North America Used Cars Market Share

North America Used Cars Market Share

CarMax and AutoNation dominate the market with over 5% of the China used cars industry share in 2023. CarMax, Inc. maintains its competitive edge in the used cars industry through its expansive network of stores and robust online presence, offering a seamless, omnichannel buying experience.
 

The company emphasizes customer trust and transparency by providing detailed vehicle history reports, rigorous inspection processes, and a no-haggle pricing policy. CarMax's focus on customer satisfaction is further enhanced by offering various financing options and extended service plans. Its technological investments in online sales and digital tools ensure CarMax remains a leader in the used car industry.
 

AutoNation, Inc. stays competitive in the North American used cars market by leveraging its extensive dealership network and strong brand reputation. The company offers a diverse inventory of certified pre-owned vehicles, emphasizing quality and reliability through comprehensive inspection and certification processes. AutoNation's customer-centric approach includes transparent pricing, flexible financing solutions, and extended warranty options. Additionally, AutoNation has embraced digital transformation with its AutoNation Express platform, enabling customers to shop, purchase, and schedule vehicle deliveries online, catering to the growing demand for convenient, digital car-buying experiences.
 

North America Used Cars Market Companies

Major players operating in the North America used cars industry are:

• Asbury Automotive Group, Inc.
• AutoNation, Inc.
• CarMax, Inc.
• Carvana Co.
• Group 1 Automotive, Inc.
• Lithia Motors, Inc.
• Penske Automotive Group, Inc.
• Sonic Automotive, Inc.
• Vroom, Inc.