Used Car Market in US 2025-2029

Description

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:

Market Scope
Base Year	2025
End Year	2029
Series Year	2025-2029
Growth Momentum	Accelerate
YOY 2025	4.1%
CAGR	4.3%
Incremental Value	$40.2 bn

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.

Product Code: IRTNTR41649

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
3.3 Value chain analysis
- Value chain analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2024
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 Market Segmentation by Vendor Type

10.1 Market segments
- Chart on Vendor Type - Market share (2024-2029) (%)
- Data Table on Vendor Type - Market share (2024-2029) (%)
10.2 Comparison by Vendor Type
- Chart on Comparison by Vendor Type
- Data Table on Comparison by Vendor Type
10.3 Organized - Market size and forecast (2024-2029)
- Chart on Organized - Market size and forecast (2024-2029) ($ million)
- Data Table on Organized - Market size and forecast (2024-2029) ($ million)
- Chart on Organized - Year-over-year growth (2024-2029) (%)
- Data Table on Organized - Year-over-year growth (2024-2029) (%)
10.4 Unorganized - Market size and forecast (2024-2029)
- Chart on Unorganized - Market size and forecast (2024-2029) ($ million)
- Data Table on Unorganized - Market size and forecast (2024-2029) ($ million)
- Chart on Unorganized - Year-over-year growth (2024-2029) (%)
- Data Table on Unorganized - Year-over-year growth (2024-2029) (%)
10.5 Market opportunity by Vendor Type
- Market opportunity by $segment_name ($ million)
- Data Table on Market opportunity by $segment_name ($ million)

11 Market Segmentation by Fuel Type

11.1 Market segments
- Chart on Fuel Type - Market share (2024-2029) (%)
- Data Table on Fuel Type - Market share (2024-2029) (%)
11.2 Comparison by Fuel Type
- Chart on Comparison by Fuel Type
- Data Table on Comparison by Fuel Type
11.3 Diesel - Market size and forecast (2024-2029)
- Chart on Diesel - Market size and forecast (2024-2029) ($ million)
- Data Table on Diesel - Market size and forecast (2024-2029) ($ million)
- Chart on Diesel - Year-over-year growth (2024-2029) (%)
- Data Table on Diesel - Year-over-year growth (2024-2029) (%)
11.4 Petrol - Market size and forecast (2024-2029)
- Chart on Petrol - Market size and forecast (2024-2029) ($ million)
- Data Table on Petrol - Market size and forecast (2024-2029) ($ million)
- Chart on Petrol - Year-over-year growth (2024-2029) (%)
- Data Table on Petrol - Year-over-year growth (2024-2029) (%)
11.5 Market opportunity by Fuel Type
- Market opportunity by $segment_name ($ million)
- Data Table on Market opportunity by $segment_name ($ million)

12 Customer Landscape

12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

13 Drivers, Challenges, and Opportunity/Restraints

13.1 Market drivers
13.2 Market challenges
13.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
13.4 Market opportunities/restraints

14 Competitive Landscape

14.1 Overview
14.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
14.3 Landscape disruption
- Overview on factors of disruption
14.4 Industry risks
- Impact of key risks on business

15 Competitive Analysis

15.1 Companies profiled
- Companies covered
15.2 Company ranking index
- Company ranking index
15.3 Market positioning of companies
- Matrix on companies position and classification
15.4 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
15.5 AutoNation Inc.
- AutoNation Inc. - Overview
- AutoNation Inc. - Business segments
- AutoNation Inc. - Key offerings
- AutoNation Inc. - Segment focus
- SWOT
15.6 CarMax Inc.
- CarMax Inc. - Overview
- CarMax Inc. - Business segments
- CarMax Inc. - Key offerings
- CarMax Inc. - Segment focus
- SWOT
15.7 Carvana Co.
- Carvana Co. - Overview
- Carvana Co. - Product / Service
- Carvana Co. - Key news
- Carvana Co. - Key offerings
- SWOT
15.8 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
15.9 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
15.10 Hendrick Automotive Group
- Hendrick Automotive Group - Overview
- Hendrick Automotive Group - Product / Service
- Hendrick Automotive Group - Key offerings
- SWOT
15.11 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
15.12 Lithia Motors Inc.
- Lithia Motors Inc. - Overview
- Lithia Motors Inc. - Business segments
- Lithia Motors Inc. - Key offerings
- Lithia Motors Inc. - Segment focus
- SWOT
15.13 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
15.14 Sonic Automotive Inc.
- Sonic Automotive Inc. - Overview
- Sonic Automotive Inc. - Business segments
- Sonic Automotive Inc. - Key offerings
- Sonic Automotive Inc. - Segment focus
- SWOT
15.15 Vroom Inc.
- Vroom Inc. - Overview
- Vroom Inc. - Business segments
- Vroom Inc. - Key offerings
- Vroom Inc. - Segment focus
- SWOT

16 Appendix

16.1 Scope of the report
16.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
16.3 Currency conversion rates for US$
- Currency conversion rates for US$
16.4 Research methodology
- Research methodology
16.5 Data procurement
- Information sources
16.6 Data validation
- Data validation
16.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
16.8 Data synthesis
- Data synthesis
16.9 360 degree market analysis
- 360 degree market analysis
16.10 List of abbreviations
- List of abbreviations