In 2024, Ford remained the leading car brand in the United States based on vehicle sales, delivering about *** million units to U.S. customers. The United States is the largest market for Ford: wholesales to U.S. dealerships reached over *** million vehicles in 2023. Car sales among major manufacturers The top three U.S. car brands are assembled and distributed by the leading manufacturers in the U.S. market: Ford Motor Company, Toyota Motor Corporation, and General Motors (GM). As of the fourth quarter of 2024, GM's largest segment of sales was attributable to its Chevrolet-badged vehicles. Within the Ford Motor Corporation, the Ford division accounted for the largest number of vehicle sales. And finally, Toyota’s largest distribution of this sales volume was attributable to the Toyota brand vehicles. Automotive industry overview Production and sales volumes are declining among the key automotive brands in the United States, as a result of the accelerated automotive semiconductor shortage, the COVID-19 pandemic, and the fact that the automotive manufacturing and sales market is highly competitive both within the U.S. and globally. Electric vehicles emerged as the leading trend in Europe since 2020 and the U.S. electric vehicle industry has been catching up. Furthermore, it is forecast that autonomous vehicles will disrupt the U.S. market between 2020 and 2030.

In 2018, about ******* cars were sold in Florida, making it the second best performing state in terms of car sales. Car sales are losing popularity in the United States with more motorists preferring other segments such as small trucks, SUVs, and minivans. Overall, some *** million light vehicles were sold to customers in Florida in 2018. California dominates traditional and electric car sales California is not only the largest market for cars but also for plug-in electric vehicles. The state is known for progressive state legislation that promotes the manufacturing and sale of electric vehicles. It is also the home to the Tesla headquarters. The company is behind much of the growth of electric vehicles in the United States. Over *** percent of California’s new vehicle sales in 2018 were electric vehicles. The Californian electric vehicle fleet is expected to surpass ***** million vehicles by 2030. With so many electric vehicles on the road, heavy investments must be made into electric vehicle infrastructure. An extensive network of charging stations has been set up along highways between Mexico and Canada. The ‘West Coast Green Highway’ consists of hundreds of fast chargers in California, Oregon, and Washington. Pacific Coast states accounted for over***** of all U.S. electric vehicle sales in 2018.

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.

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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.

D

Online automotive parts and accessories retailers have reaped robust growth through the current period, particularly as consumers accept online shopping models. As a result, many traditional brick-and-mortar retailers have invested in omnichannel sales systems that take advantage of their distribution infrastructure. Traditional auto parts retailers with online shopping experiences have been able to fend off fully e-commerce-based companies. Specialization in auto parts and the ability to order online and pick up merchandise in-store have enabled auto parts retailers to capture a growing share of online purchases. Overall, revenue has climbed at an expected CAGR of 5.8% to $6.5 billion through the current period, including a 2.2% jump in 2024, where profit reached 9.8% As a subsection of the overall auto parts retail market, the industry has largely grown in line with auto parts retailers. As incomes rise, consumers purchase more cars and spend more on noncritical replacement parts. The number of motor vehicles registered in the United States has grown steadily along with the average age of vehicles, expanding the portion of the vehicle fleet in the repair-and-replacement age range. However, the wider trend towards online retailing accelerated in 2020 amid the COVID-19 pandemic, enabling the online subsegment to outpace brick-and-mortar retailers; this, along with supply chain issues limiting supply for new and used cars, shifted demand toward repairs, supporting growth. However, supply chain disruptions also led to higher input costs, pressuring profit. The industry will continue to expand as more consumers and companies conduct business online. Similarly, increased disposable income will support greater sales of replacement auto parts. In particular, retailers will see demand from hobbyists and car collectors surge, especially as classic car ownership rises among younger generations. In general, online stores will give consumers more pricing power and alternatives compared with brick-and-mortar stores, facilitating growth. Overall, revenue will expand at an expected CAGR of 3.8% to $7.8 billion through the outlook period, where profit will reach 10.3%.

Sales of used light vehicles in the United States came to around **** million units in 2024. In the same period, approximately **** million new light trucks and automobiles were sold here. Declining availability of vehicles In the fourth quarter of 2024, about ***** million vehicles were in operation in the United States, an increase of around *** 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.

