The Report Covers Used Car Dealership Industry Analysis and is Segmented by Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, Electric, and Others), Body Type (Hatchback, Sedan, and Sports Utility Vehicles and Multi-Purpose Vehicles), and Sales Channel (Online and Offline). The Report Offers Market Size and Forecasts for United States Used Car Market in Value (USD Billion) for all the Above Segments.

Sales of used light vehicles in the United States came to around 38.9 million units in the third quarter of 2024. The same period, approximately 15.6 million new light trucks and automobiles were sold here. Declining availability of vehicles In the fourth quarter of 2023, about 288.5 million vehicles were in operation in the United States, an increase of under one percent year-over-year. The rising demand for vehicles paired with an overall price inflation lead to a rise in new vehicle prices. In contrast, used vehicle prices slightly decreased. E-commerce: a solution for the bumpy road ahead? Financial reports have revealed how the outbreak of the coronavirus pandemic has triggered a shift in vehicle-buying behavior. With many consumer goods and services now bought online due to COVID-19, the automobile industry has also started to digitally integrate its services online to reach consumers with a preference for contactless test driving amid the global crisis. Several dealers and automobile companies had already begun to tap into online car sales before the pandemic, some of them being Carvana and Tesla.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Used Cars and Trucks in Size Class A (CUURA000SETA02) from Dec 1986 to Feb 2025 about used, trucks, vehicles, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

The share of used vehicles with financing in the United States decreased with fluctuations from the first quarter of 2017 to the first quarter of 2021. In the first quarter of 2021, 34.5 percent of the used cars in the United States were financed.

Used car dealers in the United States had a market size of 138.1 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 11 percent year-over-year to 42.7 million sales. By 2021, around 43.1 million used light vehicles were sold in the U.S, representing just under 74 percent of the total light vehicle sales in the country. While sales increased, the average used vehicle selling price also inflated—up 21 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 35,000 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 65 percent, compared to 71 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 194.7 billion U.S. dollars in the second quarter of 2022, while auto sales had a net purchase value of 52 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.

In France, used cars have been consistently more popular than new cars over the past decades, reaching a record six million sales in 2021, before dropping to 5.3 million in 2023. In contrast, new automobile sales have faced consistent fluctuation over the years as well as a slower recovery from the COVID-19 pandemic, as their 2023 sales remained below the 2019 sales volume. The state of the French used car market Private passenger cars were by far the best-selling type of used vehicles in France as of January 1st, 2023, recording over seven times the used van and truck sales volume that year. Most used cars sold in France had a diesel internal combustion engine (ICE), and ICE vehicles remained overall the most popular, partly due to the emerging nature of the used electric vehicle market. However, cars fitting stricker European emission standards have been entering the market. Used cars on the French market tended to be older, as around 1.47 million used vehicles over 15 years old were sold in 2023, followed by vehicles between two and five years old. The overall average used car age in metropolitan France has been steadily increasing since 2019. Global used vehicle price inflation While the age of used vehicles in France remained high, the yearly Consumer Price Index (CPI) also increased, up to 105.77 in 2023. Monthly prices were more volatile, reaching a Consumer Price Index of 104.45 in November 2024. This increase in used vehicle prices is tightly linked with the overall inflation recorded across the world. Used car prices in other markets have also been growing during 2022. In the United States, the used car and truck CPI spiked by 1.8 percent in May 2022 and the U.S. used vehicle average selling price was the highest on record since 2016 in 2022. The United Kingdom faced similar challenges, with its annual second hand car CPI jumping to 118.9 in 2022, the second-highest it had been since 2008.

The Brazilian used car market is projected to experience steady growth, with a market size of 151.72 million in 2025 and a CAGR of 4.00% over the forecast period of 2025-2033. The key drivers of this growth include rising disposable income, increasing urbanization, and government initiatives to promote vehicle ownership. The organized segment of the market is expected to gain traction due to factors such as increased consumer trust and improved quality control. Key trends influencing the market include the growing popularity of SUVs and MPVs, the adoption of digital platforms for car sales, and the emergence of subscription-based car ownership models. Additionally, government regulations aimed at reducing carbon emissions and promoting sustainable transportation are expected to drive demand for used electric and hybrid vehicles. The competitive landscape is fragmented, with numerous organized and unorganized players operating in the market. Leading companies include F Lapenna Motors, Omega Veiculos, Griffe Auto, and Instacarro. The study period covers the years 2019-2033, with 2025 as the base year. Recent developments include: March 2022: InstaCarro, a prominent player in Brazil's pre-owned cars marketplace, swiftly achieved sales of BRL 4 million (USD 763,359) via its buy now, pay later (BNPL) vertical. Functioning as a digital intermediary linking sellers and dealers within the Brazilian used car domain, InstaCarro strategically introduced BNPL as its inaugural financial service offering. This strategic move, executed slightly over three months ago, demonstrates the platform's commitment to innovation and customer-centric financial solutions. It underscores its vision to enhance its array of services for its extensive network of over 4,000 dealers. The innovation of Argentine entrepreneur Luca Cafici and InstaCarro's adoption of BNPL showcases its proactive approach to modernizing the automotive marketing landscape., February 2022: Kavak, the Mexican unicorn with a vast fleet of over 7 million pre-owned vehicles, marked its entry into Rio de Janeiro, Brazil. In a significant move as part of its expansion strategy within Brazil, the company has pledged an impressive investment of BRL 550 million (USD 104,961,832) in the state. This strategic step positions Rio de Janeiro as the second key destination in Kavak's Brazilian growth journey.. Key drivers for this market are: Growing Online Marketplaces & Platforms Driving Market, Others. Potential restraints include: Technology Advances, Older Used Cars May Lack the Latest Features. Notable trends are: The Rise of E-Commerce and Online Technologies Set to Amplify the Growth of the Used Car Market-.

