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[SITUATION] · [QUIET] · [BUSINESS]
2 clusters · 9 sources · 1 days · First seen · Last updated
Global used car market economic shifts
Overview
The global used car market is facing significant shifts driven by rising costs, inflation, and changing consumer behavior.
In Montenegro, sales have declined due to increased expenses related to imports, registration, and transport, alongside reduced credit availability. Dealers report that buyers are increasingly seeking vehicles with smaller engine capacities, typically priced between 5,000 and 10,000 euros.
In the United States, the market share for vehicles priced under $20,000 has fallen to approximately 32% in the second quarter of 2026, a sharp decrease from 55.2% in 2019. This shift has forced buyers to accept older vehicles; cars in the $10,000 to $15,000 range now average 8.7 years of age, compared to 4.7 years in 2019. High interest rates also pose a barrier, with used-car loans averaging 11.2%.
In the United Kingdom, cost-of-living pressures have fueled demand for high-mileage vehicles. Over 10% of cars on UK roads now have between 100,000 and 150,000 miles, as buyers prioritize well-maintained service histories over lower mileage.
Entities
Nenad Vlahović · Citroën · DVLA · MotorEasy · Stellantis
Timeline
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[BUSINESS] 2 sourcesUsed car market shifts as inflation and costs impact buyers
Economic pressures are reshaping the used car market, with US buyers facing higher prices and older vehicles, while UK demand rises for high-mileage cars due to cost-of-living constraints.
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[BUSINESS] 7 sourcesUsed car sales decline amid rising costs
Used car sales are declining due to high vehicle prices, increased import and registration costs, and reduced consumer purchasing power.
Sources
24sata.hr · automania.hr · autonet.hr · bizniscg.me · biznismagazin.rs · bodyshopmag.com · eventbrite.co.uk · portalzeta.me · rocketnews.com