세계의 중고차 시장 : 시장 규모, 점유율, 성장 및 산업 분석 - 유형별, 용도별, 지역별 인사이트 및 예측(2024-2032년)

Growth Factors of used cars Market

The global used cars market continues to strengthen as consumers increasingly favor cost-efficient mobility solutions amid economic uncertainty, rising new-vehicle prices, and rapid digitalization. According to the latest assessment, the market was valued at USD 1,063.9 billion in 2024, is projected to rise to USD 1,159.3 billion in 2025, and is expected to reach USD 1,879.043 billion by 2032, reflecting a strong 7.10% CAGR during the forecast period. With Asia Pacific dominating at 34.21% share in 2024, the sector is undergoing a structural transformation driven by digital channels, changing consumer behavior, and growing adoption of alternative fuel vehicles, including used EVs.

Market Overview

The used car market has become a critical component of the global automotive ecosystem as consumers seek affordability, reliability, and flexibility. A used car-previously owned and resold via private sellers, dealerships, or online platforms-offers significant financial advantages over new vehicles. Factors such as rising urbanization, greater model availability, and improved financing accessibility continue to boost demand. Post-pandemic shifts also redirected buyers toward personal mobility solutions, accelerating used vehicle transactions globally.

COVID-19 Impact

The pandemic initially weakened both new and used vehicle sales due to lockdowns and supply chain disruptions. However, reduced availability of new cars caused by semiconductor shortages ultimately pushed consumers toward the used car market. Affordability concerns further drove demand in 2022-2024, as households prioritized cost-efficient choices. This shift fundamentally reshaped automotive purchasing behavior, establishing long-term momentum for pre-owned vehicle adoption worldwide.

Market Trends

A defining trend is the rapid digital transformation of used car sales. Online platforms such as Carvana, Vroom, AutoTrader, and Cars24 have revolutionized car shopping, offering virtual inspections, transparent pricing, and doorstep delivery. These platforms cater particularly to younger consumers who prioritize convenience and digital engagement.

Another significant trend is the growing preference for technology-equipped used vehicles. Buyers increasingly seek advanced features such as infotainment systems, ADAS, and connectivity technologies. The used EV market is also gaining traction, driven by affordability, sustainability awareness, and expanding charging infrastructure.

Market Drivers

A primary growth driver is the rising cost of new vehicles, propelled by inflation, higher interest rates, and manufacturing delays. As new car prices exceed the budgets of many households, the used vehicle market becomes a more viable option. Companies such as CarMax and AutoNation have reported considerable increases in used car sales, reflecting this shift.

Digital marketplaces also drive demand by offering improved transparency, competitive pricing, and wide inventory access. The ability to compare thousands of vehicles online enhances consumer confidence and speeds up purchasing decisions.

Market Restraints

High maintenance and repair costs associated with older vehicles remain a challenge. Average annual maintenance expenses can exceed USD 900, and luxury brands often incur significantly higher lifetime costs. Rising interest rates-often surpassing 14% for used car loans-further strain affordability.

Concerns over vehicle history, hidden defects, and warranty limitations also restrain market growth. Regulatory warnings, such as those issued by South Africa's NCC in 2024 regarding undisclosed defects, highlight ongoing trust issues within the sector.

Segmental Insights

• Vehicle Type: SUVs dominate with 45% market share in 2024, driven by demand for spacious, versatile vehicles. Hatchbacks exhibit fast growth among urban and younger buyers.
• Sales Channel: Offline sales remain dominant with over 70% share due to physical inspection advantages. Online channels are the fastest-growing, expanding at 13.10% CAGR (2025-2032).
• Fuel Type: Petrol vehicles lead with 47% expected share in 2025. Used EVs show rapid expansion at 12.60% CAGR, fueled by affordability and sustainability preferences.
• Distribution Channel: Franchised dealers lead with 46.80% share in 2025, supported by certified pre-owned programs.
• Age: Vehicles aged 4-7 years dominate due to balanced cost and reliability, capturing 44.80% share in 2025.

Regional Outlook

• Asia Pacific leads the market with USD 363.97 billion in 2024, driven by demand in China, India, and Japan. Organized retail and digital platforms accelerate adoption.
• North America follows with strong CPO (certified pre-owned) programs and a 2025 valuation of USD 363.31 billion.
• Europe records USD 134.46 billion in 2025, with diverse consumer preferences and rising regulatory pressures.
• Rest of World markets-valued at USD 251.40 billion in 2025-show steady growth driven by expanding financing access.

Conclusion

As the market expands from USD 1,063.9 billion in 2024 to USD 1,879.043 billion by 2032, the used car industry is poised for sustained growth. Digital innovation, affordability concerns, and rising EV adoption will define the next decade, creating a more transparent, efficient, and consumer-centric marketplace.

Growth Rate 7.1% from 2025 to 2032

Segmentation By Sales Channel Type

• Offline
• Online

By Fuel Type

• Petrol
• Diesel
• CNG
• Electric

By Distribution Channel

• Franchised Dealer
• Independent Dealer
• C2C

By Vehicle Type

• Hatchbacks
  • Economy
  • Premium
  • Luxury
• Sedan
  • Economy
  • Premium
  • Luxury
• SUVs
  • Economy
  • Premium
  • Luxury

By Age

• 1 to 3 years old
• 4 to 7 years old
• More than 8 Years old

By Region

North America ( By Sales channel Type, By Vehicle Type, By Fuel Type, By Distribution Channel, and By Age )

