Graph and download economic data for Consumer Price Index for All Urban Consumers: Used Cars and Trucks in U.S. City Average (CUSR0000SETA02) from Jan 1953 to Sep 2025 about used, trucks, vehicles, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

This statistic shows the Consumer Price Index (CPI) for new car purchases in the United Kingdom (UK) as an annual average from 2008 to 2024, where the year 2015 equals 100. In 2024, the annual average price index value of new car purchases was measured at *****, the highest recorded over the period in consideration.

In 2024, the average selling price of used vehicles came to around ****** U.S. dollars. In 2024, new automobiles and light trucks were on average almost ****** U.S. dollars more expensive than used light vehicles. The used car boom As the price for new vehicles has been increasing, more Americans are turning towards buying second-hand cars and light trucks. Buying new cars and light trucks is typically seen as a privilege that few may do often. Generally, used vehicle sales are on the rise in most countries. Thanks to ever-improving technology, automobiles may keep running for many years and remain in good condition. This allows the average age of light vehicles in operation in the United States to increase slowly. Although new cars are often seen as status symbols, vintage cars are also very popular in the United States, the main reason for this trend being aesthetic and cultural values.

Sales of used light vehicles in the United States came to around **** million units in 2024. In the same period, approximately **** million new light trucks and automobiles were sold here. Declining availability of vehicles In the fourth quarter of 2024, about ***** million vehicles were in operation in the United States, an increase of around *** percent year-over-year. The rising demand for vehicles paired with an overall price inflation lead to a rise in new vehicle prices. In contrast, used vehicle prices slightly decreased. E-commerce: a solution for the bumpy road ahead? Financial reports have revealed how the outbreak of the coronavirus pandemic has triggered a shift in vehicle-buying behavior. With many consumer goods and services now bought online due to COVID-19, the automobile industry has also started to digitally integrate its services online to reach consumers with a preference for contactless test driving amid the global crisis. Several dealers and automobile companies had already begun to tap into online car sales before the pandemic, some of them being Carvana and Tesla.

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UK Used Car Market Size 2025-2029

The uk used car market size is forecast to increase by USD 39.5 billion, at a CAGR of 6.2% between 2024 and 2029.

The Used Car Market in the UK is driven by the excellent value for money proposition that pre-owned vehicles offer, making them an attractive alternative to new cars for many consumers. Another significant trend shaping the market is the increasing preference for car subscription services, which provide flexibility and convenience for customers. However, the market also faces challenges, including the growing importance of digital touchpoints in the car buying process and the need for dealers to adapt and improve their online presence. Additionally, the rise of car subscription services poses a threat to traditional dealership models, requiring dealers to explore new business models and revenue streams to remain competitive. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on enhancing their digital presence, offering flexible and convenient purchasing options, and exploring partnerships with car subscription services.

What will be the size of the UK Used Car Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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The used car market in the UK is influenced by various factors, including the exterior and interior condition of the vehicles, financial history, economic trends, and consumer demand. Financially sound buyers prefer cars with well-maintained exteriors and interiors, ensuring lower car ownership costs in the long run. Economic trends, such as inflation and interest rates, impact car financing options and vehicle affordability. Maintaining a vehicle's fuel consumption within acceptable limits and adhering to the vehicle maintenance schedule is crucial for reliable performance and resale value. Financial institutions consider a vehicle's title, accident history, and service records when assessing car financing options. Emerging technologies, such as electric vehicles and autonomous driving, are transforming the industry, while insurance coverage, safety ratings, and vehicle age & mileage remain essential factors in consumer decision-making. Previous owners, engine size & type, transmission options, and vehicle features & equipment also influence consumer preferences. Car repair costs, loan terms, car financing options, and industry innovations contribute to market volatility. Registration documents, vehicle history records, and insurance coverage are essential for transparency and trust. Understanding the impact of these factors on car ownership costs is crucial for businesses operating in the UK used car market.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ChannelOrganizedUnorganizedVehicle TypeCompact carSUVMid sizeSales ChannelDealershipsOnline PlatformsPrivate SalesFuel TypePetrolDieselHybridElectricGeographyEuropeUK

By Channel Insights

The organized segment is estimated to witness significant growth during the forecast period.

