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.

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.

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.

This statistic shows the Consumer Price Index (CPI) for new car purchases in the United Kingdom (UK) as an annual average from 2008 to 2023, where the year 2015 equals 100. In 2023, the annual average price index value of new car purchases was measured at *****, the highest recorded over the period in consideration.

Used Car Prices YoY in the United States increased to 6.30 percent in June from 4 percent in May of 2025. This dataset includes a chart with historical data for the United States Used Car Prices YoY.

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.

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.

Sales of used light vehicles in the United States came to around **** million units in 2024. In the same period, approximately **** million new light trucks and automobiles were sold here. Declining availability of vehicles In the fourth quarter of 2024, about ***** million vehicles were in operation in the United States, an increase of around *** percent year-over-year. The rising demand for vehicles paired with an overall price inflation lead to a rise in new vehicle prices. In contrast, used vehicle prices slightly decreased. E-commerce: a solution for the bumpy road ahead? Financial reports have revealed how the outbreak of the coronavirus pandemic has triggered a shift in vehicle-buying behavior. With many consumer goods and services now bought online due to COVID-19, the automobile industry has also started to digitally integrate its services online to reach consumers with a preference for contactless test driving amid the global crisis. Several dealers and automobile companies had already begun to tap into online car sales before the pandemic, some of them being Carvana and Tesla.

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.

Brazil IPCA: Weights: Transport: Transport: Own Vehicle: New Car data was reported at 3.067 % in Mar 2025. This records a decrease from the previous number of 3.085 % for Feb 2025. Brazil IPCA: Weights: Transport: Transport: Own Vehicle: New Car data is updated monthly, averaging 3.078 % from Jan 2020 (Median) to Mar 2025, with 63 observations. The data reached an all-time high of 3.204 % in Oct 2022 and a record low of 2.948 % in Jan 2021. Brazil IPCA: Weights: Transport: Transport: Own Vehicle: New Car data remains active status in CEIC and is reported by Brazilian Institute of Geography and Statistics. The data is categorized under Global Database’s Brazil – Table BR.IB020: Consumer Price Index: Broad Category - IPCA: POF 2017-2018: Dec1993=100: Weights.

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.

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.

Monthly indexes and percentage changes for selected sub-groups of the transportation component of the Consumer Price Index (CPI), not seasonally adjusted, for Canada, provinces, Whitehorse and Yellowknife. Data are presented for the corresponding month of the previous year, the previous month and the current month. The base year for the index is 2002=100.

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.

Graph and download economic data for Producer Price Index by Industry: Automotive Parts, Accessories and Tire Retailers (PCU44134413) from Dec 2001 to May 2025 about parts, vehicles, PPI, industry, inflation, price index, indexes, price, and USA.

Graph and download economic data for Producer Price Index by Industry: Tire Manufacturing, Except Retreading: Passenger Car Pneumatic Tires (Casings) (PCU32621132621101) from Jan 1974 to May 2025 about parts, vehicles, manufacturing, PPI, industry, inflation, price index, indexes, price, and USA.

The global automotive automatic tire inflation system market is anticipated to grow from USD 0.78 billion in 2025 to USD 1.73 billion by 2033, at a CAGR of 9.9% during the forecast period. The market growth is attributed to increasing demand for safer and more efficient vehicles, stringent government regulations on tire maintenance, and technological advancements in tire inflation systems. The market is segmented by type, vehicle, component, sales channel, and region. In terms of type, the market is divided into central tire inflation system (CTIS) and continuous tire inflation system (CTIS). CTIS is expected to witness significant growth due to its ability to automatically adjust tire pressure based on load and terrain conditions, improving vehicle stability, fuel efficiency, and tire life. By vehicle type, the market is classified into on-highway, off-highway, light duty, heavy duty, agriculture tractors, and construction equipment. On-highway vehicles are projected to hold the largest market share, driven by increasing regulations on commercial vehicle safety and the growing adoption of tire pressure monitoring systems. The global automotive automatic tire inflation system market is projected to reach USD 2.5 billion by 2027, exhibiting a CAGR of 5.4% during 2020-2027. The growing awareness of tire pressure monitoring systems and the increasing emphasis on vehicle fuel efficiency and safety are the key factors driving the market growth.

