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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
Graphic showing the difference between new and used vehicles sold from 1990 to 2011. From 1990 to 2008 the number of used vehicles sold was between 2.5 and 3 times higher than new vehicle sales. See table below for more detailed information.

 

Supporting Information

Light Vehicle Sales (Millions)
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

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