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 - 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.

Sales of used light vehicles in the United States came to around 38.9 million units in the third quarter of 2024. The same period, approximately 15.6 million new light trucks and automobiles were sold here. Declining availability of vehicles In the fourth quarter of 2023, about 288.5 million vehicles were in operation in the United States, an increase of under one 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 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.

The global used car market size reached USD 1,056 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2,108 Billion by 2033, exhibiting a growth rate (CAGR) of 7.99% during 2025-2033. The market is experiencing steady growth driven by the growing preferences for eco-friendly and fuel-efficient vehicles, wide accessibility of financing options, and introduction of features like adaptive cruise control, lane-keeping assistance, and advanced infotainment systems.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on vehicle type, vendor type, fuel type, and sales channel.

United States - Retail Sales: Used Car Dealers was 14113.00000 Mil. of $ in February of 2022, according to the United States Federal Reserve. Historically, United States - Retail Sales: Used Car Dealers reached a record high of 17815.00000 in March of 2021 and a record low of 1583.00000 in December of 1992. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Retail Sales: Used Car Dealers - last updated from the United States Federal Reserve on March of 2025.

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.

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.

The share of used vehicles with financing in the United States decreased with fluctuations from the first quarter of 2017 to the first quarter of 2021. In the first quarter of 2021, 34.5 percent of the used cars in the United States were financed.

South Urban - Consumer Price Index for All Urban Consumers: Used Cars and Trucks in South was 167.72500 Index 1982-84=100 in January of 2021, according to the United States Federal Reserve. Historically, South Urban - Consumer Price Index for All Urban Consumers: Used Cars and Trucks in South reached a record high of 167.72500 in January of 2021 and a record low of 107.60000 in July of 1986. Trading Economics provides the current actual value, an historical data chart and related indicators for South Urban - Consumer Price Index for All Urban Consumers: Used Cars and Trucks in South - last updated from the United States Federal Reserve on March of 2025.

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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 billion at a CAGR of 6.2% between 2024 and 2029.

The Used Car Market in the UK presents a significant value proposition for investors and businesses due to its size and growth dynamics. This market is driven by various factors, including the improving economic conditions, increasing consumer preference for cost-effective alternatives to new cars, and the rise of touchpoint management solutions that enhance the buying and selling experience. Furthermore, the emergence of car subscription services has added a new dimension to the market, offering flexibility and convenience to consumers. However, challenges such as increasing competition, regulatory changes, and the need for transparency and trust in the marketplace require strategic planning and innovation from market participants. Companies seeking to capitalize on these opportunities and navigate challenges effectively should focus on offering competitive pricing, exceptional customer service, and innovative solutions that address the evolving needs of consumers in the UK used car market.

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

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The used car market in the UK is a significant sector of the European automobile industry, characterized by demand and dynamic trends. With a vast dealership network and increasing online sales, this market caters to various consumer preferences, including sports utility vehicles (SUVs), passenger cars, hatchbacks, sedans, hybrid vehicles, and electric cars. The market's size is substantial, with millions of used vehicles transacted annually. Key trends include the growing popularity of SUVs, digital sales, and car subscription services. Online marketplaces, such as auto marketplaces and telecom industry platforms, facilitate transactions, offering consumers access to extensive vehicle history records, financing options, and vehicle quality information. Used car management companies, leasing offices, and car dealers play crucial roles in the market, providing services like vehicle inspections, appraisals, and certification. The market's direction is influenced by factors like consumer confidence, residual values, and the shift towards petrol engines, diesel vehicles, and alternative fuel options like hybrid and electric vehicles. Quality finance charges, off-lease vehicles, and blockchain records are increasingly shaping the market landscape, ensuring transparency and trust in used car transactions. The average ownership duration is decreasing, with consumers seeking more flexible financing options and convenient digital retailing experiences. Overall, the used car market in the UK remains a vibrant and evolving sector, adapting to consumer needs and technological advancements.

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 sizeTypePetrolDieselOthersGeographyUK

By Channel Insights

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

Used cars in the UK market are primarily sold through organized companies, which include dealership chains, online marketplaces, and original equipment manufacturers (OEM)-affiliated dealerships. These organizations ensure a smooth vehicle ownership transfer with local government collaborations and complete transparency regarding timelines and fees. They offer technical expertise and financial support to buyers, enabling a more convenient and trustworthy purchasing experience. The rise of online marketplaces, such as Motors.Co.Uk, with features like virtual showrooms and detailed vehicle histories, has significantly contributed to the growth of the used car sector. Organized companies' ability to digitalize and create a seamless interface is a key driver for sales during the forecast period.

