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.

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.

Graph and download economic data for Consumer Price Index for All Urban Consumers: New Vehicles in U.S. City Average from Jan 1953 to May 2025 about vehicles, urban, new, consumer, CPI, inflation, price index, indexes, price, and USA.

Except for Poland and Sweden, the online business-to-consumer used car retail price index in selected European countries had decreased or remained stable at the beginning of June 2023. In most countries surveyed, this retail index had increased compared to used car prices recorded in January 2022. France and Portugal recorded the steepest price inflation, at a price index of *** and *****, respectively. In contrast, used cars in Germany and the United Kingdom were cheaper in June 2023 than in January 2022.

The UK used car market: Boosted by national supply

Most European countries imported a large share of the used cars in circulation in each country. At a share of ***** percent for imported used cars, the United Kingdom was one of the few European countries to rely heavily on its national supply of used vehicles. Nearly *** million used cars were sold in the UK in 2022, though the cost of living crisis and used car price hike have dampened the success of this national market.

Portugal: Inflation and the used car market

Even in markets more reliant on used car imports, inflation has impacted the market. Over ** percent of the light passenger vehicle market in Portugal was reliant on used vehicle imports from the European Union, but only ** percent of consumers intended to purchase a used car as of November 2022. However, while car demand has been influenced by rising prices, inflation has also contributed to the popularity of secondhand vehicles. In Portugal, ** percent of consumers preferred a used purchase over a new car due to the new car prices, a share which reached ** percent for the United Kingdom.

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.

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.

The Wholesale Price Index of motor vehicles across India during financial year 2024 was *****. An overall increase in the index value was seen over the years from financial year 2013 in the country.

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 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 cost of new cars in Austria has been continually increasing since 2016, but dropped significantly through 2023 and most of 2024. From around May 2023, prices across segments increased, with used cars being the most impacted by the price inflation.

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.

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 **** percent year-over-year, reaching around ***** euros in 2022. In contrast, cars between *** and three years old reported a slower inflation, costing approximately ****** euros in 2022—**** percent more than in 2021.

Singapore Consumer Price Index (CPI): Transport: Private: Cars data was reported at 160.033 2019=100 in Dec 2024. This records an increase from the previous number of 159.933 2019=100 for Nov 2024. Singapore Consumer Price Index (CPI): Transport: Private: Cars data is updated monthly, averaging 108.320 2019=100 from Jan 2014 (Median) to Dec 2024, with 132 observations. The data reached an all-time high of 172.069 2019=100 in Oct 2023 and a record low of 95.923 2019=100 in Jan 2019. Singapore Consumer Price Index (CPI): Transport: Private: Cars data remains active status in CEIC and is reported by Singapore Department of Statistics. The data is categorized under Global Database’s Singapore – Table SG.I006: Consumer Price Index: 2019=100.

India Consumer Price Index (CPI): Miscellaneous: Motor Car, Jeep data was reported at 121.500 2012=100 in Oct 2018. This records an increase from the previous number of 119.600 2012=100 for Sep 2018. India Consumer Price Index (CPI): Miscellaneous: Motor Car, Jeep data is updated monthly, averaging 114.650 2012=100 from Jan 2014 (Median) to Oct 2018, with 58 observations. The data reached an all-time high of 121.500 2012=100 in Oct 2018 and a record low of 107.000 2012=100 in Mar 2014. India Consumer Price Index (CPI): Miscellaneous: Motor Car, Jeep data remains active status in CEIC and is reported by Central Statistics Office. The data is categorized under India Premium Database’s Inflation – Table IN.IA017: Consumer Price Index: 2012=100: Miscellaneous.

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.

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UK Used Car Market Size 2025-2029

The uk used car market size is forecast to increase by USD 39.5 billion, at a CAGR of 6.2% between 2024 and 2029.

The Used Car Market in the UK is driven by the excellent value for money proposition that pre-owned vehicles offer, making them an attractive alternative to new cars for many consumers. Another significant trend shaping the market is the increasing preference for car subscription services, which provide flexibility and convenience for customers. However, the market also faces challenges, including the growing importance of digital touchpoints in the car buying process and the need for dealers to adapt and improve their online presence. Additionally, the rise of car subscription services poses a threat to traditional dealership models, requiring dealers to explore new business models and revenue streams to remain competitive. Companies seeking to capitalize on market opportunities and navigate challenges effectively should focus on enhancing their digital presence, offering flexible and convenient purchasing options, and exploring partnerships with car subscription services.

What will be the size of the UK 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.
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The used car market in the UK is influenced by various factors, including the exterior and interior condition of the vehicles, financial history, economic trends, and consumer demand. Financially sound buyers prefer cars with well-maintained exteriors and interiors, ensuring lower car ownership costs in the long run. Economic trends, such as inflation and interest rates, impact car financing options and vehicle affordability. Maintaining a vehicle's fuel consumption within acceptable limits and adhering to the vehicle maintenance schedule is crucial for reliable performance and resale value. Financial institutions consider a vehicle's title, accident history, and service records when assessing car financing options. Emerging technologies, such as electric vehicles and autonomous driving, are transforming the industry, while insurance coverage, safety ratings, and vehicle age & mileage remain essential factors in consumer decision-making. Previous owners, engine size & type, transmission options, and vehicle features & equipment also influence consumer preferences. Car repair costs, loan terms, car financing options, and industry innovations contribute to market volatility. Registration documents, vehicle history records, and insurance coverage are essential for transparency and trust. Understanding the impact of these factors on car ownership costs is crucial for businesses operating in the UK used car market.

