This graph illustrates the number of existing car models offered in the U.S. market from 1997 through 2019. In 2019, there were 257 existing car models offered in the U.S. market. This figure is expected to increase to around 285 by 2023.

There were 34 new car models offered in the U.S. market in 2021, down from 42 new models the previous year. Overall, the number of new models offered each year is tipped to almost double by 2025, reaching some 62 new car models that year.

The U.S. sport utility vehicle market Between 2011 and 2020, crossovers made up the largest share of the country’s automobile market, accounting for 38 percent of new car models during this period of time. It is expected that the crossover segment will gain additional market share between 2022 and 2025, with every second new model being a crossover. Toyota was the leading sport utility vehicle manufacturer in the first half of 2021, the Toyota RAV4 being the best-selling SUV in the U.S. market at some 114,225 units. The same model totaled around 995,762 sales worldwide in 2020.

Car models offered in the U.S. market

In terms of U.S. passenger car sales, Ford was the most important car brand as of 2020, followed by Toyota, Chevrolet, and Honda. About 2.2 million passenger cars were produced in the United States in 2020, the lowest number since 2010. As of 2020, the Ford F-Series was among the best selling car or light truck models in the world, topping 968,000 sales that year. The Ford F-Series, which have been available since the 1940s, is a series of light-duty trucks and medium-duty trucks. Ford's second best selling passenger car is the Ford Focus, which began production in 1998 under the Ford Motor Company in Europe and soon after moved to North America in 1999.

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.

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.

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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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The graph displays the number of retail car sales in the United States from 1976 to 2025. The x-axis represents the years, ranging from 1976 to 2025, while the y-axis indicates the number of cars sold, spanning from 10,357,300 to 17,477,300. Throughout this period, car sales exhibit significant fluctuations, with the highest sales of 17,477,300 units occurring in 2016 and the lowest of 10,357,300 units in 1982. Overall, the data reveals an upward trend in retail car sales over the decades, despite occasional declines during certain years. The information is presented in a line graph format, effectively highlighting the annual variations and long-term growth in car sales within the United States.

Electric Vehicle Sales: Tesla: Tesla Model S data was reported at 1,280.000 Unit in Mar 2025. This records a decrease from the previous number of 1,623.000 Unit for Dec 2024. Electric Vehicle Sales: Tesla: Tesla Model S data is updated quarterly, averaging 4,610.000 Unit from Mar 2021 (Median) to Mar 2025, with 17 observations. The data reached an all-time high of 9,211.000 Unit in Dec 2022 and a record low of 1,280.000 Unit in Mar 2025. Electric Vehicle Sales: 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.RA007: Electric Vehicle Sales: by Brand and Model.

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.

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.

Fuel Cell Electric Vehicle Sales: ytd: Honda: Honda Clarity data was reported at 226.000 Unit in Dec 2022. This stayed constant from the previous number of 226.000 Unit for Sep 2022. Fuel Cell Electric Vehicle Sales: ytd: Honda: Honda Clarity data is updated quarterly, averaging 226.000 Unit from Jun 2021 (Median) to Dec 2022, with 7 observations. The data reached an all-time high of 2,103.000 Unit in Jun 2021 and a record low of 154.000 Unit in Mar 2022. Fuel Cell Electric Vehicle Sales: ytd: Honda: Honda Clarity 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.

The Toyota RAV4 was the best-selling Sport utility vehicle in the United States, with some ******* vehicles sold until December 2024. Toyota was the also leading brand for passenger cars during this period, with the Toyota Camry recording around ******* sales. Customer preferences The total number of autos sold in the United States seems to have reached a plateau in 2018. The recent decline in the number of new cars sold in the United States can be indicative of shifting consumer interests towards light trucks, as well as of the impact of the price inflation and supply chain disruptions on new vehicle demand. Some **** million autos and **** million light trucks were sold in the United States in 2023. The Toyota Camry, the best-selling car in the United States, accounted for *** in ***** vehicles sold under the Toyota brand in the United States in 2019. Toyota's annual U.S. sales tally came to around *** million units five years later. About the U.S. auto industry The U.S. automotive industry is unique in a way that much of the U.S. population relies on motor vehicles as a primary mode of transportation. Government subsidies and taxes make the automotive industry in the U.S. much more accessible than in other markets. General Motors is the largest manufacturer in the United States.

