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This data has been scraped from PakWheels, the most renowned second-hand Car Selling company's website. The data contains approximately more than 78,000 cars with 13 different features and price as target. The feature names are:
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TwitterIn 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.
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US Used Car Market Size 2025-2029
The US used car market size is forecast to increase by USD 40.2 billion, at a CAGR of 4.3% between 2024 and 2029.
The used car market in the US is witnessing significant growth, driven by the excellent value proposition that used cars offer to consumers. The increasing popularity of websites dedicated to selling used cars has expanded market reach and convenience, allowing consumers to browse and purchase vehicles online. Stringent emission regulations are restricting the sales of non-compliant used cars, necessitating investments in upgrading and maintaining commercial vehicle fleets to meet regulatory requirements. These regulations necessitate investments in emission testing and certification processes, increasing operational costs for dealers. To capitalize on opportunities, dealers can focus on offering certified pre-owned vehicles and implementing robust emission testing procedures.
Additionally, leveraging digital marketing strategies and offering flexible financing options can help attract and retain customers. Overall, the used car market presents both challenges and opportunities for players, requiring strategic planning and innovation to succeed.
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The used car market in the US continues to evolve, with various sectors adapting to emerging trends and technologies. Vehicle data analysis plays a pivotal role in understanding vehicle depreciation curves and return on investment for dealers. Payment processing systems streamline sales transactions, while sales performance metrics and customer lifetime value inform strategic decision-making. Fraud detection systems ensure compliance with legal standards, and insurance cost factors influence acquisition channel efficiency. Inventory turnover rate, a key performance indicator, varies across dealerships. Compliance audits and dealer training programs maintain legal compliance and improve customer satisfaction. Market penetration rate and resale value prediction help dealers optimize pricing models.
Consumer protection laws and financing product offerings shape customer trust and loyalty. Operating costs analysis, customer service feedback, and sales conversion rates contribute to profit margin calculation. Risk assessment models, employee performance metrics, marketing spend efficiency, and pricing model validation are essential for long-term success. A recent study reveals a 5% increase in sales for dealerships implementing advanced data analytics. Industry growth is expected to reach 3% annually, driven by these evolving market dynamics.
How is this market segmented?
The US used car 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.
Distribution Channel
3P channel sales
OEM channel sales
Product
Mid size
Full size
Compact size
Vendor Type
Organized
Unorganized
Fuel Type
Diesel
Petrol
Geography
North America
US
By Distribution Channel Insights
The 3P channel sales segment is estimated to witness significant growth during the forecast period.
The used car market in the US is an active and dynamic sector, driven by various factors. With the constant launch of new vehicle models, the supply of used cars increases, resulting in lower prices compared to new cars. This trend encourages car owners to sell their vehicles and upgrade to newer models, shortening the average ownership cycle. Online advertising platforms play a significant role in connecting buyers and sellers. Pre-purchase inspections and vehicle history reports ensure transparency and build trust. Repairs cost estimation and parts sourcing networks help in managing the expenses of used car ownership. Market segmentation strategies cater to different customer needs, while customer relationship management tools foster loyalty.
Emissions testing standards ensure the environmental sustainability of used vehicles. Auto appraisal value tools help in determining fair prices, and loan term comparison aids in financing decisions. Marketing campaign effectiveness is measured through customer acquisition cost and interest rate calculation. Mobile apps offer functionalities like mechanical inspection checklists, paint depth measurement, and damage assessment tools. Dealer inventory management, detailing services, and vehicle photography techniques enhance the sales process. Industry growth is expected to continue, with the used car market projected to expand by 3% annually. For instance, a dealership successfully increased its sales by 15% thr
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Used Car Price Prediction Dataset is a comprehensive collection of automotive information extracted from the popular automotive marketplace website, https://www.cars.com. This dataset comprises 4,009 data points, each representing a unique vehicle listing, and includes nine distinct features providing valuable insights into the world of automobiles.
This dataset is a valuable resource for automotive enthusiasts, buyers, and researchers interested in analyzing trends, making informed purchasing decisions or conducting studies related to the automotive industry and consumer preferences. Whether you are a data analyst, car buyer, or researcher, this dataset offers a wealth of information to explore and analyze.
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TwitterThe average price of used electric vehicles remained well over the price for used hybrid and non-hybrid/electric cars in the United States in February 2023. That month, used EVs cost an estimated ****** U.S. dollars, over ****** U.S. dollars more than a used hybrid vehicle.
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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 Sep 2025 about used, trucks, vehicles, urban, consumer, CPI, inflation, price index, indexes, price, and USA.
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Dataset Overview This dataset provides detailed listings of used cars available in Pakistan's automotive market, featuring popular Japanese imports and local models. It includes critical specifications like engine capacity, transmission type, fuel type, and kilometer readings - essential for buyers and analysts.