How is this market segmented?

The 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. ChannelOrganizedUnorganizedVehicle TypeCompact carSUVMid sizeSales ChannelDealershipsOnline PlatformsPrivate SalesFuel TypePetrolDieselHybridElectricGeographyEuropeUK

By Channel Insights

The organized segment is estimated to witness significant growth during the forecast period.

The used car market in the UK is characterized by various entities that influence its dynamics and trends. Depreciation and car insurance premiums are significant factors that impact the affordability of used cars. Safety features, a priority for consumers, are increasingly being incorporated into used vehicles through refinishing and upgrades. Car rental companies offer flexible mobility solutions, while automotive technology advances drive the adoption of vehicle diagnostics and digital car retailing. Used car dealerships and online marketplaces facilitate transactions with vehicle inspections, mileage verification, and consumer reviews. Sustainable transportation initiatives and online payment systems are shaping the market, as are car leasing agreements, price elasticity, and inflation rates. Fuel efficiency, car finance options, and driving assistance systems are key considerations for buyers. Government incentives and emissions standards influence consumer spending patterns, with a growing interest in alternative fuel vehicles and hybrid car technology. Fleet management services and car maintenance costs are essential services for businesses and individuals alike. Industry regulations and consumer protection laws ensure transparency and trust in the market. Used car warranty, customer satisfaction ratings, and brand reputation are crucial factors for buyers. The market share dynamics of organized companies, including dealership chains, online marketplaces, and OEM-affiliated dealerships, are shaped by their ability to provide guara

Russia Used Car Market size was valued at USD 68.4 Billion in 2024 and is projected to reach USD 109.9 Billion by 2032, growing at a CAGR of 6.10% from 2026 to 2032.

Russia Used Car Market Drivers

New Car Price Inflation and Supply Chain Disruptions: New car price inflation and supply chain disruptions are driving the Russia used car market. According to the Association of European Businesses (AEB), new automobile prices rose by 35-40% between 2021 and 2023, making used cars cheaper. The Russian Automotive Dealers Association (RADA) reported a 60% decline in dealership stocks, reducing consumers' options for new vehicles. the Ministry of Industry and Trade reported that domestic manufacturing utilization declined to 52% in 2022, further limiting new car availability.

Economic Constraints and Consumer Affordability: Economic constraints and customer affordability are driving the Russia used car market. Rosstat estimated a 3.5% drop in real disposable income in 2022, restricting customers' ability to purchase new vehicles. As a result, the Central Bank of Russia reported a 24% increase in used automobile loans in 2023, compared to only 8% growth in new car loans, indicating a definite trend towards more economical second-hand options. With rising living costs and economic instability, demand for secondhand automobiles is increasing as consumers seek cost-effective mobility options.

Growth of Digital Marketplaces for Used Vehicles: The growth of digital marketplaces is driving the Russia used car market forward by improving transaction accessibility, transparency, and efficiency. The Russian Association of Internet Trade Companies (AITC) estimated an 86% increase in online used automobile sales between 2021 and 2023, indicating altering consumer preferences. Yandex. According to market data, 68% of Russian purchasers now do their searches online, speeding decision-making. The Ministry of Digital Development reported a 120% increase in electronic car ownership transfers in 2023, making transactions faster and safer, which accelerated industry growth.

Ireland - Harmonised index of consumer prices (HICP): New motor cars was 118.40 points in May of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Ireland - Harmonised index of consumer prices (HICP): New motor cars - last updated from the EUROSTAT on July of 2025. Historically, Ireland - Harmonised index of consumer prices (HICP): New motor cars reached a record high of 119.10 points in June of 2024 and a record low of 99.50 points in April of 2017.

Updated data tables containing impact analysis of the planned improvements to private rental and second-hand car measurement in consumer price statistics.

Car manufacturing is one of the core industries of the German economy. Prices for new cars fluctuated somewhat during the specified time period, but generally grew. Most recently a new car cost ****** euros on average. Global reputation Germany is home to some of the most recognized and purchased automobile brands in the world. These brands are sold internationally and have enjoyed long-standing success. Based on new car registration figures, Volkswagen had the highest market share compared to other names. Mercedes and Audi made up the top three. Volkswagen also bought other car brands in recent years, among them Porsche. The leading car models among German new car buyers were from Volkswagen. Consumers particularly favored the VW Golf, the VW T-Roc and the VW Tiguan. New car market future In 2023, the most new passenger cars registered in Germany by far were produced domestically. Other leading production countries included Japan and South Korea, and Czechia in the European Union. The industry is still recovering from the effects of halted production during the coronavirus (COVID-19) pandemic, as well as facing challenges due to the energy and supply crisis following the beginning of the Russia-Ukraine war in February 2022.