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The used car market in the US is forecasted to grow by USD 31.7 billion during 2025-2030, accelerating at a CAGR of 4.7% during the forecast period. The report on the used car market in the US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by expansion of certified preowned programs and warranty assurance, rising affordability gap and new vehicle price inflation, digital transformation and omnichannel retail adoption.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.
The used car market in the US is segmented as below:
By Distribution Channel
- 3P channel sales
- OEM channel sales
By Product
- Mid size
- Full size
- Compact size
By Vehicle Type
- SUV
- Trucks
- Sedan
- Others
By Region
- North America
- US
The report on the used car market in the US covers the following areas:
- Used car market in the US sizing
- Used car market in the US forecast
- Used car market in the US industry analysis
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Distribution Channel
9 Market Segmentation by Product
10 Market Segmentation by Vehicle Type
11 Customer Landscape
12 Drivers, Challenges, and Opportunity
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global used car market in us: Asbury Automotive Group Inc., AutoNation Inc., Autotrader Inc, CarBravo, CARFAX, CarGurus Inc., CarMax Inc., Cars.com LLC, Carvana Co., Enterprise Mobility, Ford Blue Advantage, Group 1 Automotive Inc., Hendrick Automotive Group, Hertz Global Holdings Inc., Kelley Blue Book, Lithia Motors Inc., Penske Automotive Group Inc., RumbleOn Inc., Sonic Automotive Inc., Toyota Motor Sales U.S.A. Inc.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is digital retail evolution and omnichannel integration."
According to the report, one of the major drivers for this market is the expansion of certified preowned programs and warranty assurance.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Asbury Automotive Group Inc.
- AutoNation Inc.
- Autotrader Inc
- CarBravo
- CARFAX
- CarGurus Inc.
- CarMax Inc.
- Cars.com LLC
- Carvana Co.
- Enterprise Mobility
- Ford Blue Advantage
- Group 1 Automotive Inc.
- Hendrick Automotive Group
- Hertz Global Holdings Inc.
- Kelley Blue Book
- Lithia Motors Inc.
- Penske Automotive Group Inc.
- RumbleOn Inc.
- Sonic Automotive Inc.
- Toyota Motor Sales U.S.A. Inc
