In 2011 the average used light vehicle price was 36% higher than in 1990, while the average new light vehicle price was 67% higher than it was in 1990. The average price of a used vehicle had been between $6,000 and $9,000 until 2011 when the price rose above $9,000 for the first time. New vehicle prices were also at an all-time high in 2011; they averaged above $25,000 for the first time.
Average Price of New and Used Vehicles
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Supporting Information
| Year | Average Used Vehicle Price | Average New Vehicle Price |
|---|---|---|
| 1990 | $6,830 | $15,042 |
| 1991 | $6,157 | $15,475 |
| 1992 | $6,693 | $16,336 |
| 1993 | $7,335 | $16,871 |
| 1994 | $7,781 | $17,903 |
| 1995 | $8,093 | $17,959 |
| 1996 | $8,257 | $18,777 |
| 1997 | $8,399 | $19,236 |
| 1998 | $8,341 | $20,364 |
| 1999 | $8,828 | $20,710 |
| 2000 | $8,896 | $21,041 |
| 2001 | $8,618 | $21,474 |
| 2002 | $8,130 | $21,249 |
| 2003 | $8,180 | $21,646 |
| 2004 | $8,410 | $21,646 |
| 2005 | $8,036 | $23,017 |
| 2006 | $8,009 | $23,634 |
| 2007 | $8,186 | $23,892 |
| 2008 | $7,986 | $23,441 |
| 2009 | $8,483 | $23,276 |
| 2010 | $8,715 | $24,296 |
| 2011 | $9,275 | $25,048 |
| Note: New vehicle price based on cars only. It does not include light trucks. Source: Used vehicles - Ward's Automotive, New cars - Bureau of Economic Analysis, National Income and Product Accounts (NIPA) Underlying Detail Tables, Table 7.2.5S. | ||