Over ** percent of new car buyers in the United States between September 2020 and August 2021 identified as men. By contrast, women only represented ** percent of new car buyers but lead the used car market, amounting to over **** of the used vehicle sales for that same time period.

In 2021, Baby Boomers were the main new car buyers in the United States, representing around ** percent of new car sales. By contrast, Gen X made up the majority of the used car buyers, at close to ** percent of the sales.

Close to half of U.S. consumers preferred to acquire their new vehicle through an authorized dealer when buying a car online. The digitalization of the car buying process remains slow, however, as less than a quarter of U.S. consumers report considering online retail to acquire their next vehicle.

Graph and download economic data for Expenditures: Vehicle Purchases: Cars and Trucks, Used by Occupation: Wage and Salary Earners: Construction Workers and Mechanics (CXUUSEDCARSLB1207M) from 1984 to 2021 about mechanics, used, occupation, purchase, trucks, salaries, workers, vehicles, expenditures, construction, wages, and USA.

In 2021, the size of the global automotive e-commerce market amounted to 38.67 billion U.S. dollars; by 2031, it is expected to be worth 176.24 billion U.S. dollars. In the last two years, the automotive e-commerce market's growth slowed down due to a decrease in vehicle production caused by the coronavirus pandemic. However, the e-commerce market has been back on track since industry players implemented various developments to reduce the risks of the automobile market for players and customers.

Used car dealers in the United States had a market size of ***** billion U.S. dollars in 2021. While the industry value dipped at the onset of the COVID-19 pandemic, used car sales quickly recovered, with used car dealers' market value hiking above its pre-pandemic levels. The used car market boom The used car market has been gaining steam since 2017 when the volume of used light vehicles sold hiked by just under ** percent year-over-year to **** million sales. By 2021, around **** million used light vehicles were sold in the U.S, representing just under ** percent of the total light vehicle sales in the country. While sales increased, the average used vehicle selling price also inflated—up ** percent year-over-year in 2021—with vans, sport-utility vehicles, and crossover utility vehicles recording the steepest price increase. The semiconductor shortage, forcing halts in new vehicle production, is partly responsible for this boom in the used car market. Most used vehicle retail inventory in June 2022 was priced above ****** U.S. dollars, making the used car market increasingly inaccessible to consumers. Light trucks at the forefront of sales U.S. consumer satisfaction with their overall shopping experience dropped in 2021, with used car buyers reporting a satisfaction rate of ** percent, compared to ** percent in 2020. While 2021 satisfaction is higher than in 2019, this denotes the impact of higher prices on customers. Most consumers opted for used light trucks instead of used automobiles. The net purchase of used light trucks spiked in the third quarter of 2019, reaching ***** billion U.S. dollars in the second quarter of 2022, while auto sales had a net purchase value of ** billion U.S. dollars that same quarter. The Ford F-150, Chevrolet Silverado 1500, and Ram Pickup 1500 were the 2016 to 2020 MY models with the largest share of used car sales in the U.S. Ford was also the third best-selling manufacturer for new vehicles in the U.S.

