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Used Car Market in the US to Grow by USD 40.2 Billion (2025-2029), Value-for-Money Appeal Drives Growth, Report on AI-Powered Market Evolution – Technavio

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NEW YORK, Jan. 27, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global used car market in us size is estimated to grow by USD 40.2 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  4.3%  during the forecast period. Excellent value for money proposition of used cars is driving market growth, with a trend towards increased penetration of websites dedicated to selling used cars. However, stringent emission regulations to restrict sales of non-compliant used cars  poses a challenge. Key market players include Asbury Automotive Group Inc., AutoNation Inc., CarMax Inc., Carvana Co., General Motors Co., Group 1 Automotive Inc., Hendrick Automotive Group, Hertz Holdings Inc., Lithia Motors Inc., Penske Automotive Group Inc., Sonic Automotive Inc., and Vroom Inc..

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Used Car Market In US Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2022

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 4.3%

Market growth 2025-2029

USD 40.2 billion

Market structure

Fragmented

YoY growth 2022-2023 (%)

4.1

Regional analysis

US

Performing market contribution

North America at 100%

Key countries

US

Key companies profiled

Asbury Automotive Group Inc., AutoNation Inc., CarMax Inc., Carvana Co., General Motors Co., Group 1 Automotive Inc., Hendrick Automotive Group, Hertz Global Holdings Inc., Lithia Motors Inc., Penske Automotive Group Inc., Sonic Automotive Inc., and Vroom Inc.

Market Driver

The used car market in the US is witnessing significant trends shaped by dealership networks, online sales, and auto marketplaces. Affordability is a key driver as price-sensitive buyers seek personal mobility solutions. Automobile manufacturers are expanding their new vehicle business into used passenger cars through franchise dealers, both organized and unorganized. Electric, hybrid, conventional, CNG-powered, and diesel vehicles, along with SUVs, mid-sized, and compact-size models, are in demand. Digital retailing, AI applications, inventory pooling, and sustainability are shaping the industry. Vehicle certification, emissions, and environmental concerns influence consumer decisions. Off-lease vehicles, car subscription services, and depreciation impact resale value and ownership duration. Luxury vehicle manufacturers are entering the pre-owned car market. Online retailing, urbanization, and the telecom industry are driving digital transactions. Flexible financing alternatives, extended service agreements, and advanced vehicle features offer value-added services. Flexibility, global technology standardization, and tech-enabled options are essential for dealerships, rental car agencies, leasing offices, auctions, private party sales, and no-haggle prices. Certified pre-owned vehicles and extended service agreements ensure customer confidence. The automotive industry trends include advanced vehicle features like power steering, climate control, and anti-lock brakes. BS6 norms and emissions regulations impact the used car market. Unorganized businesses face challenges due to lack of transparency and trust. OEMs, SUVs, and offline dealerships are adopting digitalization for growth. Financing, warranties, and maintenance plans are essential considerations for used car buyers. 

The Internet’s expansion in the US has led to a thriving online marketplace for used cars. Numerous websites cater to this sector, enabling buyers to purchase vehicles online. These platforms provide sellers with a broader reach to potential buyers. Notably, online used car sales websites offer additional services and promotions to attract customers. Websites serve as a significant communication channel for vehicle manufacturers to share updates on vehicle technology, new car releases, awards, and other essential information. 

