GITNUX MARKETDATA REPORT 2024

Reliable Used Car Statistics

Utilizing reliable used car statistics can help guide informed decision-making when purchasing a pre-owned vehicle.

In this post, we will delve into the realm of used cars, exploring a variety of statistics that shed light on their reliability and economic benefits. From the depreciation rates of new cars to the most reliable brands and models in the U.S market, these data points will guide you in making informed decisions when it comes to purchasing a pre-owned vehicle.

Statistic 1

"On average, a new car loses up to 30% of its value in the first two years, making used cars a more reliable economic option."

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Statistic 2

"The ten most reliable used car brands in the U.S include Lexus, Toyota, and Mazda."

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Statistic 3

"With only 10% failing their first MOT, the Honda Jazz is the most reliable used car in terms of MOT performance."

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Statistic 4

"More than 60% of used cars resold within the first year of ownership are luxury vehicles, suggesting reliability as a major concern."

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Statistic 5

"The average price of a used car in the U.S is $20,273."

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Statistic 6

"Used car sales in the United States in 2019 reached 40.8 million vehicles."

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Statistic 7

"The Subaru Outback is a reliable used car choice with a 10-year old model costing an average of $7,123."

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Statistic 8

"In 2021, the longest-lasting vehicles are all SUVs with a high percentage exceeding 200,000 miles."

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Statistic 9

"U.S used vehicle sales in 2020 was $412.5 billion."

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Statistic 10

"In 2021, the average age of a light vehicle on road in the U.S was 12.1 years."

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Statistic 11

"In 2020, used EVs cost on average 43% less than new ones, suggesting they may be a more reliable economical purchase."

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Statistic 12

"The most commonly available used car model in the US in 2019 was the Ford F150."

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Statistic 13

"Hybrid cars are 25% less reliable than non-hybrid cars of the same age."

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Statistic 14

"In 2020, the Nissan Leaf was the fastest-selling used car in the US."

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Statistic 15

"The average cost to own and operate a new vehicle in 2020 was $9,561 according to AAA."

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Statistic 16

"In 2019, 40% of licensed drivers were used-car owners, a testament to their reliability."

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In conclusion, the statistics presented highlight the economic advantages and reliability of used cars in the United States. Data shows that new cars can depreciate up to 30% in the first two years, making used cars a practical option. Brands like Lexus, Toyota, and Mazda are noted as some of the most reliable used car choices in the country. The Honda Jazz stands out for its exceptional MOT performance, with only a 10% failure rate. Luxury vehicles being resold within the first year indicate consumer concern for reliability, while SUVs and EVs are cited as durable and cost-effective options. Overall, the statistics suggest that used cars offer a dependable and budget-friendly choice for American consumers.

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