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

United States - Consumer Price Index for All Urban Consumers: Used Cars and Trucks in U.S. City Average was 183.77900 Index 1982-84=100 in May 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 July of 2025.

The Used Truck Market Report is Segmented by Vehicle Type (Light Trucks, Medium-Duty Trucks, and More), Fuel Type (Diesel, Gasoline, and More), Age Bracket (Up To 3 Years, 4-7 Years, and More), Vehicle Class (Class 3 and More), End-Use Industry (Construction and Infrastructure and More), Sales Channel (Independent Dealer and More), and Geography. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

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 report covers North America Used Truck Market Outlook and the market is Segmented by Vehicle Type (Light-duty Truck, Medium-duty Truck, and Heavy-duty Truck) and Geography (United States, Canada, and Rest of North America). The market size and forecasts are provided in terms of value (USD billion) for all the above segments.

Used Car Prices MoM in the United States increased to 1.60 percent in June from -1.40 percent in May of 2025. This dataset includes a chart with historical data for the United States Used Car Prices MoM.

Used Car Prices YoY in the United States increased to 6.30 percent in June from 4 percent in May 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 (CUUS0000SETA02) from H1 1984 to H2 2024 about used, trucks, vehicles, urban, consumer, CPI, 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 exhibits robust growth, driven by the excellent value proposition that pre-owned vehicles offer to consumers. This market trend is further bolstered by the increasing penetration of online platforms dedicated to selling used cars, providing greater convenience and accessibility for buyers. However, the market faces regulatory challenges as stricter emission regulations limit the sale of non-compliant used cars, necessitating investments in upgrading inventory and adhering to regulatory frameworks. These hurdles, while significant, can be navigated through strategic partnerships with emission testing centers and ongoing investment in fleet modernization. Companies that effectively address these challenges and leverage the opportunities presented by the growing demand for used cars and the digital shift in sales channels will thrive in this dynamic market.

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

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In the dynamic used car market, consumers face various challenges such as car scams and fraudulent activities. To mitigate risks, car buyers turn to comprehensive car buying guides and car detailing services. A VIN number check is essential for vehicle identification and history assessment, while emissions testing ensures environmental compliance. Car sharing and subscription services offer flexible mobility solutions. Vehicle registration and title transfer processes can be streamlined through digital means, and car refurbishment and connected car technology enhance safety and convenience. Blind spot monitoring and adaptive cruise control are popular safety features, while collision avoidance systems and lane departure warning systems provide added protection. Used car logistics and online financing applications simplify the purchasing process, and extended warranties offer peace of mind. Wireless charging, smartphone integration, and vehicle diagnostics are essential features for modern cars. Sustainable mobility and car comparison tools cater to eco-conscious consumers, while car maintenance schedules and roadside assistance ensure long-term vehicle care. Remote vehicle inspection and car care tips help maintain a car's resale value, and car subscription services offer flexible ownership alternatives. Used car fraud prevention and vehicle identification technologies protect buyers from potential risks. Car safety ratings and vehicle identification numbers are crucial tools for informed decision-making.

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. Distribution Channel3P channel salesOEM channel salesProductMid sizeFull sizeCompact sizeVendor TypeOrganizedUnorganizedFuel TypeDieselPetrolGeographyNorth AmericaUS