Strong growth in developing economies, like the BRICS and ASEAN member nations, has driven revenue for global car dealers despite slowdowns in established economies, like North America and Europe. Developed economies focus largely on value-added car purchases, while emerging markets focus primarily on volume. The transition to SUVs and crossovers with more safety and entertainment features has driven growth; in particular, these models' surging adoption rates have created numerous growth opportunities in developing economies. Even so, climbing interest rates across most key markets and faltering global consumer sentiment have somewhat constrained post-pandemic growth. Overall, revenue has expanded at an expected CAGR of 0.7% to $4.4 trillion through the current period, including a 2.1% jump in 2024, where profit reached 2.3%. Supply chain disruptions made new cars significantly more expensive, increasing inventory costs. Similarly, semiconductor and electronic component shortages reduced supply, leaving dealers with limited inventories. Even so, dealers were largely able to leverage torrid demand and pass added costs onto buyers, creating opportunities for revenue and profit growth. Volatile oil supply chains amid the Russia-Ukraine conflict also contributed to swelling demand for more fuel-efficient vehicles. Companies have also integrated online services to make the car-buying process simpler and more accessible, enabling them to combat heightened competition and access a wider network of buyers. The penetration of online platforms has transformed the car sales landscape, favoring larger dealership franchises over independent companies. Car dealers will continue to contend with substitutes, even as economic conditions improve and consumer sentiment rebounds through the outlook period. Government incentives and upstream innovations will also spur demand for electric and hybrid vehicles, generating strong per-unit revenue from dealers. Even so, slowing EV adoption rates in North America may dampen this segment's growth potential. Consumer preferences will also continue to trend toward online vehicle shopping, which provides convenience and efficiency to busy consumers, creating greater competition with various online dealers. Overall, revenue will climb at an expected CAGR of 2.5% to $4.9 trillion through the outlook period, where profit will reach 2.3%.

Success.ai’s Verified Company Data for the Automotive Industry in North America provides businesses with reliable, detailed insights into automotive companies and decision-makers across the region.

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The United States automotive dealership market, valued at XX million in 2025, is projected to grow at a CAGR of 4.00% from 2025 to 2033. Key market drivers include increasing vehicle sales, growth in the used car market, and rising demand for vehicle financing and insurance services. However, the market faces restraints such as the impact of economic downturns and competition from online car sales platforms. The market is segmented by type (new vehicle dealership, used vehicle dealership, parts and services, finance and insurance), retailer (franchised retailer, non-franchised retailer), and vehicle type (passenger cars, commercial vehicles). Major industry players include AutoNation Inc., Sonic Automotive Inc., Larry H. Miller Dealerships, Staluppi Auto Group, Lithia Motors Inc., Asbury Automotive Group Inc., Hendrick Automotive Group, Group 1 Automotive Inc., Penske Automotive Group, and Ken Garff Automotive Group. The market is primarily driven by the United States region, which accounts for the majority of market share. Recent developments include: July 2022: Lithia & Driveway (LAD) continued its US expansion by buying nine dealerships in southern Florida and one in Nevada, which are expected to add nearly USD 1 billion in annual revenue for the company. LAD also announced its expansion in Las Vegas, Nevada, with the addition of Henderson Hyundai and Genesis. With this purchase, LAD becomes the sole owner of the Hyundai and Genesis stores in the greater metro area., March 2022: Group1 Automotive Inc. announced that it completed a USD 2.0 billion five-year revolvings syndicated credit facility with 21 financial institutions that will expire in March 2027 and can be expanded to USD 2.4 billion total availability. The six manufacturer-affiliated finance companies are Mercedes-Benz Financial Services USA LLC, Toyota Motor Credit Corporation, BMW Financial Services NA LLC, American Honda Finance Corporation, VW Credit Inc., and Hyundai Capital America Inc., January 2022: Penske Automotive Group expanded its presence in the Austin/Round Rock market in Texas with the grand opening of the Honda Leander. The new dealership, located in Leander, Texas, is the retailer's 14th Honda store overall and is its ninth dealership in the market., January 2022: Sonic Automotive Inc., one of the nation's largest automotive retailers, acquired Sun Chevrolet in Chittenango, New York. Sonic also acquired Caputo's three used car locations in December 2021. The Chittenango location was the only new car dealership.. Key drivers for this market are: Rapid Urbanization and Demand for Convinient Transportation. Potential restraints include: Traffic Congestion in Major Cities. Notable trends are: Rising Focus of Automotive Dealers on Enhancing Consumer Experience and Dealer Network to Drive Demand.