The global used car market, valued at approximately $XX million in 2025 (assuming a logical estimation based on the provided CAGR of 10% and a known market size at an earlier point in time – this would require additional data to give a precise figure), is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 10% from 2025 to 2033. This expansion is fueled by several key factors. Increasing vehicle ownership, particularly in developing economies, coupled with the rising preference for more affordable transportation options, significantly boosts demand. Technological advancements, including online marketplaces and improved vehicle inspection services, streamline the buying and selling processes, further accelerating market growth. The shift towards subscription-based car ownership models and the growing acceptance of used vehicles as a viable alternative to new cars also contribute to the market's dynamism. Different vehicle types within the market exhibit varying growth trajectories, with SUVs and MPVs often leading in sales due to their versatility and family-friendly features. The organized sector, encompassing established dealerships and online platforms, is steadily gaining market share from the unorganized sector due to increased transparency, better financing options, and enhanced customer trust. Geographical variations in market performance are evident. North America and Europe currently dominate the market, with mature economies and strong established automotive infrastructures. However, rapid economic growth and rising disposable incomes in Asia-Pacific regions, particularly in India and China, are propelling significant market expansion in these areas, presenting lucrative opportunities for both established and emerging players. Challenges remain, including fluctuations in used car prices influenced by macroeconomic factors, concerns about vehicle reliability, and the growing environmental consciousness driving demand for more fuel-efficient options. Nevertheless, the long-term outlook for the used car market remains positive, with continued expansion anticipated throughout the forecast period. The competitive landscape is fiercely contested, with established global players like Hertz, Cox Automotive, and CarMax competing alongside regional players and emerging online platforms. Strategic acquisitions, technological investments, and expanding service offerings are key strategies employed by companies to gain a competitive edge and cater to evolving consumer preferences. This comprehensive report provides a detailed analysis of the global used car industry, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, the report forecasts market trends and growth opportunities within the multi-billion dollar sector. The study incorporates historical data (2019-2024), analyzes current market dynamics (2025), and projects future growth (2025-2033). This report is invaluable for industry stakeholders, investors, and anyone seeking to understand the complexities and potential of this dynamic market. Keywords: used car market, used car sales, used car prices, used car industry trends, pre-owned car market, second-hand car market, automotive market analysis, used car valuation, online used car market. Recent developments include: March 2022: TrueCar Inc. launched a new online car-buying marketplace called TrueCar+. TrueCar+ will provide consumers with a more flexible and personalized car buying experience for new and used vehicles., January 2022: General Motors launched Carvago to capitalize on the inflated used car. CarBravo will draw from General Motors' pool of available used cars, along with those of its franchised dealerships., September 2021: Mobil88 launched the Mo88i application to make buying and selling used cars easier. Mo88i is a platform for buying and selling used cars that are trusted, easy, fast, and efficient. This includes car inspections and estimated bid prices. It also ends with financing and vehicle insurance submissions., March 2021: Penske Automotive Group Inc. announced that it adopted CarShop as its global brand for its used vehicle SuperCenters. The company renamed its six used vehicles SuperCenters in the United States from CarSense to CarShop.. Key drivers for this market are: Increasing Demand For Electric School Buses. Potential restraints include: Uncertainty of The Global Pandemic. Notable trends are: Strengthening of Online Infrastructure Positively Affecting the Used Cars Market.

In 2021, most of the car buyers in the United States self-identified as white. This included both the new and used car markets, where this ethnic group made up over *********** of the buyers. Contrastingly, respondents self-identifying as Hispanic made up ** percent of the new car buyers.

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.

United States - Producer Price Index by Industry: New Car Dealers: Used Vehicle Sales was 101.15700 Index Dec 1999=100 in May of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: New Car Dealers: Used Vehicle Sales reached a record high of 164.29000 in November of 2021 and a record low of 67.30000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: New Car Dealers: Used Vehicle Sales - last updated from the United States Federal Reserve on June of 2025.

United States Electric Vehicle Sales: Audi data was reported at 5,905.000 Unit in Mar 2025. This records a decrease from the previous number of 6,594.000 Unit for Dec 2024. United States Electric Vehicle Sales: Audi data is updated quarterly, averaging 4,674.000 Unit from Mar 2021 (Median) to Mar 2025, with 17 observations. The data reached an all-time high of 7,515.000 Unit in Sep 2023 and a record low of 909.000 Unit in Sep 2021. United States Electric Vehicle Sales: Audi 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.

United States Electric Vehicle Sales: Year to Date: BMW data was reported at 13,538.000 Unit in Mar 2025. This records a decrease from the previous number of 50,980.000 Unit for Dec 2024. United States Electric Vehicle Sales: Year to Date: BMW data is updated quarterly, averaging 12,125.000 Unit from Mar 2021 (Median) to Mar 2025, with 16 observations. The data reached an all-time high of 50,980.000 Unit in Dec 2024 and a record low of 348.000 Unit in Mar 2021. United States Electric Vehicle Sales: Year to Date: BMW 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.

In 2021, the most common way U.S. new-vehicle dealerships acquired used vehicles for sales were trade-ins on new vehicles, which represented **** percent of used vehicles for sale in new-vehicle dealerships. Furthermore, **** percent of second-hand cars were exchanged with other used automobiles. In contrast, only ***** percent of used vehicles were acquired through street trades .

The Italian automotive industry sold more than1.6 million motor vehicles in 2021. That year, passenger cars accounted for almost 87 percent of motor vehicle sales in Italy. Italy was among the leading European countries in terms of passenger car sales in 2021.

Graph and download economic data for Expenditures: Vehicle Purchases: Cars and Trucks, Used: All Consumer Units (CXUUSEDCARSLB0101M) from 1984 to 2023 about used, consumer unit, purchase, trucks, vehicles, expenditures, and USA.

According to Cognitive Market Research, the Global Automative Garage Equipment Market Size will be USD XX Billion in 2023 and is set to achieve a market size of USD XX Billion by the end of 2031 growing at a CAGR of XX% from 2024 to 2031.

