As of December 2022, full-size SUV/crossover vehicles had an average transaction price of nearly ****** U.S. dollars. This represented an average price increase of approximately *** percent for the vehicle type. Sport utility vehicles made up most of the best-selling passenger vehicle models in the United States in 2022.

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 transaction prices for new vehicles in the United States have ********* between December 2021 and December 2022. Tata Motors, which counts Jaguar Land Rover Automotive among its subsidiaries, recorded the highest average transaction price across automakers, followed by Daimler in December 2022.

The average for 2021 based on 40 countries was 107.24 index points. The highest value was in Singapore: 355.77 index points and the lowest value was in Syria: 58.27 index points. The indicator is available from 2017 to 2021. Below is a chart for all countries where data are available.

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

Niger: Vehicle prices, world average = 100: The latest value from 2021 is 133.09 index points, a decline from 142.28 index points in 2017. In comparison, the world average is 108.07 index points, based on data from 165 countries. Historically, the average for Niger from 2017 to 2021 is 137.69 index points. The minimum value, 133.09 index points, was reached in 2021 while the maximum of 142.28 index points was recorded in 2017.

United States - Consumer Price Index for All Urban Consumers: New Cars and Trucks in U.S. City Average was 112.04000 Index Dec 1997=100 in July of 2021, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: New Cars and Trucks in U.S. City Average reached a record high of 112.04000 in July of 2021 and a record low of 92.06600 in July of 2008. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: New Cars and Trucks in U.S. City Average - last updated from the United States Federal Reserve on October of 2025.

United States Average Transaction Price: Maker: Ford data was reported at 53,414.000 USD in Mar 2025. This records a decrease from the previous number of 54,087.000 USD for Feb 2025. United States Average Transaction Price: Maker: Ford data is updated monthly, averaging 54,223.000 USD from Jul 2020 (Median) to Mar 2025, with 57 observations. The data reached an all-time high of 57,027.000 USD in Dec 2022 and a record low of 44,970.000 USD in May 2021. United States Average Transaction Price: Maker: Ford 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 Cars and Trucks in U.S. City Average (CUUS0000SS4501A) from H1 1998 to H2 2021 about trucks, vehicles, urban, new, consumer, CPI, price index, indexes, price, and USA.

Romania: Vehicle prices, world average = 100: The latest value from 2021 is 108.92 index points, an increase from 89.15 index points in 2017. In comparison, the world average is 108.07 index points, based on data from 165 countries. Historically, the average for Romania from 2017 to 2021 is 99.04 index points. The minimum value, 89.15 index points, was reached in 2017 while the maximum of 108.92 index points was recorded in 2021.

Used car prices have been increasing across all vehicle age groups in Spain between 2021 and 2022, with used cars between 10 and 15 years old recording the steepest price inflation. This age group's average price was up 58.2 percent year-over-year, reaching around 7,900 euros in 2022. In contrast, cars between one and three years old reported a slower inflation, costing approximately 21,574 euros in 2022—23.3 percent more than in 2021.

As of June 2023, a used car cost on average 23,750 euros in the Portuguese market. This was a year-over-year price inflation of around 8.45 percent compared to the average recorded at mid-year in 2022, despite prices stabilizing in the fourth quarter of 2022.

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

Used car dealers in the United States had a market size of ***** billion U.S. dollars in 2021. While the industry value dipped at the onset of the COVID-19 pandemic, used car sales quickly recovered, with used car dealers' market value hiking above its pre-pandemic levels. The used car market boom The used car market has been gaining steam since 2017 when the volume of used light vehicles sold hiked by just under ** percent year-over-year to **** million sales. By 2021, around **** million used light vehicles were sold in the U.S, representing just under ** percent of the total light vehicle sales in the country. While sales increased, the average used vehicle selling price also inflated—up ** percent year-over-year in 2021—with vans, sport-utility vehicles, and crossover utility vehicles recording the steepest price increase. The semiconductor shortage, forcing halts in new vehicle production, is partly responsible for this boom in the used car market. Most used vehicle retail inventory in June 2022 was priced above ****** U.S. dollars, making the used car market increasingly inaccessible to consumers. Light trucks at the forefront of sales U.S. consumer satisfaction with their overall shopping experience dropped in 2021, with used car buyers reporting a satisfaction rate of ** percent, compared to ** percent in 2020. While 2021 satisfaction is higher than in 2019, this denotes the impact of higher prices on customers. Most consumers opted for used light trucks instead of used automobiles. The net purchase of used light trucks spiked in the third quarter of 2019, reaching ***** billion U.S. dollars in the second quarter of 2022, while auto sales had a net purchase value of ** billion U.S. dollars that same quarter. The Ford F-150, Chevrolet Silverado 1500, and Ram Pickup 1500 were the 2016 to 2020 MY models with the largest share of used car sales in the U.S. Ford was also the third best-selling manufacturer for new vehicles in the U.S.

As of February 2020, it cost on average ***** U.S. dollars to insure a Tesla Model S. The Model S, along with the Model X, was Tesla's least popular models worldwide, based on the brand's vehicle deliveries.

