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Sep 28, 2023 · SEPTEMBER 28, 2023 — The U.S. Census Bureau today released data on the nation’s inventory and use of selected vehicles. The Vehicle Inventory and Use Survey (VIUS) is a joint partnership with the U.S. Department of Transportation, Bureau of Transportation Statistics and Federal Highway Administration; the U.S. Department of Energy; and the ...
Average used car prices in the United States as of February 2023, by vehicle type (in U.S. dollars)
Jul 25, 2024 · According to data from the U.S. Census Bureau, there were 25,649 used car establishments in the U.S. in 2021. This represents a 2% increase over 2020, when there were 25,186 such dealerships.
Jan 12, 2024 · Key Insights. In 2022, 38.6 million used cars were sold in the US. This number has been fairly stable over the past decade, with 36.9 million used cars sold in 2010 and a peak of 42.7 million used cars in 2017. Approximately 294 million vehicles were on US roads in the final quarter of 2022.
- Record Sales Despite Record Prices
- New Car Shortage = Run on Used Cars
- Record Could Stand For Years
The sales record comes despite record-high prices. December’s numbers aren’t final yet, but Cox Automotive estimates that the average used car sold for $27,569 in November. At the start of 2021, that same figure stood at $21,572. That’s an increase of $5,997, or nearly 28% in one year.
The average used car price spiked due to a host of factors. Americans slowed their car shopping dramatically in 2020, as the COVID-19 pandemic kept millions off the roads. When vaccinations and government stimulus began to reawaken the economy in 2021, America went car shopping. But a worldwide microchip shortagelimited the number of new cars autom...
It’s a record that will probably stand for a long time. Cox Automotive is forecasting 39.3 million used car sales this year. Even after the microchip shortage eases, it will continue to affect the used car market for years. Just as the post-2008 slowdown meant fewer used cars available to sell today, the 2021 production slowdown will mean fewer use...
Aug 29, 2023 · In the fourth quarter of 2022, about 285.2 million vehicles were in operation in the United States, an increase of under one percent year-over-year. The rising demand for vehicles paired with...
Feb 1, 2024 · U.S. car ownership overview. In 2022, there were 283,400,986 registered vehicles in the United States — 278,870,463 private and commercial vehicles, and 4,530,523 publicly owned vehicles....
