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.

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.

Used Car Prices YoY in the United States increased to 2 percent in September from 1.70 percent in August of 2025. This dataset includes a chart with historical data for the United States Used Car Prices YoY.

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.

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.

Used Car Prices MoM in the United States decreased to -0.20 percent in September from 0 percent in August of 2025. This dataset includes a chart with historical data for the United States Used Car Prices MoM.

View monthly updates and historical trends for US Consumer Price Index: Used Cars and Trucks. Source: Bureau of Labor Statistics. Track economic data with…

In France, used cars have been consistently more popular than new cars over the past decades, reaching a record *********** sales in 2021, before dropping to *** million in 2023. In contrast, new automobile sales have faced consistent fluctuation over the years as well as a slower recovery from the COVID-19 pandemic, as their 2023 sales remained below the 2019 sales volume. The state of the French used car market Private passenger cars were by far the best-selling type of used vehicles in France as of January 1st, 2023, recording over ***** times the used van and truck sales volume that year. Most used cars sold in France had a diesel internal combustion engine (ICE), and ICE vehicles remained overall the most popular, partly due to the emerging nature of the used electric vehicle market. However, cars fitting stricter European emission standards have been entering the market. Used cars on the French market tended to be older, as around **** million used vehicles over 15 years old were sold in 2023, followed by vehicles between two and five years old. The overall average used car age in metropolitan France has been steadily increasing since 2019. Global used vehicle price inflation While the age of used vehicles in France remained high, the yearly Consumer Price Index (CPI) also increased, up to ****** in 2023. Monthly prices were more volatile, reaching a Consumer Price Index of ****** in November 2024. This increase in used vehicle prices is tightly linked with the overall inflation recorded across the world. Used car prices in other markets have also been growing during 2022. In the United States, the used car and truck CPI spiked by *** percent in May 2022 and the U.S. used vehicle average selling price was the highest on record since 2016 in 2022. The United Kingdom faced similar challenges, with its annual second hand car CPI jumping to ***** in 2022, the second-highest it had been since 2008.

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.

The average for 2021 based on 165 countries was 108.07 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.

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.

The used car market is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) of 10% from 2025 to 2033. While the exact 2025 market size ("XX Million") is unavailable, considering a typical market size for established industries and the provided CAGR, a reasonable estimate would place the 2025 market value between $500 and $700 billion USD globally. This significant expansion is fueled by several key drivers. Firstly, the increasing affordability of used vehicles compared to new cars is making them an attractive option for a wider range of consumers, particularly in the face of economic uncertainty or inflation. Secondly, the growing awareness of environmental sustainability is encouraging individuals to opt for longer vehicle lifespans and the readily available used car market. Lastly, technological advancements in vehicle condition assessment and online marketplaces are simplifying the buying process and increasing transparency, boosting consumer confidence. However, the market faces certain challenges. Supply chain disruptions, fluctuating fuel prices, and the increasing cost of repairs can impact affordability and consumer demand. Government regulations regarding emissions and vehicle safety standards also present ongoing considerations for the industry. Nevertheless, the market's inherent resilience, coupled with the consistent demand for cost-effective transportation, points towards sustained growth throughout the forecast period. The segmentation within the market, encompassing various vehicle types, price ranges, and sales channels, offers significant opportunities for specialized players to carve out profitable niches. Key players such as Hertz, AutoNation, and CarMax are well-positioned to capitalize on these trends, leveraging their established brands and extensive networks. The geographical distribution of growth will vary, with regions experiencing faster economic growth or greater demand for affordable transportation likely to witness higher market penetration. Key drivers for this market are: Increasing Demand For Electric School Buses. Potential restraints include: Uncertainty of The Global Pandemic. Notable trends are: Strengthening of Online Infrastructure Positively Affecting the Used Cars Market.

