Average New Light Vehicle Price Grows Faster than Average Used Light Vehicle Price

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.