The used car market in the UK is characterized by various entities that influence its dynamics and trends. Depreciation and car insurance premiums are significant factors that impact the affordability of used cars. Safety features, a priority for consumers, are increasingly being incorporated into used vehicles through refinishing and upgrades. Car rental companies offer flexible mobility solutions, while automotive technology advances drive the adoption of vehicle diagnostics and digital car retailing. Used car dealerships and online marketplaces facilitate transactions with vehicle inspections, mileage verification, and consumer reviews. Sustainable transportation initiatives and online payment systems are shaping the market, as are car leasing agreements, price elasticity, and inflation rates. Fuel efficiency, car finance options, and driving assistance systems are key considerations for buyers. Government incentives and emissions standards influence consumer spending patterns, with a growing interest in alternative fuel vehicles and hybrid car technology. Fleet management services and car maintenance costs are essential services for businesses and individuals alike. Industry regulations and consumer protection laws ensure transparency and trust in the market. Used car warranty, customer satisfaction ratings, and brand reputation are crucial factors for buyers. The market share dynamics of organized companies, including dealership chains, online marketplaces, and OEM-affiliated dealerships, are shaped by their ability to provide guarantees, technical expertise, and

Smart Tire Inflation System Market Outlook

According to our latest research, the global Smart Tire Inflation System market size in 2024 stands at USD 1.73 billion, with a robust compound annual growth rate (CAGR) of 11.4% expected from 2025 to 2033. The market is projected to reach a value of USD 4.62 billion by 2033, driven by increasing demand for vehicle safety, improved fuel efficiency, and stringent government regulations on vehicular emissions and performance. This rapid expansion is attributed to the integration of advanced sensor technologies and the growing adoption of automation in the automotive industry, which are collectively propelling the smart tire inflation system market forward.

One of the primary growth factors fueling the smart tire inflation system market is the rising awareness among consumers and fleet operators regarding the significant benefits of maintaining optimal tire pressure. Proper tire inflation is directly linked to enhanced fuel efficiency, reduced tire wear, and improved vehicle handling, which collectively contribute to lower operational costs and increased road safety. Additionally, the implementation of telematics and IoT-based solutions in fleet management is further amplifying the adoption of smart tire inflation systems, as these technologies enable real-time monitoring and automatic adjustments, ensuring that tires remain at their optimal pressure. This trend is particularly pronounced in commercial vehicle fleets, where operational efficiency and safety are paramount.

Another key driver is the increasing stringency of government regulations related to vehicular emissions and safety standards. Regulatory bodies across major economies are mandating the use of tire pressure monitoring systems (TPMS) and other advanced safety technologies in both passenger and commercial vehicles. These regulations are compelling original equipment manufacturers (OEMs) to integrate smart tire inflation systems as standard or optional features in new vehicles. Furthermore, the growing focus on sustainability and reducing carbon footprints is pushing automotive manufacturers to adopt technologies that enhance fuel economy, with smart tire inflation systems playing a critical role in this endeavor. The synergy between regulatory compliance and technological advancement is expected to sustain the market's upward trajectory throughout the forecast period.

Technological advancements in sensor technology, automation, and connectivity are also pivotal in shaping the smart tire inflation system market. The integration of advanced pressure sensors, wireless communication modules, and automated control systems has made these solutions more reliable, user-friendly, and cost-effective. Innovations such as predictive maintenance, remote diagnostics, and integration with vehicle telematics platforms are enhancing the value proposition of smart tire inflation systems for both OEMs and end-users. Additionally, the proliferation of electric and autonomous vehicles is creating new opportunities for market expansion, as these vehicles require sophisticated tire management systems to ensure optimal performance and safety.

