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.

The used car market is projected to reach over 1.5 trillion U.S. dollars in 2027, up from 1.2 trillion in 2020. This represents a compound annual growth rate of around 3.2 percent across seven years. This growth is in part attributed to a shift in car ownership patterns across the globe, as well as the rise of online sales channels, which make used cars more accessible to customers.

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.

Used car sales in Brazil experienced a mostly upward trend throughout the past decade, peaking at nearly 9.6 million units in 2021. 2023 sales increased compared to the drop recorded in 2022, up to some 9.1 million used cars sold in the country.

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.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Used Cars and Trucks in U.S. City Average (CUSR0000SETA02) from Jan 1953 to Feb 2025 about used, trucks, vehicles, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

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.

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 global used car market size reached USD 1,056 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2,108 Billion by 2033, exhibiting a growth rate (CAGR) of 7.99% during 2025-2033. The market is experiencing steady growth driven by the growing preferences for eco-friendly and fuel-efficient vehicles, wide accessibility of financing options, and introduction of features like adaptive cruise control, lane-keeping assistance, and advanced infotainment systems.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on vehicle type, vendor type, fuel type, and sales channel.

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.

Norway 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.

Just over 1.4 million used vehicles were sold between private parties in the United States in July 2022. This was a month-over-month decrease of some five percent compared to the June 2022 sales volume. Overall U.S. used vehicle sales had also been decreasing month-over-month in July 2022.

Motor Vehicle sales by county and quarter for some counties in Colorado since 2010. This data set is provided by the Department of Revenue (DOR).

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UK Used Car Market Size 2025-2029

The uk used car market size is forecast to increase by USD 39.5 billion billion at a CAGR of 6.2% between 2024 and 2029.

The Used Car Market in the UK presents a significant value proposition for investors and businesses due to its size and growth dynamics. This market is driven by various factors, including the improving economic conditions, increasing consumer preference for cost-effective alternatives to new cars, and the rise of touchpoint management solutions that enhance the buying and selling experience. Furthermore, the emergence of car subscription services has added a new dimension to the market, offering flexibility and convenience to consumers. However, challenges such as increasing competition, regulatory changes, and the need for transparency and trust in the marketplace require strategic planning and innovation from market participants. Companies seeking to capitalize on these opportunities and navigate challenges effectively should focus on offering competitive pricing, exceptional customer service, and innovative solutions that address the evolving needs of consumers in the UK used car market.

What will be the size of the UK Used Car Market during the forecast period?

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The used car market in the UK is a significant sector of the European automobile industry, characterized by demand and dynamic trends. With a vast dealership network and increasing online sales, this market caters to various consumer preferences, including sports utility vehicles (SUVs), passenger cars, hatchbacks, sedans, hybrid vehicles, and electric cars. The market's size is substantial, with millions of used vehicles transacted annually. Key trends include the growing popularity of SUVs, digital sales, and car subscription services. Online marketplaces, such as auto marketplaces and telecom industry platforms, facilitate transactions, offering consumers access to extensive vehicle history records, financing options, and vehicle quality information. Used car management companies, leasing offices, and car dealers play crucial roles in the market, providing services like vehicle inspections, appraisals, and certification. The market's direction is influenced by factors like consumer confidence, residual values, and the shift towards petrol engines, diesel vehicles, and alternative fuel options like hybrid and electric vehicles. Quality finance charges, off-lease vehicles, and blockchain records are increasingly shaping the market landscape, ensuring transparency and trust in used car transactions. The average ownership duration is decreasing, with consumers seeking more flexible financing options and convenient digital retailing experiences. Overall, the used car market in the UK remains a vibrant and evolving sector, adapting to consumer needs and technological advancements.

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. ChannelOrganizedUnorganizedVehicle TypeCompact carSUVMid sizeTypePetrolDieselOthersGeographyUK

By Channel Insights

The organized segment is estimated to witness significant growth during the forecast period.

Used cars in the UK market are primarily sold through organized companies, which include dealership chains, online marketplaces, and original equipment manufacturers (OEM)-affiliated dealerships. These organizations ensure a smooth vehicle ownership transfer with local government collaborations and complete transparency regarding timelines and fees. They offer technical expertise and financial support to buyers, enabling a more convenient and trustworthy purchasing experience. The rise of online marketplaces, such as Motors.Co.Uk, with features like virtual showrooms and detailed vehicle histories, has significantly contributed to the growth of the used car sector. Organized companies' ability to digitalize and create a seamless interface is a key driver for sales during the forecast period.

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The Organized segment was valued at USD 78.40 billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of UK Used Car Market?

Excellent value for money proposition of used cars is the key driver of the market. The used car market in the UK has witnessed significant growth due to the increasing number of automakers entering this sector and the

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.

Africa Used Car Market is segmented by Vehicle Type (Hatchbacks, Sedans, and Sport Utility Vehicles & Multi-Purpose Vehicles), By Vendor (Organized and Unorganized), and By Country (South Africa, Morocco, Algeria, Egypt, Nigeria, Ghana, Kenya, and Rest of Africa). The report covers the market size and forecast in USD for all the above segments.

The global used car market, valued at $1949.55 billion in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 7.56% from 2025 to 2033. Several factors fuel this expansion. Increasing vehicle affordability, particularly for first-time buyers and those seeking budget-friendly transportation options, significantly boosts demand. The shift towards online platforms and digital marketplaces, such as CarGurus and Cars24, streamlines the buying process, enhancing transparency and convenience for consumers. Furthermore, stronger leasing programs, shorter vehicle ownership cycles, and the increasing popularity of SUVs and compact cars contribute to a higher volume of used cars entering the market. Economic fluctuations can impact the market, with periods of uncertainty potentially leading to decreased consumer spending and slower growth. However, the long-term outlook remains positive due to the continuous influx of vehicles from leasing programs and ongoing technological advancements that improve used car quality and reliability, thereby strengthening consumer confidence. This growth is distributed across various regions, with North America and Europe currently dominating the market share. However, the Asia-Pacific region, particularly China and India, is witnessing rapid expansion due to rising middle-class incomes and increasing vehicle ownership. The market is segmented by vehicle type, with compact cars and SUVs holding significant market share, reflecting consumer preferences for fuel efficiency and versatility. Competitive pressures among major players like CarMax, AutoNation, and Alibaba necessitate innovative strategies, including enhanced customer service, improved online platforms, and strategic partnerships to maintain a strong market position. The industry faces risks such as fluctuating used car prices due to macroeconomic conditions and the increasing complexity of vehicle technology, requiring significant investment in maintenance and repairs.

Graph and download economic data for Monthly State Retail Sales: Motor Vehicle and Parts Dealers in Florida (MSRSFL441) from Jan 2019 to Nov 2024 about dealers, parts, vehicles, retail trade, FL, sales, retail, and USA.

The France Used Car Market Report Has Been Segmented by Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, Electric, and Others), Vehicle Type (Hatchback, Sedan, and SUVs and MPVs), Sales Channel (Online and Offline). The Report Offers Market Size and Forecasts for the French Used Car Market in Terms of Value (USD) for all the Above Segments.

Total Vehicle Sales in Brazil increased to 134795 Units in February from 123366 Units in January of 2025. This dataset provides - Brazil Total Vehicle Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news.