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 ****** 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.

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.

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 May 2025 about vehicles, urban, new, 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.

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 ***** U.S. dollars (+**** percent). According to this forecast, in 2029, the average price will have increased for the third consecutive year to ********* 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.

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

United States Average Transaction Price: Maker: Toyota data was reported at 42,169.000 USD in Mar 2025. This records an increase from the previous number of 42,079.000 USD for Feb 2025. United States Average Transaction Price: Maker: Toyota data is updated monthly, averaging 38,877.000 USD from Jul 2020 (Median) to Mar 2025, with 57 observations. The data reached an all-time high of 42,411.000 USD in Aug 2024 and a record low of 33,608.000 USD in Sep 2020. United States Average Transaction Price: Maker: Toyota 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: 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.

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.

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: 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.

The wholesale and retail sector for cars and motor vehicles up to 3.5 tonnes has developed slightly positively over the last five years. The steady rise in net monthly household income led to increased investment in cars. However, the economic conditions deteriorated due to the coronavirus crisis, which reduced demand for cars, especially in 2020. In addition, bricks-and-mortar retailers had to remain closed at times or were only allowed to open under strict conditions. This led to a slump in sales in 2020. Subsequently, the consequences of the coronavirus pandemic and the war in Ukraine only had a slight negative impact on the car trade. In 2024 and 2025, the poor economic development in Germany and the weakening demand for electric cars had a negative impact on the German car trade. Between 2020 and 2025, industry turnover increased at an average rate of 1.3% per year. In the current year, industry turnover is expected to fall by 0.1% to 249.9 billion euros.Positive effects are expected in the current year from an increase in net monthly household income. However, price increases for new and used vehicles are likely to limit demand and contribute to the decline in sales. Demand for electric vehicles, for which consumers no longer receive a purchase premium, is likely to remain subject to great uncertainty. While the improved consumer and business climate is likely to have a positive effect on demand for cars, the expected rise in petrol prices and increased use of public transport will probably limit industry sales. As in recent years, industry players will continue to be confronted with strong price competition and increasing competition from online retail. The further development of agency models with car manufacturers is likely to change the industry. Digital property presentation and modernisation of car dealerships as well as new models of car use such as car subscriptions will take centre stage. Competent employees are also becoming increasingly important in view of declining customer numbers and an increased focus on services. IBISWorld expects industry turnover to increase at an average annual rate of 0.4% over the next five years and reach €254.7 billion in 2030.

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.

Colombia: New passenger car sales, numbers per year: The latest value from 2023 is 144633 passenger cars, a decline from 208160 passenger cars in 2022. In comparison, the world average is 1102394 passenger cars, based on data from 57 countries. Historically, the average for Colombia from 2005 to 2023 is 200652 passenger cars. The minimum value, 85282 passenger cars, was reached in 2020 while the maximum of 265100 passenger cars was recorded in 2014.

The graph displays the number of retail car sales in the United States from 1976 to 2025. The x-axis represents the years, ranging from 1976 to 2025, while the y-axis indicates the number of cars sold, spanning from 10,357,300 to 17,477,300. Throughout this period, car sales exhibit significant fluctuations, with the highest sales of 17,477,300 units occurring in 2016 and the lowest of 10,357,300 units in 1982. Overall, the data reveals an upward trend in retail car sales over the decades, despite occasional declines during certain years. The information is presented in a line graph format, effectively highlighting the annual variations and long-term growth in car sales within the United States.

Coupes and convertibles were the most expensive used car types in the United States as of February 2023, priced on average at around ****** and ****** U.S. dollars respectively. In contrast, used wagons and hatchbacks were more affordable, at an average of ****** and ****** 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.

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.

United States Average Transaction Price: Manufacturer: Ford Motor Company data was reported at 54,200.000 USD in Mar 2025. This records a decrease from the previous number of 54,563.000 USD for Feb 2025. United States Average Transaction Price: Manufacturer: Ford Motor Company data is updated monthly, averaging 54,200.000 USD from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 57,432.000 USD in Dec 2022 and a record low of 44,026.000 USD in Jan 2020. United States Average Transaction Price: Manufacturer: Ford Motor Company 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 2022, about 16 million used cars had been sold in China, a decrease of some nine percent compared to 2021. During the past twelve years, used vehicle transactions in China have increased approximately 3.5 times from 3.9 million units in 2010.

Used car market sales

There had been remarkable growth in the demand for used car in China. In 2022, the overall used car sales revenue amounted to approximately 1.06 billion yuan, which has been growing for the past years from 178 billion yuan in 2010. This six-fold increase displays the remarkable growth in demand for used vehicles in China. Over 60 percent of used vehicles traded had been passenger cars. The steady year-on-year growth of the used car market has led to its increasing share of the overall Chinese auto market. In 2020, around 14.3 million sold used cars stood against 19.7 million registered new cars in China.

Potential of used car market

The used car market in China has tremendous potential. China has been the world’s largest market for passenger cars since 2008, reaching a sales volume of approximately 23.6 million units in 2022. Average price of second handed vehicles has increased to over 60,000 yuan since 2017.