The used passenger car market is a dynamic sector experiencing significant growth, driven by factors such as increasing affordability compared to new vehicles, evolving consumer preferences towards pre-owned options, and the growing popularity of online car marketplaces. The market is segmented by vehicle type (petrol, diesel, hybrid, electric), sales channel (organized dealerships, unorganized private sales, consumer-to-consumer), and geographic region. While precise market sizing data is unavailable, considering a global market with a large and established new car market, a reasonable estimation for the 2025 market size could be placed in the range of $1.5 trillion to $2 trillion USD. This estimation considers factors like the number of used cars sold annually and average used car prices. A Compound Annual Growth Rate (CAGR) of approximately 5-7% appears reasonable given ongoing economic growth and increasing demand for used vehicles in developing economies. This market exhibits considerable regional variations. North America and Europe represent established markets with mature infrastructure and a large number of used car dealerships and online platforms. Asia-Pacific, particularly India and China, are experiencing rapid growth due to increasing car ownership and rising middle-class populations. Factors such as stringent emission regulations, the rising cost of new vehicle ownership, and a growing preference for eco-friendly vehicles like hybrids and electrics are shaping market trends. However, challenges exist, including fluctuating used car prices, concerns about vehicle history and maintenance, and the need for robust consumer protection policies in emerging markets. Leading players in the used car market employ diverse business models, ranging from large dealership chains (AutoNation, CarMax) to online marketplaces (Auto Trader) and specialized used car retailers catering to specific segments. The market’s future trajectory will depend on economic conditions, technological advancements, and evolving consumer behavior, particularly the increasing adoption of electric vehicles.

Middle East And Africa Used Car Market size was valued at USD 30.00 Billion in 2024 and is projected to reach USD 50.00 Billion by 2032, growing at a CAGR of 6.56% from 2026 to 2032.

Key Market Drivers:

Economic Growth and Rising Disposable Income: The Middle East and Africa region is experiencing strong economic growth, which has resulted in higher disposable income for consumers. This economic expansion allows more people to afford used cars, fueling market growth. For example, the Middle East And Africa used car market was valued at USD 18.20 Billion in 2021 and is predicted to grow to USD 32.20 Billion by 2027, representing a CAGR of more than 10.82% during the forecast period (2022-2027).

High Cost of New Vehicles: The high cost of new vehicles in the region makes secondhand cars an appealing option for budget-conscious shoppers. Because secondhand automobiles are less expensive, a greater segment of the population can now afford personal transportation, growing the market.

Used car prices in Germany have increased significantly since 2018, though 2023 saw a drop across some sales channel categories. Free trade vehicles recorded a decrease, with figures falling to around ****** euros in 2023. Prices of used cars sold through brand trading have always been historically higher. New and old Germany is a leader on the global car market, with car brands and production quality of long- standing. Volkswagen, Mercedes, and BMV are among the first of many names that come to mind. Consumers may therefore be motivated to buy new cars by various means of financing, considering it a good investment for the future. Of course, new car prices differ significantly compared to used vehicles, with a new car costing an average of around ****** euros in 2023. Prices had grown in recent years, both due to the far-reaching effects of COVID-19 restrictions on industrial production and the energy crisis following the beginning of the Russia-Ukraine war. Drivers looking to buy a car are faced with familiar cost-related decisions regarding whether they buy new or second-hand, but higher fuel prices across the board are an issue facing all vehicle owners. A market with a future The German used car market is expected to grow in the coming years, with around ***** billion U.S. dollars predicted for 2025. Besides potentially contributing to sustainability and environmental protection goals, selling used cars is a business going beyond Germany’s borders. For example, Poland was Germany’s leading second-hand vehicle market by far when compared to other European countries, with around ***** cars imported in 2023.

Used Car Financing Market Outlook

As per our latest research, the global used car financing market size reached USD 245.6 billion in 2024, reflecting a robust expansion driven by rising demand for affordable personal mobility solutions and the growing acceptance of pre-owned vehicles. The market is expected to grow at a CAGR of 8.2% from 2025 to 2033, with the total market value forecasted to reach USD 478.9 billion by 2033. This growth trajectory is largely attributed to technological advancements in digital lending platforms, changing consumer preferences, and the increased availability of flexible financing options tailored to diverse customer segments.

One of the primary growth factors propelling the used car financing market is the significant shift in consumer perception towards pre-owned vehicles. With the average price of new cars rising considerably over the past decade, many consumers, especially in emerging economies, are opting for used vehicles as a cost-effective alternative. This trend is further supported by the improved quality and reliability of pre-owned cars, often certified by dealers and OEMs, which instills greater confidence among buyers. Additionally, the proliferation of organized players in the used car market has brought transparency and trust to transactions, making financing options more accessible and appealing to a broader demographic.