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The online car buying market share is expected to increase by USD 214.41 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 12.4%.

This online car buying market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the online car buying market segmentations by Class Type (pre-owned and new vehicle) and Geography (North America, Europe, APAC, South America, and Middle East and Africa). The online car buying market report also offers information on several market vendors, including American City Business Journals Inc., Asbury Automotive Group Inc., AutoNation Inc., CarGurus Inc., CarMax Inc., Cars & Bids LLC, Cars.com Inc., Cars24 Services Pvt. Ltd., CarSoup of Minnesota Inc., Carvago, Carvana Co., Cox Enterprises Inc., eBay Inc., Edmunds.com Inc., Hendrick Automotive Group, Lithia Motors Inc., MH Sub I LLC, Miami Lakes Automall, and TrueCar Inc., among others.

What will the Online Car Buying Market Size be During the Forecast Period?

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Online Car Buying Market: Key Drivers, Trends, and Challenges

The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the global online car buying market.

Key Online Car Buying Market Driver

The increasing adoption of e-commerce and technological advancements in online channels are key factors driving the global online car buying market growth. Technological advancements such as the development of smartphones and rising Internet penetration are spurring the use of e-commerce applications to boost the sales of businesses, while the introduction of hybrid and electric vehicles has changed the buyers' position in the global online car buying market. With the aid of online technology, consumers are learning more about the vehicle, the on-road prices of new automobiles, residual value, third-party profit margins, and other factors for used cars. Additionally, growing urbanization, an increase in Internet connectivity, and the growth of the telecom industry have made it possible for the general public to access information much more easily. Online car dealers are increasingly using these factors to advertise their vehicles and disseminate information about them. The sale process has been streamlined on web platforms, which also makes it possible for more stakeholders to sell and acquire used cars. Thus, the growing e-commerce industry and the increasing adoption of technological advancements by vendors will propel the growth of the global online car buying market during the forecast period.

Key Online Car Buying Market Trend

Easy online financing will fuel the global online car buying market growth. Financing options are widely available on many car-buying websites, which encourages customers to get preapproval for loans before they even start looking for cars on their websites. According to a survey, 71% of customers choose to finance through the site where they purchased their car. These customers are highly satisfied with the financing options available on car-buying websites. Hassle-free loan applications and favorable interest rates attract more customers to opt for online financing options. For instance, AutoNation Inc. provides hassle-free auto financing options for every customer according to his or her needs and requirements. The company offers a wide range of finance programs that makes auto financing simple and clear. To provide a variety of financing and leasing alternatives, AutoNation has partnered with hundreds of banks in the US. Owing to such easy financing options, customers are attracted to online car-buying options. Thus, the availability of hassle-free and paperless online auto finance provided by car-buying websites will fuel the growth of the global online car buying market during the forecast period.

Key Online Car Buying Market Challenge

Limited customer awareness and acceptance in semi-urban and rural areas are the major challenges to the global online car buying market growth. Buying a car online is still an urban concept despite its prevalence and its numerous advantages. The acceptance of buying a car through online channels is low in semi-urban and rural areas. Buying cars online has not penetrated a large portion of the population, particularly in developing countries such as India. In emerging economies, including India, China, and Indonesia, a car is considered a status symbol. Thus, customers in such countries generally prefer to buy a car through physical stores where they can physically inspect the features of the car. For the middle-class population, buying

Between January and December 2024, General Motors was the leading automotive manufacturer based on sales in the United States. The Detroit company sold nearly 2.7 million passenger cars and light trucks in the U.S., which was around 10,000 more vehicles compared with the same time period one year earlier. Most other manufacturers also recorded an increase in sales in 2024 as they rebounded from the impact of the semiconductor shortage. Tesla, in contrast, reported a year-over-year decrease in sales volume. Electric sales continue growth In 2023, electric vehicles have fared better than conventional vehicles so far. Tesla’s vehicle sales are indicative of this trend on a global level, despite a slight decrease in U.S. sales. Tesla's worldwide deliveries broke records in 2023. However, competition is beginning to gain momentum, and manufacturers such as General Motors are continuing to add new electric vehicle models into their range of vehicles offered. Newcomers such as the Lucid Group and Karma Automotive are also gaining speed, with the Lucid Air Dream Edition Range being the electric vehicle from Model Year 2023 with the longest range. Vehicle market trends stabilize Annual retail sales of new light vehicles in the United States peaked in 2016, when the industry sold over three million units more than in 2020. The declining trend took place during a period of stagnation in the global automotive market, which saw light vehicle sales decline by around 14.4 percent between 2019 and 2020. Though 2023 recorded an uptick in light vehicle sales, this volume remained below pre-pandemic levels. During the 2020 coronavirus pandemic, transport modes that minimize contact with other people have become more attractive. U.S. vehicle sales have been relatively stable across 2022, and had started to grow in 2023.

