U.S.: quarterly net purchases of used light trucks and autos
Net used light truck purchases in the United States stood at nearly 194.8 billion U.S. dollars in the second quarter of 2022, compared to just around 52.1 billion U.S. dollars for used cars. Net purchases of used cars had been slowly dipping down since the first quarter of 2018, before picking slightly back up during the COVID-19 pandemic. Car sales in the U.S. had overall been declining, with