In 2024, the auto industry in the United States sold approximately 15.9 million light vehicle units. This figure includes retail sales of about three million passenger cars and just under 12.9 million light trucks. Lower fuel consumption There are many kinds of light vehicles available in the United States. Light-duty vehicles are popular for their utility and improved fuel economy, making them an ideal choice for savvy consumers. As of Model Year 2023, the light vehicle manufacturer with the best overall miles per gallon was Kia, with one gallon of gas allowing for 30.4 miles on the road. Higher brand satisfaction When asked about light vehicle satisfaction, consumers in the United States were most satisfied with Toyota, Subaru, Tesla, and Mercedes-Benz models. Another survey conducted in 2018 and quizzing respondents on their stance regarding the leading car brands indicated that Lexus was among the most dependable brands based on the number of problems reported per 100 vehicles.

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.

Electric Vehicle Sales: ytd: Hyundai: Hyundai IONIQ 5 data was reported at 8,611.000 Unit in Mar 2025. This records a decrease from the previous number of 44,400.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: Hyundai: Hyundai IONIQ 5 data is updated quarterly, averaging 16,092.000 Unit from Dec 2021 (Median) to Mar 2025, with 14 observations. The data reached an all-time high of 44,400.000 Unit in Dec 2024 and a record low of 153.000 Unit in Dec 2021. Electric Vehicle Sales: ytd: Hyundai: Hyundai IONIQ 5 data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA008: Electric Vehicle Sales: by Brand and Model: ytd.

Autos include all passenger cars, including station wagons. The U.S. Bureau of Economic Analysis releases auto and truck sales data, which are used in the preparation of estimates of personal consumption expenditures.

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US Used Car Market Size 2025-2029

The us used car market size is forecast to increase by USD 40.2 billion at a CAGR of 4.3% between 2024 and 2029.

The used car market in the US exhibits robust growth, driven by the excellent value proposition that pre-owned vehicles offer to consumers. This market trend is further bolstered by the increasing penetration of online platforms dedicated to selling used cars, providing greater convenience and accessibility for buyers. However, the market faces regulatory challenges as stricter emission regulations limit the sale of non-compliant used cars, necessitating investments in upgrading inventory and adhering to regulatory frameworks. These hurdles, while significant, can be navigated through strategic partnerships with emission testing centers and ongoing investment in fleet modernization. Companies that effectively address these challenges and leverage the opportunities presented by the growing demand for used cars and the digital shift in sales channels will thrive in this dynamic market.

What will be the size of the US Used Car Market during the forecast period?

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In the dynamic used car market, consumers face various challenges such as car scams and fraudulent activities. To mitigate risks, car buyers turn to comprehensive car buying guides and car detailing services. A VIN number check is essential for vehicle identification and history assessment, while emissions testing ensures environmental compliance. Car sharing and subscription services offer flexible mobility solutions. Vehicle registration and title transfer processes can be streamlined through digital means, and car refurbishment and connected car technology enhance safety and convenience. Blind spot monitoring and adaptive cruise control are popular safety features, while collision avoidance systems and lane departure warning systems provide added protection. Used car logistics and online financing applications simplify the purchasing process, and extended warranties offer peace of mind. Wireless charging, smartphone integration, and vehicle diagnostics are essential features for modern cars. Sustainable mobility and car comparison tools cater to eco-conscious consumers, while car maintenance schedules and roadside assistance ensure long-term vehicle care. Remote vehicle inspection and car care tips help maintain a car's resale value, and car subscription services offer flexible ownership alternatives. Used car fraud prevention and vehicle identification technologies protect buyers from potential risks. Car safety ratings and vehicle identification numbers are crucial tools for informed decision-making.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. Distribution Channel3P channel salesOEM channel salesProductMid sizeFull sizeCompact sizeVendor TypeOrganizedUnorganizedFuel TypeDieselPetrolGeographyNorth AmericaUS

By Distribution Channel Insights

The 3p channel sales segment is estimated to witness significant growth during the forecast period.

The used car market in the US is a dynamic and significant sector, with numerous entities shaping its activity. Used car buyers continuously seek value, leading to a high demand for pre-owned vehicles. Search engine optimization and online advertising play crucial roles in connecting buyers with sellers, whether they're private parties or car dealerships. Wholesale car lots and auctions provide inventory for dealerships, ensuring a steady supply of used cars. Fleet vehicles, often traded in for newer models, contribute to the used car inventory. Maintenance records and vehicle history reports are essential for buyers, influencing their purchasing decisions. Safety features, infotainment systems, and driver assistance are increasingly desired in used cars, especially among budget-conscious consumers and luxury car buyers. Electric and hybrid vehicles are gaining popularity, driving the demand for used models in these categories. Car negotiation, fuel economy, and vehicle valuation are essential factors in used car selling. Digital marketing, including social media, mobile apps, and data analytics, helps sellers reach a wider audience. Certified pre-owned vehicles, reconditioned cars, and consignment sales offer buyers additional options and peace of mind. Car financing, vehicle inspections, and warranties are essential components of the used car buying process. Autonomous driving technology and car pricing trends continue to evolve, impacting the used car market. As the average ownership cycle shortens, the market will see an increase in the availability of used cars, making it an exciting and ever-changing landscape for both buyers and sellers.