United States US: GM: Sales: Vehicle: USA: Year to Date: By Brand: GMC data was reported at 269,507.000 Unit in Jun 2018. This records an increase from the previous number of 131,344.000 Unit for Mar 2018. United States US: GM: Sales: Vehicle: USA: Year to Date: By Brand: GMC data is updated quarterly, averaging 198,393.000 Unit from Mar 2017 (Median) to Jun 2018, with 4 observations. The data reached an all-time high of 269,507.000 Unit in Jun 2018 and a record low of 131,344.000 Unit in Mar 2018. United States US: GM: Sales: Vehicle: USA: Year to Date: By Brand: GMC data remains active status in CEIC and is reported by General Motors Company. The data is categorized under World Trend Plus’s Top Company: Automobile: Non-Asia – Table RA.NA002: General Motors Company (GM): Operational Data: Sales.

Used car dealers have recently experienced significant upheaval, primarily driven by global supply chain disruptions, changing consumer preferences and economic uncertainty. New vehicle shortages – partly caused by the well-publicized semiconductor crisis – have made it difficult for buyers to access affordable new cars, funneling greater demand into the used car market. At the same time, increasing migration to car-dependent cities and the rapid adoption of digital marketplaces have forced dealerships to evolve their business models rapidly. With heightened demand and tight inventories, dealers have enjoyed upticks in profit and greater pricing power, even as they’ve faced challenges securing vehicles and parts. Revenue for used car dealers expanded at a CAGR of 2.9%, reaching $147.4 billion through 2025, including a 2.1% jump that year. Over the past few years, these trends have fundamentally reshaped competition and operating norms for used car dealers. Used car prices have remained well above pre-pandemic levels, while dealers continually vied for a limited pool of quality inventory. Online-focused dealers gained a stronger foothold, pressuring traditional brick-and-mortar operations to enhance their digital presence and streamline purchasing. New financing options, including in-house and alternative lease models, emerged as key tools for capturing a broader range of customers. Meanwhile, interest in electric vehicles has grown, especially as prices have fallen, though concerns over battery life, resale value and serviceability have tempered wider adoption in the used segment. Tariffs and regulatory changes are expected to keep new car prices high, sustaining interest in used vehicles for price-conscious buyers. However, improvements in global supply chains are allowing new vehicle inventories to recover, intensifying competition and putting gradual downward pressure on used car prices. Dealers specializing in electric vehicles will need to navigate rapid depreciation and evolving consumer incentives. Persistent labor shortages and rising technological complexity will require ongoing investment in talent development and digital infrastructure. For used car dealers, the next few years will demand greater adaptability and innovation, as consumer expectations and market dynamics continue to shift. Revenue will climb at an estimated CAGR of 2.5% to $166.7 billion through 2030.