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Market Challenges

The used car market in the US is a significant segment of the automotive industry, with challenges ranging from dealership networks to online sales. Organized, franchised dealers face competition from unorganized, independent sellers. Affordability is a key factor for price-sensitive buyers, driving the demand for used passenger cars. Automobile manufacturers are expanding their new vehicle business with certified pre-owned vehicles and car subscription services. Online sales through auto marketplaces and digital retailing are growing, with AI applications and inventory pooling enhancing the customer experience. Sustainability is a trend, with electric, hybrid, and CNG-powered vehicles gaining popularity. Vehicle certification, resale value, and ownership duration are crucial considerations for buyers. Depreciation, flexibility, and value-added services like financing, warranties, and maintenance plans are essential for used car owners. Urbanization and the telecom industry’s growth are fueling online transactions. Luxury car manufacturers are entering the pre-owned car market. Emissions and environmental concerns are shaping regulations like BS6 norms. Flexible financing alternatives, advanced vehicle features, and tech-enabled options are driving demand. The used car market’s future lies in digitalization, transparency, and customer intelligence.The Environmental Protection Agency (EPA) in the US is implementing stricter emission norms for passenger cars and commercial vehicles due to rising air pollution concerns. These new regulations may impact the used car market, as many older vehicles will become non-compliant. In 2017, over half of Americans resided in areas with air quality levels surpassing federal standards. Reusing older cars, particularly pickup trucks, contributes significantly to vehicular emissions, which are detrimental to health due to the presence of harmful gases.

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Segment Overview 

This used car market in US report extensively covers market segmentation by  

Distribution Channel1.1 3P channel sales1.2 OEM channel salesProduct 2.1 Mid size2.2 Full size2.3 Compact sizeGeography 3.1 North America

1.1 3P channel sales-  The used car market in the US is a dynamic and competitive industry, driven by the annual introduction of new vehicle models. This trend results in a consistent influx of used cars into the market. Used cars are significantly more affordable than new ones, making them an attractive option for many consumers. As new car buyers upgrade to advanced models, they sell their previous vehicles, contributing to the used car supply. The average car ownership cycle is expected to decrease due to the increasing number of new car launches. This trend benefits used car buyers, as they can purchase vehicles that have been less used during the previous ownership cycle. Trade-in is a popular financing method for third-party channel sales in the US. It offers tax reductions and convenience for buyers, as they can complete the entire buying process at a single location. Third-party dealers are widely preferred due to their extensive product portfolio and the convenience they offer. They provide customized warranties and warranty services at any service branch in the region. Unlike OEM channels, third-party dealers offer a wider range of brands and choices to buyers. These factors will significantly influence the used car market in the US during the forecast period.

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Research Analysis

The used car market in the US is a significant sector of the automobile industry, catering to the demand for personal mobility at affordable prices. The market is served by a vast dealership network, which includes both independent and franchised dealers, as well as online sales platforms and auto marketplaces. Used passenger cars, off-lease vehicles, and certified pre-owned vehicles are popular choices for buyers seeking value and reliability. The market is influenced by various factors, such as depreciation, luxury vehicles, and resale value, which can impact ownership duration and the overall business model. Online retailing, urbanization, and the telecom industry have also disrupted traditional sales channels, leading to no haggle prices and new business models like car subscription services. Extended service agreements provide additional peace of mind for used car owners, while auctions, rental car agencies, leasing offices, and private party sales offer diverse options for buyers.

Market Research Overview

The used car market in the US is a significant sector of the automotive industry, catering to price-sensitive buyers looking for affordable personal mobility solutions. This market encompasses various channels, including dealership networks, online sales, and auto marketplaces. Used passenger cars, SUVs, mid-sized, compact, CNG-powered, diesel, hybrid, electric vehicles, and luxury cars are all part of the inventory pool. Customer intelligence plays a crucial role in this market, with trends such as digital retailing, AI applications, and inventory pooling shaping the industry. Sustainability and emissions are growing concerns, with BS6 norms and environmental regulations influencing the market. Used car owners can sell their vehicles through various channels, including online transactions, offline dealerships, rental car agencies, leasing offices, auctions, and private party sales. Flexible financing alternatives, extended service agreements, and advanced vehicle features add value to pre-owned cars. The used car market is influenced by various factors, including automobile manufacturers, franchise and organized dealers, unorganized businesses, OEMs, and urbanization. The telecom industry also plays a role, with tech-enabled options and smartphone applications transforming the buying and selling experience. High depreciation rates and flexibility are key challenges in the used car market, with value-added services, financing, warranties, and maintenance plans helping to mitigate these issues. The market is also influenced by global technology standardization, advanced automotive performance tracking, and the emergence of car subscription services.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Distribution Channel3P Channel SalesOEM Channel SalesProductMid SizeFull SizeCompact SizeGeographyNorth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Wistron Celebrates Grand Opening of First U.S. Smart Factory Marking Milestone in Global Smart Manufacturing Strategy

