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.

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

Used Car Prices YoY in the United States decreased to 0 percent in October from 2 percent in September of 2025. This dataset includes a chart with historical data for the United States Used Car Prices YoY.

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.

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 H1 2025 about used, trucks, vehicles, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

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

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 **** percent year-over-year, reaching around ***** euros in 2022. In contrast, cars between *** and three years old reported a slower inflation, costing approximately ****** euros in 2022—**** percent more than in 2021.

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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

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.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Used Cars and Trucks in Midwest (CUUR0200SETA02) from Dec 1977 to Sep 2025 about midwest, used, trucks, vehicles, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

Used convertibles recorded the steepest price inflation in the United Kingdom between October 2021 and October 2022, reaching an average selling price of around ****** British pounds. In contrast, the price of hatchbacks had on average decreased, down to ****** British pounds. This made Hatchbacks not only the only car segment decreasing in prices but also the cheapest body type in the UK as of October 2022..

The cost of new cars in Austria has been continually increasing since 2016, but dropped significantly through 2023 and most of 2024. From around May 2023, prices across segments increased, with used cars being the most impacted by the price inflation.

Graph and download economic data for Consumer Price Index for All Urban Consumers: Used Cars and Trucks in Northeast (CUUS0100SETA02) from H1 1984 to H1 2025 about used, trucks, vehicles, urban, consumer, CPI, inflation, price index, indexes, price, and USA.

Used car prices in Germany have increased significantly since 2018, though 2023 saw a drop across some sales channel categories. Free trade vehicles recorded a decrease, with figures falling to around ****** euros in 2023. Prices of used cars sold through brand trading have always been historically higher. New and old Germany is a leader on the global car market, with car brands and production quality of long- standing. Volkswagen, Mercedes, and BMV are among the first of many names that come to mind. Consumers may therefore be motivated to buy new cars by various means of financing, considering it a good investment for the future. Of course, new car prices differ significantly compared to used vehicles, with a new car costing an average of around ****** euros in 2023. Prices had grown in recent years, both due to the far-reaching effects of COVID-19 restrictions on industrial production and the energy crisis following the beginning of the Russia-Ukraine war. Drivers looking to buy a car are faced with familiar cost-related decisions regarding whether they buy new or second-hand, but higher fuel prices across the board are an issue facing all vehicle owners. A market with a future The German used car market is expected to grow in the coming years, with around ***** billion U.S. dollars predicted for 2025. Besides potentially contributing to sustainability and environmental protection goals, selling used cars is a business going beyond Germany’s borders. For example, Poland was Germany’s leading second-hand vehicle market by far when compared to other European countries, with around ***** cars imported in 2023.

Graph and download economic data for Consumer Price Index for All Urban Consumers: New and Used Motor Vehicles in Size Class B/C (CUURX000SETA) from Dec 1997 to Sep 2025 about used, vehicles, urban, new, consumer, CPI, inflation, price index, indexes, price, and USA.

1. Understanding the Features

Brand and Model: Analyze how different brands and models influence car prices. Are luxury brands significantly more expensive than economy brands? Year of Manufacture: Discuss the depreciation of car prices over time. How does the year affect pricing, and are there notable trends for specific brands? Engine Size: Explore the relationship between engine size and price. Does a larger engine correlate with a higher price, and how does this vary across different fuel types? Fuel Type: Evaluate how fuel types (Petrol, Diesel, Electric, Hybrid) impact pricing. Are electric vehicles priced higher due to their technology, or do they vary based on other factors? Transmission: Discuss if manual or automatic transmissions affect car pricing, especially in different markets or demographics.

2. Price Predictions and Modeling

Machine Learning Models: Explore which models (e.g., linear regression, decision trees, or ensemble methods) are best suited for predicting car prices using this dataset. Feature Importance: Discuss the importance of different features in predicting price. Which features contribute most to the price prediction accuracy, and how can feature selection improve the model?

3. Market Trends and Insights

Price Distribution: Analyze the distribution of car prices. Are there a lot of high-priced luxury cars, or is the dataset skewed towards more affordable options? Mileage vs. Price: Investigate the correlation between mileage and price. How does higher mileage affect pricing, and is there a threshold where price reduction becomes significant? Condition Impact: Discuss how the condition of the car (New, Used, Like New) influences the price. Are there significant price drops for used cars compared to new ones?

4. Regional Analysis

Location Impact: If geographic location is included, discuss how prices vary by region. Are there markets where certain brands/models are more popular and thus command higher prices? Economic Factors: Consider how broader economic factors (like inflation, fuel prices, and consumer preferences) might influence car prices in different regions.

5. Future Developments and Trends

Electric Vehicle Market: With the rise of electric vehicles, discuss how this dataset reflects the growing demand and pricing trends for EVs compared to traditional fuel cars. Impact of Technology: Consider how advancements in technology, safety features, and autonomous driving capabilities might influence future pricing.

6. Limitations of the Dataset

Data Completeness: Discuss any potential limitations in the dataset, such as missing values or biases in the data collection process. Generalization: Reflect on the ability to generalize the findings from this dataset to broader car markets or regions. Are there potential confounding factors that should be considered?

7. Potential Applications

Pricing Strategies: How can dealerships or private sellers utilize insights from this dataset to set competitive pricing? Consumer Decision-Making: Discuss how consumers can leverage this dataset to make informed purchasing decisions based on price predictions and feature evaluations.