United States Motor Vehicle Sales: Average Price: Used Vehicle data was reported at 8,786.000 USD in 2010. This records an increase from the previous number of 8,483.000 USD for 2009. United States Motor Vehicle Sales: Average Price: Used Vehicle data is updated yearly, averaging 8,130.000 USD from Dec 1990 (Median) to 2010, with 21 observations. The data reached an all-time high of 8,786.000 USD in 2010 and a record low of 5,857.000 USD in 1990. United States Motor Vehicle Sales: Average Price: Used Vehicle data remains active status in CEIC and is reported by Bureau of Transportation Statistics. The data is categorized under Global Database’s United States – Table US.RA004: Motor Vehicle Sales: Average Price.

The Switzerland Used Car Market is Segmented by Vehicle Type (Hatchback, Sedan, Sports Utility Vehicle, and Multi-Purpose Vehicle), Vendor Type (Organized and Unorganized), and Fuel Type (Gasoline, Diesel, Electric, and Other Fuel Types). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

United States - Retail Sales: Used Car Dealers was 14113.00000 Mil. of $ in February of 2022, according to the United States Federal Reserve. Historically, United States - Retail Sales: Used Car Dealers reached a record high of 17815.00000 in March of 2021 and a record low of 1583.00000 in December of 1992. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Retail Sales: Used Car Dealers - last updated from the United States Federal Reserve on March of 2025.

The distribution of used vehicle sales in the United States by sales channel remained constant from September 2022 to September 2023. Retail sales at car dealerships held over half of the used car sales market during that time. Used vehicle sales were the leading type of light vehicle sales in the U.S. in 2023, amounting to over 38.6 million units sold.

Tanzania Used Car Market is Segmented by Vehicle Type (Hatchbacks, Sedans, and Sports Utility Vehicles/Multi-Purpose Vehicles), Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, Electric, and Other Fuel Types (LPG, CNG, Etc. )), and Sales Channel (Online and Offline). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

United States Used Car Loans Market By Size, Share, Growth, Trends and Forecast 2027, By Vehicle Type, By Financier, By Percentage of Amount Sanctioned, By Tenure, By Region, Competition Forecast and Opportunities

In the first half of 2024, the average selling price of used vehicles came to around 28,300 U.S. dollars. In 2023, new automobiles and light trucks were on average almost 17,700 U.S. dollars more expensive than used light vehicles. The used car boom As the price for new vehicles has been increasing, more Americans are turning towards buying second-hand cars and light trucks. Buying new cars and light trucks is typically seen as a privilege that few may do often. Generally, used vehicle sales are on the rise in most countries. Thanks to ever-improving technology, automobiles may keep running for many years and remain in good condition. This allows the average age of light vehicles in operation in the United States to increase slowly. Although new cars are often seen as status symbols, vintage cars are also very popular in the United States, the main reason for this trend being aesthetic and cultural values.

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.

Sri Lanka Used Car Market is Segmented by Vehicle Type (Hatchbacks, Sedans, and Sports Utility Vehicles/Multi-Purpose Vehicles), Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, Electric, and Other Fuel Types (LPG, CNG, Etc. )), and Sales Channel (Online and Offline). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.

The Report Covers Used Cars Market Statistics in UAE and It is Segmented by Vehicle Type (Hatchback, Sedan, and Sports Utility Vehicle (SUV) and Multi-Purpose Vehicles (MPVs)), Fuel Type (Gasoline, Diesel, and Others), Booking Type (Online and Offline), and Vendor Type (Organized and Unorganized). The Market Size and Forecast for UAE Used Car Market is Provided in Value (USD Billion) for all the Above Segments.

The North America Used Car Financing Market is segmented by Car Type (Hatchbacks, Sedans, Sports Utility Vehicle, and Multi-purpose Vehicle), by Financier (OEM, Banks, and Non-Banking Financing Companies), and by Country (United States, Canada, Mexico, and Rest of North America). The report offers the market size and forecasts in value (USD billion) for all the above segments during the forecast years.

By Market Structure:The Malaysia Used Car Market is segmented by market structure into Preference for B2C is high as it offers more competitive services like repairs on used cars, leading to an increase in used car sales. OEM Authorized dealerships mainly sources used cars through trade-in with the same car brand. Higher trade-ins in Malaysia owing to preference for car upgradations among consumers have led rise in OEM inventory. By Distribution Channel:The MalaysiaUsed Car Marketis segmented by distribution channel into organized & unorganized. The leading meat products consumed in the country are beef and pork based. Majority of the companies prefer to seek services from non-captive companies with 2 years lock-in period. Generally, the companies prefer internal cold chain facilities. If contracted, it done for 1-2 years. Higher preference for organized sector as some unorganized used car dealers charges hidden fees such as tax and processing fees of MYR 4,000 - 5,000 on top of the car’s listed price.Organized sector is highly preferred owing to the more convenient buying experience and value-added services (warranty & certification) it offers to the consumers. Key Trends by Market Segment: In Malaysia, a typical transaction of a used-car sale starts with pre-work, followed by sale, loan application, loan processing and final closure.

Graph and download economic data for Employment for Retail Trade: Used Car Dealers (NAICS 441120) in the United States (IPUHN441120W201000000) from 1988 to 2023 about used, dealers, NAICS, vehicles, retail trade, sales, retail, employment, and USA.