At around 948,000 unit sales, light trucks remained the largest U.S. auto market segment in September 2024, down from around 1.2 unit sales in October 2024 and decreasing by approximately 11.2 percent year-on-year. Global chip shortage affects supply The second quarter of 2020 saw a significant drop in automotive sales volume compared to the year before. Most of the disruption was seen in May, before restrictions to curtail the coronavirus pandemic were lifted. Sales showed signs of recovery in the following months, before dropping again in 2021. The industry's inventory-to-sales ratio nosedived in May 2020, and has not fully recovered since. Supply issues were not felt as strongly across the automotive sector, while car demand was low due to national lockdowns brought on by the pandemic. However, as consumers' purchasing intentions picked up, vehicle stocks could not meet the new demand due to chip shortages, which led to production halts and cuts. U.S. vehicle sales gain momentum thanks to light truck sales As the year 2020 came to an end, motor vehicle sales in the United States finished on a high note. Following the Covid-19 disruption, the U.S. auto sector began to recover in the third quarter. However, the semiconductor shortage and global inflation further impacted sales in 2021 and 2022. In contrast, 2023 was an encouraging year. U.S. motor vehicle sales grew to over 15.5 million that year, which was the highest it had been since the onset of the pandemic. This jump in sales was partly due to light truck retail sales, which exceeded their pre-pandemic level in 2023.

In 2022, around **** million motor vehicles were sold in the United Kingdom, down from its peak at around *** million units in 2016. This figure represents a decrease of *** percent year-on-year. Sales recovery does not match 2019 levels In 2022, the UK overtook France as the second-largest car market in Europe, a position it had lost since 2019. New passenger car registrations had grown in the country in 2023, up to the highest volume recorded since their dramatic drop in 2020. However, amid Brexit, the automotive semiconductor shortage, raw material price inflation, and an overall cost of living crisis, the UK's automotive industry has faced various challenges and has yet to reach its pre-COVID-19 pandemic level. The impact of inflation on car purchases The United Kingdom recorded its highest inflation rate since the 1990s in 2022, a situation which marginally improved in 2023. New cars were particularly impacted by the inflation, with their consumer price index being at its highest in the past 15 years in 2023. Despite the inflating prices, car purchasing intentions remained relatively stable based on surveys ending in September 2023 and September 2024, with around **** of UK residents reporting their intention of buying a car in the 12 months following the survey. This is, however, a positive development compared to purchase intentions reported in that same survey ending in September 2022.

Car loan interest rates in the United States decreased since mid-2024. Thus, the period of rapidly rising interest rates, when they increased from 3.85 percent in December 2021 to 7.91 percent in February 2024, has come to an end. The Federal Reserve interest rate is one of the main causes of the interest rates of loans rising or falling. If inflation stays under control, the Federal Reserve will start cutting the interest rates, which would have the effect of the cost of car loans falling too. How many cars have financing in the United States? Car financing exists because not everyone who wants or needs a car can purchase it outright. A financial institution will then lend the money to the customer for purchasing the car, which must then be repaid with interest. Most new vehicles in the United States in 2024 were purchased using car loans. It is not as common to use car loans for purchasing used vehicles as for new ones, although over a third of used vehicles were purchased using loans. The car industry in the United States The car financing business is huge in the United States, due to the high sales of both new and used vehicles in the country. A lot of the United States is very car-centric, which means that, outside large cities, it can often be difficult to do their daily commutes through other transportation methods. In fact, only a small percentage of U.S. workers used public transport to go to work. That is one of the factors that has helped establish the importance of the automotive sector in North America. Nevertheless, there are still countries in Asia-Pacific, Africa, the Middle East, and Europe with higher car-ownership rates than the United States.