Prepared for fiona2 | Delivered January 8, 2020
Used Car Sales
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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.
, 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
. This means private party sales represent 27.7% of used car sales.
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.
In New Jersey,
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.
, 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.