The global internet car collection service platform market is experiencing robust growth, driven by the increasing adoption of online platforms for vehicle transactions and the convenience they offer to both buyers and sellers. The market's expansion is fueled by several factors, including the rising preference for contactless services, especially post-pandemic, the increasing penetration of smartphones and internet access globally, and the development of sophisticated online valuation tools that provide accurate vehicle appraisals. This transparency and ease of use are attracting a wider range of users, from individual sellers looking for quick and efficient sales to large-scale dealerships seeking streamlined inventory management. The market is segmented by application (vehicle evaluation, information inquiry, transaction matching, others) and type (comprehensive service platform, special service platform). While comprehensive platforms offer a broader suite of services, special service platforms cater to niche needs, fostering competition and innovation within the market. The competitive landscape includes both established players like CarMax and Carvana, known for their significant market share in North America, and emerging companies in rapidly growing markets like China and India. Geographic expansion, particularly in developing economies with increasing car ownership, presents significant growth opportunities. However, challenges remain, including concerns about data security, the need for robust fraud prevention mechanisms, and regulatory hurdles in certain regions. The consistent adoption of technological advancements and strategic partnerships will be crucial for companies to maintain a competitive edge and capitalize on this expanding market. Further fueling market expansion is the rise of used car sales, a trend expected to continue for the foreseeable future, boosting demand for efficient online platforms for handling these transactions. The convenience and transparency offered by these platforms streamline the often complex processes involved in buying and selling vehicles. The integration of advanced technologies such as AI-powered valuation tools and secure payment gateways continues to enhance user experience and trust, driving market penetration. While challenges such as managing logistics and maintaining consumer trust persist, the market’s inherent advantages and the ongoing technological advancements are expected to overcome these obstacles, resulting in continued, substantial growth in the coming years. Differentiation will continue to be a key factor, with companies focusing on unique features, targeted marketing, and regional expansion strategies to establish dominance in specific segments of this thriving market. A focus on providing excellent customer service and building robust reputations for reliability will also be paramount to success.

United States US: GM: Sales: Vehicle: USA: Year to Date data was reported at 2,168,808.000 Unit in Sep 2018. This records an increase from the previous number of 1,474,170.000 Unit for Jun 2018. United States US: GM: Sales: Vehicle: USA: Year to Date data is updated quarterly, averaging 1,444,308.000 Unit from Mar 2017 (Median) to Sep 2018, with 6 observations. The data reached an all-time high of 2,195,502.000 Unit in Sep 2017 and a record low of 689,521.000 Unit in Mar 2017. United States US: GM: Sales: Vehicle: USA: Year to Date data remains active status in CEIC and is reported by General Motors Company. The data is categorized under World Trend Plus’s Top Company: Automobile: Non-Asia – Table RA.NA002: General Motors Company (GM): Operational Data: Sales.

The United States automotive dealership market is a robust and dynamic sector, exhibiting strong growth potential. While the exact market size in 2025 is not provided, considering a CAGR of over 4% and a likely substantial market size given the scale of the US automotive industry, a reasonable estimation for the 2025 market value would fall within the range of $800 billion to $1 trillion. This signifies a significant market opportunity for established players like AutoNation Inc., Sonic Automotive Inc., Lithia Motors Inc., and Asbury Automotive Group Inc., as well as smaller dealership groups. The market's growth is propelled by several factors, including increasing consumer demand for new and used vehicles (fueled by factors like population growth and economic conditions), the expanding adoption of technology in dealerships (enhancing customer experience and operational efficiency), and the ongoing shift towards electric vehicles (creating new sales opportunities and requiring dealer adaptations). However, the market faces certain challenges. These include fluctuating new car inventory levels due to supply chain disruptions, increasing operating costs, the rising costs of repairs and maintenance and intense competition among dealerships, both large and small. The market is segmented based on vehicle type (new vs. used), brand, location (rural vs. urban), and service offerings (sales, financing, maintenance, repair). This segmentation creates opportunities for niche players to thrive while larger companies leverage their scale and brand recognition to achieve broader market reach. The continued evolution of the automotive landscape, including advancements in autonomous driving and connected car technologies, will further shape the dynamics of the US automotive dealership market in the coming years, presenting both opportunities and challenges for businesses within the sector. By 2033, based on the projected CAGR, the market could reach values exceeding $1.2 trillion, making it an attractive sector for investment and strategic growth. Key drivers for this market are: Rapid Urbanization and Demand for Convinient Transportation. Potential restraints include: Traffic Congestion in Major Cities. Notable trends are: Rising Focus of Automotive Dealers on Enhancing Consumer Experience and Dealer Network to Drive Demand.

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The automotive front-end module market share is expected to increase by USD 29.37 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8%.

This automotive front-end module market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive front-end module market segmentation by application (passenger cars and commercial vehicles) and geography (APAC, Europe, North America, South America, and MEA). The automotive front-end module market report also offers information on several market vendors, including COMPAGNIE PLASTIC OMNIUM SE, DENSO Corp., FLEX-N-GATE Corp., Hyundai Mobis Co. Ltd., LINDE + WIEMANN SE & Co. KG, Magna International Inc., Marelli Holdings Co. Ltd., Montaplast GmbH, Motherson Sumi Systems Ltd., and SL Corp. among others.

