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.

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.

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.

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.

The European used car market continues to experience elevated prices, with the Harmonized Consumer Price Index for used cars in the Euro area reaching 121.24 in February 2025. This represents a significant increase of 21.24 points compared to the base year. The upward trend in used car prices began in early 2021 and has yet to show substantial signs of returning to pre-pandemic levels. Despite this persistent elevation, there is a growing sentiment among industry professionals that prices may start to stabilize or even decrease in the near future. Dealer expectations and market dynamics A December 2024 survey revealed that over 40 percent of European used car dealers anticipated a decrease in used car prices for 2025. This expectation aligns with the recent flattening of the price index curve observed in late 2024 and early 2025. However, about a third of the surveyed dealers believed prices would remain stable, indicating a divided outlook on the market's future direction. Consumer behavior and regional variations The used car market continues to play a significant role in vehicle ownership, particularly among younger Europeans. Nearly 60 percent of household cars available to people under 30 years old in Europe were purchased as used vehicles. This trend varies across countries, with France and Norway showing higher rates of used car ownership among young people compared to Southern European countries like Spain and Italy. Additionally, regional differences in used car mileage and transaction volumes highlight the diverse nature of the European used car market. Spain, for instance, reported the highest year-over-year increase in used car transactions as of the fourth quarter of 2024, with a 12.3 percent rise.

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

United States - Consumer Price Index for All Urban Consumers: Used Cars and Trucks in U.S. City Average was 185.32200 Index 1982-84=100 in August 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 October of 2025.

Graph and download economic data for Consumer Price Index for All Urban Consumers: New and Used Motor Vehicles in U.S. City Average (CUUR0000SETA) from Jan 1993 to Aug 2025 about used, vehicles, urban, new, consumer, CPI, inflation, price index, indexes, price, and USA.

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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.

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

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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

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 *****.

This statistic records the difference in the average price of a used car in different cities across the United Kingdom (UK), expressed as a percentage of the average* used car price across the country. The chart shows that Plymouth is the most expensive of these British cities in which to buy a used car, costing about **** percent more than the national average.

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.

The average for 2021 based on 40 countries was 107.24 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.

Graph and download economic data for Consumer Price Index for All Urban Consumers: New Vehicles in U.S. City Average (CUUR0000SETA01) from Mar 1947 to Aug 2025 about vehicles, new, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

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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?

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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

United States - Producer Price Index by Industry: New Car Dealers: Vehicle Sales was 79.03600 Index Dec 1999=100 in August of 2025, according to the United States Federal Reserve. Historically, United States - Producer Price Index by Industry: New Car Dealers: Vehicle Sales reached a record high of 201.85900 in June of 2022 and a record low of 61.20000 in April of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Producer Price Index by Industry: New Car Dealers: Vehicle Sales - last updated from the United States Federal Reserve on October of 2025.

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.

The 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 46,400 U.S. dollars, over 13,000 U.S. dollars more than a used hybrid vehicle.

United States - Retail Sales: Used Car Dealers was 12029.00000 Mil. of $ in July of 2025, according to the United States Federal Reserve. Historically, United States - Retail Sales: Used Car Dealers reached a record high of 15309.00000 in March of 2023 and a record low of 1041.00000 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 October of 2025.

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India Used Car Market Size 2025-2029

The India used car market size is forecast to increase by USD 33.43 billion at a CAGR of 12.9% between 2024 and 2029.

The used car market presents a significant growth opportunity for businesses and investors alike, driven by several key factors. Firstly, the excellent value for money proposition of used cars continues to attract consumers, particularly in the current economic climate. This trend is further bolstered by the increasing preference for flexible mobility solutions, such as car subscription services, which offer the benefits of car ownership without long-term commitment. Furthermore, the emergence of car subscription services has added a new dimension to the market, offering flexibility and convenience to consumers. Another trend is the growing use of 3D printing in passenger car manufacturing, which offers benefits such as reduced production time and lower costs. However, this market is not without its challenges. The rise of e-commerce platforms and digital marketplaces has intensified competition, necessitating improved touchpoint management and customer experience to differentiate offerings.
Additionally, regulatory changes and evolving consumer expectations around vehicle safety and emissions standards pose ongoing challenges for market participants. To capitalize on opportunities and navigate these challenges effectively, companies must stay abreast of market trends, invest in digital transformation, and prioritize customer satisfaction.

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

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The used car market continues to evolve, driven by shifting consumer preferences and advancements in automotive technology. Buying a used car is a popular choice for many, with the process increasingly influenced by digital tools and data-driven insights. Safety features and connectivity are key considerations, as consumers seek assurance and convenience. Car advertising and marketing strategies reflect these trends, highlighting the benefits of pre-owned vehicles in the connected car ecosystem. Autonomous vehicle development and the rise of mobility solutions, such as car sharing services, further impact the market.
Hybrid car adoption continues to grow, contributing to changing depreciation rates and valuation dynamics. Repair and auction services remain essential components of the used car market, providing critical touchpoints in the customer journey. Overall, the used car market is a dynamic and evolving landscape, shaped by consumer needs, technological advancements, and industry trends. Diesel engines are losing favor due to environmental concerns and stricter regulations. EV charging stations and battery technology are advancing, with the Internet of Things (IoT) playing a significant role in optimizing charging and battery management.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Channel

  Offline
  Online


Vehicle Type

  Compact car
  Mid size
  SUV


Type

  Petrol
  Diesel
  Others


Geography

  India

By Channel Insights

The offline segment is estimated to witness significant growth during the forecast period. The used car market in the global context is characterized by the significant presence of offline channels, which accounted for the largest market share in 2024. These channels consist of dealership chains and OEM-affiliated dealerships. Offline channels offer various advantages, including safeguards and guarantees for the original seller, smooth vehicle ownership transfer through local government tie-ups, and transparency about timelines and fees. Organized used car companies often provide technical expertise and capital support to customers. Furthermore, they have partnerships with financiers to offer better financing options, including NBFCs. Consumer reports play a crucial role in the used car market, influencing consumer decisions through data analytics, car safety ratings, and personalized recommendations based on automotive technology, fuel efficiency, environmental concerns, hybrid vehicles, electric vehicles, and maintenance records.

Car auctions, used car warranties, and car loan options are essential aspects of the used car market. Car financing, vehicle maintenance, and car value are crucial factors for consumers in the used car market. The market is expected to grow due to the increasing demand for used cars, advancements in automotive technology, and the growing popularity of electric and hybrid vehicles.

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The Offline segment was valued at USD 23903.00 million in 2019 and showed a gradual increase during the forecast