North America Used Car Market, 2026-2033
Global Report
Related Markets
North America used car market highlights
- The North America used car market generated a revenue of USD 690,964.3 million in 2025.
- The market is expected to grow at a CAGR of 4.7% from 2026 to 2033.
- In terms of segment, conventional was the largest revenue generating vehicle type in 2025.
- Hybrid is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2026 to 2033.
North America data book summary
| Market revenue in 2025 | USD 690,964.3 million |
| Market revenue in 2033 | USD 1,001,180.7 million |
| Growth rate | 4.7% (CAGR from 2026 to 2033) |
| Largest segment | Conventional |
| Fastest growing segment | Hybrid |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hybrid, Conventional, Electric |
| Key market players worldwide | Alibaba Group Holding Ltd ADR, CarMax Inc, Asbury Automotive Group Inc, TrueCar Inc, Scout24 SE, Lithia Motors Inc Class A, Group 1 Automotive Inc, EBay Inc, AutoNation Inc, Hendrick Automotive Group |
Other key industry trends
- In terms of revenue, North America region accounted for 34.2% of the used car market in 2025.
- Globally, North America is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 896,363.6 million by 2033.
The U.S. has the most developed wholesale used car market, resulting in the highest share of organized dealers among the developed countries. Currently, in the U.S., dealer attitudes toward the used car business tend to be the most growth-oriented and entrepreneurial.
In the last few years, the SUVs segment has registered significant growth in the market in terms of volume sales. Furthermore, in the U.S. market, SUVs are expected to gain significant market share over the forecast period.
Increasing online sales of used cars has become a significant factor in driving sales in the market. Prominent market players with the dealers have adopted the online sales channel technique to attract a new customer base. For instance: In November 2020, Ford announced to launch a new online used-vehicle platform.
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Publish Date: Feb 27, 2025
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Used Car Market
Used Car Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Alibaba Group Holding Ltd ADR | View profile | 204,891 | 1 Matheson Street, Causeway Bay, 26th Floor, Tower One, Times Square, Hong Kong, Hong Kong, | www.alibabagroup.com |
| CarMax Inc | View profile | 29,836 | 12800 Tuckahoe Creek Parkway, Richmond, VA, United States, 23238 | www.carmax.com |
| Asbury Automotive Group Inc | View profile | 15,000 | 2905 Premiere Parkway North West, Suite 300, Duluth, GA, United States, 30097 | www.asburyauto.com |
| TrueCar Inc | View profile | 324 | 1401 Ocean Avenue, Suite 200, Santa Monica, CA, United States, 90401 | www.truecar.com |
| Scout24 SE | View profile | 1,055 | Invalidenstrasse 65, Berlin, BY, Germany, 10557 | www.scout24.com |
| Lithia Motors Inc Class A | View profile | 27,446 | 150 N. Bartlett Street, Medford, OR, United States, 97501 | www.lithia.com |
| Group 1 Automotive Inc | View profile | 16,011 | 800 Gessner, Suite 500, Houston, TX, United States, 77024 | www.group1auto.com |
| EBay Inc | View profile | 12,300 | 2025 Hamilton Avenue, San Jose, CA, United States, 95125 | www.ebay.com |
| AutoNation Inc | View profile | 25,300 | 200 South West 1st Avenue, Fort Lauderdale, FL, United States, 33301 | www.autonation.com |
| Hendrick Automotive Group | View profile | 10001+ | Charlotte, North Carolina, United States, North America | www.hendrickauto.com/ |
North America used car market
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Used Car Market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 42.57% in 2025.
Horizon Databook has segmented the North America used car market based on hybrid, conventional, electric covering the revenue growth of each sub-segment from 2021 to 2033.
The U.S. has the most developed wholesale used car market, resulting in the highest share of organized dealers among the developed countries. Currently, in the U.S., dealer attitudes toward the used car business tend to be the most growth-oriented and entrepreneurial.
In the last few years, the SUVs segment has registered significant growth in the market in terms of volume sales. Furthermore, in the U.S. market, SUVs are expected to gain significant market share over the forecast period.
Increasing online sales of used cars has become a significant factor in driving sales in the market. Prominent market players with the dealers have adopted the online sales channel technique to attract a new customer base. For instance: In November 2020, Ford announced to launch a new online used-vehicle platform.
- North America Used Car Market Vehicle Type Outlook (Revenue, USD Million , 2021-2033)
- Hybrid
- Conventional
- Electric
- North America Used Car Market Vendor Type Outlook (Revenue, USD Million , 2021-2033)
- Organized
- Unorganized
- North America Used Car Market Fuel Type Outlook (Revenue, USD Million , 2021-2033)
- Diesel
- Petrol
- Others
- North America Used Car Market Size Outlook (Revenue, USD Million , 2021-2033)
- Compact
- Mid-Sized
- SUV
- North America Used Car Market Sales Channel Outlook (Revenue, USD Million , 2021-2033)
- Offline
- Online
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Target buyers of used car market databook
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America used car market, including forecasts for subscribers. This continent databook contains high-level insights into North America used car market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
North America Used Car Market, 2021-2033 (US$M)
North America used car market statistics, by vehicle type, 2021-2033 (Million Units)
