United States Used Car Expected to Reach USD 980.47 Billion by 2031 - Mordor Intelligence

Introduction

According to Mordor Intelligence, the United States Used Car market size was valued at USD 871.30 billion in 2026 and is projected to reach USD 980.47 billion by 2031, expanding at a CAGR of 2.41% during the 2026-2031 forecast period. Market growth is driven by rising new-vehicle prices, improving dealer digitization, and expanding access to financing and certified pre-owned vehicles.

Report Overview: https://www.mordorintelligence.com/industry-reports/united-states-used-car-market?utm_source=openpr

Key Market Trends

Impact of New Vehicle Affordability Pressures: Higher new-vehicle prices continue to divert consumers toward the used vehicle segment, supporting steady transaction volumes and reinforcing the long-term resilience of the United States Used Car market.

Expansion of Organized Dealerships: Organized dealers account for a growing portion of the United States Used Car market share, benefiting from centralized inventory management, transparent pricing models, and integrated financing offerings. Their scale and digital capabilities are strengthening customer trust and repeat purchases.

Gradual Rise of Electric Vehicles in the Secondary Market: While internal combustion engine vehicles dominate resale volumes, electric vehicles represent the fastest-growing segment. Declining resale prices and improved consumer awareness are supporting broader adoption in the used vehicle space.

Shift Toward Omnichannel Sales Models: Offline sales remain dominant; however, online and hybrid purchasing models are expanding rapidly. Digital browsing, remote financing, and home delivery options are reshaping buyer expectations and accelerating platform investments.

Check out more details and localized insights in the Japanese version:

https://www.mordorintelligence.com/ja/industry-reports/united-states-used-car-market?utm_source=openpr

Market Segmentation

The United States Used Car market analysis segments the industry as follows:

By Vendor Type
-Organized Dealers
-Unorganized Dealers

By Fuel Type
-Gasoline
-Diesel
-Hybrid
-Battery Electric

By Body Type
-Hatchback
-Sedan
-SUV and MPV
-Pickup and Van

By Sales Channel
-Offline
-Online

By Geography
-California
-Texas
-Florida
-Rest of the United States

This segmentation reflects evolving consumer preferences, fuel diversification, and regional demand variations across the United States Used Car industry.

Major Players

Key companies operating in the United States Used Car industry include:

AutoNation, Inc.

Lithia Motors

Penske Automotive Group

Sonic Automotive

CarMax

These players focus on inventory expansion, pricing analytics, digital sales platforms, and certified pre-owned programs to strengthen competitive positioning.

Conclusion

The United States Used Car market forecast indicates stable growth through 2031, supported by affordability challenges in the new-vehicle market, rising penetration of organized dealers, and gradual electrification of the used vehicle fleet. As digital and physical sales channels continue to converge, market participants are expected to prioritize customer experience, inventory optimization, and data-driven decision-making to sustain growth and defend market share.

For complete market coverage and insights, visit the Mordor Intelligence report page:

https://www.mordorintelligence.com/industry-reports/united-states-used-car-market?utm_source=openpr

Industry Related Reports

Commercial Vehicles Market: The Commercial Vehicles Market report is segmented by vehicle type, including buses, heavy-duty commercial trucks, and others; propulsion type, covering hybrid and electric vehicles and internal combustion engines; gross vehicle weight rating, such as Class 1, Class 2, and others; end-use industry, including logistics and e-commerce, construction and mining, and more; and geography. Market forecasts are presented in terms of value in USD and volume in units.

Get More insights: https://www.mordorintelligence.com/industry-reports/commercial-vehicle-market?utm_source=openpr


Golf Cart Market: The Golf Cart Market report is segmented by propulsion type, including electric, gasoline, and solar-hybrid models; seating capacity, covering 2, 4, 6, and 8+ seaters; vehicle format, such as open-top and enclosed; application, including golf courses and other uses; sales channel, comprising offline and online; and geography. Market forecasts are provided in terms of value in USD and volume in units.

Get More insights: https://www.mordorintelligence.com/industry-reports/golf-cart-market?utm_source=openpr

Municipal Vehicles Market: The Municipal Vehicles Market report analyses global trends in municipal and garbage collection vehicles. It is segmented by displacement, including up to 10 tons, 10 to 20 tons, 20 to 30 tons, and more than 30 tons; ownership type, covering municipality-owned and outsourced vehicles; application, such as waste collection and disposal, water supply, firefighting, construction and repair, and others; and geography.

Get More Insights: https://www.mordorintelligence.com/industry-reports/municipal-vehicles-market?utm_source=openpr

Get more Insights: https://www.mordorintelligence.com/industry-reports/automatic-weapons-market?utm_source=openpr

For any inquiries or to access the full report, please contact:

media@mordorintelligence.com
https://www.mordorintelligence.com/

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

This release was published on openPR.