From 1990 to 2008, the number of used vehicles sold was between 2.5 and 3 times higher than new vehicle sales. During the recent recession, both new and used vehicle sales declined to sales volumes not seen since the 1980's. Used vehicle sales, however, in 2009 and 2010 were more than three times that of new vehicles for the first time.
New and Used Light Vehicle Sales, 1990 - 2011
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Supporting Information
| Year | Used Vehicles | New Vehicles | Ratio of Used Vehicles / New Vehicles |
|---|---|---|---|
| 1990 | 37.5 | 13.9 | 2.7 |
| 1991 | 37.3 | 12.3 | 3.0 |
| 1992 | 36.9 | 12.9 | 2.9 |
| 1993 | 38.1 | 13.9 | 2.7 |
| 1994 | 40.1 | 15.1 | 2.7 |
| 1995 | 41.8 | 14.7 | 2.8 |
| 1996 | 40.8 | 15.1 | 2.7 |
| 1997 | 41.2 | 15.1 | 2.7 |
| 1998 | 40.8 | 15.5 | 2.6 |
| 1999 | 40.7 | 16.9 | 2.4 |
| 2000 | 41.6 | 17.4 | 2.4 |
| 2001 | 42.6 | 17.1 | 2.5 |
| 2002 | 43.0 | 16.8 | 2.6 |
| 2003 | 43.6 | 16.6 | 2.6 |
| 2004 | 42.5 | 16.9 | 2.5 |
| 2005 | 44.1 | 16.9 | 2.6 |
| 2006 | 42.6 | 16.5 | 2.6 |
| 2007 | 41.4 | 16.1 | 2.6 |
| 2008 | 36.5 | 13.2 | 2.8 |
| 2009 | 35.5 | 10.4 | 3.4 |
| 2010 | 36.9 | 11.6 | 3.2 |
| 2011 | 38.8 | 12.7 | 3.0 |
| Source: Ward's Communications | |||