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.

Average car price in Brazil

Abou the data

Data extracted from FIPE.

Every observation (row) corresponds to a average car price, calculated to a month of a year of reference. In other words, in a year (year_of_reference) there are 12 observations related to the same car, however avg_price_brl might differ.

The variables fuel, gear and engine_size were extracted from values of column model, as in original there is no column dedicated to those values. Since some values for model don't contain the information of engine size, this dataset doesn't contain the whole data from FIPE's original. Additionally, if 'Aut.' is not present in model, the car is assumed to be manual.

The prices are calculated by FIPE and they're here as original (in BRL).

FIPE updates the information on a monthly basis. Here, the referred month is given as month_of_reference, as the corresponding year has variable named as year_of_reference

The FIPE codes (fipe_codes) are the model identifier used in FIPE webpage.

Variables

• year_of_reference: year of reference of the observation, i.e., the year the data corresponds to.
• moth_of_reference: month of reference of the observation, i.e., the month the data corresponds to. The average price is calculated by FIPE each month.
• fipe_code: unique id corresponding to a model for easy search on FIPE webpage.
• authentication: unique code that authenticates the consult in FIPE's site.
• brand: car's make.
• model: a description of the car containing the name and other descriptive information, as provided in FIPE table.
• fuel: fuel used by the car. Some of gas cars are actually alcohol and gas (totalflex), which is common in Brazil.
• gear: the way gears are shifted.
• engine_size: Engine size measured in cubic centimeters.
• year_model: those values corresponds to the year of reference, and may not be the same of the year of manufacture, which in case will corresponds to a year before year_model. Observations with year_model = year_of_reference mean the car is brand new for that year of reference, i.e., a 2021 car with year_of_reference = 2021 and moth_of_reference = July mean that the observation (mainly the average price) corresponds to a brand new car in the year of 2021, of the month of July. The same model may have a different average price for different month.
• avg_price_brl: average car's price, as measured by FIPE, in BRL.

- (variable deleted in Version 2).

Questions

Here are some questions that may be used as starting point of analysis.

• How average prices depend on car's age?
• How the engine size contribute to the average price?
• Can FIPE's prices be used to predict car prices?
• Gather some data from real stores. Can you compute you own average? How's it different from FIPE's?
• Build a time series and make explore them accordingly to engine size and gear type.
• Scale prices with Brazil's minimum wage in order make analysis period wise.`

As of January 2023, luxury cars sold in the United States had an average transaction price of approximately ****** U.S. dollars, up from under ****** U.S. dollars a year earlier. Luxury vehicles' average price had overall increased during the recorded time period. The luxury car market revenue in the U.S. was tipped to reach some **** billion U.S. dollars in 2022, making the country the leading market for luxury cars.

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 2023, the average price of an upper medium passenger car from the E segment was close to ******* euros in the Netherlands, whereas segments A and B had average prices of ****** and ****** euros, respectively.

China Automobile Price: DM: Passenger Car (PC) data was reported at 127,000.000 RMB/Unit in Aug 2023. This records a decrease from the previous number of 127,500.000 RMB/Unit for Jul 2023. China Automobile Price: DM: Passenger Car (PC) data is updated monthly, averaging 106,652.000 RMB/Unit from Jan 2007 (Median) to Aug 2023, with 196 observations. The data reached an all-time high of 128,800.000 RMB/Unit in Mar 2023 and a record low of 102,200.000 RMB/Unit in Nov 2012. China Automobile Price: DM: Passenger Car (PC) data remains active status in CEIC and is reported by Price Monitoring Center, NDRC. The data is categorized under China Premium Database’s Price – Table CN.PB: Price Monitoring Center, NDRC: Automobile 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: 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.

As of 2022, the average price for a new car in the Netherlands amounted to roughly ****** euros. This increased by May 2023, when the price increased to just over ****** euros.

United States - Consumer Price Index for All Urban Consumers: New Cars in U.S. City Average was 173.34800 Index 1982-84=100 in January of 2025, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: New Cars in U.S. City Average reached a record high of 174.68400 in July of 2023 and a record low of 102.20000 in January of 1984. 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 in U.S. City Average - last updated from the United States Federal Reserve on December of 2025.

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 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.

