Inventory-Related Content | Cox Automotive Inc.

Used Vehicles Have Steady Supply, Lower Average Asking Price 01/13/2023 The used-vehicle market has stabilized, resembling the pre-pandemic normal, with inventory holding steady and prices dipping from their record highs, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.32M Total UnsoldUsed Vehiclesas of Dec. 26, 2022 54 Days' Supply $27,143 Average Listing Price 69,418 Average Mileage The total supply of unsold used vehicles on dealer lots, both franchised dealers and independents, across the… Read Article

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Inventory Build-Up Suggests Incentives May Be Coming 01/12/2023 New-vehicle inventory stacked up in December, suggesting some automakers may be forced to bring back incentives to spur sluggish sales and draw down supply, according to Cox Automotive’s analysis of vAuto Available Inventory data. Despite stagnated sales and rising supply, prices still increased. “New-vehicle inventory climbed through December, nearing what used to be considered ‘normal’ levels in the pre-pandemic era,” said Charlie Chesbrough, Cox Automotive senior… Read Article

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Commentary: How Variable Management Helps Cure a Used-Vehicle Hangover 01/09/2023 Auto Remarketing, Jan. 9. 2023 – Dale Pollak, founder of vAuto and executive vice president of Cox Automotive, writes in an opinion piece about how dealers have a "hangover problem" where they have overindulged while times were great. In this article, Pollak offers a hangover cure in the form of a new method to manage used-vehicle inventory, called variable management. Read the Article. Read Article

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Used-Vehicle Prices Keep Falling as Inventory Stabilizes, Sales Drop 12/16/2022 Revised, Jan. 13, 2023 – Used-vehicle asking prices fell again through the month of November to their lowest average since last spring as inventory stabilized and sales fell, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.33M Total UnsoldUsed Vehiclesas of Nov. 28, 2022 54 Days' Supply $27,156 Average Listing Price 69,916 Average Mileage The total supply of unsold used vehicles on dealer… Read Article

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New-Vehicle Inventory Climbs in November; Prices Stay High 12/14/2022 Revised, Jan. 12, 2023 – New-vehicle inventory volume continued to climb through November as production increased and sales slowed, according to Cox Automotive’s analysis of vAuto Available Inventory data. Unfortunately for shoppers, prices climbed in November as well. “Timing is everything,” said Charlie Chesbrough, Cox Automotive's senior economist. “Production is finally ramping up after being stymied by the chip shortage just as demand started to waiver… Read Article

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Average Used-Vehicle Asking Price Falls to Lowest Level Since April 11/17/2022 Revised, Dec. 16, 2022 – Used-vehicle asking prices fell throughout the month of October to their lowest average since April as inventory matches pre-pandemic 2019 levels, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.44M Total UnsoldUsed Vehiclesas of Oct. 31, 2022 53 Days' Supply $27,578 Average Listing Price 70,067 Average Mileage The total supply of unsold used vehicles on dealer lots, both… Read Article

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New-Vehicle Inventory Rebounds in October for Most Brands 11/16/2022 Revised, Dec. 14, 2022 – New-vehicle inventory closed October at its highest level since May 2021, and prices stayed high, according to Cox Automotive’s analysis of vAuto Available Inventory data. Over the past three months, all but four major brands have seen an increase in inventory. The question is: Will demand keep up with supply? “The supply situation in the new vehicle market has significantly improved… Read Article

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Used-Vehicle Market Stabilizes in Supply and Prices 10/14/2022 Revised, Nov. 17, 2022 – Used-vehicle inventory and asking prices are stabilizing, according to the Cox Automotive analysis of vAuto Available Inventory data. Used supply held steady in September from August and is higher than a year ago. Growth in listing prices is slowing. 2.46M Total UnsoldUsed Vehiclesas of Aug. 29, 2022 53 Days' Supply $28,064 Average Listing Price 70,816 Average Mileage The total supply of… Read Article

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New-Vehicle Inventory Closes September Up, Asking Prices Down 10/13/2022 Revised, Nov. 17, 2022 – New-vehicle inventory closed September at its highest level since early June 2021, and the average listing price for new vehicles fell to the lowest point in two months, according to Cox Automotive’s analysis of vAuto Available Inventory data. Still, supply remains well below historical norms, and prices are still far higher than in the past. 1.32M Total Inventoryas of Sept. 26,… Read Article

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Used-Vehicle Market Remains Resilient, Days’ Supply 30% Higher Than A Year Ago 09/16/2022 Revised, Oct. 14, 2022 – Used-vehicle inventory volume held steady from July to August, as did prices – a sign of market stability, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.46M Total UnsoldUsed Vehiclesas of Aug. 29, 2022 52 Days' Supply $28,064 Average Listing Price 70,816 Average Mileage The total supply of unsold used vehicles on dealer lots, both franchised dealers and… Read Article

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