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 a dynamic and significant sector, with numerous entities shaping its activity. Used car buyers continuously seek value, leading to a high demand for pre-owned vehicles. Search engine optimization and online advertising play crucial roles in connecting buyers with sellers, whether they're private parties or car dealerships. Wholesale car lots and auctions provide inventory for dealerships, ensuring a steady supply of used cars. Fleet vehicles, often traded in for newer models, contribute to the used car inventory. Maintenance records and vehicle history reports are essential for buyers, influencing their purchasing decisions. Safety features, infotainment systems, and driver assistance are increasingly desired in used cars, especially among budget-conscious consumers and luxury car buyers. Electric and hybrid vehicles are gaining popularity, driving the demand for used models in these categories. Car negotiation, fuel economy, and vehicle valuation are essential factors in used car selling. Digital marketing, including social media, mobile apps, and data analytics, helps sellers reach a wider audience. Certified pre-owned vehicles, reconditioned cars, and consignment sales offer buyers additional options and peace of mind. Car financing, vehicle inspections, and warranties are essential components of the used car buying process. Autonomous driving technology and car pricing trends continue to evolve, impacting the used car market. As the average ownership cycle shortens, the market will see an increase in the availability of used cars, making it an exciting and ever-changing landscape for both buyers and sellers.

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Used Car Market Size 2025-2029

The used car market size is forecast to increase by USD 885.3 billion, at a CAGR of 7.4% between 2024 and 2029.

The market is experiencing dynamic shifts, driven by intensifying competition leading to an escalating launch of new car models and increasing consumer preferences for alternative mobility solutions. These trends are reshaping the market landscape, presenting both opportunities and challenges for stakeholders. Competition in the market is escalating, prompting automakers to introduce new models at a faster pace to maintain market share. This trend, in turn, is increasing the availability of pre-owned vehicles, providing consumers with a wider range of options. Meanwhile, consumer preferences are evolving, with a growing demand for car subscription services and car-sharing solutions.
These services cater to consumers seeking flexible, cost-effective mobility solutions, particularly in urban areas. However, this shift towards alternative mobility models poses a challenge for traditional used car dealers, requiring them to adapt and innovate to remain competitive. Digital marketing, including social media, mobile apps, and data analytics, helps sellers reach a wider audience. The market is undergoing significant transformation, fueled by increasing competition and evolving consumer preferences. Companies seeking to capitalize on opportunities and navigate challenges effectively must stay abreast of these trends and adapt their strategies accordingly. This may involve exploring new business models, such as car subscription services, or enhancing their offerings to cater to the changing needs of consumers.

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

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The market continues to evolve, with dynamic market activities unfolding across various sectors. Internal combustion engines power the majority of the market, but the emergence of electric vehicles is reshaping the landscape. Steering systems and suspension systems ensure optimal vehicle handling, while safety features such as backup cameras, parking sensors, and blind spot monitoring are becoming increasingly essential. Title transfer and engine displacement are crucial components of the sales process, with customer service and fuel efficiency key differentiators for dealers. Inventory management and pricing strategies are critical for wholesale auctions and online auto dealers, who must navigate the complex interplay of supply and demand. Vehicle registration and title transfer processes can be streamlined through digital means, and car refurbishment and connected car technology enhance safety and convenience.

Car loans and auto auctions offer financing options for buyers, while certified pre-owned vehicles and vehicle history reports provide transparency and value assurance. Adaptive cruise control and lane departure warning systems are among the advanced technologies enhancing the driving experience. Fuel efficiency and body panels are essential considerations for buyers, with infotainment systems and navigation systems adding convenience and value. The market's continuous evolution underscores the importance of staying informed and adaptable to changing consumer preferences and industry trends.

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 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 compact car segment in the used automobile market experiences significant growth due to increasing consumer preference for personal mobility and the availability of advanced features in compact vehicles. APAC and Europe lead the market, contributing a substantial share to the compact segment. Compact cars, which sit between subcompact and mid-size vehicles, offer easier handling in traffic congestion and lower emissions. Popular pre-owned compact models include the Fiat Panda and Volkswagen Golf in Europe. Inventory management plays a crucial role in the market, ensuring a steady supply of various models. Used car dealers source vehicles from private sellers, wholesale auctions, and trade-ins.

Vehicle history reports help assess the con

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.