• U.S ( By Vehicle Type )
• Canada ( By Vehicle Type )
• Mexico ( By Vehicle Type )
• Europe ( By Sales channel Type, By Vehicle Type, By Fuel Type, By Distribution Channel, and By Age )
  • U.K. ( By Vehicle Type )
  • Germany ( By Vehicle Type )
  • France ( By Vehicle Type )
  • Rest of Europe ( By Vehicle Type )
• Asia Pacific ( By Sales channel Type, By Vehicle Type, By Fuel Type, By Distribution Channel, and By Age )
  • China ( By Vehicle Type )
  • Japan ( By Vehicle Type )
  • India ( By Vehicle Type )
  • South Korea ( By Vehicle Type )
  • Rest of APAC ( By Vehicle Type )
• Rest of the World ( By Sales channel Type, By Vehicle Type, By Fuel Type, By Distribution Channel, and By Age )

Table of Content

1. Introduction

• 1.1. Research Scope
• 1.2. Market Segmentation
• 1.3. Research Methodology
• 1.4. Definitions and Assumptions

2. Executive Summary

3. Market Dynamics

• 3.1. Market Drivers
• 3.2. Market Restraints
• 3.3. Market Opportunities
• 3.4. Market Trends

4. Key Insights

• 4.1. Key Industry Developments Mergers, Acquisitions & Partnerships
• 4.2. Latest Technological Advancements
• 4.3. Porter's Five Forces Analysis
• 4.4. Impact of COVID-19 Pandemic on Global Used Cars Market

5. Global Used Cars Market Analysis, Insights, and Forecast (2019-2032)

• 5.1. Key Findings / Definitions
• 5.2. Market Analysis by Vehicle Type
  • 5.2.1. Hatchbacks
    • 5.2.1.1. By Vehicle Class
  • 5.2.2. Sedan
    • 5.2.2.1. By Vehicle Class
  • 5.2.3. SUVs
    • 5.2.3.1. By Vehicle Class
• 5.3. Market Analysis by Sales Channel Type
  • 5.3.1. Offline
  • 5.3.2. Online
• 5.4. Market Analysis by Fuel Type
  • 5.4.1. Petrol
  • 5.4.2. Diesel
  • 5.4.3. CNG
  • 5.4.4. Electric
• 5.5. Market Analysis by Distribution Channel
  • 5.5.1. Franchised Dealer
  • 5.5.2. Independent Dealer
  • 5.5.3. C2C
• 5.6. Market Analysis by Age
  • 5.6.1. 1 to 3 Years Old
  • 5.6.2. 4 to 7 Years Old
  • 5.6.3. More than 8 Years Old
• 5.7. Market Analysis by Region
  • 5.7.1. North America
  • 5.7.2. Europe
  • 5.7.3. Asia Pacific
  • 5.7.4. Rest of the World

6. Regional Market Insights

• 6.1. North America
• 6.2. Europe
• 6.3. Asia Pacific
• 6.4. Rest of the World

7. Competitive Analysis

• 7.1. Key Industry Developments
• 7.2. Global Market Rank Analysis 2024
• 7.3. Competitive Dashboard
• 7.4. Comparative Analysis Major Players
• 7.5. Company Profiles
  • 7.5.1. CarMax US
  • 7.5.2. AutoNation Inc US
  • 7.5.3. Asbury Automotive Group Inc US
  • 7.5.4. Alibaba Group Holding Ltd China
  • 7.5.5. Cox Automotive Inc US
  • 7.5.6. Mahindra First Choice Wheels Ltd India
  • 7.5.7. TrueCar Inc US
  • 7.5.8. Penske Automotive Group Inc US
  • 7.5.9. Hendrick Automotive Group US
  • 7.5.10. Carvana Co US

8. Asia Pacific Used Cars Market Analysis

• 8.1. Market Analysis by Vehicle Type
  • 8.1.1. Hatchbacks
  • 8.1.2. Sedan
  • 8.1.3. SUVs
• 8.2. Market Analysis by Sales Channel Type
  • 8.2.1. Offline
  • 8.2.2. Online
• 8.3. Market Analysis by Fuel Type
  • 8.3.1. Petrol
  • 8.3.2. Diesel
  • 8.3.3. CNG
  • 8.3.4. Electric
• 8.4. Market Analysis by Distribution Channel
  • 8.4.1. Franchised Dealer
  • 8.4.2. Independent Dealer
  • 8.4.3. C2C
• 8.5. Market Analysis by Age
  • 8.5.1. 1 to 3 Years Old
  • 8.5.2. 4 to 7 Years Old
  • 8.5.3. More than 8 Years Old

9. Rest of the World Used Cars Market Analysis

• 9.1. Market Analysis by Vehicle Type
  • 9.1.1. Hatchbacks
  • 9.1.2. Sedan
  • 9.1.3. SUVs
• 9.2. Market Analysis by Sales Channel Type
  • 9.2.1. Offline
  • 9.2.2. Online
• 9.3. Market Analysis by Fuel Type
  • 9.3.1. Petrol
  • 9.3.2. Diesel
  • 9.3.3. CNG
  • 9.3.4. Electric
• 9.4. Market Analysis by Distribution Channel
  • 9.4.1. Franchised Dealer
  • 9.4.2. Independent Dealer
  • 9.4.3. C2C

10. Competitive Analysis

• 10.1. Key Industry Developments
• 10.2. Global Market Rank Analysis
• 10.3. Comparative Analysis of Major Players
• 10.4. CarMax (U.S.)
• 10.5. AutoNation Inc. (U.S.)
• 10.6. Asbury Automotive Group Inc. (U.S.)
• 10.7. Alibaba Group Holding Ltd. (China)
• 10.8. Cox Automotive Inc. (U.S.)
• 10.9. Mahindra First Choice Wheels Ltd. (India)TrueCar Inc. (U.S.)
• 10.10. Penske Automotive Group Inc. (U.S.)