In the United States, the average selling price for a new light vehicle came to around ****** U.S. dollars in 2024. New light vehicles were about *** percent more expensive in 2024 than in 2023. What is the price of a new car in the U.S.?     New automobiles and light trucks were on around ****** U.S. dollars more expensive than used light vehicles: the average selling price for used vehicles amounted to about ****** U.S. dollars in 2024. This increasing price gap between new and used vehicles is partly linked to the industry's recovery from the semiconductor shortage, which led to higher new vehicle inventory and reduced pressure on the used vehicle market. The semiconductor shortage  The hike in prices across the board recorded in 2022 can be in part attributed to the global automotive chip shortage, which started in 2021 as demand rebounded from the COVID-19 pandemic. The average price rise could be observed across segments, with new full-size SUV/crossover vehicles averaging ****** U.S. dollars as of December 2022.

The average list price for used vehicles in the United States reached some 27,300 U.S. dollars in June 2023. This was a year-on-year decrease of around 2.8 percent of the June 2022 average, which stood at under 28,100 U.S. dollars. Used cars recorded an overall increase in prices and a decrease in more affordable stocks as a consequence of the global chip shortage which put the automotive industry at a standstill, affecting the production of new vehicles.

Coupes and convertibles were the most expensive used car types in the United States as of February 2023, priced on average at around 49,800 and 46,700 U.S. dollars respectively. In contrast, used wagons and hatchbacks were more affordable, at an average of 20,000 and 24,200 U.S. dollars. The overall used vehicle average list price had been steadily rising between mid-year 2020 and mid-year 2022, but dipped in June 2023.

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 May 2025 about used, trucks, vehicles, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

Switzerland had the highest price tags on new passenger cars sold in 2020, overtaking Norway for the first time in five years. Swiss people had to dig deeper into their pockets than any of their European neighbors, with prices roughly 15,000 euros higher than the EU-28 average. Reasons for automobiles being so costly in Switzerland are partly due to tax rates, which are set by each canton based on a set of varying criteria including but not limited to vehicle weight, powertrain, and CO2 emissions. These incentives contribute to making larger, heavier vehicles using petrol and diesel engines more expensive. The only vehicles exempt from taxes in selected cantons were electric cars. Electric vehicles are extremely popular in Norway, second in the ranking in terms of average vehicle price, in parts due to the VAT and tolls exemptions for electric vehicles in the country. Norwegian buyers are able to spend more on high-tech models.

Car tax rates in Nordic countries higher on average
Other European countries with a 25 percent tax rate on acquisition are Croatia, Denmark and Sweden, while those in Hungary even exceeded Norwegian rates by two percent. As seen in this statistic higher tax rates on passenger cars translates to higher prices overall. Sweden and Denmark both appeared in the top seven most expensive car buying countries. Hence, in terms of volume of new car registrations, Northern European countries trailed behind not only their more populous neighbors, but also other smaller countries where tax rates were lower.

Prices for passenger cars to stay stable
Prices for passenger cars were forecast to stay relatively stable in the next three years, with only slight increases expected. Luxury cars were the only group where price change was estimated to be more prominent.

The average price in the 'Luxury Cars' segment of the passenger cars market in the United States was forecast to continuously increase between 2025 and 2029 by in total 850.8 U.S. dollars (+0.94 percent). According to this forecast, in 2029, the average price will have increased for the third consecutive year to 91,654.79 U.S. dollars. Find further information concerning revenue in the United States and volume in the United Arab Emirates. The Statista Market Insights cover a broad range of additional markets.

United States Average Transaction Price: Category: Full-Size Car data was reported at 40,462.000 USD in Mar 2025. This records an increase from the previous number of 38,335.000 USD for Feb 2025. United States Average Transaction Price: Category: Full-Size Car data is updated monthly, averaging 44,227.000 USD from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 49,410.000 USD in Oct 2023 and a record low of 36,905.000 USD in Jan 2020. United States Average Transaction Price: Category: Full-Size Car data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA011: New Vehicle Average Transaction Price.

Graph and download economic data for Consumer Price Index for All Urban Consumers: New Vehicles in U.S. City Average (CUSR0000SETA01) from Jan 1953 to May 2025 about vehicles, urban, new, consumer, CPI, inflation, price index, indexes, price, and USA.

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.

Average Transaction Price: Category: Mid-Size Car data was reported at 33,491.000 USD in Mar 2025. This records an increase from the previous number of 32,894.000 USD for Feb 2025. Average Transaction Price: Category: Mid-Size Car data is updated monthly, averaging 31,787.000 USD from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 48,585.000 USD in Sep 2023 and a record low of 26,658.000 USD in Jan 2020. Average Transaction Price: Category: Mid-Size Car data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA011: New Vehicle Average Transaction Price.