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 global used truck market size reached USD 46.3 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 61.2 Billion by 2033, exhibiting a growth rate (CAGR) of 3.16% during 2025-2033. Significant economic advantages, the rising demand in logistics and transportation, technological advancements influencing the vehicle longevity, the rise of new truck models, the implementation of stringent regulatory initiatives, and the increasing online marketplaces are some of the key factors driving the market toward growth.

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, sales channel, and end user.

Used Car and Refurbished Car Market Outlook

The global market size for used and refurbished cars was valued at approximately USD 1.3 trillion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2032, reaching a projected value of around USD 2.3 trillion by 2032. This robust growth is driven by a combination of factors including increasing demand for affordable cars, technological advancements in car refurbishment, and the rising popularity of online sales channels.

One of the primary growth factors in the used and refurbished car market is the financial accessibility these vehicles offer. With new car prices soaring and consumer lending becoming more stringent, many buyers are shifting their focus to used cars as a cost-effective alternative. This trend is particularly pronounced in emerging markets where disposable incomes are rising, but consumers still remain price-sensitive. Additionally, the depreciation curve of new vehicles—where a new car can lose a significant portion of its value within the first few years—makes used cars an attractive option for value-conscious buyers.

Technological advancements in the refurbishment process are also significantly contributing to market growth. Modern refurbishment techniques allow for the restoration of vehicles to near-new conditions. This not only extends the lifespan of the vehicles but also enhances their reliability and performance. Advanced diagnostics, high-quality replacement parts, and specialized refurbishment processes ensure that used cars meet stringent quality standards, making them more appealing to potential buyers. Moreover, these advancements help in reducing the environmental impact of manufacturing new vehicles, thus appealing to eco-conscious consumers.

Another key driver is the growing influence of digital platforms in the automotive market. Online marketplaces and e-commerce platforms have simplified the process of buying and selling used cars. These platforms offer a wide range of options, transparent pricing, and detailed vehicle histories, thereby building consumer trust. Additionally, technological features such as virtual tours, 360-degree views, and AI-driven recommendations enhance the online buying experience, making it convenient and efficient for consumers. The integration of these platforms with financing and insurance services further streamlines the purchasing process, thereby boosting market growth.

Used Car Loans have become an integral part of the financial landscape within the used car market. As the demand for used vehicles rises, so does the need for accessible financing options. Used car loans provide consumers with the flexibility to purchase vehicles without the immediate financial burden of paying the full price upfront. These loans are particularly beneficial for first-time buyers and individuals with limited savings, allowing them to spread the cost over a manageable period. Financial institutions and online lenders have recognized this growing need and are offering competitive interest rates and flexible terms to attract potential buyers. The availability of used car loans is further driving the market, making vehicle ownership more attainable for a broader audience.

Regionally, the Asia Pacific market is expected to exhibit the highest growth rate, driven by expanding middle-class populations and rapid urbanization. North America and Europe also continue to be significant markets, with steady demand supported by well-established automotive industries and high vehicle ownership rates. Latin America and the Middle East & Africa, though smaller in market size, are witnessing increasing demand due to economic development and improving infrastructure. These regional dynamics collectively contribute to the overall growth of the used and refurbished car market.

Vehicle Type Analysis

In the used and refurbished car market, vehicle type is a crucial segment that significantly influences consumer choices and market dynamics. The segment is broadly divided into passenger cars and commercial vehicles. Passenger cars account for the majority share in the market. This dominance is attributed to the high demand for personal vehicles among individual consumers. Used passenger cars offer a cost-effective solution for families and individuals looking to own a vehicle without the financial burden of purchasing a brand-new car. Moreover, the availability of a wide variety of models and brands in the used car market prov

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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 guara

The 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.

US Used Car Market size was valued at USD 165 Billion in 2024 and is projected to reach USD 278.76 Billion by 2032, growing at a CAGR of 6% from 2026 to 2032.

The growing demand for advanced semiconductor components in electronics and microelectronics is a primary driver of the vapor deposition market. Increasing adoption of IoT devices, smartphones, and electric vehicles is fueling the need for thin-film coatings, enhancing product performance and durability.

