United States Used Car Market: Size, Trends, and Growth Forecasts

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Published date: 21 Mar, 2025 02:52 PM
  • Location: Cologne
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United States Used Car Market: Size, Trends, and Growth Forecasts
United States Used Car Market: Size, Trends, and Growth Forecasts

The United States used car market is experiencing substantial growth, with significant contributions from economic, technological, and demographic factors. According to a TechSci Research report, the market was valued at USD 203.63 billion in 2023 and is projected to reach USD 318.35 billion by 2029, growing at a CAGR of 7.81%.

This surge is attributed to a combination of affordability, increased vehicle lifespan, rising demand for sustainable options, and evolving consumer preferences. Additionally, factors such as inflation, supply chain disruptions, and the growing presence of digital platforms have shaped the market dynamics. This report examines key factors influencing the market, emerging trends, and future growth potential.



cLiCk tHe bElOw lInK To dOwNlOaD ThE FrEe sAmPlE RePoRt fOr iNsIgHtS.


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