United States Average Transaction Price: Category: Compact Car data was reported at 27,120.000 USD in Mar 2025. This records an increase from the previous number of 26,861.000 USD for Feb 2025. United States Average Transaction Price: Category: Compact Car data is updated monthly, averaging 26,148.000 USD from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 27,534.000 USD in Aug 2024 and a record low of 21,819.000 USD in Feb 2020. United States Average Transaction Price: Category: Compact Car data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA011: New Vehicle Average Transaction Price.

Used Car Prices YoY in the United States decreased to 4 percent in May from 4.90 percent in April of 2025. This dataset includes a chart with historical data for the United States Used Car Prices YoY.

United States Average Transaction Price: Maker: Honda data was reported at 37,537.000 USD in Mar 2025. This records an increase from the previous number of 37,092.000 USD for Feb 2025. United States Average Transaction Price: Maker: Honda data is updated monthly, averaging 36,235.000 USD from Jul 2020 (Median) to Mar 2025, with 57 observations. The data reached an all-time high of 38,200.000 USD in Jul 2022 and a record low of 28,940.000 USD in Jul 2020. United States Average Transaction Price: Maker: Honda data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA011: New Vehicle Average Transaction Price.

In August 2024, the average passenger car import price amounted to $36,639 per unit, declining by -1.9% against the previous month.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Used Cars and Trucks in U.S. City Average (CUUR0000SETA02) from Dec 1952 to May 2025 about used, trucks, vehicles, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

United States Average Transaction Price: Category: High Performance Car data was reported at 113,403.000 USD in Mar 2025. This records a decrease from the previous number of 117,107.000 USD for Feb 2025. United States Average Transaction Price: Category: High Performance Car data is updated monthly, averaging 116,186.000 USD from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 137,499.000 USD in Jul 2024 and a record low of 93,149.000 USD in Mar 2020. United States Average Transaction Price: Category: High Performance Car data remains active status in CEIC and is reported by Cox Automotive. The data is categorized under Global Database’s United States – Table US.RA011: New Vehicle Average Transaction Price.

About this dataset

Insurance rates for vehicles is a major market that is subject to a lot of variance. This simple and small dataset contains the insurance rate for all US states.

How to use

• Explore insurance rates per state, find optimal prices
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Acknowledgements

Sources

• Howmuch
• ValuePenguin

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Netherlands Used Car Market Size was valued at USD 37.74 Billion in 2024 and is projected to reach USD 50 Billion by 2032, growing at a CAGR of 3% from 2026 to 2032.

Key Market Drivers:

Environmental Regulations and Electric Vehicle Transition: The Dutch government's severe environmental rules have a substantial influence on the used automobile industry, primarily through CO2 emissions-based taxes. According to Statistics Netherlands (CBS), the number of used electric cars registered grew by 68% in 2023 compared to the previous year, with over 91,000 EVs changing ownership. This tendency is closely related to the government's goal of enabling entirely zero-emission new vehicle sales by 2030.

Rising New Car Prices: The rising cost of new automobiles has driven more Dutch buyers to consider the used car market as an economical option. According to the Dutch Authority for Consumers and Markets (ACM), new automobile costs in the Netherlands climbed by an average of 14.7% between 2020 and 2023, which is about double the rate of overall inflation. As a result.

The consumer price index (CPI) measures inflation. It estimates the average variation in the prices of products consumed by households between two given periods.This statistic shows the evolution of the consumer price index (CPI) of new and secondhand cars in France, from May 2020 to December 2024. In December 2024, the CPI reached 114.42.

UK Car Loan Market size was valued at USD 66.98 Billion in 2024 and is projected to reach USD 116.81 Billion by 2032, growing at a CAGR of 7.2% from 2026 to 2032.

Key Market Drivers

Rising Vehicle Prices: Rising vehicle prices are driving the UK Car Loan Market, as higher costs encourage more consumers to pursue financing solutions. According to the Office for National Statistics (ONS), the price of new cars in the UK has risen by 28% since 2020, above normal inflation. Furthermore, estimates from the Society of Motor Manufacturers and Traders (SMMT) show that the average new car price in 2024 will be £38,800, making upfront purchases increasingly difficult for customers. more consumers are depending on car loans, hire purchase (HP), and personal contract purchase (PCP) programs to finance their vehicles, which is supporting industry expansion.