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.

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 YoY in the United States decreased to 0.10 percent in February from 0.80 percent in January of 2025. This dataset includes a chart with historical data for the United States Used Car Prices YoY.

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.

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.

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.

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.

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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

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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.

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The Report Covers Global Used Car Market Projections & Outlook and it is Segmented by Vehicle Type (Hatchback, Sedan, Sports Utility Vehicles Multi-Purpose Vehicles), Vendor Type (Organized and Unorganized), and Geography (North America, Europe, Asia-Pacific, and the Rest of the World). The report offers market size and forecasts for used cars in terms of value (USD billion) for all the above segments.

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).

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 58.2 percent year-over-year, reaching around 7,900 euros in 2022. In contrast, cars between one and three years old reported a slower inflation, costing approximately 21,574 euros in 2022—23.3 percent more than in 2021.

The Report Covers Used Car Dealership Industry Analysis and is Segmented by Vendor Type (Organized and Unorganized), Fuel Type (Petrol, Diesel, Electric, and Others), Body Type (Hatchback, Sedan, and Sports Utility Vehicles and Multi-Purpose Vehicles), and Sales Channel (Online and Offline). The Report Offers Market Size and Forecasts for United States Used Car Market in Value (USD Billion) for all the Above Segments.

The Brazilian used car market is projected to experience steady growth, with a market size of 151.72 million in 2025 and a CAGR of 4.00% over the forecast period of 2025-2033. The key drivers of this growth include rising disposable income, increasing urbanization, and government initiatives to promote vehicle ownership. The organized segment of the market is expected to gain traction due to factors such as increased consumer trust and improved quality control. Key trends influencing the market include the growing popularity of SUVs and MPVs, the adoption of digital platforms for car sales, and the emergence of subscription-based car ownership models. Additionally, government regulations aimed at reducing carbon emissions and promoting sustainable transportation are expected to drive demand for used electric and hybrid vehicles. The competitive landscape is fragmented, with numerous organized and unorganized players operating in the market. Leading companies include F Lapenna Motors, Omega Veiculos, Griffe Auto, and Instacarro. The study period covers the years 2019-2033, with 2025 as the base year. Recent developments include: March 2022: InstaCarro, a prominent player in Brazil's pre-owned cars marketplace, swiftly achieved sales of BRL 4 million (USD 763,359) via its buy now, pay later (BNPL) vertical. Functioning as a digital intermediary linking sellers and dealers within the Brazilian used car domain, InstaCarro strategically introduced BNPL as its inaugural financial service offering. This strategic move, executed slightly over three months ago, demonstrates the platform's commitment to innovation and customer-centric financial solutions. It underscores its vision to enhance its array of services for its extensive network of over 4,000 dealers. The innovation of Argentine entrepreneur Luca Cafici and InstaCarro's adoption of BNPL showcases its proactive approach to modernizing the automotive marketing landscape., February 2022: Kavak, the Mexican unicorn with a vast fleet of over 7 million pre-owned vehicles, marked its entry into Rio de Janeiro, Brazil. In a significant move as part of its expansion strategy within Brazil, the company has pledged an impressive investment of BRL 550 million (USD 104,961,832) in the state. This strategic step positions Rio de Janeiro as the second key destination in Kavak's Brazilian growth journey.. Key drivers for this market are: Growing Online Marketplaces & Platforms Driving Market, Others. Potential restraints include: Technology Advances, Older Used Cars May Lack the Latest Features. Notable trends are: The Rise of E-Commerce and Online Technologies Set to Amplify the Growth of the Used Car Market-.

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.

United States Manheim Used Vehicle Value Index: Price Change: YoY data was reported at 0.794 % in Feb 2025. This records a decrease from the previous number of 1.107 % for Jan 2025. United States Manheim Used Vehicle Value Index: Price Change: YoY data is updated monthly, averaging 1.576 % from Jan 1998 (Median) to Feb 2025, with 326 observations. The data reached an all-time high of 53.010 % in Apr 2021 and a record low of -13.096 % in Dec 2022. United States Manheim Used Vehicle Value Index: Price Change: YoY 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.

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.

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.

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.

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.