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

United States Manheim Used Vehicle Value Index: Price Change: MoM data was reported at 1.390 % in Feb 2025. This records an increase from the previous number of 0.650 % for Jan 2025. United States Manheim Used Vehicle Value Index: Price Change: MoM data is updated monthly, averaging 0.051 % from Feb 1997 (Median) to Feb 2025, with 337 observations. The data reached an all-time high of 9.462 % in May 2020 and a record low of -10.129 % in Apr 2020. United States Manheim Used Vehicle Value Index: Price Change: MoM data remains active status in CEIC and is reported by Manheim, Inc.. The data is categorized under Global Database’s United States – Table US.I109: Manheim Used Vehicle Value Index.

Coupes and convertibles were the most expensive used car types in the United States as of February 2023, priced on average at around 49,800 and 46,700 U.S. dollars respectively. In contrast, used wagons and hatchbacks were more affordable, at an average of 20,000 and 24,200 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.

United States - Consumer Price Index for All Urban Consumers: Used Cars and Trucks in U.S. City Average was 187.05700 Index 1982-84=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: Used Cars and Trucks in U.S. City Average reached a record high of 216.87600 in February of 2022 and a record low of 20.00000 in March of 1956. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: Used Cars and Trucks in U.S. City Average - last updated from the United States Federal Reserve on March of 2025.

The United States' Consumer Price Index for used cars and trucks dropped by 1.1 percent between August and September 2022. By contrast, the new vehicles CPI kept rising, up 0.7 percent during the same period.

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 106 and 105.7, 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 10.73 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 6.9 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 67 percent of the light passenger vehicle market in Portugal was reliant on used vehicle imports from the European Union, but only 18 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, 93 percent of consumers preferred a used purchase over a new car due to the new car prices, a share which reached 83 percent for the United Kingdom.

Graph and download economic data for Consumer Price Index for All Urban Consumers: New and Used Motor Vehicles in U.S. City Average (CUSR0000SETA) from Jan 1993 to Feb 2025 about used, vehicles, urban, new, consumer, CPI, inflation, price index, indexes, price, and USA.

The average list price for used vehicles in the United States reached some 27,300 U.S. dollars in June 2023. This was a year-on-year decrease of around 2.8 percent of the June 2022 average, which stood at under 28,100 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.

In the first half of 2024, the average selling price of used vehicles came to around 28,300 U.S. dollars. In 2023, new automobiles and light trucks were on average almost 17,700 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 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 15,700 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 44,630 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 114.6 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 422.3 cars imported in 2023.

In November 2024, the used car Consumer Price Index in France reached 104.45, 4.45 points above 2015 prices. Used car prices had been steadily increasing between December 2021, when the CPI stood at 99.24. This was the lowest CPI recorded between January 2019 and November 2024.

Euro Area - Harmonised index of consumer prices (HICP): Second-hand motor cars was 121.05 points in February of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Harmonised index of consumer prices (HICP): Second-hand motor cars - last updated from the EUROSTAT on March of 2025. Historically, Euro Area - Harmonised index of consumer prices (HICP): Second-hand motor cars reached a record high of 121.45 points in January of 2024 and a record low of 97.60 points in July of 2020.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Used Cars and Trucks in Size Class B/C (CUUSX000SETA02) from H1 1998 to H2 2024 about used, trucks, vehicles, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

The US Used Car Market offers a diverse range of vehicles to cater to varying consumer needs:Passenger Cars: Used passenger cars account for a substantial portion of the market, driven by demand for reliable and affordable transportation.Light Commercial Vehicles (LCVs): LCVs are popular among small businesses and individuals requiring versatile vehicles for commercial or personal use.Heavy Commercial Vehicles (HCVs): HCVs are used for heavy-duty transportation and logistics applications.Electric Vehicles (EVs): The growing popularity of EVs is driving growth in the used car market for these vehicles. Recent developments include: December 2019: A deal to buy the business from AutoScout24 has been made by HELLMAN & FRIEDMAN LLC. The company continues to digitise its business models in the automotive sector, and with this purchase, it hopes to offer value-added marketing solutions.. Key drivers for this market are: Rising Demand for Affordable Transportation

Growing Popularity of Hybrid and Electric Vehicles. Potential restraints include: Fluctuating Vehicle Prices

Limited Inventory of High-Quality Used Cars. Notable trends are: Digitalization of the Used Car Buying Process

Integration of Artificial Intelligence (AI) and Machine Learning (ML).