Additionally, rising applications of vapor deposition in solar panels, medical devices, and cutting-edge aerospace technologies are accelerating market growth. The technology's eco-friendly nature and ability to produce high-quality, uniform coatings further boost its demand across industries.

Used Cars Market Outlook

According to our latest research, the global used cars market size reached USD 1.65 trillion in 2024, reflecting the robust expansion of the sector in response to shifting consumer behavior, digital transformation, and growing affordability concerns. The market is expected to grow at a CAGR of 6.8% from 2025 to 2033, with the market size projected to reach USD 3.02 trillion by 2033. This dynamic growth is driven by factors such as increasing demand for personal mobility, the rapid expansion of online sales channels, and evolving vendor ecosystems that are enhancing transparency and trust in used car transactions.

A significant growth factor for the used cars market is the rising cost of new vehicles, which has made used cars a more attractive and viable option for a broader consumer base. Inflationary pressures, supply chain disruptions, and the increasing integration of advanced technology in new cars have collectively driven up the prices of new vehicles, thereby pushing consumers towards the used car segment. Additionally, the depreciation rate of new cars is steepest within the first few years, making slightly used vehicles an economically sound choice for budget-conscious buyers. The availability of certified pre-owned (CPO) programs has further bolstered consumer confidence by offering warranties and quality assurances, narrowing the perceived gap between new and used vehicles. This shift in consumer preference is expected to sustain the market’s momentum over the forecast period.

Another key growth driver is the digital transformation sweeping across the automotive industry, particularly in the used cars market. The proliferation of online sales channels and digital marketplaces has revolutionized the way used cars are bought and sold, making the process more transparent, efficient, and accessible. Online platforms provide comprehensive vehicle histories, price comparison tools, and even virtual showrooms, empowering consumers with information and convenience. This digital evolution has also facilitated cross-border transactions and expanded the reach of vendors, enabling buyers to access a wider inventory and competitive pricing. The integration of technologies such as artificial intelligence and data analytics further enhances the matching of buyers with suitable vehicles, streamlining the entire purchase journey.

Environmental consciousness and regulatory initiatives are also shaping the growth trajectory of the used cars market. As governments worldwide implement stricter emissions standards and promote sustainable mobility, many consumers are opting for used electric and hybrid vehicles as a cost-effective way to transition to greener transportation. Incentives for scrapping older, polluting vehicles and the growing availability of newer, fuel-efficient used cars are encouraging this trend. Moreover, the circular economy model, which emphasizes the reuse and extended lifecycle of products, aligns well with the ethos of the used cars market, positioning it as a key contributor to sustainable mobility solutions in both developed and emerging economies.

From a regional perspective, Asia Pacific leads the global used cars market, fueled by a burgeoning middle class, rapid urbanization, and increasing digital adoption. North America and Europe also represent significant market shares, driven by mature automotive ecosystems, high vehicle ownership rates, and well-established certified pre-owned programs. Latin America and the Middle East & Africa, while smaller in absolute terms, are experiencing accelerated growth due to rising disposable incomes and expanding online sales channels. Regional dynamics are further influenced by local regulations, consumer preferences, and the pace of technological adoption, creating a diverse and competitive landscape across the globe.

Vehicle Type Analysis

The vehicle type segment in the used cars market is a critical determinant of consumer choice, with hatchbacks, sedans, SUVs, and other v

North America Used Truck Market was valued at USD 18.25 billion in 2024 and is expected to reach USD 25.15 billion by 2030 with a CAGR of 5.54%

Brazil Used Car Market is Segmented by Vehicle Type (Hatchbacks, Sedans, Sport Utility Vehicles & Multi-Purpose Vehicles) and by Vendor (Organized and Unorganized). The Report Offers the Market Size and Forecast in Value (USD) for all the Above Segments.