In this article, we’ll take a look at the 15 best used car websites in the United States. If you want to skip the detailed analysis, you can go directly to the following page. America’s Best Used Car Websites 5.
Overview of car ownership in the United States
Car ownership is increasing in the United States. According to the five-year American Community Survey by the U.S. Census Bureau, in 2022 approximately 91.7% of U.S. households will own at least one he car, and 21.1% will own three or more her car. Ta. Furthermore, according to a study by the Federal Highway Administration of the US Department of Transportation, vehicle registrations for commercial and personal vehicles will increase by 3.5% between 2018 and 2022, reaching approximately 279 million vehicles in 2022. has been registered. In terms of vehicle type, we found that trucks were the most common. Additionally, Ford Motor Company’s (NYSE:F) Ford F 150 became the best-selling car in the United States, with approximately 1.037 million units sold in 2023.
Looking at the number of vehicle registrations by state, Montana topped the list with approximately 2,618.25 vehicles registered per 1,000 licensed drivers, followed by Wyoming and South Dakota with 2,057.22 and 1,959.62 vehicles registered. In contrast, Delaware and the District of Columbia have the lowest number of vehicles, with 541.45 and 677.69 registered vehicles per 1,000 licensed drivers in the same year. Furthermore, according to a report by the National Automobile Dealers Association, total sales of used cars at new car dealerships decreased from 12.9 million units in 2022 to 12.7 million units in 2023. On the bright side, the average retail price of used cars also fell, recording $29,308 in 2023 compared to $30,736 the previous year.
The all-electric trend is on the rise and can be measured by the increase in sales of battery electric vehicles. According to a news report published by the National Automobile Dealers Association on December 31, 2023, sales of BEV vehicles hit 1.1 million units for the first time, accounting for approximately 7.2% of new light vehicles sold in 2023. Furthermore, sales of hybrids and plug-in hybrids also increased in 2023.
US used car market: analysis
According to a report by Mordor Intelligence, the US used car market in 2021 is valued at $195.84 billion. The market is expected to grow at a compound annual growth rate of 7.51% and reach $302.47 billion by 2027. The use of online and e-commerce platforms in buying and selling used cars is driving the market growth.
Incorporating artificial intelligence technology into online used car platforms is an upcoming trend that is expected to increase sales. Digital platforms including Vroom, Inc. (NASDAQ: VRM) and Carvana Co. (NYSE: CVNA) saw a 43% increase in revenue in 2020 due to the adoption of AI, according to a Gitnux report. Furthermore, 93% of car dealers are expected to implement AI into their online business within the next three years.
Top digital platform for used cars in the US
CarMax, Inc. (NYSE:KMX), Carvana Co. (NYSE:CVNA), and CarGurus, Inc. (NASDAQ:CARG) are leading digital platforms known for the online buying and selling of used cars in the United States. Carfax is also one of the best used car platforms in the US. If you want to learn more about Carfax and its vehicle history reports, check out his Top 10 Carfax Alternatives to Check Vehicle History.
CarMax, Inc. (NYSE:KMX) is an American retailer of used cars and related accessories. The company operates through subsidiaries and operates in its two main market segments: sales operations and auto financing. The sales division provides buyers with used cars of various makes and models, including domestic cars, luxury cars, and imported cars. CarMax, Inc. (NYSE:KMX)’s auto finance, on the other hand, provides customers with credit financing options to purchase cars. On April 11, CarMax, Inc. (NYSE:KMX) reported fourth quarter 2024 earnings. The company reported earnings of $0.32 per share and revenue of $5.63 billion for the quarter. Furthermore, the company’s total retail used car sales in the same quarter increased by 1.3% year-on-year to 172,057 units. Below are his Q4 2024 earnings call comments for CarMax, Inc. (NYSE: KMX).
“Our market share data shows that the national share of used vehicles 0 to 10 years old will increase from 22% in 2023 to 4% in 2023 as we prioritized profitability over short-term market share growth. External title data shows that our market share has declined to 3.7% in order to validate our decision. used cars in the fourth quarter, but then came under pressure during multiple periods of sharp declines as used car affordability continued to improve and vehicle price volatility stabilized. Retail gross profit per unit was $2,251, relatively in line with last year’s fourth quarter record of $2,277.”