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Electric Vehicle Sales: ytd: Tesla: Tesla Model S data was reported at 1,280.000 Unit in Mar 2025. This records a decrease from the previous number of 12,426.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: Tesla: Tesla Model S data is updated quarterly, averaging 10,803.000 Unit from Mar 2021 (Median) to Mar 2025, with 17 observations. The data reached an all-time high of 32,675.000 Unit in Dec 2022 and a record low of 1,280.000 Unit in Mar 2025. Electric Vehicle Sales: ytd: Tesla: Tesla Model S data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA008: Electric Vehicle Sales: by Brand and Model: ytd.

Total Vehicle Sales in the United States decreased to 15.65 Million in May from 17.27 Million in April of 2025. This dataset provides the latest reported value for - United States Total Vehicle Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Tesla Model Y was the best-selling car model in 2024, topping 1.09 million sales. It was followed closely by the Toyota Corolla. Overall global car sales grew to roughly 75.3 million units in 2023, and are estimated to have reached over 77 million in 2024. Toyota’s next top model   Car shoppers purchased more than one million Toyota Corolla models, making it the world’s second most popular car in 2024. Toyota consistently ranked among the most valuable car brands within the global automotive sector. As of June 2024, it came in second only to Tesla, beating out other competitors such as Mercedes-Benz or Honda.  Big in North America   North America was the primary international market for Toyota vehicle sales, with sales volumes just above the domestic market. The Toyota RAV4, third in the ranking worldwide, was the best-selling SUV model in the U.S. market. The Ford F-Series truck also has a history of setting records in North America, as it is also the best-selling light truck model series in the United States. However, the model is less popular outside of these two markets. Only a little small number of such vehicles were sold in other markets.

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. 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.

This dataset is prepared for statistical factor pricing models and standardized across variables including country, region, currency, vendor, artist for seamless data filtering.

Between January and December 2024, General Motors was the leading automotive manufacturer based on sales in the United States. The Detroit company sold nearly 2.7 million passenger cars and light trucks in the U.S., which was around 10,000 more vehicles compared with the same time period one year earlier. Most other manufacturers also recorded an increase in sales in 2024 as they rebounded from the impact of the semiconductor shortage. Tesla, in contrast, reported a year-over-year decrease in sales volume. Electric sales continue growth In 2023, electric vehicles have fared better than conventional vehicles so far. Tesla’s vehicle sales are indicative of this trend on a global level, despite a slight decrease in U.S. sales. Tesla's worldwide deliveries broke records in 2023. However, competition is beginning to gain momentum, and manufacturers such as General Motors are continuing to add new electric vehicle models into their range of vehicles offered. Newcomers such as the Lucid Group and Karma Automotive are also gaining speed, with the Lucid Air Dream Edition Range being the electric vehicle from Model Year 2023 with the longest range. Vehicle market trends stabilize Annual retail sales of new light vehicles in the United States peaked in 2016, when the industry sold over three million units more than in 2020. The declining trend took place during a period of stagnation in the global automotive market, which saw light vehicle sales decline by around 14.4 percent between 2019 and 2020. Though 2023 recorded an uptick in light vehicle sales, this volume remained below pre-pandemic levels. During the 2020 coronavirus pandemic, transport modes that minimize contact with other people have become more attractive. U.S. vehicle sales have been relatively stable across 2022, and had started to grow in 2023.

Electric Vehicle Sales: Tesla: Tesla Model Y data was reported at 64,051.000 Unit in Mar 2025. This records a decrease from the previous number of 85,506.000 Unit for Dec 2024. Electric Vehicle Sales: Tesla: Tesla Model Y data is updated quarterly, averaging 71,358.000 Unit from Mar 2021 (Median) to Mar 2025, with 17 observations. The data reached an all-time high of 105,158.000 Unit in Jun 2023 and a record low of 37,700.000 Unit in Mar 2021. Electric Vehicle Sales: Tesla: Tesla Model Y data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA007: Electric Vehicle Sales: by Brand and Model.

The number of new and used vehicles and the sales dollars respectively sold by month. MDOT MVA’s Customer Connect modernization project, implemented in July 2020, has increased the amount of data that is collected and used to calculate car sales. This data is updated in real time and may fluctuate based on external factors, including electronic submissions from dealers and other vendors.

