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.

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 list price for used vehicles in the United States reached some ****** U.S. dollars in June 2023. This was a year-on-year decrease of around *** percent of the June 2022 average, which stood at under ****** 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.

Graph and download economic data for Consumer Price Index for All Urban Consumers: New Vehicles in U.S. City Average (CUUR0000SETA01) from Mar 1947 to Sep 2025 about vehicles, urban, new, consumer, CPI, inflation, price index, indexes, price, and USA.

Summary of the Dataset

This dataset contains 100,000 entries representing new car prices across various brands and models. Below is a detailed summary:

Columns Overview

1. Brand: Car manufacturer (e.g., Toyota, Tesla, Ford)
2. Model: Specific model name (e.g., Camry, Model 3, F-150)
3. Year: Model year, ranging from 2020 to 2024
4. Fuel Type: One of Petrol, Diesel, Electric, Hybrid
5. Car Type: Different categories like Sedan, SUV, Hatchback, Coupe, Truck, Electric
6. Price (USD): New car price in USD (based on the brand and type)

Statistical Summary

Let’s analyze the key statistics and distribution in the dataset.

1. Brand Distribution:

   • 16 car brands represented, including Toyota, BMW, Tesla, Ford, and Mercedes-Benz.

2. Price Summary (in USD):

   • Min Price: (20,000)
   • Max Price: (120,000)
   • Average Price: ~Varies depending on brand and car type (mid-range cars around 30-40k, luxury ~70-100k).

3. Year Distribution:

   • Roughly even distribution across 2020 to 2024.

4. Fuel Type Distribution:

   • Balanced among Petrol, Diesel, Electric, and Hybrid.

License for Usage

This dataset is synthetically generated for educational, analytical, and personal use. The dataset is shared under the MIT license.

United States Average Transaction Price: Category: Luxury Car data was reported at 58,248.000 USD in Mar 2025. This records an increase from the previous number of 55,620.000 USD for Feb 2025. United States Average Transaction Price: Category: Luxury Car data is updated monthly, averaging 63,749.000 USD from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 78,618.000 USD in Nov 2022 and a record low of 46,353.000 USD in Oct 2023. United States Average Transaction Price: Category: Luxury 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: 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.

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 Sep 2025 about vehicles, urban, new, consumer, CPI, inflation, price index, indexes, price, and USA.

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.

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 June 2025. In June 2025, the CPI reached 115.46.

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.

United States Average Transaction Price: Category: Full-Size Pickup Truck data was reported at 63,623.000 USD in Mar 2025. This records an increase from the previous number of 63,586.000 USD for Feb 2025. United States Average Transaction Price: Category: Full-Size Pickup Truck data is updated monthly, averaging 63,497.000 USD from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 66,750.000 USD in Sep 2023 and a record low of 50,038.000 USD in Jan 2020. United States Average Transaction Price: Category: Full-Size Pickup Truck 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.

The U.S. auto industry sold nearly ************* cars in 2024. That year, total car and light truck sales were approximately ************ in the United States. U.S. vehicle sales peaked in 2016 at roughly ************ units. Pandemic impact The COVID-19 pandemic deeply impacted the U.S. automotive market, accelerating the global automotive semiconductor shortage and leading to a drop in demand during the first months of 2020. However, as demand rebounded, new vehicle supply could not keep up with the market. U.S. inventory-to-sales ratio dropped to its lowest point in February 2022, as Russia's war on Ukraine lead to gasoline price hikes. During that same period, inflation also impacted new and used car prices, pricing many U.S. consumers out of a market with increasingly lower car stocks. Focus on fuel economy The U.S. auto industry had one of its worst years in 1982 when customers were beginning to feel the effects of the 1973 oil crisis and the energy crisis of 1979. Since light trucks would often be considered less fuel-efficient, cars accounted for about ** percent of light vehicle sales back then. Thanks to improved fuel economy for light trucks and cheaper gas prices, this picture had completely changed in 2020. That year, prices for Brent oil dropped to just over ** U.S. dollars per barrel. The decline occurred in tandem with lower gasoline prices, which came to about **** U.S. dollars per gallon in 2020 - and cars only accounted for less than one-fourth of light vehicle sales that year. Four years on, prices are dropping again, after being the highest on record since 1990 in 2022.

United States Average Transaction Price: Category: Subcompact Car data was reported at 23,359.000 USD in Mar 2025. This records an increase from the previous number of 22,316.000 USD for Feb 2025. United States Average Transaction Price: Category: Subcompact Car data is updated monthly, averaging 22,410.000 USD from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 29,763.000 USD in Sep 2023 and a record low of 17,709.000 USD in Mar 2020. United States Average Transaction Price: Category: Subcompact 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.

Context

Cars Dataset from the year 2020 to 2023 taken from AI engine (used BardAI for collecting information). This dataset contain various feature about the latest cars present in the market worldwide.

Content

The dataset consist of 7 features:

1. Model :- Model name of the car of the particular brand
2. Type :- Fuel type whether it is petrol, diesel or electric car
3. Speed :- Top speed of the car
4. Mileage :- The distance that a car has traveled measured in miles.
5. Price :- Price of a car (Average)
6. Brand :- Car brand name (Manufacture)

View monthly updates and historical trends for US Consumer Price Index: Used Cars and Trucks. Source: Bureau of Labor Statistics. Track economic data with…

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.

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.

United States 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. United States 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. United States 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.