There are more than 250 million used cars on the road in the United States and every year, close to 40 million of those used cars change hands.
Used-car sales volumes typically dwarf new-car sales.
How many used cars are sold in the US each year?
With 270 million vehicles in the U.S, and 40 million used vehicles sold each year, the time between transactions averages 6.75 years.
How many used cars were sold in the US in 2018?
The number of passenger cars sold in the U.S. stood at a little over 5.3 million units in 2018. Total car and light truck sales were 17.2 million in the United States and around 78.6 million units worldwide in 2018.
How many cars have been sold in the US?
The U.S. auto market is hot right now. According to data compiled by Business Insider and Kelley Blue Book, the automotive research company, more than 8.5 million cars have been sold in the first half of 2018.
How big is the used car market in the US?
The used vehicle market is substantially larger than other large retail sectors, such as the school and office products market (US$206 billion in estimated annual sales) and the home improvement market (US$291 billion in estimated annual sales). As of 2016, 38.5 million used vehicles were sold.