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.

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.

In the fourth quarter of 2024, there were around 292.3 million vehicles operating on roads throughout the United States. Almost 39.2 million used vehicles changed owners in the U.S. between the fourth quarter of 2023 and the fourth quarter of 2024, while new registrations of vehicles came to about 15.8 million units during that period. Automotive market disparities The number of licensed drivers had been steadily increasing up to just under 237,700 in 2023, but the automotive market has been impacted by economic developments over the past few years. The U.S. vehicle fleet is aging, reflected by the slow increase in the average vehicle age from 11.7 years in 2018 to over 12 years in 2024. This is in part due to market disparities. The average selling price of new vehicles has been increasing to nearly 47,700 U.S. dollars in 2024, up from under 35,000 in 2016. Used car prices have been declining after the chip shortages linked to the COVID-19 pandemic, reaching around 28,400 U.S. dollars in 2024. The majority of U.S. car owners earned more than 40,000 U.S. dollars per years, with the 50,000 to 75,000 income group owning over 33 percent of the vehicles in use. The boom of the used vehicle market Close to three-quarter of new car buyers were born between 1946 and 1981, with Gen X being the leading consumers by age group for both the new and used vehicle market. Used light vehicle sales have been steadily increasing since 2010, representing well over double the size of the new light vehicle market in 2024. With a product range priced below new vehicle prices, used vehicles are gaining momentum in the United States. The average American household spends some 5,500 U.S. dollars on vehicle purchases annually, with consumers in income groups earning above 100,000 U.S. dollars per year spending above 7,200 dollars annually on car buying. Used vehicle financing options are naturally more affordable than new vehicle financing options, with an average monthly payment over 726 dollars for loan payments for new vehicles.

Application and use cases

1 )Market Analysis: Evaluate overall trends and regional variations in car sales to assess manufacturer performance, model preferences, and demographic insights. 2) Seasonal Patterns and Competitor Analysis: Investigate seasonal and cyclical patterns in sales. 3) Forecasting and Predictive Analysis Use historical data for forecasting and predict future market trends. Support marketing, advertising, and investment decisions based on insights. 4) Supply Chain and Inventory Optimization: Provide valuable data for stakeholders in the automotive industry.

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.

Used Cars Dataset

Overview This dataset contains information about used cars in the Indian market, comprising 15,000 entries with 11 detailed attributes. The data appears to be collected up to November 2024, providing a comprehensive view of the second-hand car market in India.

Dataset Features

Brand: Car manufacturer (e.g., Volkswagen, Maruti Suzuki, Honda, Tata)
Model: Specific car model (e.g., Taigun, Baleno, Polo, WRV)
Year: Manufacturing year of the vehicle (ranging from older models to 2024)
Age: Age of the vehicle in years
kmDriven: Total kilometers driven by the vehicle
Transmission: Type of transmission (Manual or Automatic)
Owner: Ownership status (first or second owner)
FuelType: Type of fuel (Petrol, Diesel, Hybrid/CNG)
PostedDate: When the car listing was posted
AdditionalInfo: Extra details about the vehicle
AskPrice: Listed price in Indian Rupees (₹)

Dataset Statistics

• Total entries: 14,993
• Columns: 11
• Memory usage: 1.94+ MB
• Data types: Mixed (int64 and object)

Potential Use Cases

• Price prediction modeling for used cars in India
• Market analysis of different car segments
• Study of depreciation patterns
• Analysis of fuel type preferences
• Understanding transmission preferences in the Indian market
• Examining the relationship between kilometers driven and pricing
• Brand value retention analysis

This dataset would be valuable for data scientists, automotive market analysts, and machine learning practitioners interested in the Indian automotive sector.

Mexico Passenger Cars: Per One Thousand Inhabitants data was reported at 296.133 Ratio in 2023. This records an increase from the previous number of 286.799 Ratio for 2022. Mexico Passenger Cars: Per One Thousand Inhabitants data is updated yearly, averaging 180.919 Ratio from Dec 1994 (Median) to 2023, with 30 observations. The data reached an all-time high of 296.133 Ratio in 2023 and a record low of 81.728 Ratio in 1994. Mexico Passenger Cars: Per One Thousand Inhabitants data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Mexico – Table MX.OECD.ITF: Motor Vehicles Statistics: OECD Member: Annual. [COVERAGE] PASSENGER CARS A passenger car is a road motor vehicle, other than a moped or a motorcycle, intended for the carriage of passengers and designed to seat no more than nine people (including the driver). It refers to category M1 of the UN Consolidated Resolution on the Construction of Vehicles. Passenger cars, vans designed and used primarily for transport of passengers, taxis, hire cars, ambulances and motor homes are not included. Light goods road vehicles, motor-coaches and buses and mini-buses/mini-coaches are not included. Microcars (needing no permit to be driven), taxis and passenger hire cars, provided that they have fewer than ten seats, are included. [STAT_CONC_DEF] PASSENGER CARS The stock of road motor vehicles is the number of road motor vehicles registered at a given date in a country and licenced to use roads open to public traffic. This includes road vehicles exempted from annual taxes or licence fee; it also includes imported second-hand vehicles and other road vehicles according to national practices. It should not include military vehicles.

Snapshot img

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?

Request Free Sample

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.

