Impact of new car prices on used car purchase by selected country

During a July 2022 survey, 95 percent of respondents who owned a used car in Brazil and 93 percent of respondents who owned a used car in Portugal reported the high new car prices had made them opt to purchase a second-hand vehicle instead. The United States had the lowest share of participants reporting new car prices contributed to them buying a new car, though nearly three quarter of U.S. consumers mentioned high purchasing prices had at least some impact on their decision to invest in a used vehicle.

Share of consumers who preferred purchasing a used car over a new car due to new car prices as of July 2022, by selected country

Characteristic	Share of respondents
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Release date

2022

More information

Region

Worldwide

Survey time period

June 23, 2022 to July 8, 2022

Number of respondents

16,600 respondents*

Age group

18-65 years

Method of interview

Computer-assisted web interviews (CAWI)

Supplementary notes

Original survey question: "You acquired a second-hand car. Did you give up on the idea of buying a new vehicle because you thought the cost was too high?"
Results represent the share of respondents who answered "Yes, definitely" and "Yes, to an extent" to the survey question.

The sample size was of 800 participants in each countries except for France, which had 3,000 participants. The quota method was used for sampling.
* The original survey question was asked to respondents who owned at least one used car. The source does not specify the respondent base for this question, so the count reported here is the total sample size for the overall survey.
** Results for China were not reported due to the low number of respondents.

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