Key Features: 🚗 Vehicle Models: Honda Vezel, Toyota Corolla, Suzuki Wagon R, Changan Alsvin. ⚙️ Technical Specs: Engine CC (660-1500cc), Transmission (Auto/Manual). 📊 Usage Data: Kilometer readings (9,744km - 85,000km). 💰 Pricing: Current market prices (PKR 29.8L - 72.5L). ⏳ Model Years: 2008-2023 vehicles.
Potential Use Cases ✔️ Price prediction modeling for used cars. ✔️ Comparative analysis of hybrid vs petrol vehicles. ✔️ Depreciation trends by mileage and age. ✔️ Market demand analysis for Japanese imports. ✔️ Transmission preference studies (Auto vs Manual).
Why This Dataset? ✅ Real-world market data from Pakistan's automotive sector. ✅ Clean, structured format ready for analysis. ✅ Mix of popular models representing actual inventory. ✅ Ideal for car dealers, buyers, and data analysts.
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This dataset contains monthly records of automobile prices (new and used), macroeconomic indicators (inflation and interest rates), and units sold from January 2019 to December 2023. It can be used to explore the impact of economic variables on vehicle pricing and demand.
Key Features:
60 monthly data points
Correlation-friendly layout for econometric or machine learning models
Useful for forecasting, trend analysis, and policy simulation"
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This dataset contains data about 762,091 used cars scraped from cars.com. The data was collected on Apr, 2023.
Feature description: 1. manufacturer - name of the car manufacturer 2. model - name of the car model 3. year - the year when the car was produced 4. mileage - the number of miles the car has traveled since production 5. engine - car engine 6. transmission - type of the car's transmission 7. drivetrain - type of the car's drivetrain 8. fuel_type - type of fuel that the car consumes 9. mpg - the number of miles a car can travel using one gallon of fuel (miles per gallon) 10. exterior_color - car exterior color 11. interior_color - car interior color 12. accidents_or_damage - whether the car was involved in accidents 13. one_owner - whether the car was owned by one person 14. personal_use_only - whether the car was used only for personal purposes 15. seller_name - name of the seller 16. seller_rating - seller's rating 17. driver_rating - car rating given by drivers 18. driver_reviews_num - the number of car reviews left by drivers 19. price_drop - price reduction from the initial price 20. price - car price
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TwitterAccording to a December 2024 survey, most European used car dealers believed the current used car prices had a neutral impact on their business. However, the trend in used car dealers perceiving prices as very negative changed from 2023 to 2024, falling by ** percentage points.
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Used Car Market Size 2025-2029
The used car market size is valued to increase by USD 885.3 billion, at a CAGR of 7.4% from 2024 to 2029. Increasing number of new models of cars launched due to high competition will drive the used car market.
Major Market Trends & Insights
APAC dominated the market and accounted for a 41% growth during the forecast period.
By Vehicle Type - Compact segment was valued at USD 856.10 billion in 2023
By Channel - Organized segment accounted for the largest market revenue share in 2023
Market Size & Forecast
Market Opportunities: USD 67.95 billion
Market Future Opportunities: USD 885.30 billion
CAGR from 2024 to 2029 : 7.4%
Market Summary
The market, a significant and dynamic sector of the global automotive industry, experienced a record-breaking year in 2021. According to the International Organization of Motor Vehicle Manufacturers, approximately 35 million used cars were sold worldwide, marking a 5% increase compared to the previous year. This growth can be attributed to several key drivers. First, the increasing number of new models launching due to heightened competition has led to a larger supply of used cars. Moreover, the growing demand for car subscription services and car-sharing platforms has created new opportunities for consumers to access affordable, flexible transportation solutions. The market's evolution has been shaped by various trends and challenges.
Technological advancements, such as the integration of electric and autonomous vehicle technologies, have transformed the market landscape. Additionally, changing consumer preferences, including a focus on sustainability and cost savings, have influenced market dynamics. Looking ahead, the market is expected to continue its growth trajectory. As the global population becomes increasingly urbanized and transportation needs become more diverse, the demand for used cars is likely to increase. Furthermore, the ongoing digitalization of the automotive industry will create new opportunities for innovation and disruption. In conclusion, the market is a vital and evolving sector that offers significant opportunities for businesses.
Its growth is driven by factors such as increased competition, the rise of car subscription services, and changing consumer preferences. As the market continues to adapt to technological advancements and shifting trends, it will remain a dynamic and exciting space for innovation and growth.
What will be the Size of the Used Car Market during the forecast period?
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How is the Used Car Market Segmented ?
The used car industry 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.