D

This dataset provides values for TOTAL VEHICLE SALES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

United States Motor Vehicle Registration: Total data was reported at 283.401 Unit mn in 2022. This records an increase from the previous number of 282.355 Unit mn for 2021. United States Motor Vehicle Registration: Total data is updated yearly, averaging 93.950 Unit mn from Dec 1910 (Median) to 2022, with 113 observations. The data reached an all-time high of 283.401 Unit mn in 2022 and a record low of 0.469 Unit mn in 1910. United States Motor Vehicle Registration: Total data remains active status in CEIC and is reported by Federal Highway Administration. The data is categorized under Global Database’s United States – Table US.TA011: Motor Vehicle Registration. Data starting 2011 includes information on motorcycle registrations.

In 2018, about 511,500 cars were sold in Florida, making it the second best performing state in terms of car sales. Car sales are losing popularity in the United States with more motorists preferring other segments such as small trucks, SUVs, and minivans. Overall, some 1.3 million light vehicles were sold to customers in Florida in 2018. California dominates traditional and electric car sales California is not only the largest market for cars but also for plug-in electric vehicles. The state is known for progressive state legislation that promotes the manufacturing and sale of electric vehicles. It is also the home to the Tesla headquarters. The company is behind much of the growth of electric vehicles in the United States. Over 4.7 percent of California’s new vehicle sales in 2018 were electric vehicles. The Californian electric vehicle fleet is expected to surpass three million vehicles by 2030. With so many electric vehicles on the road, heavy investments must be made into electric vehicle infrastructure. An extensive network of charging stations has been set up along highways between Mexico and Canada. The ‘West Coast Green Highway’ consists of hundreds of fast chargers in California, Oregon, and Washington. Pacific Coast states accounted for over half of all U.S. electric vehicle sales in 2018.

Graph and download economic data for Consumer Price Index for All Urban Consumers: New Vehicles in U.S. City Average (CUUR0000SETA01) from Mar 1947 to Apr 2025 about vehicles, urban, new, consumer, CPI, inflation, price index, indexes, price, and USA.

Total Vehicle Sales in China increased to 2915000 Units in March from 2129000 Units in February of 2025. This dataset provides - China Total Vehicle Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Motor Vehicle Retail Sales: Domestic Autos (DAUTOSA) from Jan 1967 to May 2025 about headline figure, vehicles, retail trade, domestic, new, sales, retail, and USA.

Passenger Cars: Per One Million Units of Current USD GDP data was reported at 4.236 Ratio in 2023. This records a decrease from the previous number of 4.251 Ratio for 2022. Passenger Cars: Per One Million Units of Current USD GDP data is updated yearly, averaging 7.963 Ratio from Dec 1994 (Median) to 2023, with 30 observations. The data reached an all-time high of 16.446 Ratio in 1994 and a record low of 4.236 Ratio in 2023. Passenger Cars: Per One Million Units of Current USD GDP data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Ireland – Table IE.OECD.ITF: Motor Vehicles Statistics: OECD Member: Annual. [COVERAGE] PASSENGER CARS A passenger car is a road motor vehicle, other than a moped or a motorcycle, intended for the carriage of passengers and designed to seat no more than nine people (including the driver). It refers to category M1 of the UN Consolidated Resolution on the Construction of Vehicles. Passenger cars, vans designed and used primarily for transport of passengers, taxis, hire cars, ambulances and motor homes are not included. Light goods road vehicles, motor-coaches and buses and mini-buses/mini-coaches are not included. Microcars (needing no permit to be driven), taxis and passenger hire cars, provided that they have fewer than ten seats, are included. [COVERAGE] PASSENGER CARS Data do not include taxis and hackneys. [STAT_CONC_DEF] PASSENGER CARS The stock of road motor vehicles is the number of road motor vehicles registered at a given date in a country and licenced to use roads open to public traffic. This includes road vehicles exempted from annual taxes or licence fee; it also includes imported second-hand vehicles and other road vehicles according to national practices. It should not include military vehicles.

First Registrations of Brand New Passenger Cars data was reported at 746,788.000 Number in Dec 2024. This records an increase from the previous number of 738,592.000 Number for Sep 2024. First Registrations of Brand New Passenger Cars data is updated quarterly, averaging 747,191.500 Number from Mar 2020 (Median) to Dec 2024, with 20 observations. The data reached an all-time high of 1,044,835.000 Number in Jun 2021 and a record low of 652,191.000 Number in Dec 2021. First Registrations of Brand New Passenger Cars data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s United States – Table US.OECD.ITF: Motor Vehicles Statistics: OECD Member: Quarterly. [COVERAGE] A passenger car is a road motor vehicle, other than a motorcycle, intended for the carriage of passengers and designed to seat no more than nine persons (including the driver). The term 'passenger car' therefore covers microcars (need no permit to be driven), taxis and hired passenger cars, provided that they have fewer than ten seats. This category may also include pick-ups. [COVERAGE] Data do not include light trucks. [STAT_CONC_DEF] Until 2008, data are not available. Quarterly and monthly data are not available. Since 2022, data are not yet available.

Car Registrations in Sweden increased to 24292 Units in April from 24204 Units in March of 2025. This dataset provides - Sweden Car Registrations - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Graph and download economic data for Retail Sales: Used Car Dealers (MRTSMPCSM44112USN) from Feb 1992 to Mar 2025 about used, dealers, vehicles, retail trade, sales, retail, and USA.