From a regional perspective, North America currently leads the smart tire inflation system market, accounting for the largest share in 2024, followed closely by Europe and Asia Pacific. The dominance of North America can be attributed to the early adoption of advanced automotive technologies, a well-established commercial vehicle fleet, and stringent regulatory frameworks. However, the Asia Pacific region is expected to witness the highest growth rate over the forecast period, driven by rapid urbanization, increasing vehicle production, and rising investments in transportation infrastructure. As the market continues to evolve, regional dynamics will play a crucial role in shaping the competitive landscape and growth opportunities for industry participants.

Product Type Analysis

The smart tire inflation system market is segmented by product type into Central Tire Inflation System (CTIS), Automatic Tire Inflation System (ATIS), and Portable Tire Inflation System. Central Tire Inflation Systems are predominantly utilized in heavy-duty commercial vehicles, off-highway vehicles, and military applications, where the ability to adjust tire pressure dynamically based on terrain and load is critical. CTIS solutions offer significant operational advantages, such as enhanced vehicle mobility,

Portable CO2 Tire Inflation System Market Outlook

As per our latest research, the global Portable CO2 Tire Inflation System market size reached USD 1.34 billion in 2024, with a robust growth trajectory supported by a CAGR of 8.1% anticipated through the forecast period. By 2033, the market is projected to attain a value of USD 2.67 billion. This dynamic growth is primarily driven by the increasing adoption of portable tire inflation technologies across diverse vehicle segments and the growing emphasis on automotive safety and convenience worldwide.

A key growth factor for the Portable CO2 Tire Inflation System market is the rising demand for on-the-go tire maintenance solutions. With urbanization and the expansion of road networks, vehicle owners are prioritizing quick and efficient tire inflation options that can be used independently of fixed service stations. Portable CO2 tire inflators offer rapid inflation, compact form factors, and ease of use, making them highly attractive for both personal and commercial vehicle owners. The increase in long-distance travel, adventure tourism, and off-road activities further boosts the need for reliable and portable tire inflation systems, supporting market expansion.

Technological advancements significantly contribute to the market's upward trajectory. Modern portable CO2 tire inflation systems are increasingly equipped with digital pressure gauges, automatic shut-off features, and compatibility with a wide range of tire types. The integration of smart technology, such as Bluetooth connectivity and mobile app controls, enhances user experience and convenience, fostering higher adoption rates. Additionally, the development of lightweight yet durable materials has improved product portability and longevity, appealing to consumers looking for long-term value and reliability.

Another critical driver is the growing focus on vehicle safety and regulatory compliance. Government regulations and industry standards emphasizing tire pressure maintenance for fuel efficiency and road safety are prompting both individual consumers and fleet operators to invest in portable tire inflation solutions. OEMs and automotive workshops are also increasingly incorporating these systems into their service offerings, recognizing their value in preventive maintenance and customer satisfaction. This regulatory landscape, combined with increased consumer awareness about the risks of under-inflated tires, is expected to sustain high market demand.

Regionally, the Asia Pacific market stands out as the fastest-growing segment, propelled by rapid motorization, increasing disposable incomes, and a burgeoning automotive aftermarket. North America and Europe continue to demonstrate strong demand due to established automotive industries, a high prevalence of recreational vehicle use, and a culture of DIY vehicle maintenance. Meanwhile, Latin America and the Middle East & Africa are witnessing gradual adoption as infrastructure develops and automotive ownership rates rise. Each region presents unique opportunities and challenges, shaping the competitive landscape and influencing strategic market entry and expansion decisions.