This statistic shows the Consumer Price Index (CPI) of second hand 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 second hand car purchases was measured at 118.9.

China Automobile Price Index: CAI: Domestic Made: Passenger Car (PC) data was reported at 57.200 Jan2004=100 in Jun 2018. This records a decrease from the previous number of 57.600 Jan2004=100 for May 2018. China Automobile Price Index: CAI: Domestic Made: Passenger Car (PC) data is updated monthly, averaging 71.050 Jan2004=100 from Jan 2004 (Median) to Jun 2018, with 174 observations. The data reached an all-time high of 100.000 Jan2004=100 in Jan 2004 and a record low of 57.200 Jan2004=100 in Jun 2018. China Automobile Price Index: CAI: Domestic Made: Passenger Car (PC) data remains active status in CEIC and is reported by China Auto Index. The data is categorized under China Premium Database’s Price – Table CN.PB: China Auto Index: Automobile Price Index (Discontinued).

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Used Car Market Size 2024-2028

The used car market size is forecast to increase by USD 857.1 billion at a CAGR of 7.56% between 2023 and 2028.

The market is experiencing significant growth and transformation, driven by increasing competition leading to the launch of numerous new car models and the emergence of innovative business models. One of the key trends shaping this market is the rising demand for car subscription services, which offer flexible and affordable access to vehicles without the long-term commitment of ownership. Another trend is the increasing popularity of car-sharing services, which provide short-term vehicle rentals on an hourly or daily basis, addressing the growing need for mobility solutions in urban areas. These trends present both opportunities and challenges for market participants. For companies looking to capitalize on the growing demand for used cars, there is a significant opportunity to offer flexible and affordable solutions through car subscription and car-sharing services. However, increased competition and changing consumer preferences require a deep of market dynamics and the ability to adapt quickly to emerging trends. Moreover, the market is also facing challenges such as the increasing complexity of vehicle technology and the need for reliable and efficient after-sales services. Companies that can effectively address these challenges and provide value-added services to customers are likely to succeed in this market. Overall, the market is an exciting and dynamic space, offering significant opportunities for growth and innovation for companies that can navigate the challenges effectively.

What will be the Size of the Used Car Market during the forecast period?

Request Free SampleThe market continues to be a dynamic and sizeable industry application in the personal transportation sector, catering to a diverse consumer base. With the increasing popularity of modern cars equipped with advanced safety features like adaptive cruise control and lane-keeping assistance, the demand for used vehicles with such technologies is on the rise. Online platforms and e-commerce platforms have revolutionized the buying process, enabling consumers to access vehicle histories through mobile apps and vehicle history reports. Environmental concerns have also influenced the market, driving demand for used vehicles with fuel efficiency and low emissions. As technology advances, infotainment systems and imaging technologies are becoming increasingly important considerations for used car buyers. Overall, the market is poised for continued growth, offering consumers a cost-effective alternative to new vehicles while providing access to the latest industry applications and technologies.

How is this Used Car Industry segmented?

The used car industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments. Vehicle TypeCompact carSUVMid sizeChannelOrganizedUnorganizedFuel TypePetrol/GasolineDieselElectric/HybridEnd UserIndividual BuyersBusiness/Fleet OperatorsGeographyAPACChinaIndiaJapanNorth AmericaUSCanadaEuropeFranceGermanyItalyUKMiddle East and AfricaEgyptKSAOmanUAESouth AmericaArgentinaBrazil

By Vehicle Type Insights

The compact car segment is estimated to witness significant growth during the forecast period.The compact car segment in the global used vehicle market is experiencing significant growth due to increasing consumer preference for personal mobility and the need for fuel efficiency. Europe and Asia-Pacific are the leading markets for used compact cars, driven by the availability of diverse consumer bases, aging vehicle fleets, and regulatory changes. Compact cars, such as the Fiat Panda and Volkswagen Golf, are popular choices due to their adaptive cruise control, lane-keeping assistance, and infotainment systems. Eco-friendly vehicles, including hybrid and electric cars, are gaining traction due to environmental concerns and increasing fuel prices. Online platforms and e-commerce marketplaces, such as Ebay Inc., offer competitive financing options, flexible loan terms, and digital verification for a seamless buying process. Modern vehicles with advanced imaging technologies and virtual vehicle inspections ensure transparency and symmetry of information for buyers. The future outlook for the market is positive, with a focus on eco-friendly cars, affordable models, and digital retailing. Sales channels, including franchise dealers, independent dealers, and car auctions, offer various fuel types, vehicle types, and warranty options to cater to budget-conscious buyers. Online sales, lease returns, and trade-in programs are also contributing to the growth of the market.