Peru: New passenger car sales, numbers per year: The latest value from 2023 is 116724 passenger cars, a decline from 118915 passenger cars in 2022. In comparison, the world average is 1102394 passenger cars, based on data from 57 countries. Historically, the average for Peru from 2005 to 2023 is 95075 passenger cars. The minimum value, 14231 passenger cars, was reached in 2005 while the maximum of 140363 passenger cars was recorded in 2014.

Car Registrations in Indonesia increased to 60613 Units in May from 51205 Units in April of 2025. This dataset provides - Indonesia Total Car Sales - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Retail Sales: Used Car Dealers (MRTSSM44112USN) from Jan 1992 to Apr 2025 about used, dealers, vehicles, retail trade, sales, retail, and USA.

Total Vehicle Sales in China decreased to 2686 Units in May from 2590000 Units in April of 2025. This dataset provides - China Total Vehicle Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Alesco Data's Automotive records are updated monthly from millions of proprietary sourced vehicle transactions. These incoming transactions are processed through compilation rules and are either added as new, incremental records to our file, or contribute to validating existing records.

Our recent focus is on compiling new vehicle ownership, and the file includes over 14.2 million late model vehicle owners (2020-2025).

In addition, we append our Persistent ID, telephone numbers, and demographics for a complete file that can support your direct mail and email marketing, lead validation, and identity verification needs. A Persistent ID is assigned to each vehicle record and tracks consumers as they change addresses or phone numbers, and vehicles as they change owners.

The database is not derived from state motor vehicle databases and therefore not subject to the Shelby Act also known as the Driver's Privacy Protection Act (DPPA) of 2000. The data is deterministic and sources include sales and service data, warranty data and notifications, aftermarket repair and maintenance facilities, and scheduled maintenance records.

Fields Included: -Make -Model -Year -VIN -Vehicle Class Code (crossover, SUV, full-size, mid-size, small) -Vehicle Fuel Code (gas, flex, hybrid) -Vehicle Style Code (sport, pickup, utility, sedan) -Mileage -Number of Vehicles per Household -First seen date -Last seen date -Email

How many Tesla vehicles were delivered in 2025? Tesla's vehicle deliveries in the first quarter of 2025 amounted to around 336,700 units. Quarterly deliveries decreased by around 32.1 percent during the first quarter of 2025, compared with the fourth quarter of 2024. Between October and December 2024, deliveries crossed the 495,500 unit threshold, a new record for the brand. World's most valuable brand As of March 2025, Tesla was the most valuable brand within the global automotive sector. The brand was over double the brand value of Toyota, which was second in the ranking. April 2025 also recorded Tesla among the ten leading companies in the S&P 500 Index based on market capitalization, with a market cap around 798.1 billion U.S. dollars. Tesla enters the mainstream segment The initial rise in Tesla's market value was largely due to the release of its top-selling Model 3. The Model 3 was Tesla’s successful attempt to tap into the mainstream segment. By 2024, this Model consistently ranked among the world’s best-selling all-electric vehicle models, along with the bestseller Model Y. The Model 3 faces tough competition from other Tesla models, including the Model Y and the refreshed Model S Plaid.

The Car Prices dataset contains detailed information about various car models, including their manufacturing year, make, model, trim, body type, transmission, and state of condition. With over 550,000 entries, this dataset is an excellent resource for exploring trends in car prices, analyzing market value fluctuations, and developing predictive models for the automotive industry.

Features

1. Year: Manufacturing year of the vehicle (Range: 1982-2015).
2. Make: Brand of the car (Top makes: Ford - 17%, Chevrolet - 11%).
3. Model: Specific car models, including Altima (3%), F-150 (3%), and others.
4. Trim: Vehicle trim level or variant (Base - 10%, SE - 8%).
5. Body: Body type, such as Sedan (36%), SUV (21%), etc.
6. Transmission: Type of transmission (85% Automatic, 12% unknown).
7. VIN: Vehicle Identification Number, unique to each car.
8. State: Location where the vehicle is registered (e.g., CA - 13%, FL - 15%).
9. Condition: Condition score of the car (1–5 scale).
10. Odometer: Mileage covered by the car (Range: 1 to 1,000,000+ miles).

Use Cases

• Price Prediction: Build machine learning models to predict car prices based on features like make, model, year, and mileage.
• Market Analysis: Identify trends in car preferences and sales across different regions.
• Depreciation Study: Study how different brands and models lose value over time.

Statistics Overview

• Years Distribution: The dataset spans from 1982 to 2015, with most entries concentrated in the 2000s.
• Popular Brands: Ford and Chevrolet dominate the entries.
• Body Type Distribution: Sedans and SUVs make up over 50% of the dataset.
• Condition Scores: Vehicles with a condition score of 4-5 are most common.

Example Records

License

This dataset is available under the MIT License, making it suitable for both commercial and non-commercial use.

Tags

• Car Pricing
• Automotive Market
• Machine Learning
• Price Prediction
• Data Analysis

Download Now and explore the intricacies of car prices with this rich and diverse dataset!