What Is the Average Price Difference Between New and Used Cars?

What Is the Average Price Difference Between New and Used Cars?

What Is the Average Price Difference Between New and Used Cars?

A new car is sold for approximately $16,000 more than a used car on average as of April 2015. New cars sold for an average price of $31,831 during 2014, while used cars sold for an average of $16,335.

Used car prices have climbed significantly in recent years, with 2014's average prices for used cars up 5.1 percent over 2013. While new car prices only increased 1.9 percent in the same period, these increases are on top of already steep rises since the recession of 2008. Used car prices increased as much as 16 percent per year between 2008 and 2011.