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Automotive Front-end Module Market: Key Drivers, Trends, and Challenges

The increasing government support to promote EVs is notably driving the automotive front-end module market growth, although factors such as sharp decline in automobile production and sales may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive front-end module industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Automotive Front-end Module Market Driver

One of the key factors driving the global automotive front-end module industry growth is the increasing government support to promote EVs. For instance, in February 2019, the Indian government announced the second phase of the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles in India (FAME India) scheme and doubled the budget allocated for this phase. The aim of this scheme is to reduce the purchase price of hybrid and EVs, with a focus on vehicles used for public or shared transportation (buses, rickshaws, and taxis) and private two-wheelers. Similarly, in the US, consumers get a tax credit for purchasing EVs under the federal Internal Revenue Service (IRS) tax credit. As per the guidelines mentioned by the government, BEVs and PHEVs purchased in or after 2010 may be eligible for the US federal income tax credit of up to USD 7,500. Such factors are expected to positively impact the global automotive FEM market during the forecast period.

Key Automotive Front-end Module Market Trend

Increasing cost pressure faced by OEMs is one of the key automotive front-end module market trends that is expected to impact the industry positively in the forecast period. The factors responsible for high-cost pressures faced by OEMs included stringent emission norms, massive investments in R&D, market competition, and evolving customer demands. OEMs must bear the increase in vehicle costs because of the competitive market and cannot pass such costs to the end consumers. As they need to limit the production cost to fulfill the demand side necessities and provide high-quality products simultaneously, they remain liable for any such product failures or recalls, which can impact the bottom line. The manufacturers catering to the automotive industry are exploring various ways to restrict the production costs and maintain the quality standards simultaneously, which will support the market growth.

Key Automotive Front-end Module Market Challenge

One of the key challenges to the global automotive front-end module industry growth is the sharp decline in automobile production and sales. For instance, the sales of light vehicles in the US dropped by about 3.1% from January to March 2019 compared with the same period in the previous year. Automotive production in Germany, UK, and China, among other countries, has been declining since 2017. China registered a decline of about 12.4% in automotive sales during the first half of 2019. Automotive production in other major automotive manufacturing countries, such as India, Japan, and the US, registered growth during 2017-2018. Moreover, the automotive industry witnessed a slow growth in 2020, owing to the global COVID-19 outbreak. Such factors may limit the market growth in the coming years.

This automotive front-end module market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global a

US: GM: Sales: Vehicle: USA: ytd: By Brand: Buick: LaCrosse data was reported at 13,409.000 Unit in Sep 2018. This records an increase from the previous number of 11,119.000 Unit for Jun 2018. US: GM: Sales: Vehicle: USA: ytd: By Brand: Buick: LaCrosse data is updated quarterly, averaging 11,713.500 Unit from Mar 2017 (Median) to Sep 2018, with 6 observations. The data reached an all-time high of 15,634.000 Unit in Sep 2017 and a record low of 4,985.000 Unit in Mar 2017. US: GM: Sales: Vehicle: USA: ytd: By Brand: Buick: LaCrosse data remains active status in CEIC and is reported by General Motors Company. The data is categorized under World Trend Plus’s Top Company: Automobile: Non-Asia – Table RA.NA002: General Motors Company (GM): Operational Data: Sales.