Get a glance at the market report of share of various segments Request Fre

The metropolitan areas with the highest used car average selling prices in January 2022 were both located in Florida, with the West Palm Beach-Fort Pierce area recording an average price of close to 36,500 U.S. dollars. This was close to 5,700 U.S. dollars more than the national average.

Switzerland Consumer Price Index (CPI): Transport: Vehicles: Purchase: Second Hand Car data was reported at 96.805 Dec2005=100 in Dec 2010. This records a decrease from the previous number of 97.109 Dec2005=100 for Nov 2010. Switzerland Consumer Price Index (CPI): Transport: Vehicles: Purchase: Second Hand Car data is updated monthly, averaging 103.661 Dec2005=100 from May 2000 (Median) to Dec 2010, with 128 observations. The data reached an all-time high of 109.147 Dec2005=100 in Mar 2003 and a record low of 96.805 Dec2005=100 in Dec 2010. Switzerland Consumer Price Index (CPI): Transport: Vehicles: Purchase: Second Hand Car data remains active status in CEIC and is reported by Swiss Federal Statistical Office. The data is categorized under Global Database’s Switzerland – Table CH.I006: Consumer Price Index: December 2005=100.

The Australian used car market, valued at $69.90 million in 2025, is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 10.12% from 2025 to 2033. This surge is driven by several factors. Firstly, increasing affordability compared to new vehicles makes used cars a more accessible option for a wider range of buyers, particularly younger demographics and budget-conscious consumers. Secondly, the rising popularity of online marketplaces like Gumtree and Carsales.com.au has streamlined the buying and selling process, boosting market transparency and facilitating quicker transactions. Furthermore, the growing preference for SUVs and multi-purpose vehicles (MPVs) is shaping market segmentation, with these categories experiencing disproportionately high demand. However, challenges exist. Fluctuations in fuel prices and the increasing adoption of electric vehicles (EVs) could influence buyer preferences in the coming years. Moreover, stringent vehicle inspection regulations and concerns regarding vehicle history could act as restraints on market expansion. The market's diverse structure, encompassing organized dealerships alongside informal sales channels, further contributes to its dynamic nature. Organized dealerships benefit from established reputations and warranties, while the unorganized sector offers potentially lower prices. The market's regional distribution likely mirrors Australia's population density, with major cities like Sydney and Melbourne contributing significantly to overall sales. While precise regional breakdowns are unavailable, the provided global regional segmentation suggests a concentration within Australia's urban centers. Future growth will depend on managing the evolving landscape of consumer preferences, addressing concerns regarding vehicle quality and transparency, and adapting to the ongoing transition towards sustainable mobility solutions. Further research into specific vehicle types, online versus offline sales channels, and regional variations within Australia would provide more granular insights into the market's intricacies and growth potential. The ongoing influence of economic factors like interest rates and consumer confidence will play a crucial role in shaping the market's trajectory in the coming years. This report provides a detailed analysis of the Australian used car market, encompassing historical data (2019-2024), current estimations (2025), and future forecasts (2025-2033). It offers invaluable insights for businesses and investors navigating this dynamic sector. With a focus on key segments like petrol, diesel, and electric vehicles, the report leverages high-search-volume keywords such as "used cars Australia," "second hand car market Australia," "pre-owned car prices Australia," and "Australian used car industry report" to maximize online visibility. Recent developments include: March 2023: Hyundai Australia announced that it has begun selling used Ioniq 5 models on its company’s website, beginning with 23 vehicles initially., May 2023: Sojitz Corporation acquired full ownership of Albert Automotive Holdings Pty Ltd, which operates a wholesale and retail used car business as part of Dutton Group.. Key drivers for this market are: Quality Assurance is Driving Market Growth in the Country. Potential restraints include: Trust and Transparency in Used Car Remained a Key Challenge for Consumers. Notable trends are: The Online Sales Channel Segment is Expected to be the Fastest Growing Segment Between 2024 and 2029.