Worldwide car sales grew to around 78 million automobiles in 2024, up from around 75.3 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 80 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 25.8 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 U.S. auto industry sold nearly three million cars in 2024. That year, total car and light truck sales were approximately 15.9 million in the United States. U.S. vehicle sales peaked in 2016 at roughly 17.5 million 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 77 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 40 U.S. dollars per barrel. The decline occurred in tandem with lower gasoline prices, which came to about 2.17 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.

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.

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.

Car Registrations in Indonesia increased to 72295 Units in February from 61849 Units in January of 2025. This dataset provides - Indonesia Total Car Sales - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Number of units and total sales of new motor vehicles by type of vehicle, annual.

Motor Vehicle sales by county and quarter for some counties in Colorado since 2010. This data set is provided by the Department of Revenue (DOR).

Total Vehicle Sales in Chile decreased to 21044 Units in February from 25834 Units in January of 2025. This dataset provides - Chile Total Vehicle Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Total Vehicle Sales in China decreased to 2423000 Units in January from 3489000 Units in December of 2024. This dataset provides - China Total Vehicle Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, U.S. auto shoppers bought approximately 2.86 million autos. Meanwhile, light trucks accounted for more than 79 percent of light vehicles sold to individual customers and corporate fleets in the United States.

Total Vehicle Sales in Spain increased to 105346 Units in December from 83339 Units in November of 2024. This dataset provides the latest reported value for - Spain New Car Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Total Vehicle Sales in Australia increased to 94993 Units in February from 86804 Units in January of 2025. This dataset provides the latest reported value for - Australia New Car Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Brazil Motor Vehicle Sales: Passenger Cars

• Brazil Motor Vehicle Sales: Passenger Cars was reported at 1,721,400.000 Unit in Dec 2023.
• This records an increase from the previous number of 1,576,662.000 Unit for Dec 2022.
• Brazil Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 2,101,884.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 3,115,223.000 Unit in 2012 and a record low of 1,439,822.000 Unit in 2005.
• Brazil Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

The Report Covers Global Used Car Market Projections & Outlook and it is Segmented by Vehicle Type (Hatchback, Sedan, Sports Utility Vehicles Multi-Purpose Vehicles), Vendor Type (Organized and Unorganized), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The report offers market size and forecasts for used cars in terms of value (USD billion) for all the above segments.

The Report Covers the Australian Used Car Market Value & Forecast and It is Segmented by Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, Electric, and Others), Body Type (Hatchback, Sedan, Sports Utility Vehicle and Multi-Purpose Vehicle), and Sales Channel (Online and Offline). The Market Size and Forecasts for the Australian Used Car Market are Provided in Terms of Value (USD) for all the Above Segments.

Key information about United States Motor Vehicles Sales Growth

• United States Motor Vehicles Sales dropped 1.0 % in Feb 2025, compared with a growth of 2.8 % in the previous month.
• US Motor Vehicles Sales Growth rate is updated monthly, available from Jan 1977 to Feb 2025, with an average growth rate of 1.8 %.
• The data reached an all-time high of 109.5 % in Apr 2021 and a record low of -45.9 % in Apr 2020.
• Car Sales of US recorded 1,253,157.0 units in Feb 2025.

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UK Used Car Market Size 2025-2029

The uk used car market size is forecast to increase by USD 39.5 billion billion at a CAGR of 6.2% between 2024 and 2029.

The Used Car Market in the UK presents a significant value proposition for investors and businesses due to its size and growth dynamics. This market is driven by various factors, including the improving economic conditions, increasing consumer preference for cost-effective alternatives to new cars, and the rise of touchpoint management solutions that enhance the buying and selling experience. Furthermore, the emergence of car subscription services has added a new dimension to the market, offering flexibility and convenience to consumers. However, challenges such as increasing competition, regulatory changes, and the need for transparency and trust in the marketplace require strategic planning and innovation from market participants. Companies seeking to capitalize on these opportunities and navigate challenges effectively should focus on offering competitive pricing, exceptional customer service, and innovative solutions that address the evolving needs of consumers in the UK used car market.

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

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The used car market in the UK is a significant sector of the European automobile industry, characterized by demand and dynamic trends. With a vast dealership network and increasing online sales, this market caters to various consumer preferences, including sports utility vehicles (SUVs), passenger cars, hatchbacks, sedans, hybrid vehicles, and electric cars. The market's size is substantial, with millions of used vehicles transacted annually. Key trends include the growing popularity of SUVs, digital sales, and car subscription services. Online marketplaces, such as auto marketplaces and telecom industry platforms, facilitate transactions, offering consumers access to extensive vehicle history records, financing options, and vehicle quality information. Used car management companies, leasing offices, and car dealers play crucial roles in the market, providing services like vehicle inspections, appraisals, and certification. The market's direction is influenced by factors like consumer confidence, residual values, and the shift towards petrol engines, diesel vehicles, and alternative fuel options like hybrid and electric vehicles. Quality finance charges, off-lease vehicles, and blockchain records are increasingly shaping the market landscape, ensuring transparency and trust in used car transactions. The average ownership duration is decreasing, with consumers seeking more flexible financing options and convenient digital retailing experiences. Overall, the used car market in the UK remains a vibrant and evolving sector, adapting to consumer needs and technological advancements.

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. ChannelOrganizedUnorganizedVehicle TypeCompact carSUVMid sizeTypePetrolDieselOthersGeographyUK

By Channel Insights

The organized segment is estimated to witness significant growth during the forecast period.

Used cars in the UK market are primarily sold through organized companies, which include dealership chains, online marketplaces, and original equipment manufacturers (OEM)-affiliated dealerships. These organizations ensure a smooth vehicle ownership transfer with local government collaborations and complete transparency regarding timelines and fees. They offer technical expertise and financial support to buyers, enabling a more convenient and trustworthy purchasing experience. The rise of online marketplaces, such as Motors.Co.Uk, with features like virtual showrooms and detailed vehicle histories, has significantly contributed to the growth of the used car sector. Organized companies' ability to digitalize and create a seamless interface is a key driver for sales during the forecast period.

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The Organized segment was valued at USD 78.40 billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of UK Used Car Market?

Excellent value for money proposition of used cars is the key driver of the market. The used car market in the UK has witnessed significant growth due to the increasing number of automakers entering this sector and the

Total Vehicle Sales in Russia increased to 155277 Units in August from 142763 Units in July of 2024. This dataset provides - Russia Total Vehicle Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Car Registrations in India decreased to 377689 Units in February from 399386 Units in January of 2025. This dataset provides - India Car Sales - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Florida (MSRSFL441) from Jan 2019 to Nov 2024 about dealers, parts, vehicles, retail trade, FL, sales, retail, and USA.