Used-vehicle inventory levels rose again at the start of November, surpassing the previous 2025 high set in October, according to Cox Automotive’s analysis of vAuto Live Market View data.
2.26M
Total Inventory
as of Nov. 3, 2025
48
Days’ Supply
$25,945
Average Listing Price
Nationwide, dealers – both franchised and independent – had a total supply of 2.26 million used vehicles on their lots at the beginning of November. That figure was 1% higher than the revised 2.23 million in early October and is 3% higher than the same time last year.
The retail used-vehicle sales pace was up over 3% month over month in the most recent 30-day period. Used retail sales reached 1.40 million vehicles in October, up from the 1.36 million reported in September. The October bump was most likely driven by what purchasers are viewing as a favorable purchasing window, with factors such as improved credit access contributing alongside the used market’s strong value proposition – offering more affordable alternatives than the new-car segment. Sales remain strong, up 2% compared to the previous year.
USED-VEHICLE INVENTORY VOLUME AND DAYS’ SUPPLY
The Cox Automotive days’ supply is based on the estimated daily retail sales rate for the most recent 30-day period. Used vehicles had 48 days’ supply at the start of November, down one day from the upwardly revised level at the beginning of October but up one day compared to the same time last year. Though days’ supply remained above levels seen in the prior year, supply remains constrained and below levels observed in recent years, as well as in 2019.
Used-vehicle retail prices increased in the most recent measure. The average used-vehicle listing price increased to $25,945, up from the revised $25,889 at the beginning of October and up 2% compared to the levels observed a year earlier. The increase can mostly be attributed to an increase in share of newer model years in the mix.
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 34 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 $24,037, 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.