Vehicle Type
Compact
SUV
Mid size
Channel
Organized
Unorganized
Fuel Type
Diesel
Petrol
Geography
North America
US
Canada
Europe
France
Germany
UK
APAC
China
India
Japan
South Korea
South America
Brazil
Rest of World (ROW)
By Vehicle Type Insights
The compact segment is estimated to witness significant growth during the forecast period.
The market continues to evolve, with the compact segment experiencing significant growth in APAC and Europe. This class of vehicles, positioned between subcompact and mid-size cars, gains popularity due to increasing consumer demand for personal mobility and more efficient, eco-friendly options. In densely populated regions, compact cars offer easier handling and lower emissions, contributing to a 50% market share in some regions. Popular pre-owned models like the Fiat Panda and Volkswagen Golf in Europe undergo rigorous pre-sale inspections, including body damage assessment, suspension component inspection, and mileage verification methods. Refurbishment techniques, such as automotive diagnostic tools and mechanical inspection procedures, ensure optimal engine performance and safety.
Consumer review aggregation and title verification services provide transparency, while repair cost estimation and parts replacement costs inform potential buyers. Fuel efficiency ratings, detailing services, and pre-purchase inspection checklists further enhance the buying experience. Online vehicle marketplaces employ pricing algorithms, vehicle financing options, and auction platform data to facilitate sales. Electrical system testing, maintenance record analysis, and emissions testing standards ensure transparency and safety. Safety recall checks, brake system evaluation, and fluid level checks complete the comprehensive assessment process.
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The Compact segment was valued at USD 856.10 billion in 2019 and showed a gradual increase dur
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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 guarantees, technical expertise, and
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Description: Collection of car offers from one of Germany's largest car sales websites, AutoScout24. This scraped dataset contains a wide range of information about car offers, covering a cars manufactured from 1995 to 2023.
Features: - Brand: The brand or manufacturer of the car. - Model: The specific model of the car. - Color: The color of the car's exterior. - Registration Date: The date when the car was registered (Month/Year). - Year of Production: The year in which the car was manufactured. - Price in Euro: The price of the car in Euros. - Power: The power of the car in kilowatts (kW) and horsepower (ps). - Transmission Type: The type of transmission (e.g., automatic, manual). - Fuel Type: The type of fuel the car requires. - Fuel Consumption: Information about the car's fuel consumption in L/100km ang g/km. - Mileage: The total distance traveled by the car in km. - Offer Description: Additional description provided in the car offer.
This dataset provides a rich resource for data analysis, machine learning projects, and market research. Whether you're interested in predicting car prices, analyzing fuel efficiency trends, or exploring the evolution of popular car models over the year or maybe analysing car price based on color.
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TwitterUsed car prices decreased between 2023 and 2024 in all the four countries surveyed. France remained the country with the highest average used vehicle price in 2024 and was the country with the smallest price decline.
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As per Cognitive Market Research's latest published report, the Global Used Car market size was $1400.2 billion in 2022 and it is forecasted to reach $2600.3 billion by 2030. Used Car Industry's Compound Annual Growth Rate will be 6.5% from 2023 to 2030. MARKET DYNAMICS IN USED CAR MARKET
KEY DRIVERS
Increased costs of new cars are driving demand for used cars
The rising costs of new vehicles is significantly driving demand for used cars, thereby contributing to market growth. The rise in manufacturing costs, including those associated with new technologies, safety features and taxes have made new cars less affordable. Used cars provide more affordable options, attracting middle class and first-time buyers. The trend is further fueled by the rapid expansion of organized used car retail, digital platforms and more accessible financing options. Due to the high cost of vehicles and the maintenance of personal cars, youngsters have a lower rate of first-hand car ownership, further accelerating demand for used cars.
Growing demand for luxury used cars plays a key role in the market
Another significant driver in the global used cars market is the growing demand for luxury used cars. The high costs of a luxury car made it difficult to obtain one, particularly in emerging markets and price-sensitive regions. However, the growing availability of used luxury cars at affordable pricing has shifted dynamics in the global market. Used luxury cars offer a more accessible entry point to premium brands compared to buying new, making them attractive to a wider range of buyers. The segment is particularly growing in markets like India, where with the rise in disposable incomes, consumers are increasingly inclined towards purchasing luxury vehicles.
RESTRAINTS
Lack of standardization and transparency hinder market growth.
The lack of standardization and transparency in the global used car market significantly challenges market growth. The absence of standardized pricing and quality assessment methods in the used car market leads to buyer skepticism and uncertainty. Undisclosed vehicle use history, odometer fraud, and transactions in the unorganized sector causes distrust among buyers. A large number of used car dealers operate in the unorganized sector, making it harder to ensure quality, transparency and fair pricing. Introduction of Used Car
A used car is a pre-owned vehicle that can be sold again. The used car market encompasses the buying and selling of previously owned vehicles. It offers a wide range of budget-friendly alternatives. The market Used cars are sold through a variety of channels, including franchise and independent car dealers, rental car agencies, auctions, private party sales, and leasing offices.