Product Type Analysis

The Product Type segment in the Portable CO2 Tire Inflation System market is broadly categorized into Handheld Systems, Standalone Systems, and Integrated Systems. Handheld systems dominate the market due to their compact design, portability, and ease of use, making them ideal for individual consumers and emergency roadside applications. These devices are particularly favored by motorcycle and bicycle owners, as well as adventure enthusiasts who require lightweight and reliable inflation solutions. The increasing trend of DIY vehicle maintenance and the growing popularity of outdoor activities are further fueling the demand for handheld systems. Manufacturers are continuously innovating to enhance the efficiency, battery life, and durability of these devices, ensuring they remain the preferred choice for on-the-g

The Thailand Used Car Market size was valued at USD 5.22 Billion in 2024 and is projected to reach USD 9.06 Billion by 2032, growing at a CAGR of 7.5% from 2025 to 2032.Thailand Used Car Market DynamicsThe key market dynamics that are shaping the Thailand used car market include:Key Market DriversDigital Transformation in Used Car Sales: The rapid adoption of online platforms and digital marketplaces has revolutionized Thailand's used car buying experience, making it more accessible and transparent for consumers. According to the Thailand Automotive Institute, online used car transactions increased by 156% between 2021-2023, with 42% of all used car purchases now involving digital platforms in some capacity.Economic Pressures Driving Value-Seeking Behavior: Rising inflation and economic uncertainties have shifted consumer preferences towards used vehicles as a more cost-effective alternative to new cars.

The global luxury car market size was valued at USD 483.84 Billion in 2024. The market is expected to grow at a CAGR of 4.90% during the forecast period of 2025-2034 to reach a value of USD 780.65 Billion by 2034. Luxury automakers are increasingly investing in biometrics and predictive health monitoring systems, offering advanced safety and wellness features that are redefining customer expectations in high-end vehicles.

The market is entering a transformative era, where electrification and sustainable innovation are reshaping growth patterns, boosted by the rapid adoption of premium electric vehicles. As per the luxury car market analysis, Europe reported a 148% surge in F-segment electric luxury car registrations between 2021 and 2022, reflecting a significant consumer shift toward zero-emission performance. Similar momentum is visible in Asia, where China continues to dominate luxury EV sales, supported by subsidies under the government’s New Energy Vehicle program.

North America is also steering growth, with the United States offering tax credits up to USD 7,500 for luxury electric cars under the Inflation Reduction Act, encouraging high-income buyers to make sustainable choices. India is also pacing up its share, crossing 50,000 luxury units for the first time in 2024, spurred by Mercedes-Benz’s expanding EV line-up, influencing the overall luxury car market growth.

Fractional Classic Car Investment Market Outlook

According to our latest research, the global fractional classic car investment market size reached USD 1.38 billion in 2024, reflecting a robust expansion driven by increasing investor interest in alternative assets. The market is poised to grow at a CAGR of 12.7% from 2025 to 2033, with the market size forecasted to hit USD 4.13 billion by 2033. This remarkable growth is primarily attributed to the rising popularity of fractional ownership models, the growing appeal of classic cars as a hedge against inflation, and the proliferation of digital investment platforms simplifying access for a broader range of investors.

One of the most significant growth factors for the fractional classic car investment market is the increasing democratization of high-value asset ownership. Traditionally, classic car investments were limited to ultra-high-net-worth individuals due to the substantial capital required. However, the advent of fractional ownership platforms has lowered the entry barrier, allowing individual investors to purchase shares in rare and valuable vehicles. This trend has not only broadened the investor base but also enhanced liquidity in a previously illiquid market. As more investors seek portfolio diversification and alternative investment avenues, the demand for fractional classic car investments is expected to surge in the coming years.

Another major driver is the strong performance of classic cars as an asset class. Over the past decade, classic cars have consistently outperformed many traditional investment vehicles, such as stocks and bonds, in terms of value appreciation. The unique combination of scarcity, historical significance, and emotional appeal makes classic cars attractive to both collectors and investors. Furthermore, global economic uncertainties and inflationary pressures have encouraged investors to explore tangible assets with potential for capital appreciation. The increasing number of high-profile auctions and record-breaking sales have further boosted confidence in the long-term viability of classic car investments.