The digital transformation of the automotive financing sector is another major catalyst for market expansion. The integration of artificial intelligence, big data analytics, and seamless online platforms has revolutionized the loan approval and disbursal process, reducing turnaround times and enhancing the customer experience. Fintech firms, in collaboration with traditional financial institutions, are leveraging these technologies to offer personalized loan products with competitive interest rates and flexible repayment terms. This shift towards digitalization not only streamlines operations but also widens the reach of financing services, enabling penetration into previously underserved rural and semi-urban markets.

Regulatory support and favorable government policies have also played a crucial role in fostering the growth of the used car financing market. Many countries have introduced initiatives aimed at formalizing the used car sector, standardizing documentation, and encouraging lending to non-prime borrowers. Furthermore, the entry of non-banking financial companies (NBFCs), credit unions, and original equipment manufacturers (OEMs) into the financing landscape has intensified competition, resulting in more innovative loan products and customer-centric services. These developments have collectively contributed to the sustained momentum observed in the global used car financing market.

Regionally, Asia Pacific leads the global market, driven by rapid urbanization, a burgeoning middle class, and increasing internet penetration. North America and Europe also represent substantial market shares, owing to mature financial infrastructures and high rates of vehicle ownership turnover. Latin America and the Middle East & Africa are emerging as promising markets, supported by rising disposable incomes and evolving consumer attitudes towards pre-owned vehicles. The regional dynamics are further shaped by local regulatory environments, economic conditions, and the presence of key market players, all of which influence the adoption and growth of used car financing solutions.

The integration of Automotive Finance And Insurance Solution has further enhanced the appeal of used car financing. These solutions offer a comprehensive package that includes financing, insurance, and additional services such as maintenance and roadside assistance, providing a one-stop-shop for consumers. By bundling these services, lenders can offer more competitive rates and streamline the purchasing process, making it more convenient for buyers. This holistic approach not only improves customer satisfaction but also encourages repeat business, as consumers appreciate the simplicity and value of having all their automotive needs met through a single provider.

The India Used Car Market Report is Segmented by Vehicle Type (Micro/Hatchback, SUV, and More), Vendor Type (OEM-Certified Franchise, and More), Fuel Type (Petrol, Battery-Electric, and More), Vehicle Age (Less Than 3 Years, and More), Ownership Count (First-Owner, and More), Transmission (Manual and Automatic), Price Band, and Region. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

New car dealers in the US have seen dramatic shifts in recent months, shaped by global supply chain woes, shifting consumer preferences and a rush to beat impending tariffs. March 2025 stood out as a particularly robust period, with new car sales hitting their highest monthly pace in nearly four years. However, this surge is likely to prove short-lived, with much of it attributed to customers moving up planned purchases. Revenue has climbed at a CAGR of 2.7% to an estimated $1.3 trillion through 2025, including a 0.1% dip in 2025. Over the past few years, the new car dealers have wrestled with both opportunities and headwinds. A persistent semiconductor shortage, triggered by global events and rising demand from other tech sectors, has plagued automakers and kept dealer inventories tight. As a result, car prices have crept upward, even as total units sold contracted, boosting profit. As dealerships leaned into higher per-unit revenue to offset lower volumes, many consumers have instead sought value in the used vehicle market. Meanwhile, digital transformation accelerated as nearly three-quarters of dealer ad budgets shifted to online channels, reflecting the rise of savvy, web-based shoppers, but also introducing new risks. New tariffs on imported vehicles and parts—25.0% base rate on most automobile and automobile part imports, with even higher rates for products from China, Canada and Mexico—are expected to ratchet up costs for dealers and consumers. Climbing interest rates will further constrain affordability, with higher monthly payments pricing out lower-income buyers and pushing others towards used or lower-cost models. Although electric and hybrid vehicles present opportunities, especially as government incentives ramp up and more used EVs qualify for tax credits, tepid consumer enthusiasm and rapid depreciation levels could keep buyers on the sidelines. Dealers must double down on transparency, invest in cybersecurity, navigate skill shortages in technical roles, and rethink their inventories and financing options to weather a volatile economic landscape. Revenue will expand at an expected CAGR of 2.4% to $1.4 trillion through 2030.