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FORT WORTH, Texas, July 21, 2026 /PRNewswire/ — Wistron Corporation (“Wistron”) celebrated the grand opening of its D1 AI smart facility in Fort Worth, Texas, the site where the first NVIDIA GB300 Grace Blackwell Ultra Superchip was built and mass-produced in the United States. The US$ 700 million facility, spanning approximately 324,000 square foot, was officially unveiled during a ceremony led by Wistron Chairman Simon Lin and NVIDIA Founder and CEO Jensen Huang. Jessica Rogers, Director of the Economic Development Department for the City of Fort Worth, and Alexander Tah-ray Yui, Taiwan’s Representative to the United States, were among the government officials and business leaders who attended, marking a milestone in the expansion of Wistron’s global footprint and advanced manufacturing capabilities.

This is a key hub in Wistron’s global AI infrastructure manufacturing network. The facility runs on NVIDIA accelerated computing and integrates NVIDIA’s Nemotron and Cosmos open frontier models and Omniverse and Metropolis libraries, using digital twin technology to optimize factory design, production workflows, and operational efficiency. It is Wistron’s first U.S.-based manufacturing facility, established to serve customers locally and produce NVIDIA’s most advanced and cutting-edge products. Wistron Chairman Simon Lin said “The operation here is not typical manufacturing. It is new, very comprehensive, and high-tech. Right now we produce the NVIDIA GB300 Grace Blackwell Ultra Superchip, and beyond, we are also going to produce the NVIDIA Vera Rubin Superchip here. In the next couple of years, this location will be one of the most important, as we build AI infrastructure here in the United States. I think this is the reason we say that there will be the next chapter, and we are going to empower AI from Texas.”

Responding to Customer Needs: Texas, the Newest Global Manufacturing Hub
At this pivotal moment for global AI infrastructure, Wistron is drawing on decades of global manufacturing experience to expand its footprint in Texas, a state with a well-established ecosystem for logistics, talent recruitment, and advanced manufacturing. The new D1 facility produces the NVIDIA GB300 Grace Blackwell Ultra Superchip and soon, the NVIDIA Vera Rubin Superchip — critical to powering the next generation of AI computing. The new Fort Worth facility strengthens a critical upstream layer of the AI infrastructure supply chain by expanding domestic capacity to assemble and test NVIDIA AI systems. These servers can be integrated into NVIDIA DSX infrastructure, with DSX providing the common architecture and technologies needed to deploy and operate energy-efficient AI factories at scale.

One-Stop Operational Ecosystem Strengthens U.S. AI Supply Chain Resilience
Behind every breakthrough in AI computing lies the manufacturing capability to scale it. Wistron is expanding its AI server production capabilities from Taiwan to the United States, guided by a vision of precision, efficiency, and sustainability. This reflects a broader industry shift: AI leadership is determined not only by technological breakthroughs, but also by the operational capability to transform innovation into high-volume production with consistent quality, supply chain resilience, and predictable delivery. By establishing AI infrastructure manufacturing capacity in the United States, Wistron is building a one-stop operational ecosystem spanning manufacturing and after-sales service — shortening delivery timelines and customer support cycles, strengthening supply chain resilience, and laying the foundation for long-term competitive advantage as AI infrastructure continues to scale.

Partnering with NVIDIA to Pioneer a New Model for Smart Manufacturing and Energy Optimization
As the era of physical AI begins, Wistron is extending its smart manufacturing capabilities to the United States, creating a new model for AI infrastructure production built on digital manufacturing, energy optimization, and local operations. Jensen Huang said: “The largest infrastructure buildout in history is underway. Demand for AI factories—the engine of this next industrial revolution—is incredible, and they must be produced everywhere. Together, NVIDIA and Wistron are restoring US advanced manufacturing capacity in Texas, creating skilled jobs and strengthening America’s AI supply chain.” As demand for advanced manufacturing grows in Texas, smarter planning of production loads and energy use will give the plant greater control and flexibility over its electricity needs.

