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

Average Price of New and Used Vehicles, 1990-2011
YearAverage Used Vehicle PriceAverage 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.

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