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The Organized segment was valued at USD 78.40 billion in 2019 and showed a gradual increase during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in adoption of UK Used Car Market?

Excellent value for money proposition of used cars is the key driver of the market. The used car market in the UK has witnessed significant growth due to the increasing number of automakers entering this sector and the

The Switzerland used car market is projected to exhibit a growth rate (CAGR) of 5.30% during ​2024-2032​. The extensive demand for affordable mobility solutions, technological advancements, and the development of applications represents some of the key factors driving the growth of the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for ​2024-2032​. Our report has categorized the market based on vehicle type, vendor type, fuel type, and sales channel.

The Report Covers the Australian Used Car Market Value & Forecast and It is Segmented by Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, Electric, and Others), Body Type (Hatchback, Sedan, Sports Utility Vehicle and Multi-Purpose Vehicle), and Sales Channel (Online and Offline). The Market Size and Forecasts for the Australian Used Car Market are Provided in Terms of Value (USD) for all the Above Segments.

United States - Average Maturity of Used Car Loans at Finance Companies, Amount of Finance Weighted was 65.63000 Months in July of 2024, according to the United States Federal Reserve. Historically, United States - Average Maturity of Used Car Loans at Finance Companies, Amount of Finance Weighted reached a record high of 66.38000 in July of 2023 and a record low of 54.83000 in January of 2009. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Average Maturity of Used Car Loans at Finance Companies, Amount of Finance Weighted - last updated from the United States Federal Reserve on March of 2025.

South Korea used car market size is projected to exhibit a growth rate (CAGR) of 5.10% during 2024-2032. The increasing changes in consumer preferences, such as a growing interest in SUVs or electric vehicles, which can impact the demand for specific used car models, are driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional and country level for 2024-2032. Our report has categorized the market based on vehicle type, vendor type, fuel type, and sales channel.

United States - Consumer Price Index for All Urban Consumers: New and Used Motor Vehicles in U.S. City Average was 126.39900 Index Dec 1997=100 in February of 2025, according to the United States Federal Reserve. Historically, United States - Consumer Price Index for All Urban Consumers: New and Used Motor Vehicles in U.S. City Average reached a record high of 129.48300 in September of 2022 and a record low of 89.80000 in February of 1993. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Consumer Price Index for All Urban Consumers: New and Used Motor Vehicles in U.S. City Average - last updated from the United States Federal Reserve on March of 2025.

Population Size Class A (over 1,500,000) - Consumer Price Index for All Urban Consumers: Used Cars and Trucks in Size Class A was 202.82600 Index Dec 1986=100 in February of 2022, according to the United States Federal Reserve. Historically, Population Size Class A (over 1,500,000) - Consumer Price Index for All Urban Consumers: Used Cars and Trucks in Size Class A reached a record high of 202.82600 in February of 2022 and a record low of 99.50000 in January of 1987. Trading Economics provides the current actual value, an historical data chart and related indicators for Population Size Class A (over 1,500,000) - Consumer Price Index for All Urban Consumers: Used Cars and Trucks in Size Class A - last updated from the United States Federal Reserve on March of 2025.

Indonesia used car market size reached 1.4 Million Units in 2023. Looking forward, IMARC Group expects the market to reach 1.94 Million Units by 2032, exhibiting a growth rate (CAGR) of 3.40% during 2024-2032. The emerging middle-class population, rapid urbanization, significant infrastructure development, easy availability and diversity of used cars, rising environmental concerns, supporting financing options, and growing proliferation of online marketplaces represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on vehicle type, booking channel, and financing providers.

Vietnam used car market size reached USD 10.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 41.3 Billion by 2033, exhibiting a growth rate (CAGR) of 14.8% during 2025-2033. The rising awareness of environmental issues, lower car ownership costs, rising preference for private transportation, favorable government policies, and ongoing trend of people moving to urban areas represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on vehicle type, fuel type, booking type, and vendor type.

United States Used Car Loans Market By Size, Share, Growth, Trends and Forecast 2027, By Vehicle Type, By Financier, By Percentage of Amount Sanctioned, By Tenure, By Region, Competition Forecast and Opportunities