Wonder

Log in

Research Outline

Prepared for fiona2 | Delivered January 8, 2020

Used Car Sales

Goals

To find out the number of private used car sales for PA, NJ, NY, CT, VA, NC, FL, MD and the age segments and demographic information for the sellers.

Early Findings

  • According to NIADA, 10,850,924 used cars were sold by private parties in the US.
  • The total number of used cars in the US in 2018 was 39,160,518. This means private party sales represent 27.7% of used car sales.
  • In 2018, 17.2 million new vehicles were registered in the US. In total, 56,360,518 vehicles (new and used) were sold in the US in 2018. Also, new cars represent 30.5% of all car sales by unit.

New Jersey

  • In New Jersey, 581,215 new cars were sold. If this represents 30.5% of the total number of cars sold in 2018, that means around 1.9 million total cars were sold. Also, if 30.5% are new, then 69.5% must be used, equalling 1,324,408.
  • If private party sales represent 27.7% of all used car sales, this means around 366,861 cars were sold privately in New Jersey in 2018.

New York

  • In New York, 1 million new cars were sold in 2018. Using the same calculations as before, this means around 3,278,689 total vehicles were sold that year. Used cars would total 2,278,689 (69.5%).
  • If private party sales represent 27.7% of all used car sales, this means around 631,197 private party used car sales happened in New York in 2018.