In the United States, used vehicles recorded a price decrease of around **** percent year-over-year as of mid-October 2022. Luxury cars were the vehicle segment reporting the sharpest drop, with prices dipping by close to **** percent. By contrast, compact car prices decreased by less than *** percent. As of June 2022, the average list price for used vehicles reached over ****** U.S. dollars.

Turkey: Vehicle prices, world average = 100: The latest value from 2021 is 167.48 index points, an increase from 112.71 index points in 2017. In comparison, the world average is 108.07 index points, based on data from 165 countries. Historically, the average for Turkey from 2017 to 2021 is 140.1 index points. The minimum value, 112.71 index points, was reached in 2017 while the maximum of 167.48 index points was recorded in 2021.

Light vehicle sales in the United States could grow by 12.3 percent between 2022 and 2023. The U.S. auto industry is expected to sell about 15.5 million vehicles in a scenario that is based on data available through October 2023. Auto demand is expected to rebound
U.S. light vehicle demand started to bounce back in 2021, but the automotive semiconductor shortage is expected to lead to production cuts and lower sales. In 2021, motorists in the U.S. bought some 15 million new automobiles and light trucks, up from around 14.5 million units in 2020. The industry experienced record sales between 2015 and 2018 when new light vehicle sales in the U.S. exceeded 17 million units. Consumer confidence matters
Light vehicle demand picked up steam in the second half of 2020 after experiencing a sharp slump between March and May. The market defied predictions according to which new motor vehicle owners would not add new vehicles soon to the cars and light trucks already in their driveways. In 2022, the average price of a new light vehicle came to roughly 46,300 U.S. dollars. Consumers are typically less willing to make such a large investment when the economy slows down. In 2022, some 79.7 percent of new-vehicle buyers use financing schemes. In 2021, the average age of vehicles on U.S. roads was 12.1 years.

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Car Fleet Leasing Market in US Report 2021-2025

The car fleet leasing market in US has the potential to grow by USD 149.17 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 1.27%.

This car fleet leasing market research in US report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (IT industry, food and beverage industry, pharmaceuticals industry, and others), and type (open-end lease and close-end lease).

What will the Car Fleet Leasing Market Size in the US be in 2021?

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Car Fleet Leasing Market in US: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growth of auto leasing market in the US is notably driving the car fleet leasing market growth in US , although factors such as market uncertainty may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the car fleet leasing industry in US get your FREE report sample now.

      The vehicle price in the US is increasing year-over-year.
      Many major car manufacturers have been increasing their selling price in recent years.
      Although the millennial population is increasing, the US still has around 48% of the middle-class population who are not in the position to afford this price hike. This forces them to opt for a leasing of vehicles.
      There is a USD 100 difference in new vehicle purchase and vehicle lease.
      Experian, one of the automotive lending companies, found that the first quarter payment for an average new vehicle loan is around USD 488, whereas the first quarter lease payment for an average vehicle is around USD 405.
      Experian also found the use of leased vehicles in the market is growing rapidly, as the number of new vehicles registered for lease has been increasing consistently.
      The above factors shows that the car leasing market in the US will grow significantly in the future because of the middle-class population, who face financial difficulties in affording a car due to the car price hike.




      The SME sector in the Americas is growing at a faster pace.
      There are more than 650,000 franchised small businesses in the US, which account for 40% of all retail sales.
      The SME sector is also in a position to take care of employee convenience services such as the big business sectors, to retain their employees.
      The only problem that SMEs face is related to access to finance.
      As they are an emerging sector, they need a significant capital to grow their core business.
      In this phase, non-core capital investments, including employee-transportation vehicles, can take away the liquidity needed for their business.
      SMEs opt for vehicle leasing. Over the past four years, a significant number of SMEs in the US market made use of vehicle leasing.
      Opting for vehicle leasing allows SMEs to finance the full purchase price of the vehicle without any collateral.
      Car fleet leasing reduces the overall fleet maintenance burden on SMEs.
      SMEs opting for vehicle leasing owing to cost advantages will drive the car fleet leasing market growth in the coming years.

This car fleet leasing market analysis in US report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Car Fleet Leasing Market in US Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

ALD SA
Arval Service Lease
Autoflex Leasing
Avis Budget Group Inc.
Corporate Fleet Services Inc.
Enterprise Holdings Inc.
Hertz Global Holdings Inc.
LeasePlan Corp. NV
Sixt SE
Wheels Inc.

The car fleet leasing market in US is fragmented and the vendors are deploying growth strategies such as technological advancement to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the car fleet leasing market forecast in US report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

What are the Revenue-generating End-user Segment

Pakistan: Vehicle prices, world average = 100: The latest value from 2021 is 78.42 index points, a decline from 84.05 index points in 2017. In comparison, the world average is 108.07 index points, based on data from 165 countries. Historically, the average for Pakistan from 2017 to 2021 is 81.24 index points. The minimum value, 78.42 index points, was reached in 2021 while the maximum of 84.05 index points was recorded in 2017.