Although used-car sales were down slightly in 2023 (35.9 million) from 2022 (36.2 million), the year ended with used-car sales surpassing the initial forecast. Looking into 2024, predictions are set for around 36.2 million overall used-car sales, which is an increase in sales from 2023, despite lingering supply challenges. 

In general, the used car industry has been experiencing a period of growth and change over the past several years. Some of the key trends that have taken place recently in the industry include shortage of inventory, rising prices, and growth of electric vehicles. Even with these obstacles, used vehicle sales have continued to thrive.

As a pop-culture talking point, Tesla sales highlight changing priorities and demographics and may serve as a predictor for future developments in specific geographic regions. Therefore, it’s not enough to know that Teslas are the leading electric vehicle in the United States. To make informed decisions, you need the most detailed sales data available. That’s where Cross-Sell comes in.