Used-vehicle inventory levels rose for the fourth consecutive month at the start of December, surpassing the previous 2025 high set in November, according to Cox Automotive’s analysis of vAuto Live Market View data.
2.31M
Total Inventory
as of Dec. 1, 2025
50
Days’ Supply
$25,730
Average Listing Price
Nationwide, dealers – both franchised and independent – had a total supply of 2.31 million used vehicles on their lots at the beginning of December. That figure is 6% higher than the same time last year and over 2% higher than the 2.26 million in early November.
USED-VEHICLE INVENTORY VOLUME
The retail used-vehicle sales pace remains strong, up 1.9% compared to the previous year and up 2.3% month over month in the most recent 30-day period. Used retail sales reached 1.39 million vehicles in November, up from the 1.36 million reported in October. The uptick in November was most likely driven by what purchasers are viewing as a favorable purchasing window, with factors such as declining prices, improving used vehicle credit rates, and continued gains in credit availability contributing alongside the used market’s strong value proposition – offering more affordable alternatives than the new-car segment.
The Cox Automotive days’ supply is based on the estimated daily retail sales rate for the most recent 30-day period. Used vehicles had 50 days’ supply at the start of December, unchanged from the upwardly revised level at the beginning of November but up two days compared to the same time last year. Days’ supply remains above prior-year levels, though still constrained. Compared to recent years, supply is lower, and it’s roughly flat versus 2019.
USED-VEHICLE INVENTORY DAYS’ SUPPLY
Used-vehicle retail prices decreased in the most recent measure. The average used-vehicle listing price was $25,730, up less than 1% compared to the levels observed a year earlier but down from the revised $25,947 at the beginning of November.
AVERAGE USED-VEHICLE LISTING PRICE
Price-conscious buyers have limited options for affordable used vehicles. Used cars priced below $15,000 continue to have low availability, with only 36 days’ supply, which is 14 days below the overall industry average. The top five sellers of the month were listed at an average price of $23,824, more than 7% below the average listing price for all used vehicles sold. Once again, Ford, Chevrolet, Toyota, Honda and Nissan were the top-selling brands, accounting for 50% of all used vehicles sold.
