes in data science and machine learning courses.

The data was meticulously generated using the Faker library to simulate realistic car specifications. This dataset is versatile and can be used for a wide array of projects, making it a valuable tool in your analytical and predictive endeavors.

In 2023, the EBIT margin for global automakers was three percentage points above the margins recorded by automotive suppliers. This has been an ongoing trend since 2020, when OEMs' profit margins surpassed those of suppliers in parts due to the supply chain disruptions brought on by the COVID-19 pandemic. To face these shortages, automakers were able to raise prices and focus production on models with higher margins, while suppliers could not rely on similar strategies.

Used Car Prices YoY in the United States decreased to 2.90 percent in July from 6.30 percent in June of 2025. This dataset includes a chart with historical data for the United States Used Car Prices YoY.

In 2024, the Lithuanian passenger car market decreased by -9.8% to $1.2B for the first time since 2020, thus ending a three-year rising trend. Overall, the total consumption indicated a tangible expansion from 2012 to 2024: its value increased at an average annual rate of +3.2% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +44.7% against 2020 indices.

In 2024, the Costa Rican passenger car market decreased by -16.3% to $714M for the first time since 2020, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a modest increase from 2012 to 2024: its value increased at an average annual rate of +1.5% over the last twelve years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

In 2024, the Ecuadorian passenger car market decreased by -2.8% to $1.4B for the first time since 2020, thus ending a three-year rising trend. Over the period under review, the total consumption indicated a notable increase from 2012 to 2024: its value increased at an average annual rate of +2.2% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period.

In 2024, the Sudanese passenger car market was finally on the rise to reach $155M for the first time since 2020, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $501M. From 2021 to 2024, the growth of the market remained at a lower figure.

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According to used car industry analysis, APAC will post the highest growth among all the regions. This conclusion was made after thorough examination of the growth prospects of the market across several regions including North America, Europe, APAC, MEA, and South America.

The used car market report also provides several other key information including:

CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will drive used car market growth during the next five years
Precise estimation of the used car market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the used car market industry across North America, Europe, APAC, MEA, and South America
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of used car market vendors

Used Car Prices MoM in the United States decreased to -0.50 percent in July from 1.60 percent in June of 2025. This dataset includes a chart with historical data for the United States Used Car Prices MoM.

Electric vehicles amounted to around 16.7 percent of global passenger car sales in 2023, which was a rise of around 3.1 percentage points year-over-year. Electric vehicle sales have rapidly increased since 2017, when they rose above one percent of the market, and have particularly accelerated since 2020. Many consumers started looking for more sustainable transportation methods amid the COVID-19 pandemic due to increased environmental consciousness. This contributed to the EV market expansion worldwide. A market driven by innovation Various factors contribute to the rapid growth of the electric vehicle market, including consumer perception, governmental targets, and investments in technological innovation. Regional institutions and national governments are committing to policies supporting electric vehicle adoption worldwide, with around 97 percent of the light-duty vehicle market comprising countries with these policies. Governmental spending on electric cars reached around 45 billion current U.S. dollars in 2022, the steepest increase recorded in the past five years, and global automakers are also allocating part of their revenue toward research and development expenses. Challenges and opportunities for EV charging Electric vehicle charging was the second technology type receiving the most early and growth-stage venture capital investments in 2023, above electric vars and electric two-wheelers. In 2023, there were around 11 electric vehicles per charging point worldwide, and access to this infrastructure was unequal, with China boasting the largest electric vehicle supply equipment network. Slow chargers, typically alternating current, were also the most common charging type, creating opportunities for the development of fast charging across the globe.

According to Cognitive Market Research, the global Car Waxes market size is USD 925.2 million in 2023 and will expand at a compound annual growth rate (CAGR) of 5.20% from 2023 to 2030. Increasing Sales of Luxury Automobiles Provide Viable Market Output

Despite the pandemic, demand for luxury products skyrocketed. Luxury car sales increased significantly in 2020 and 2021. 2021 Tesla delivered over 936,000 vehicles globally, up from slightly under 500,000 in 2020. Rolls-Royce sales increased nearly 50% to 5,586 vehicles in 2021. This trend is also clearly seen at the national level. Luxury car owners constantly strive to keep their vehicles glossy and new.

Furthermore, tiny surface scratches are highly expensive to repair in high-end vehicles. Car wax on luxury cars acts as a shield, protecting the paint from harm and preventing peeling. It also provides the car with an immaculate shine.

Increasing Sales of Pre-Owned Cars to Propel Market Growth

There is a surge in used vehicle sales. Due to the risk of transmission, many people prefer socially distant personal transportation over public transportation. The market for used cars is robust and increasing, especially for four years old or newer vehicles. These automobiles have many recent innovations but are less expensive than new vehicles. This covers previously owned electric and hybrid vehicles. As inventory shortages hamper the new vehicle market, the used-car sector will continue to attract new customers. Customers like to buy a car that still looks beautiful despite being pre-owned. Wax helps to maintain the outside appearance, which increases the resell value. As a result, the auto wax market is driven by increased pre-owned car sales.