These discussion points can help guide deeper analysis and insights into the Car Price Prediction dataset, making it a valuable resource for both academic and practical applications. If you have specific areas you want to focus on, let me know!

Euro Area - Harmonised index of consumer prices (HICP): Second-hand motor cars was 122.01 points in October of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Euro Area - Harmonised index of consumer prices (HICP): Second-hand motor cars - last updated from the EUROSTAT on December of 2025. Historically, Euro Area - Harmonised index of consumer prices (HICP): Second-hand motor cars reached a record high of 122.01 points in October of 2025 and a record low of 97.60 points in July of 2020.

The U.S. auto industry sold nearly ************* cars in 2024. That year, total car and light truck sales were approximately ************ in the United States. U.S. vehicle sales peaked in 2016 at roughly ************ units. Pandemic impact The COVID-19 pandemic deeply impacted the U.S. automotive market, accelerating the global automotive semiconductor shortage and leading to a drop in demand during the first months of 2020. However, as demand rebounded, new vehicle supply could not keep up with the market. U.S. inventory-to-sales ratio dropped to its lowest point in February 2022, as Russia's war on Ukraine lead to gasoline price hikes. During that same period, inflation also impacted new and used car prices, pricing many U.S. consumers out of a market with increasingly lower car stocks. Focus on fuel economy The U.S. auto industry had one of its worst years in 1982 when customers were beginning to feel the effects of the 1973 oil crisis and the energy crisis of 1979. Since light trucks would often be considered less fuel-efficient, cars accounted for about ** percent of light vehicle sales back then. Thanks to improved fuel economy for light trucks and cheaper gas prices, this picture had completely changed in 2020. That year, prices for Brent oil dropped to just over ** U.S. dollars per barrel. The decline occurred in tandem with lower gasoline prices, which came to about **** U.S. dollars per gallon in 2020 - and cars only accounted for less than one-fourth of light vehicle sales that year. Four years on, prices are dropping again, after being the highest on record since 1990 in 2022.

In France, used cars have been consistently more popular than new cars over the past decades, reaching a record *********** sales in 2021, before dropping to *** million in 2023. In contrast, new automobile sales have faced consistent fluctuation over the years as well as a slower recovery from the COVID-19 pandemic, as their 2023 sales remained below the 2019 sales volume. The state of the French used car market Private passenger cars were by far the best-selling type of used vehicles in France as of January 1st, 2023, recording over ***** times the used van and truck sales volume that year. Most used cars sold in France had a diesel internal combustion engine (ICE), and ICE vehicles remained overall the most popular, partly due to the emerging nature of the used electric vehicle market. However, cars fitting stricter European emission standards have been entering the market. Used cars on the French market tended to be older, as around **** million used vehicles over 15 years old were sold in 2023, followed by vehicles between two and five years old. The overall average used car age in metropolitan France has been steadily increasing since 2019. Global used vehicle price inflation While the age of used vehicles in France remained high, the yearly Consumer Price Index (CPI) also increased, up to ****** in 2023. Monthly prices were more volatile, reaching a Consumer Price Index of ****** in November 2024. This increase in used vehicle prices is tightly linked with the overall inflation recorded across the world. Used car prices in other markets have also been growing during 2022. In the United States, the used car and truck CPI spiked by *** percent in May 2022 and the U.S. used vehicle average selling price was the highest on record since 2016 in 2022. The United Kingdom faced similar challenges, with its annual second hand car CPI jumping to ***** in 2022, the second-highest it had been since 2008.

Used car part wholesalers are largely regional, independent dealers that wholesale used and rebuilt motor vehicle parts. Only one company, LKQ Corporation, has managed to garner significant market share and develop a national reputation, highlighting the industry's high fragmentation and reliance on local demand trends. While the pandemic has ended, lingering trends, including pent-up driving demand and increased e-commerce demand, have supported driving activity and long-term revenue growth. In fact, companies have leaned on heavy-duty truck parts more heavily as people shop online more. Additionally, economic uncertainty following the pandemic and rampant inflation have also encouraged more used car part purchases. Overall, revenue has soared at an expected CAGR of 6.4% to $11.5 billion through the current period, despite a 4.5% decline in 2025, where profit reached 4.4%. The automotive wholesaling supply chain also faced volatile commodity prices through the current period. While skyrocketing ferrous and nonferrous metal prices rippled through supply chains, companies faced less price exposure compared with new car parts. As an inferior good, used car parts became more attractive as new part prices skyrocketed. Regardless, many wholesalers were able to pass additional costs onto buyers, leading to strong profit growth through the current period. Many companies have also invested in new technologies to reduce wage costs and improve efficiency. Inventory management systems and automated guided vehicles have helped companies cut low-wage labor, though many smaller companies have struggled to match the necessary upfront costs. Wholesalers will benefit from strong demand through the outlook period. Increased vehicle miles and motor vehicle registrations suggest stronger demand for used parts, with volatile economic growth, largely driven by tariff volatility, potentially spurring demand through the period. Classic and vintage car markets will also expand, driven by younger generations. Increased incomes will encourage younger demographics to invest in classics, driving demand for discontinued parts. Overall, revenue will climb at an expected CAGR of 1.1% to $12.2 billion through the outlook period, where profit will settle at 4.4%.