Turning Global Experience into Scalable AI Infrastructure
Simon Lin stressed that the speed the AI era demands comes with its own responsibility. “In the AI era, the pressure of speed is also a form of responsibility,” Lin said. “We don’t just need to build fast; we need to build right.”

The Fort Worth plant will serve as the core engine of Wistron’s U.S. manufacturing operations, the company said, connecting its global production network with ecosystem partners as it scales advanced AI manufacturing. Wistron said that the investment reflects efforts to deepen its technical capabilities, strengthen the resilience and efficiency of global supply chains, and support the next phase of AI infrastructure development.

About Wistron:
Wistron Corporation is a leading global technology service provider delivering advanced ICT products, AI infrastructure, and manufacturing solutions to technology brands worldwide. With more than 63,000 employees across North America, Europe, and Asia, Wistron continues to expand its AI, cloud, and advanced manufacturing capabilities to support the next generation of intelligent computing. For more information about Wistron, please visit the official website at www.wistron.com. Additional information about the event is available on the event website.

Media Contact:
Joyce WL Chou
joyce_wl_chou@wistron.com

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SOURCE Wistron Corporation

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NSG Bio Accelerates Breakthrough Biotech Innovation in Singapore

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New initiative under NSG Bio Tomorrow will support promising startups developing next-generation approaches in respiratory and neonatal care

SINGAPORE, July 22, 2026 /PRNewswire/ — The NSG Bio Tomorrow initiative aims at supporting emerging life sciences startups working on complex challenges in respiratory and neonatal care.

Launched through the support of Chiesi Group, The Impulse initiative will provide a selected startup with one year of NSG Bio membership and access to a dedicated laboratory bench at NSG Bio Singapore. The initiative is designed to help early-stage biotech companies move from promising science toward stronger proof-of-concept work in a fully equipped research environment.

The initiative comes at a time when the biotech industry is increasingly looking for faster, more connected ways to move high-potential science from the lab toward real-world patient impact. For startups, access to infrastructure is only one part of the challenge. Equally important are the right networks, industry visibility, technical environment, and opportunities to engage with partners who understand the path from early discovery to clinical relevance.

The programme will focus on startups developing innovative biotechnological solutions with potential relevance to chronic respiratory diseases and neonatal conditions. Areas of interest include cell therapies, gene therapies, gene-editing technologies, regenerative tissue engineering, engineered or programmable living systems, lung-targeted delivery platforms, preventive approaches, and small-molecule-based approaches.

The selected startup will gain access to NSG Bio’s laboratory infrastructure, shared workspaces, meeting facilities, and wider community of biotech entrepreneurs, researchers, scientific leaders, and industry partners. The support is intended to help the company advance key research milestones while becoming part of Singapore’s growing life-science innovation ecosystem.

For NSG Bio, the initiative is part of NSG Bio Tomorrow, its ecosystem-building arm created to expand the company’s role beyond facilities and real estate. While NSG Bio is known for providing high-quality laboratory and office infrastructure for biotech companies, NSG Bio Tomorrow focuses on building the programmes, partnerships, and opportunities that help startups grow.

“Biotech companies need more than lab space. They need access, momentum, and the right ecosystem around them,” said Hasyim Sim, Co-Founder and Chief Operating Officer, NSG Bio. “Through NSG Bio Tomorrow, we are building initiatives that help promising startups connect with partners, unlock opportunities, and move their science forward. This initiative reflects exactly the kind of role we want to play in the biotech ecosystem.”