Electric Vehicle Sales: ytd: Mercedes data was reported at 3,472.000 Unit in Mar 2025. This records a decrease from the previous number of 28,154.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: Mercedes data is updated quarterly, averaging 8,336.000 Unit from Sep 2021 (Median) to Mar 2025, with 15 observations. The data reached an all-time high of 47,582.000 Unit in Dec 2023 and a record low of 443.000 Unit in Dec 2021. Electric Vehicle Sales: ytd: Mercedes 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.

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.

Automobile wholesalers are crucial in distributing vehicles, such as new and used automobiles, light and heavy trucks, SUVs, motorcycles, trailers, buses and motor homes. However, their scope excludes motor vehicle parts or tire sellers. Amidst this backdrop, wholesalers have navigated turbulent supply chains and fluctuating economic conditions. The complexity of managing these challenges has been significant, as they deal with disruptions in metal and electronic component supplies, leading to increased purchase costs and diminished profit margins. Revenue has strengthened at an expected CAGR of 4.4% to $924.5 billion through the current period, including a 2.6% increase in 2025, with profit accounting for 3.7% of revenue. The industry has undoubtedly faced uncertain times recently, marked by severe supply shortages. These shortages have driven up purchasing prices, impacting profitability. Nonetheless, the strong performance of the used car market has offered some relief, balancing the decline in new car sales, particularly in 2022. Furthermore, introducing electric vehicles (EVs) and hybrid models has provided a fresh revenue stream, aiding wholesalers in adapting to shifting market demands. As consumers increasingly look towards more environmentally friendly options, the presence of these vehicles in inventories has become essential for maintaining relevance and profit. Looking ahead, the automotive wholesale industry anticipates accelerated growth. Improved economic conditions, rising per capita disposable income, and elevated consumer confidence are expected to drive increased consumer spending. This trend suggests a boost in new car purchases and a surge in demand for more expensive vehicle models. Environmental considerations and supportive government policies are poised to reshape the market. With the increased adoption of EVs, wholesalers will need to revamp their inventories to align with evolving consumer preferences. Also, incentives like rebates and tax breaks for fuel-efficient vehicles are expected to enhance their appeal, pushing the industry towards a more sustainable future. Revenue will climb at an expected CAGR of 2.3% to $1,037.0 billion through the outlook period, where profit will climb to 3.8%.

Electric Vehicle Sales: ytd: Chevrolet: Chevrolet Silverado data was reported at 2,383.000 Unit in Mar 2025. This records a decrease from the previous number of 7,428.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: Chevrolet: Chevrolet Silverado data is updated quarterly, averaging 1,722.000 Unit from Sep 2023 (Median) to Mar 2025, with 6 observations. The data reached an all-time high of 7,428.000 Unit in Dec 2024 and a record low of 18.000 Unit in Sep 2023. Electric Vehicle Sales: ytd: Chevrolet: Chevrolet Silverado 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.

BCC Market Research Report for Automotive Sales. Get North American Car Sales by Model for United States, Canada and Mexico from January 2015 to December 2019.

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.

In 2023, the Ford F-150 was the best-selling used car model in the United States. With a market share of 3.3 percent, the F-150 was followed by the Chevrolet Silverado, Chevrolet Equinox, and Ram 1500. Three of these four car models were among the global best-sellers in 2023.

Number of units and total sales of new motor vehicles by vehicle type and origin of manufacture, monthly.

United States Electric Vehicle Sales: Genesis: Genesis G80 data was reported at 51.000 Unit in Mar 2025. This records a decrease from the previous number of 102.000 Unit for Dec 2024. United States Electric Vehicle Sales: Genesis: Genesis G80 data is updated quarterly, averaging 124.500 Unit from Sep 2022 (Median) to Mar 2025, with 10 observations. The data reached an all-time high of 471.000 Unit in Sep 2023 and a record low of 36.000 Unit in Jun 2024. United States Electric Vehicle Sales: Genesis: Genesis G80 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.