Used Car Market in US 2025-2029

Used Car Market In US 2025-2029

The used car market in us is forecasted to grow by $ 40.2 bn during 2024-2029, accelerating at a CAGR of 4.3% % during the forecast period. The report on the used car market in us provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

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 excellent value for money proposition of used cars, reducing ownership cycle of cars, and increasing technological innovations in passenger cars.

Technavio's used car market in us is segmented as below:

By Distribution Channel

• 3P channel sales
• OEM channel sales

By Product

• Mid size
• Full size
• Compact size

By Geographical Landscape

• North America

This study identifies the increased penetration of websites dedicated to selling used cars as one of the prime reasons driving the used car market in us growth during the next few years. Also, vending machine platform for dispensing used cars and improved touchpoint management will lead to sizable demand in the market.

The report on the used car market in us covers the following areas:

• Used Car Market in US sizing
• Used Car Market in US forecast
• Used Car Market in US industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading used car market in us vendors that include Asbury Automotive Group Inc., AutoNation Inc., CarMax Inc., Carvana Co., General Motors Co., Group 1 Automotive Inc., Hendrick Automotive Group, Hertz Global Holdings Inc., Lithia Motors Inc., Penske Automotive Group Inc., Sonic Automotive Inc., and Vroom Inc.. Also, the used car market in us analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

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 an analysis of the key vendors.

The publisher 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.