Snapshot img

US Used Car Market Size 2025-2029

The US used car market size is forecast to increase by USD 40.2 billion, at a CAGR of 4.3% between 2024 and 2029.

The used car market in the US is witnessing significant growth, driven by the excellent value proposition that used cars offer to consumers. The increasing popularity of websites dedicated to selling used cars has expanded market reach and convenience, allowing consumers to browse and purchase vehicles online. Stringent emission regulations are restricting the sales of non-compliant used cars, necessitating investments in upgrading and maintaining commercial vehicle fleets to meet regulatory requirements. These regulations necessitate investments in emission testing and certification processes, increasing operational costs for dealers. To capitalize on opportunities, dealers can focus on offering certified pre-owned vehicles and implementing robust emission testing procedures.
Additionally, leveraging digital marketing strategies and offering flexible financing options can help attract and retain customers. Overall, the used car market presents both challenges and opportunities for players, requiring strategic planning and innovation to succeed.

What will be the size of the US 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.
Request Free Sample

The used car market in the US continues to evolve, with various sectors adapting to emerging trends and technologies. Vehicle data analysis plays a pivotal role in understanding vehicle depreciation curves and return on investment for dealers. Payment processing systems streamline sales transactions, while sales performance metrics and customer lifetime value inform strategic decision-making. Fraud detection systems ensure compliance with legal standards, and insurance cost factors influence acquisition channel efficiency. Inventory turnover rate, a key performance indicator, varies across dealerships. Compliance audits and dealer training programs maintain legal compliance and improve customer satisfaction. Market penetration rate and resale value prediction help dealers optimize pricing models.
Consumer protection laws and financing product offerings shape customer trust and loyalty. Operating costs analysis, customer service feedback, and sales conversion rates contribute to profit margin calculation. Risk assessment models, employee performance metrics, marketing spend efficiency, and pricing model validation are essential for long-term success. A recent study reveals a 5% increase in sales for dealerships implementing advanced data analytics. Industry growth is expected to reach 3% annually, driven by these evolving market dynamics.

How is this market segmented?

The US used car 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.

Distribution Channel

  3P channel sales
  OEM channel sales


Product

  Mid size
  Full size
  Compact size


Vendor Type

  Organized
  Unorganized


Fuel Type

  Diesel
  Petrol


Geography

  North America

    US

By Distribution Channel Insights

The 3P channel sales segment is estimated to witness significant growth during the forecast period.

The used car market in the US is an active and dynamic sector, driven by various factors. With the constant launch of new vehicle models, the supply of used cars increases, resulting in lower prices compared to new cars. This trend encourages car owners to sell their vehicles and upgrade to newer models, shortening the average ownership cycle. Online advertising platforms play a significant role in connecting buyers and sellers. Pre-purchase inspections and vehicle history reports ensure transparency and build trust. Repairs cost estimation and parts sourcing networks help in managing the expenses of used car ownership. Market segmentation strategies cater to different customer needs, while customer relationship management tools foster loyalty.

Emissions testing standards ensure the environmental sustainability of used vehicles. Auto appraisal value tools help in determining fair prices, and loan term comparison aids in financing decisions. Marketing campaign effectiveness is measured through customer acquisition cost and interest rate calculation. Mobile apps offer functionalities like mechanical inspection checklists, paint depth measurement, and damage assessment tools. Dealer inventory management, detailing services, and vehicle photography techniques enhance the sales process. Industry growth is expected to continue, with the used car market projected to expand by 3% annually. For instance, a dealership successfully increased its sales by 15% thr

South Africa Used Car Market size was valued at USD 21.68 Billion in 2024 and is projected to reach USD 45.63 Billion by 2032, growing at a CAGR of 9.75% from 2026 to 2032.

Key Market Drivers

Rising Cost of New Vehicles: The rising prices of new vehicles in South Africa are driving consumers toward the used car market as a more cost-effective alternative. According to Statistics South Africa (Stats SA), new vehicle prices increased by 6.1% year on year in 2023, greatly surpassing the overall inflation rate. According to the National Association of Automobile Manufacturers of South Africa (NAAMSA), the average new car price in South Africa exceeded R450,000 by 2023, making used cars an increasingly attractive option for budget-conscious consumers.

