U.S. Department of Energy - Energy Efficiency and Renewable Energy
Vehicle Technologies Office
Fact #536: September 15, 2008
Average Used Car Prices Up and Used Light Truck Prices Down
The average wholesale price for all used light trucks dropped a total of 16.4% with full sized pickups dropping nearly 30%. The average wholesale price for used cars grew by 2.1% over the previous June. Sporty and upscale cars were the only car segments that experienced declines.
Average Used Car Prices Up and Used Light Truck Prices Down 
Average Wholesale Used-Vehicle Prices, June 2007 and 2008
| Vehicle Classification |
Percent Change
May 2007 - May 2008 |
| Cars |
| Small and Midrange |
5.8 |
| Sporty |
-8.6 |
| Traditional |
0.7 |
| Upscale |
-8.6 |
| Total Cars |
2.1 |
| Light Trucks |
| Small Pickups |
-10.6 |
| Full-sized Pickups |
-27.3 |
| Minivans |
-12.1 |
| Full-sized Vans |
-10.9 |
| Lower Midrange SUVs |
-17.7 |
| Large SUVs |
-23.2 |
| Other SUVs* |
-12 |
| Total Light Trucks |
-16.4 |
|
Notes: Vehicle classification are based on Automotive News Market Classifications.
* Includes standard and premium crossovers and small, upper midrange and premium SUVs.
Source: Crain Communications, Automotive News, July 28, 2008, Page 26. |
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