Market Restraints of the Car Waxes market

Growing Awareness of Self-Healing Coatings to Restrict Market Growth

Self-healing coatings can fix suffered damage on their own or in response to external stimuli. Self-healing coatings are employed in vehicle refinishing applications. The self-healing technology enables extensive scratch repair and gloss return, even in previously damaged areas. For example, self-healing epoxies can be integrated into metals as corrosion inhibitors. Some coatings are designed to self-heal fine scratches using a heat gun or hot water. Other coatings are self-healing. For example, Feynlab's self-healing ceramic coating is long-lasting and resistant to chemicals, bird droppings, scratches, dings, and oxidation. If the car acquires a little scratch or ding, the coating will self-heal once heated to 60°C. Waxing the car gives gloss and protection, but to be effective, the wax must be properly reapplied every month, unlike self-healing coatings. This could slow the expansion of the car wax business.

Impact of COVID-19 on the Car Waxes market

The COVID-19 pandemic posed issues for the car wax market since lockdowns and economic uncertainty restricted consumer purchasing of non-essential products. With mobility constraints and reduced vehicle usage, demand for automobile maintenance products like waxes decreased. Social distancing techniques also harmed automotive detailing services. However, as economies improved, a resurgence in car sales and a greater emphasis on vehicle maintenance aided the market's recovery. The transition to internet selling and an increased interest in DIY car care aided the post-pandemic revival of the car wax market. What is Car Wax?

The vehicle wax industry includes compounds that improve the beauty and preservation of automotive paint surfaces. Car Waxes, generally made from natural or synthetic substances, protect against environmental elements, UV radiation, and pollutants. These compounds help to achieve a glossy sheen, depth of color, and water-beading characteristics, extending the life of a vehicle's paint. Manufacturers, retailers, and online distributors are the market's key players. Consumer preferences are determined by simplicity of use, durability, and desired finish. With a focus on protecting and improving the aesthetic appeal of automobiles, the Car Waxes market caters to automotive enthusiasts and daily vehicle owners, striking a balance between protection and visual appeal.

At around 948,000 unit sales, light trucks remained the largest U.S. auto market segment in September 2024, down from around 1.2 unit sales in October 2024 and decreasing by approximately 11.2 percent year-on-year. Global chip shortage affects supply The second quarter of 2020 saw a significant drop in automotive sales volume compared to the year before. Most of the disruption was seen in May, before restrictions to curtail the coronavirus pandemic were lifted. Sales showed signs of recovery in the following months, before dropping again in 2021. The industry's inventory-to-sales ratio nosedived in May 2020, and has not fully recovered since. Supply issues were not felt as strongly across the automotive sector, while car demand was low due to national lockdowns brought on by the pandemic. However, as consumers' purchasing intentions picked up, vehicle stocks could not meet the new demand due to chip shortages, which led to production halts and cuts. U.S. vehicle sales gain momentum thanks to light truck sales As the year 2020 came to an end, motor vehicle sales in the United States finished on a high note. Following the Covid-19 disruption, the U.S. auto sector began to recover in the third quarter. However, the semiconductor shortage and global inflation further impacted sales in 2021 and 2022. In contrast, 2023 was an encouraging year. U.S. motor vehicle sales grew to over 15.5 million that year, which was the highest it had been since the onset of the pandemic. This jump in sales was partly due to light truck retail sales, which exceeded their pre-pandemic level in 2023.

The global connected car market is estimated to reach about ** billion U.S. dollars in 2021, up from some ** billion U.S. dollars in 2020. It is expected that the market will recover from the impact of the global coronavirus pandemic and grow to around *** billion U.S. dollars by 2025.

Used car dealers in the United States had a market size of ***** billion U.S. dollars in 2021. While the industry value dipped at the onset of the COVID-19 pandemic, used car sales quickly recovered, with used car dealers' market value hiking above its pre-pandemic levels. The used car market boom The used car market has been gaining steam since 2017 when the volume of used light vehicles sold hiked by just under ** percent year-over-year to **** million sales. By 2021, around **** million used light vehicles were sold in the U.S, representing just under ** percent of the total light vehicle sales in the country. While sales increased, the average used vehicle selling price also inflated—up ** percent year-over-year in 2021—with vans, sport-utility vehicles, and crossover utility vehicles recording the steepest price increase. The semiconductor shortage, forcing halts in new vehicle production, is partly responsible for this boom in the used car market. Most used vehicle retail inventory in June 2022 was priced above ****** U.S. dollars, making the used car market increasingly inaccessible to consumers. Light trucks at the forefront of sales U.S. consumer satisfaction with their overall shopping experience dropped in 2021, with used car buyers reporting a satisfaction rate of ** percent, compared to ** percent in 2020. While 2021 satisfaction is higher than in 2019, this denotes the impact of higher prices on customers. Most consumers opted for used light trucks instead of used automobiles. The net purchase of used light trucks spiked in the third quarter of 2019, reaching ***** billion U.S. dollars in the second quarter of 2022, while auto sales had a net purchase value of ** billion U.S. dollars that same quarter. The Ford F-150, Chevrolet Silverado 1500, and Ram Pickup 1500 were the 2016 to 2020 MY models with the largest share of used car sales in the U.S. Ford was also the third best-selling manufacturer for new vehicles in the U.S.