“Chiesi is committed to supporting innovation that can make a meaningful difference for patients, and we work with entrepreneurs, researchers and partners to advance meaningful ideas,” said Fabrizio Conicella, Vice President, Center of Open Innovation & Competence at Chiesi Group. “By supporting this NSG Bio Tomorrow initiative, we want to create an opportunity for early-stage innovators to access the infrastructure and ecosystem support needed to develop impactful science in respiratory and neonatal care.”

NSG Bio Tomorrow programme also reinforces Singapore’s position as a growing hub for biotech innovation in Asia, where startups, research institutions, investors, and industry partners are increasingly coming together to support the next generation of healthcare companies.

Applications open on 22 July 2026 at 09:00 a.m. SGT. Finalists will be invited to present at a virtual pitch event, after which the selected startup will be announced.

About NSG Bio

NSG Bio is Singapore’s leading provider of BSL-2 certified co-working laboratory and office spaces, supporting life-science companies from early research through growth. Through its facilities, community, and ecosystem initiatives, NSG Bio enables biotech innovators to accelerate research, access networks, and build companies that address critical healthcare challenges.

About NSG Bio Tomorrow

NSG Bio Tomorrow is NSG Bio’s ecosystem-building arm, created to support the next generation of biotech innovation through partnerships, programmes, community initiatives, and opportunities that extend beyond physical laboratory infrastructure. Its mission is to strengthen the biotech industry by connecting startups with the resources, expertise, and networks they need to thrive.

About Chiesi Group 

Chiesi is a research-oriented international biopharmaceutical group that develops and markets innovative therapeutic solutions in respiratory health, rare diseases, and specialty care. The company’s mission is to improve people’s quality of life and act responsibly towards both the community and the environment. As a certified B Corp since 2019, Chiesi is part of a global community of businesses that meet high standards of social and environmental impact. 

With 90 years of experience, Chiesi is headquartered in Parma (Italy), with 31 affiliates worldwide, and counts more than 7,900 employees. The Group’s research and development centre in Parma works alongside 6 other important R&D hubs in France, the US, Canada, China, the UK, and Sweden. For further information please visit https://www.chiesi.com/en/home 

Media Contact
Giridharan
Laboratory Manager
NSG Bio
giridharan@nsgbio.com
87797175

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SOURCE NSG Bio

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House Judiciary Committee Passes Bill that Would Prevent Future Immigration Crises: Swift Action Needed by Full House, Says FAIR

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WASHINGTON, July 21, 2026 /PRNewswire/ — Today, the House Judiciary Committee passed an updated version of H.R. 2, the landmark border security bill from last congressional session. The bill now awaits consideration by the full House of Representatives. The Federation for American Immigration Reform (FAIR) urges Speaker Mike Johnson to schedule a final floor vote as soon as possible.

The Secure Border Act systematically closes the loopholes that allowed the Biden administration to unleash the largest and most damaging wave of illegal immigration in American history. Enactment of this legislation would prevent future anti-borders administrations from shirking their responsibilities to secure our borders and enforce our immigration laws; asserting unlimited discretion to parole inadmissible aliens to enter the country; or releasing millions of illegal aliens into the country, rather than detaining them or returning them to the country from which they entered.

“We congratulate the Judiciary Committee for its swift action on this critical legislation,” said Dale Wilcox, executive director and general counsel of FAIR. “Ending border chaos and rampant illegal immigration was a key reason that Republicans regained control of the White House and both chambers of Congress in the last election. The clock is ticking on the 119th Congress, and Republicans only have a short time to deliver on the promises they made to voters in 2024, before the midterms.

“Right now, our immigration laws are being enforced in the interests of the American people. As the last administration demonstrated, enforcement of those laws is not guaranteed unless Congress acts to prevent similar abuse in the future. Now is the time for decisive action in the House, where this bill can be passed with a simple majority vote, and an opportunity for Senate Majority Leader John Thune to put every member of that body on record before voters go to the polls in the fall,” Wilcox concluded.

Hayley Hill, hhill@fairus.org 202-328-7004

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SOURCE Federation for American Immigration Reform (FAIR)

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