Carvana Co. (NYSE:CVNA) is a leading e-commerce platform used to buy and sell automobiles in the United States. The platform is particularly known for its 360-degree virtual imaging technology, which allows customers to see potential cars from all angles inside out. On March 14, Carvana Co. (NYSE: CVNA) announced that it will join his eStart coalition as a founding member. The eStart Coalition is an effort to advocate for the adoption of the latest digital solutions implemented by state and local DMV operators. The coalition focuses on three key areas including allowing electronic signatures for document ownership and registration, promoting digital tools for electronic title registration and processing, and enabling electronic vehicle record transfer. It is said that
CarGurus, Inc. (NASDAQ:CARG) operates as a digital automotive platform that enables customers to buy and sell vehicles in the United States and internationally. The company also offers paid subscriptions to help dealers strengthen their customer base and access a global buyer market. On January 29, CarGurus, Inc. (NASDAQ:CARG) announced its partnership with Chase, the consumer and commercial banking business of JPMorgan Chase & Co. (NYSE:JPM), to enhance consumer financing options. announced a partnership. CarGurus, Inc. (NASDAQ:CARG) already has Capital One, Global Lending Services, and Westlake Financial among its lending partners.
Now that we’ve covered car ownership in the US, the used car market, and the major car platforms, let’s take a look at the 15 best used car websites in the US.
A car warehouse packed with newly purchased used cars.
our methodology
We looked at more than 10 sources on the Internet to create our list of the 15 Best Used Car Websites in the United States. We only selected websites that appeared in at least 50% of the sources. We then ranked these websites based on the total number of visits from Similarweb over the past 28 days. The list of 15 Best Used Car Websites in the United States is ranked in ascending order of total site visits recorded on April 26, 2024.
15 Best Used Car Websites in the United States
15. Curve Bravo
Total site visits as of April 26, 2024: 684,700
Car Bravo from General Motors Company (NYSE:GM). The platform was introduced by General Motors Company (NYSE: GM) on January 11, 2022 and ranks 15th on the list of Best Used Car Websites in the United States. This website allows users to buy used cars, find nearby dealers, sell their cars, and balance their budget with price quote analysis tools.
14. CarsDirect.com
Total site visits as of April 26, 2024: 1,700,000
CarsDirect is a division of Internet Brands Inc. (NASDAQ:INET) and is ranked as the 14th best used car website in the United States. Internet Brands Inc. (NASDAQ: INET)’s CarsDirect is an American digital automotive platform that allows users to research, buy, sell, insure and finance vehicles online. The company is based in California.
13. AutoNation, Inc. (NYSE:AN)
Total site visits as of April 26, 2024: 2,500,000
AutoNation, Inc. (NYSE:AN) is an American automobile company that operates the website AutoNation. This platform ranks as his 13th best used car website in the United States. AutoNation, Inc. (NYSE:AN) sells domestic cars, imported cars, and luxury new and used cars. In addition, the company also engages in vehicle maintenance, spare parts wholesale, and collision services. AutoNation, Inc. (NYSE:AN) has been visited by over 2.5 million people in the past 28 days.
12. Auto Tempest
Total site visits as of April 26, 2024: 3,100,000
AutoTempest ranks #12 on our list of the 15 Best Used Car Websites in the United States. The platform aggregates a list of dealers and private sellers and offers customers a variety of budget options when choosing a used car.
11. Autolist
Total site visits as of April 26, 2024: 3,400,000
Autolist was acquired by CarGurus, Inc. (NASDAQ:CARG) in 2020. This website allows customers to buy and sell used cars. We offer a comprehensive list categorized based on vehicle type, budget, and performance. This website also provides research and reports related to the automotive industry.
10. Hemmings
Total site visits as of April 26, 2024: 3,500,000
Hemmings ranks #10 on our list of America’s Best Used Car Websites. An online car marketplace for buying and selling used cars. This platform is famous for its exotic and classic vehicle auctions and car magazines.
9. Cars and Bidding
Total site visits as of April 26, 2024: 6,700,000
Cars & Bids is also the best used car website in the US. This website is known for its daily selection of luxury cars such as BMW, Mercedes-Benz, and Porsche. The platform ranks 9th on the list, with 6.7 million visits in the past 28 days.
8. TrueCar, Inc. (NASDAQ:TRUE)
Total site visits as of April 26, 2024: 11,500,000
TrueCar, Inc. (NASDAQ:TRUE) operates a data-driven online automotive platform. TrueCar, Inc. (NASDAQ:TRUE) offers new, used, and certified pre-owned vehicle listings. The company also provides insurance and auto loan services. TrueCar, Inc. (NASDAQ:TRUE) is ranked the 8th best used car website in the United States.
7. Carvana Inc. (NYSE:CVNA)
Total site visits as of April 26, 2024: 18,900,000
Carvana Co. (NYSE:CVNA) ranks No. 7 on our list of America’s Best Used Car Websites. The platform is known for its 360-degree virtual car experience technology, which allows users to see the car from all angles before making a purchase decision.
6. Edmunds
Total site visits as of April 26, 2024: 22,400,000
Edmunds is another American online car retailer that sells used and new cars. The platform provides expert opinions on various car models as well as reviews based on tests at the company’s private facilities.
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Disclosure: None. 15 Best Used Car Websites in the United States Originally published on Insider Monkey.
