The United States used car market size reached around USD 339.08 Billion in 2025. The market is projected to grow at a CAGR of 5.30% between 2026 and 2035 to reach nearly USD 568.31 Billion by 2035.
Base Year
Historical Period
Forecast Period
Consumers with a budget of USD 15,000-30,000 can easily purchase a 4-year-old used vehicle which can deliver around 50,400 miles on average.
Used car buyers spend an extra 40% of their time researching their vehicles online as compared to new vehicle buyers. This is expected to drive the United States used car market development.
As per industry reports, Americans purchase around 39.4 million second-hand automobiles annually.
Compound Annual Growth Rate
5.3%
Value in USD Billion
2026-2035
*this image is indicative*
| United States Used Car Market Report Summary | Description | Value |
| Base Year | USD Billion | 2025 |
| Historical Period | USD Billion | 2019-2025 |
| Forecast Period | USD Billion | 2026-2035 |
| Market Size 2025 | USD Billion | 339.08 |
| Market Size 2035 | USD Billion | 568.31 |
| CAGR 2019-2025 | Percentage | XX% |
| CAGR 2026-2035 | Percentage | 5.30% |
| CAGR 2026-2035 - Market by Region | Southeast | 6.0% |
| CAGR 2026-2035 - Market by Region | New England | 5.7% |
| CAGR 2026-2035 - Market by Vehicle Type | Sports Utility Vehicle (SUV) | 5.8% |
| CAGR 2026-2035 - Market by Sales Channel | Online | 7.4% |
| 2025 Market Share by Region | Southeast | 22.3% |
In Q3 of FY 2024-25, the average prices of used cars dropped by nearly 6.2% to USD 27,177 from USD 28,960 in Q3 of FY 2023-24. As per the United States used car market analysis, used vehicles under USD 10,000 constitute the fastest-selling vehicle category for first-time vehicle buyers, with the average days to turn recorded at 30-31 days. Vehicles valued between USD 15,000- 30,000 have accounted for over 50% of all second-hand automotive sales in the market, which signifies its emergence as a purchasing sweet spot for consumers. This is creating a favourable United States used car market outlook.
In Q3 of FY 2024-25, the price difference between old and new cars in the United States widened by over USD 20,000. This is expected to prompt price-conscious consumers to seek second-hand vehicles to meet their daily travel requirements.
The proliferation of digital retailing channels for second-hand automobiles is driving the United States used car market development. An increasing number of American consumers attach great importance to availing complete end-to-end purchasing support (59%), extensive vehicle information and effective search tools (64%), and unique delivery options (28%), which is expected to drive market growth over the forecast period.
The shift towards latest-model vehicles; increasing demand for used pickups and SUVs; improved customer experience offered by offline distribution channels; and rising demand for EVs are the major factors favouring the United States used car market growth
As an increasing number of people turn in older and less expensive vehicles for younger and pricier models, the market is expected to register significant growth. As per market analysis, used vehicles aged 3 years or more account for around 60% of the market share.
The rising demand for used pickups and SUVs can be attributed to the growing availability of vehicle financing options for consumers, which has enabled them to meet higher purchase prices. The availability of extended warranties and other financial protection products is expected to facilitate the United States car market expansion.
Brick-and-mortar stores dealing in used cars can potentially increase their per capita revenue by around USD 610 by providing proper inspection services and consumer test drives.
Evolving consumer preferences have led to an increased demand for used electric vehicles since they have a smaller ecological footprint and are available in a wide variety. Used EVs boast lower upfront costs, depreciation advantages, tax incentives, and reduced insurance costs.
Ford F-150 pick up trucks became the most popular used vehicle to be traded in the United States. This was followed by the Chevrolet Silverado, which accounted for 555,148 units of sales. The United States used car market value is increasing amid rising sales of Silverado 1500 in Iowa, which accounted for around 5.3% of the sales mix of 1- to 5-year-old vehicles. Around 193,000 units of Ram 1500 were also sold, indicating evolving consumer preferences.
The EMR’s report titled “United States Used Car Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Vehicle Type
Market Breakup by Fuel Type
Market Breakup by Vendor Type
Market Breakup by Sales Channel
Market Breakup by Region
| CAGR 2026-2035 - Market by | Region |
| Southeast | 6.0% |
| New England | 5.7% |
| Mideast | XX% |
| Great Lakes | XX% |
| Plains | XX% |
| Others | XX% |
Based on region, the market is segmented into New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West. The Southeast is projected to dominate the market, representing 22% of the overall market share. As per the United States car market analysis, the region is expected to grow at a CAGR of 6.0% due to the increasing demand for electric vehicles and rapid improvements in customer service delivery.
Major players are using AI tools to enhance the customer experience in brick-and-mortar stores, thereby increasing the United States used car market revenue.
Sonic Automotive was founded in 1997 and is headquartered in North Carolina, United States. It is one of the largest powersports and automotive retailing companies in the USA.
Carvana Co. was established in 2012 and is based in Arizona, United States. It was awarded the #2 position as one of the most customer-centric companies by Forbes in 2022. It is also a leading digital platform for selling used automobiles.
Asbury Automotive Group was founded in 1995 and is based in Georgia, United States. It is involved in offering financing, selling, and administrative services to automotive producers in the USA.
AutoNation Inc. was formed in 1996 and is based in Florida, United States. It is involved in distributing second-hand/ new automobiles and providing automotive insurance policies.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other players included in the United States used car market report are Sullivan Motor Company Inc, CarBravo, CarMax Enterprise Services, LLC, Group 1 Automotive Inc., Hendrick Automotive Group, and Lithia Motors Inc., among others.
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In 2025, the market reached an approximate value of USD 339.08 Billion.
The market is projected to grow at a CAGR of 5.30% between 2026 and 2035.
The market is estimated to witness healthy growth in the forecast period of 2026-2035 to reach a value of around USD 568.31 Billion by 2035.
The different regions considered in the market report include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The different types of vehicles in the market are hatchbacks, sedans, and SUVs, among others.
The different vehicles based on fuel type considered in the market report include diesel, petrol, and electric, among others.
The different sales channels in the market are online and offline.
Key players in the market are Carvana Co., Asbury Automotive Group, AutoNation Inc., Sullivan Motor Company Inc, CarBravo, CarMax Enterprise Services, LLC, Group 1 Automotive Inc., Hendrick Automotive Group, Lithia Motors Inc., and Sonic Automotive, among others.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Vehicle Type |
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| Breakup by Fuel Type |
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| Breakup by Vendor Type |
|
| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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