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 exhibits significant growth, driven by the excellent value-for-money proposition that used cars offer compared to new ones. This trend is further fueled by the increasing penetration of websites dedicated to selling used cars, providing convenience and accessibility to consumers. Luxury vehicles and certified pre-owned vehicles remain popular choices, while car subscription services provide an alternative to traditional ownership. The used car market caters to various vehicle types, including electric, hybrid, conventional, CNG-powered, diesel, SUVs, mid-sized, and compact cars. However, the market faces challenges due to stringent emission regulations, which restrict the sales of non-compliant used cars. Adhering to these regulations is crucial for maintaining consumer trust and ensuring the market's sustainability. As the demand for affordable and sustainable transportation solutions continues to rise, the used car market is poised for continued growth In the coming years.
What will be the Size of the market During the Forecast Period?
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1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Market Segmentation by Product
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ billion)
- Data Table on US - Market size and forecast 2024-2029 ($ billion)
- Chart on US: Year-over-year growth 2024-2029 (%)
- Data Table on US: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Used Car Market in US 2019 - 2023
- Historic Market Size - Data Table on Used Car Market in US 2019 - 2023 ($ billion)
- 5.2 Distribution Channel segment analysis 2019 - 2023
- Historic Market Size - Distribution Channel Segment 2019 - 2023 ($ billion)
- 5.3 Product segment analysis 2019 - 2023
- Historic Market Size - Product Segment 2019 - 2023 ($ billion)
6 Qualitative Analysis
- 6.1 The AI impact on global used car market in US
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Distribution Channel
- 8.1 Market segments
- Chart on Distribution Channel - Market share 2024-2029 (%)
- Data Table on Distribution Channel - Market share 2024-2029 (%)
- 8.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
- 3P channel sales - Market size and forecast 2024-2029
- Chart on 3P channel sales - Market size and forecast 2024-2029 ($ billion)
- Data Table on 3P channel sales - Market size and forecast 2024-2029 ($ billion)
- Chart on 3P channel sales - Year-over-year growth 2024-2029 (%)
- Data Table on 3P channel sales - Year-over-year growth 2024-2029 (%)
- 8.4 OEM channel sales - Market size and forecast 2024-2029
- Chart on OEM channel sales - Market size and forecast 2024-2029 ($ billion)
- Data Table on OEM channel sales - Market size and forecast 2024-2029 ($ billion)
- Chart on OEM channel sales - Year-over-year growth 2024-2029 (%)
- Data Table on OEM channel sales - Year-over-year growth 2024-2029 (%)
- 8.5 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ billion)
- Data Table on Market opportunity by Distribution Channel ($ billion)
9 Market Segmentation by Product
- 9.1 Market segments
- Chart on Product - Market share 2024-2029 (%)
- Data Table on Product - Market share 2024-2029 (%)
- 9.2 Comparison by Product
- Chart on Comparison by Product
- Data Table on Comparison by Product
- 9.3 Mid size - Market size and forecast 2024-2029
- Chart on Mid size - Market size and forecast 2024-2029 ($ billion)
- Data Table on Mid size - Market size and forecast 2024-2029 ($ billion)
- Chart on Mid size - Year-over-year growth 2024-2029 (%)
- Data Table on Mid size - Year-over-year growth 2024-2029 (%)
- 9.4 Full size - Market size and forecast 2024-2029
- Chart on Full size - Market size and forecast 2024-2029 ($ billion)
- Data Table on Full size - Market size and forecast 2024-2029 ($ billion)
- Chart on Full size - Year-over-year growth 2024-2029 (%)
- Data Table on Full size - Year-over-year growth 2024-2029 (%)
- 9.5 Compact size - Market size and forecast 2024-2029
- Chart on Compact size - Market size and forecast 2024-2029 ($ billion)
- Data Table on Compact size - Market size and forecast 2024-2029 ($ billion)
- Chart on Compact size - Year-over-year growth 2024-2029 (%)
- Data Table on Compact size - Year-over-year growth 2024-2029 (%)
- 9.6 Market opportunity by Product
- Market opportunity by Product ($ billion)
- Data Table on Market opportunity by Product ($ billion)
10 Customer Landscape
- 10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Drivers, Challenges, and Opportunity/Restraints
- 11.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 11.4 Market opportunities/restraints
12 Competitive Landscape
- 12.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 12.3 Landscape disruption
- Overview on factors of disruption
- 12.4 Industry risks
- Impact of key risks on business
13 Competitive Analysis
- 13.2 Company ranking index
- 13.3 Market positioning of companies
- Matrix on companies position and classification
- 13.4 Asbury Automotive Group Inc.
- Asbury Automotive Group Inc. - Overview
- Asbury Automotive Group Inc. - Business segments
- Asbury Automotive Group Inc. - Key offerings
- Asbury Automotive Group Inc. - Segment focus
- SWOT
- 13.5 AutoNation Inc.
- AutoNation Inc. - Overview
- AutoNation Inc. - Business segments
- AutoNation Inc. - Key offerings
- AutoNation Inc. - Segment focus
- SWOT
- 13.6 CarMax Inc.
- CarMax Inc. - Overview
- CarMax Inc. - Business segments
- CarMax Inc. - Key offerings
- CarMax Inc. - Segment focus
- SWOT
- 13.7 Carvana Co.
- Carvana Co. - Overview
- Carvana Co. - Product / Service
- Carvana Co. - Key news
- Carvana Co. - Key offerings
- SWOT
- 13.8 General Motors Co.
- General Motors Co. - Overview
- General Motors Co. - Business segments
- General Motors Co. - Key news
- General Motors Co. - Key offerings
- General Motors Co. - Segment focus
- SWOT
- 13.9 Group 1 Automotive Inc.
- Group 1 Automotive Inc. - Overview
- Group 1 Automotive Inc. - Business segments
- Group 1 Automotive Inc. - Key offerings
- Group 1 Automotive Inc. - Segment focus
- SWOT
- 13.10 Hendrick Automotive Group
- Hendrick Automotive Group - Overview
- Hendrick Automotive Group - Product / Service
- Hendrick Automotive Group - Key offerings
- SWOT
- 13.11 Hertz Global Holdings Inc.
- Hertz Global Holdings Inc. - Overview
- Hertz Global Holdings Inc. - Business segments
- Hertz Global Holdings Inc. - Key news
- Hertz Global Holdings Inc. - Key offerings
- Hertz Global Holdings Inc. - Segment focus
- SWOT
- 13.12 Lithia Motors Inc.
- Lithia Motors Inc. - Overview
- Lithia Motors Inc. - Business segments
- Lithia Motors Inc. - Key offerings
- Lithia Motors Inc. - Segment focus
- SWOT
- 13.13 Penske Automotive Group Inc.
- Penske Automotive Group Inc. - Overview
- Penske Automotive Group Inc. - Business segments
- Penske Automotive Group Inc. - Key news
- Penske Automotive Group Inc. - Key offerings
- Penske Automotive Group Inc. - Segment focus
- SWOT
- 13.14 Sonic Automotive Inc.
- Sonic Automotive Inc. - Overview
- Sonic Automotive Inc. - Business segments
- Sonic Automotive Inc. - Key offerings
- Sonic Automotive Inc. - Segment focus
- SWOT
- 13.15 Vroom Inc.
- Vroom Inc. - Overview
- Vroom Inc. - Business segments
- Vroom Inc. - Key offerings
- Vroom Inc. - Segment focus
- SWOT
14 Appendix
- 14.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 14.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 14.4 Research methodology
- 14.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 14.9 360 degree market analysis
- 360 degree market analysis
- 14.10 List of abbreviations
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