Technological advancements and the rise of online investment platforms have also played a crucial role in propelling the fractional classic car investment market. Digital platforms offer seamless onboarding, transparent transaction processes, and robust due diligence, which have collectively enhanced investor trust and participation. These platforms often provide detailed analytics, historical performance data, and professional management services, making it easier for both novice and seasoned investors to make informed decisions. The integration of blockchain technology has further enhanced transparency and security, fostering a more dynamic and accessible marketplace for fractional classic car investments.

From a regional perspective, North America and Europe dominate the market, accounting for the majority of transaction volumes and investment activity. The presence of a large base of affluent investors, a well-established classic car culture, and advanced financial infrastructure have contributed to the strong growth in these regions. However, Asia Pacific is emerging as a promising market, driven by rising disposable incomes, growing interest in luxury assets, and increasing digital adoption. The market landscape is also evolving in Latin America and the Middle East & Africa, where investors are gradually embracing alternative investment models and exploring the potential of classic car ownership as a lucrative opportunity.

Investment Type Analysis

The investment type segment of the fractional classic car investment market is primarily categorized into equity-based, debt-based, and hybrid models. Equity-based investments have emerged as the dominant choice among investors, as they offer direct ownership in a share of the classic vehicle and a proportional claim on future appreciation and profits. This model appeals to investors seeking long-term capital gains and a sense of ownership in rare assets. The equity-based approach also aligns well with the emotional and financial incentives of both individual and institutional investors, who are drawn to the potential for significant value appreciation over time.

Debt-based investment models, while less prevalent, are gaining traction among risk-averse investors seeking regular inco

In 2023, demand for UK-built cars grew by 16.8 percent year-on-year to some 905,100 units. The United Kingdom exports nearly eight out of 10 cars assembled in UK plants. Vulnerability to trade disruptions Sales and exports of UK-manufactured vehicles began to fall in 2016. Slumping investments amid Brexit fears, as well as higher costs of production, are likely to have contributed to a slowdown in demand. Since the UK’s referendum on membership of the European Union, the British pound has fallen in value. This may have been expected to be good news for exporters, who garner more interest with relatively cheaper products. However, the weak pound is unfavorable for vehicle manufacturers due to their international supply chains. The European Union is the UK auto industry's leading trade partner, accounting for most of its car imports. EU markets also account for around six in 10 UK car exports. Inflation impacts new and used car sales The price inflation recorded in the United Kingdom impacted all product types, passenger cars included. New car purchases were the most affected by the soaring prices: Their consumer price index was at its highest in the past fifteen years in 2023. In contrast, the consumer price index for used car purchases decreased in 2023, down from its record-breaking 2022 value.

In 2023, the United Kingdom imported vehicles to the value of approximately 90.1 billion U.S. dollars. This category comprises vehicles other than railway or tramway rolling-stock, and parts and accessories thereof.

The statistic shows the inflation rate in India from 1987 to 2024, with projections up until 2030. The inflation rate is calculated using the price increase of a defined product basket. This product basket contains products and services, on which the average consumer spends money throughout the year. They include expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (e.g. gas, oil), as well as federal fees and taxes. In 2024, the inflation rate in India was around 4.67 percent compared to the previous year. See figures on India's economic growth for additional information. India's inflation rate and economy Inflation is generally defined as the increase of prices of goods and services over a certain period of time, as opposed to deflation, which describes a decrease of these prices. Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received. A 4 percent increase in the rate of inflation in 2011 for example would mean an individual would need to spend 4 percent more on the goods he was purchasing than he would have done in 2010. India’s inflation rate has been on the rise over the last decade. However, it has been decreasing slightly since 2010. India’s economy, however, has been doing quite well, with its GDP increasing steadily for years, and its national debt decreasing. The budget balance in relation to GDP is not looking too good, with the state deficit amounting to more than 9 percent of GDP.