Japan's used car market expands to record 5.3 trillion yen in 2025

TOKYO - Japan's used car market hit a record high in 2025, surging 54.8 percent from five years earlier to 5.32 trillion yen ($34 billion), as consumer resistance to secondhand goods waned and rising raw material costs pushed up prices for new vehicles, according to a recent survey by an automobile think tank.

The average price of a used vehicle purchased during the previous year also hit a record high of 1.75 million yen, up 397,000 yen from 2020, the research institute affiliated with staffing service group Recruit Holdings Co. found.