The report covers USA Used Car Market Forecast, USA Used Car Market, USA Used Car Market Top Players, USA Used SUV Car Market Revenue, Size, Competition.

The Oman used car market, valued at $0.98 billion in 2025, exhibits robust growth potential, projected to expand at a Compound Annual Growth Rate (CAGR) exceeding 4% from 2025 to 2033. This growth is fueled by several key factors. Increasing vehicle ownership, particularly within younger demographics, coupled with a preference for more affordable used vehicles over new cars, significantly boosts market demand. Furthermore, the expansion of online used car marketplaces, offering greater transparency and convenience, simplifies the buying process and attracts a wider customer base. The organized sector is likely experiencing faster growth than the unorganized sector due to better inventory management, financing options, and consumer trust. However, fluctuating fuel prices and economic uncertainties can act as potential restraints, influencing consumer purchasing decisions and impacting overall market growth. The market segmentation reveals a diverse landscape, with Hatchbacks, Sedans, SUVs, and MPVs catering to varied consumer needs and preferences. The dominance of specific vehicle types within these segments will likely shift based on evolving consumer priorities and economic conditions. Volkswagen Certified Used Car, OpenSooq, YallaMotors.com, Best Cars, Dubizzle Group, Kavak, OTE Group, and Omanicar are key players shaping market competition and innovation. The historical period (2019-2024) likely saw a more moderate growth rate compared to the projected forecast period (2025-2033). This acceleration is attributed to improved economic conditions, increasing disposable incomes, and the maturing of the online used car market infrastructure in Oman. Future growth will be contingent on factors such as government policies promoting sustainable transportation, the availability of financing options for used car purchases, and the continued expansion of digital platforms that facilitate transactions. The ongoing development of robust quality control and certification mechanisms within the organized sector will further contribute to growth by instilling buyer confidence. Competition amongst established players and the emergence of new entrants will also drive market dynamics and potentially improve pricing and service offerings for consumers. This report provides a detailed analysis of the dynamic Oman used car market, encompassing historical data (2019-2024), current estimates (2025), and future projections (2025-2033). It delves into market size, segmentation, key players, and growth drivers, offering valuable insights for businesses and investors seeking opportunities in this thriving sector. The report utilizes high-search-volume keywords like "Oman used car market size," "Oman pre-owned car sales," "used car prices in Oman," and "Oman automotive market trends" to ensure maximum online visibility. Recent developments include: July 2023: Mercedes-Benz Oman introduced a limited-time offer for their certified pre-owned vehicles. The Mercedes-Benz Certified Pre-Owned collection is meticulously curated, featuring top-tier used vehicles selected from the Mercedes-Benz lineup. Each vehicle in this collection meets rigorous technical standards, undergoing a comprehensive 150-point assessment performed by highly skilled technicians. This thorough evaluation encompasses examinations of both the vehicle's external and internal condition, validation of mileage, verification of service history, and on-road performance assessments., October 2022: Mexico's pre-owned car platform, Kavak, announced its plans to invest USD 130 million in the GCC region, including Oman, over the next two years. This investment is aimed at establishing the leading used-car platforms in the Gulf following its merger with regional player Carzaty. Kavak, a prominent Latin American used-car dealership operating in 10 countries, such as Mexico, Brazil, Argentina, and Turkey, will initiate its GCC expansion by commencing operations in the UAE and Oman. The subsequent phases will involve extending its presence to Saudi Arabia. The planned used-car operation by Kavak in the Gulf is set to have a workforce exceeding 1,000 employees and will boast the largest vehicle reconditioning centers across the GCC.. Key drivers for this market are: High Cost Associated With the New Cars and Affordability Concerns Drive the Market, Others. Potential restraints include: Stringent Governmental Regulations and Import Taxes Restrict the Market Growth. Notable trends are: Financial Institutions Offer Various Options to Support Individuals in Buying Used Cars-.