The used car market is experiencing strong demand, driven by new vehicle supply chain issues and affordability concerns. Online platforms are disrupting traditional dealerships by offering increased transparency, AI-powered insights, and a more convenient buying experience. Digitalization and consumer demand for data-driven decisions are shaping its evolution, with a focus on value and trust.
Total Assets Under Management (AUM)
Used Car Sales Volume in United States
~35.9 million units (2023)
(-1.5% (2023 vs 2022) CAGR)
- Decline in sales volume in 2023.
- Reflects market adjustments post-pandemic.
- Inventory levels and interest rates are key factors.
1.7 trillion USD
Gene