Auto parts stores have endured ups and downs in recent years, similar to the rest of the auto sector. The outbreak of the pandemic brought the economy to a screeching halt. Stay-at-home orders prevented consumers from going into auto parts stores to make purchases and pushed transportation to the back of people's priority lists. The rapid recovery of the US economy boosted auto parts stores, as pent-up demand caused a surge in revenue. With the end of pandemic-related restrictions, Americans are now driving at high volumes again, raising the need for vehicle maintenance. Stores are stocking a wider range of products to appeal to the reignited need to drive. Revenue for auto parts stores is expected to climb at a CAGR of 0.4% to $79.6 billion through the end of 2025, including an expansion of 1.6% in 2025 alone. Strong economic growth in recent years garnered mixed results for auto parts stores. With more money, many consumers eyed new vehicles instead of fixing their current ones. Higher spending on new vehicles limits consumer spending on new parts and maintenance at auto parts stores. This trend will continue moving forward, especially considering the hike in the popularity of EVs. As EVs slowly gain ground in the auto sector, boosted by government assistance and climate consciousness, consumers will shy away from working on their vehicles, as electric engines are complex and foreign to most at-home mechanics. However, their boost to the auto sector will come with some benefits, as parts for EVs will also need to be replaced and maintained. The continued climb in consumer confidence will continue to benefit auto parts stores. National auto parts chains will strengthen their status at the top of the industry, as their continued growth of resources will enable them to use their economies of scale to tower over the competition. Some consumers prefer large, national auto parts stores because they feel more confident in the brand. Through this, these brands can raise prices and generate more profit in the coming years. Revenue is expected to swell at a CAGR of 2.0% to $87.7 billion through the end of 2030.

The United States automotive dealership market, valued at approximately $1 trillion in 2025, is poised for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) exceeding 4% through 2033. This expansion is fueled by several key drivers. Firstly, a recovering economy and increasing consumer disposable income are stimulating demand for both new and used vehicles. Secondly, technological advancements, including the rise of electric vehicles (EVs) and connected car technologies, are creating new revenue streams for dealerships through service and maintenance. Furthermore, the ongoing shift towards online car buying and the adoption of digital marketing strategies are transforming the customer experience and enhancing dealership efficiency. However, the market faces certain restraints. Supply chain disruptions, particularly the ongoing semiconductor chip shortage, continue to impact vehicle production and availability, affecting dealer inventory. Fluctuations in fuel prices and interest rates also influence consumer purchasing decisions, creating market volatility. Finally, increased competition from online marketplaces and direct-to-consumer sales models are challenging the traditional dealership model. The market is segmented by vehicle type (passenger cars and commercial vehicles), retail type (franchised and non-franchised), and service offerings (new and used vehicle sales, parts, services, finance, and insurance). Major players like Group 1 Automotive, AutoNation, and Penske Automotive Group are strategically adapting to these changes through investments in digital infrastructure, expansion of service offerings, and diversification of their revenue streams. The market's segmentation provides valuable insights into specific growth trajectories. The used vehicle segment is expected to experience particularly strong growth due to rising new vehicle prices and increasing consumer preference for pre-owned vehicles. Similarly, the parts and services segment benefits from the increasing age of the existing vehicle fleet, generating substantial after-sales revenue. Franchised retailers, while facing competition, maintain a significant market share due to brand recognition and established customer loyalty. The geographic focus on the United States reflects the size and maturity of its automotive market, alongside its robust automotive manufacturing and distribution networks. The forecast period indicates a continuing positive growth trajectory, although future growth will depend on macroeconomic conditions, technological advancements, and regulatory changes within the automotive industry. Recent developments include: July 2022: Lithia & Driveway (LAD) continued its US expansion by buying nine dealerships in southern Florida and one in Nevada, which are expected to add nearly USD 1 billion in annual revenue for the company. LAD also announced its expansion in Las Vegas, Nevada, with the addition of Henderson Hyundai and Genesis. With this purchase, LAD becomes the sole owner of the Hyundai and Genesis stores in the greater metro area., March 2022: Group1 Automotive Inc. announced that it completed a USD 2.0 billion five-year revolvings syndicated credit facility with 21 financial institutions that will expire in March 2027 and can be expanded to USD 2.4 billion total availability. The six manufacturer-affiliated finance companies are Mercedes-Benz Financial Services USA LLC, Toyota Motor Credit Corporation, BMW Financial Services NA LLC, American Honda Finance Corporation, VW Credit Inc., and Hyundai Capital America Inc., January 2022: Penske Automotive Group expanded its presence in the Austin/Round Rock market in Texas with the grand opening of the Honda Leander. The new dealership, located in Leander, Texas, is the retailer's 14th Honda store overall and is its ninth dealership in the market., January 2022: Sonic Automotive Inc., one of the nation's largest automotive retailers, acquired Sun Chevrolet in Chittenango, New York. Sonic also acquired Caputo's three used car locations in December 2021. The Chittenango location was the only new car dealership.. Notable trends are: Rising Focus of Automotive Dealers on Enhancing Consumer Experience and Dealer Network to Drive Demand.