The organized sector of the market includes franchise dealerships, certified pre-owned program and online marketplaces, often providing warranties, inspection processes and financing options, The unorganized sector on the other hand includes local dealerships, independent sellers and brokers that offer flexible pricing and cater to local markets. The market is large and significantly growing, driven by factors like affordability, convenience and evolving consumer preferences. Due to the high cost of vehicles and the maintenance of personal cars, youngsters have a lower rate of car ownership, further accelerating demand for used cars.
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Thailand Used Car Price Index data was reported at 84.120 2015=100 in Oct 2025. This records a decrease from the previous number of 87.680 2015=100 for Sep 2025. Thailand Used Car Price Index data is updated monthly, averaging 106.500 2015=100 from Jan 2011 (Median) to Oct 2025, with 178 observations. The data reached an all-time high of 147.610 2015=100 in Jan 2012 and a record low of 74.490 2015=100 in Dec 2023. Thailand Used Car Price Index data remains active status in CEIC and is reported by Bank of Thailand. The data is categorized under Global Database’s Thailand – Table TH.RA: Used Vehicle Price Index.
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Data extracted from FIPE.
Every observation (row) corresponds to a average car price, calculated to a month of a year of reference. In other words, in a year (year_of_reference) there are 12 observations related to the same car, however avg_price_brl might differ.
The variables fuel, gear and engine_size were extracted from values of column model, as in original there is no column dedicated to those values. Since some values for model don't contain the information of engine size, this dataset doesn't contain the whole data from FIPE's original. Additionally, if 'Aut.' is not present in model, the car is assumed to be manual.
The prices are calculated by FIPE and they're here as original (in BRL).
FIPE updates the information on a monthly basis. Here, the referred month is given as month_of_reference, as the corresponding year has variable named as year_of_reference
The FIPE codes (fipe_codes) are the model identifier used in FIPE webpage.
year_of_reference: year of reference of the observation, i.e., the year the data corresponds to.moth_of_reference: month of reference of the observation, i.e., the month the data corresponds to. The average price is calculated by FIPE each month.fipe_code: unique id corresponding to a model for easy search on FIPE webpage.authentication: unique code that authenticates the consult in FIPE's site.brand: car's make.model: a description of the car containing the name and other descriptive information, as provided in FIPE table.fuel: fuel used by the car. Some of gas cars are actually alcohol and gas (totalflex), which is common in Brazil.gear: the way gears are shifted.engine_size: Engine size measured in cubic centimeters.year_model: those values corresponds to the year of reference, and may not be the same of the year of manufacture, which in case will corresponds to a year before year_model. Observations with year_model = year_of_reference mean the car is brand new for that year of reference, i.e., a 2021 car with year_of_reference = 2021 and moth_of_reference = July mean that the observation (mainly the average price) corresponds to a brand new car in the year of 2021, of the month of July. The same model may have a different average price for different month. avg_price_brl: average car's price, as measured by FIPE, in BRL.Here are some questions that may be used as starting point of analysis.
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The Germany Used Cars Market size was valued at USD 125.4 billion in 2024 and is projected to reach USD 198.6 billion by 2032, growing at a CAGR of 5.9% from 2025 to 2032.
Germany Used Cars Market Drivers
Digital Transformation of Used Car Sales: The shift towards online platforms and digital marketplaces has revolutionized used car transactions in Germany. According to the German Digital Economy Association, online used car sales platforms reported a 145% increase in transaction volume between 2021-2023, with 38% of all used car purchases now involving digital platforms in some capacity.
Price Gap Between New and Used Vehicles: The growing price disparity between new and used vehicles has driven more German consumers towards the used car market. The German Federal Motor Transport Authority (KBA) reported that the average price difference between new and 3-year-old used cars increased by 28% in 2023, with used car transactions exceeding new car sales by a ratio of 2.8:1.
Environmental Regulations and Euro 7 Standards: Stricter emission regulations and the upcoming Euro 7 standards have increased demand for recent-model used cars that meet current environmental requirements. The German Environment Agency reported that sales of used cars less than 5 years old with Euro 6d certification increased by 52% in 2023, with these vehicles commanding a 42% premium over older models.
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This data is collected from hatla2ee and have 17,160 rows This data collected in May 2023
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TwitterThe average list price for used vehicles in the United States reached some ****** U.S. dollars in June 2023. This was a year-on-year decrease of around *** percent of the June 2022 average, which stood at under ****** 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.