The global automotive garage equipment market will expand significantly by XX% CAGR between 2024 and 2031.
Body Shop Equipment dominates the market and is anticipated for a healthy growth over the approaching years.
Compared to independent garages, the automotive OEM dealership segment is expected to grow faster during the forecast period.
The market's largest revenue share belongs to mobile kind. Equipment for garages designed to be easily moved or transported is called a mobile installation.
A significant portion of market share is made up of passenger cars. This is a result of their worldwide scope and is predicted to increase from 86.4 million to 86.8 million in 2023.
North America is the largest global garage equipment market shareholder and is estimated to grow at a CAGR of XX% over the forecast period.

Current Scenario: Automatic Garage Equipment of the Market

Driving Factors of Automatic Garage Equipment Market

The Garage Equipment market is primarily driven by an increase in car production and sales 

The need for garage equipment is directly impacted by the expansion of the worldwide automotive industry. The market for contemporary tools and equipment used in automotive workshops and service facilities is driven by the growing number of vehicles on the road and the resulting demand for maintenance, repairs, and servicing.

According to OICA (International Organization of Motor Vehicle Manufacturers) , global motor vehicle production in 2022 was over 85 million units, up 6% from the previous year. An increase in car manufacturing corresponds directly to increased demand for garage equipment. (Source:https://www.acea.auto/figure/world-motor-vehicle-production/)

Some of the top automotive industry-related statistics include; US car manufacturing market was worth $104.1 billion in the US. Also, The Indian automotive sector contributed 7.1% to the overall GDP and 49% to the manufacturing GDP in 2021. Additionally, 105 billion items related to motor vehicles and parts were exported in 2021 from the US These were the second largest in exports.

According to a recent survey by published by the European Automobile Manufacturer Association the global car sales have increased by around 9% in the first three quarter of 2023.The Europe market witnessed sales growth of 20.4% from January to September in 2023

Rise in use of electric cars and vehicles (EVs) 

The rise of electric cars (EVs) in the automobile business affects demand for specific garage equipment. The growth of EVs has led to the development of specialized equipment for battery servicing, charging infrastructure, and EV-specific diagnostics. In 2023, global electric vehicle (EV) sales climbed by 31% to 13.6 million units. Fully electric vehicles (BEVs) accounted for 9.5 million of total sales, with PHEVs making up the remainder ( predicted by Rho Motion)

Electric vehicles amounted to some 14 percent of global passenger car sales in 2022, which was a rise of around 5.3 percentage points year-over-year. Electric vehicle sales have rapidly increased since 2017, when they rose above one percent of the market, and have particularly accelerated since 2020.

(Source;https://www.statista.com/statistics/1371599/global-ev-market-share/)

The Asia-Pacific region was the leading market for battery-electric vehicles, propelled by the Chinese new energy vehicle market. Automakers worldwide will have to focus on clean fuel sources and sustainable supply chains. In 2020, Volkswagen started delivering its electric ID.4 model and consistently ranked among the best-selling EV brands. By 2022, the Volkswagen Group was the fourth leading EV automaker worldwide.

(Source:https://www.statista.com/topics/1010/electric-mobility/#topicOverview)

Increasing sales of pre-owned vehicles and emergence of autonomous vehicles are anticipated to drive the growth of the automotive garage equipment market

Pre-owned vehicles, commonly known as used cars, are those that have been previously owned and utilized by individuals or businesses before being made available for resale. Automotive garage equipment plays a crucial role in the pre-o...

Electric Vehicle Sales: ytd: GMC data was reported at 4,728.000 Unit in Mar 2025. This records a decrease from the previous number of 15,781.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: GMC data is updated quarterly, averaging 1,035.000 Unit from Dec 2021 (Median) to Mar 2025, with 14 observations. The data reached an all-time high of 15,781.000 Unit in Dec 2024 and a record low of 1.000 Unit in Dec 2021. Electric Vehicle Sales: ytd: GMC 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.

Electric Vehicle Sales: ytd: Volvo data was reported at 2,718.000 Unit in Mar 2025. This records a decrease from the previous number of 5,393.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: Volvo data is updated quarterly, averaging 3,927.000 Unit from Mar 2021 (Median) to Mar 2025, with 17 observations. The data reached an all-time high of 14,038.000 Unit in Dec 2023 and a record low of 320.000 Unit in Mar 2021. Electric Vehicle Sales: ytd: Volvo 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.

Electric Vehicle Sales: ytd: Rivian data was reported at 8,553.000 Unit in Mar 2025. This records a decrease from the previous number of 51,579.000 Unit for Dec 2024. Electric Vehicle Sales: ytd: Rivian data is updated quarterly, averaging 17,087.000 Unit from Dec 2021 (Median) to Mar 2025, with 14 observations. The data reached an all-time high of 51,579.000 Unit in Dec 2024 and a record low of 583.000 Unit in Dec 2021. Electric Vehicle Sales: ytd: Rivian 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.