Used vehicles in the United States in 2022 were over double the price of used vehicles in January 1997. This was an increase of 17.7 points compared to the price index recorded in 2021. This rapid price growth is partly due to a depletion in used vehicle inventory linked with the global chip shortage.
Annual average of the used vehicle value index in the United States between 2015 and 2022
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Manheim. (May 3, 2023). Annual average of the used vehicle value index in the United States between 2015 and 2022 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1279781/us-used-vehicle-value-index/
Manheim. "Annual average of the used vehicle value index in the United States between 2015 and 2022." Chart. May 3, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1279781/us-used-vehicle-value-index/
Manheim. (2023). Annual average of the used vehicle value index in the United States between 2015 and 2022. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1279781/us-used-vehicle-value-index/
Manheim. "Annual Average of The Used Vehicle Value Index in The United States between 2015 and 2022." Statista, Statista Inc., 3 May 2023, https://www.statista.com/statistics/1279781/us-used-vehicle-value-index/
Manheim, Annual average of the used vehicle value index in the United States between 2015 and 2022 Statista, https://www.statista.com/statistics/1279781/us-used-vehicle-value-index/ (last visited November 21, 2024)
Annual average of the used vehicle value index in the United States between 2015 and 2022 [Graph], Manheim, May 3, 2023. [Online]. Available: https://www.statista.com/statistics/1279781/us-used-vehicle-value-index/