Some 283.4 million vehicles were registered in the United States in 2022. The figures include passenger cars, motorcycles, trucks, buses, and other vehicles. The number of light trucks sold in the U.S. stood at 10.9 million units in 2022. U.S. vehicle registrations The United States is one of the world’s largest automobile markets based on the number of new light vehicle registrations, with more than 13.8 million new light vehicle registrations in 2021. However, domestic production of automobiles fell to around 1.6 million units in 2021 and has struggled to increase in 2022. At the same time, the United States imports a significant number of vehicles from various countries, such as Japan, Mexico, and Canada. Leading car manufacturers in the United States The leading car manufacturers overall in the United States include the domestic heavyweights General Motors and Ford. With respect to car brands, the Ford brand clocked in at number one in 2022, selling around 1.8 million vehicles in the United States alone. The brand's holding company is the Ford Motor Company; it was founded by Henry Ford in 1903 in Dearborn, Michigan. The company pioneered in large-scale car manufacturing and introduced production methods such as the assembly line.

In the fourth quarter of 2024, there were around ***** million vehicles operating on roads throughout the United States. Almost **** 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 **** million units during that period. Automotive market disparities The number of licensed drivers had been steadily increasing up to just under ******* 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 **** years in 2018 to over ** years in 2024. This is in part due to market disparities. The average selling price of new vehicles has been increasing to nearly ****** U.S. dollars in 2024, up from under ****** in 2016. Used car prices have been declining after the chip shortages linked to the COVID-19 pandemic, reaching around ****** U.S. dollars in 2024. The majority of U.S. car owners earned more than ****** U.S. dollars per years, with the ****** to ****** income group owning over ** percent of the vehicles in use. The boom of the used vehicle market Close to ************* 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 ***** U.S. dollars on vehicle purchases annually, with consumers in income groups earning above 100,000 U.S. dollars per year spending above ***** dollars annually on car buying. Used vehicle financing options are naturally more affordable than new vehicle financing options, with an average monthly payment over *** dollars for loan payments for new vehicles.

Total Vehicle Sales in the United States decreased to 15.30 Million in June from 15.70 Million in May 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.

Key information about United States Motor Vehicle Sales: Passenger Cars

• United States Motor Vehicle Sales: Passenger Cars was reported at 3,116,647.000 Unit in Dec 2023.
• This records an increase from the previous number of 2,858,575.000 Unit for Dec 2022.
• US Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 6,089,403.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 7,761,592.000 Unit in 2006 and a record low of 2,858,575.000 Unit in 2022.
• US 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).

Key information about US Registered Motor Vehicles

• US Registered Motor Vehicles was reported at 289,037.000 Unit th in Dec 2020.
• This records an increase from the previous number of 264,194.366 Unit th for Dec 2015.
• US Registered Motor Vehicles data is updated yearly, averaging 249,392.500 Unit th from Dec 2005 to 2020, with 12 observations.
• The data reached an all-time high of 289,037.000 Unit th in 2020 and a record low of 237,697.000 Unit th in 2005.
• US Registered Motor Vehicles 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.VIU: Vehicle In Use: by Country (Discontinued).

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.

In 2022, California was the federal state with the highest number of motor vehicle registrations in the United States. More than **** million motor vehicles were registered in the nation’s most populous state. Overall, the United States recorded over ***** million vehicle registrations. Vehicle classes Automobiles and trucks are the leading categories in terms of motor vehicle sales in the United States, accounting for roughly ** percent of all registrations. Motorcycles and buses comprise the remaining categories, with buses accounting for a miniscule **** percent of registrations. In terms of sales, light trucks were the most popular category in 2023 with retail sales of nearly **** million units. Leading state California recorded around **** million registrations of automobiles and trucks, having a resident population of just under ** million people. California is the largest market for car registration. The state is known for progressive state legislation that promotes the manufacturing and sale of electric 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

United States Motor Vehicle Sales: Quantity: Light Vehicle: Autos data was reported at 482.821 Unit th in Jun 2018. This records a decrease from the previous number of 511.215 Unit th for May 2018. United States Motor Vehicle Sales: Quantity: Light Vehicle: Autos data is updated monthly, averaging 697.250 Unit th from Jan 1976 (Median) to Jun 2018, with 510 observations. The data reached an all-time high of 1,213.100 Unit th in Sep 1986 and a record low of 312.800 Unit th in Jan 2009. United States Motor Vehicle Sales: Quantity: Light Vehicle: Autos data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.H017: Motor Vehicles Sale: Bureau of Economic Analysis.

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.

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

United States Motor Vehicle Sales & Leases: Used Vehicle: Sales data was reported at 36,883.987 Unit th in 2010. This records an increase from the previous number of 35,491.762 Unit th for 2009. United States Motor Vehicle Sales & Leases: Used Vehicle: Sales data is updated yearly, averaging 40,841.228 Unit th from Dec 1990 (Median) to 2010, with 21 observations. The data reached an all-time high of 44,138.263 Unit th in 2005 and a record low of 35,491.762 Unit th in 2009. United States Motor Vehicle Sales & Leases: Used Vehicle: Sales data remains active status in CEIC and is reported by Bureau of Transportation Statistics. The data is categorized under Global Database’s USA – Table US.RA005: Motor Vehicle Sales & Leases: Quantity.

This shows the number of vehicles that were registered by Washington State Department of Licensing (DOL) each month. The data is separated by county for passenger vehicles and trucks. DOL integrates National Highway Traffic Safety Administration (NHTSA) data and the Environmental Protection Agency (EPA) fuel efficiency ratings with DOL titling and registration data to create this information.

Graph and download economic data for Automobile Registrations, Passenger Cars, Total for United States from 1895 to 1944 about car registrations, vehicles, and USA.

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.

The Toyota RAV4 was the best-selling Sport utility vehicle in the United States, with some 475,200 vehicles sold until December 2024. Toyota was the also leading brand for passenger cars during this period, with the Toyota Camry recording around 309,900 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 3.12 million autos and 15.5 million light trucks were sold in the United States in 2023. The Toyota Camry, the best-selling car in the United States, accounted for one in seven vehicles sold under the Toyota brand in the United States in 2019. Toyota's annual U.S. sales tally came to around two 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.

Graph and download economic data for Domestic Auto Production (DAUPSA) from Jan 1993 to May 2025 about vehicles, domestic, production, new, and USA.

Graph and download economic data for Motor Vehicle Retail Sales: Foreign Autos (FAUTOSAAR) from Jan 1967 to Jun 2025 about foreign, vehicles, retail trade, new, sales, retail, and USA.

In 2024, the Ford Motor Company sold some 2.2 million motor vehicles to dealers and distributors throughout the United States. That year, the number of autos and light trucks sold in the U.S. rose to around 15.9 million units.

US: Car Registrations: Passenger Car: Index data was reported at 45.186 2015=100 in 2020. This records a decrease from the previous number of 62.691 2015=100 for 2019. US: Car Registrations: Passenger Car: Index data is updated yearly, averaging 109.110 2015=100 from Dec 1976 (Median) to 2020, with 45 observations. The data reached an all-time high of 151.500 2015=100 in 1986 and a record low of 45.186 2015=100 in 2020. US: Car Registrations: Passenger Car: Index 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.MEI: Motor Vehicles and Car Registrations: OECD Member: Annual. Data refer to the number of sales of new passenger cars.