Growth of Online Marketplaces: The proliferation of digital platforms dedicated to used car sales has transformed the market by increasing transparency and convenience for buyers. According to data from the Automotive Industry Development Centre (AIDC), online used car transactions climbed by 37% from 2021 to 2023. According to the South African Digital Economy Assessment, roughly 65% of used car transactions now involve some type of online research or transaction, with specific automotive platforms witnessing annual user growth of more than 40%.

In 2024, the average price for a new petrol car was approximately ****** euros in the Netherlands. Plug-in hybrid cars were the second most expensive, costing ****** euros on average. Segments Across all segments, the large luxury car segment came with the highest price tag, costing nearly ******* euros on average. Mini cars can be found at the other end of the price spectrum. In 2023, their average was at ****** euros. Efforts to go green The Dutch government promotes zero-emission vehicles, mainly all-electric vehicles but also plug-in hybrid electric vehicles and vehicles with hydrogen electric fuel cells. As a result of these efforts, the share of electric passenger car sales rose to almost ***** percent in 2023.

The Germany Used Cars Market size was valued at USD 125.4 billion in 2024 and is projected to reach USD 198.6 billion by 2032, growing at a CAGR of 5.9% from 2025 to 2032.

Germany Used Cars Market Drivers

Digital Transformation of Used Car Sales: The shift towards online platforms and digital marketplaces has revolutionized used car transactions in Germany. According to the German Digital Economy Association, online used car sales platforms reported a 145% increase in transaction volume between 2021-2023, with 38% of all used car purchases now involving digital platforms in some capacity.

Price Gap Between New and Used Vehicles: The growing price disparity between new and used vehicles has driven more German consumers towards the used car market. The German Federal Motor Transport Authority (KBA) reported that the average price difference between new and 3-year-old used cars increased by 28% in 2023, with used car transactions exceeding new car sales by a ratio of 2.8:1.

Environmental Regulations and Euro 7 Standards: Stricter emission regulations and the upcoming Euro 7 standards have increased demand for recent-model used cars that meet current environmental requirements. The German Environment Agency reported that sales of used cars less than 5 years old with Euro 6d certification increased by 52% in 2023, with these vehicles commanding a 42% premium over older models.

United States Average Transaction Price: Category: Sports Car data was reported at 49,713.000 USD in Mar 2025. This records an increase from the previous number of 47,465.000 USD for Feb 2025. United States Average Transaction Price: Category: Sports Car data is updated monthly, averaging 46,171.000 USD from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 51,335.000 USD in Nov 2023 and a record low of 24,701.000 USD in Sep 2023. United States Average Transaction Price: Category: Sports 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.

The car model dataset is a comprehensive collection of information about cars. It includes information about the car's specifications, such as horsepower, torque, transmission type, drivetrain, fuel economy, number of doors, price, model year range, body type, engine type, and number of cylinders. The dataset also includes information about the car's history, such as the year it was first released, the number of units sold, and the average price.

The car model dataset is a valuable resource for anyone who is interested in cars. It can be used to learn about the different types of cars that are available, to compare the specifications of different cars, and to research the history of cars. The dataset can also be used to make informed decisions about buying or selling a car.

The car model dataset is a constantly growing dataset. As new cars are released, the dataset is updated to include information about those cars. This makes the dataset a valuable resource for anyone who wants to stay up-to-date on the latest car models.

Here are some of the benefits of using the car model dataset:

It can be used to learn about the different types of cars that are available. It can be used to compare the specifications of different cars. It can be used to research the history of cars. It can be used to make informed decisions about buying or selling a car. It is a constantly growing dataset. I hope this information is helpful. Please let me know if you have any other questions.

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.

United States Average Transaction Price: Category: Hybrid/Alternative Energy Car data was reported at 49,680.000 USD in Nov 2023. This records an increase from the previous number of 47,961.000 USD for Oct 2023. United States Average Transaction Price: Category: Hybrid/Alternative Energy Car data is updated monthly, averaging 33,177.000 USD from Jan 2020 (Median) to Nov 2023, with 47 observations. The data reached an all-time high of 49,680.000 USD in Nov 2023 and a record low of 27,990.000 USD in Apr 2020. United States Average Transaction Price: Category: Hybrid/Alternative Energy 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.