Inventory-Related Content | Cox Automotive Inc.

Used Vehicle Supply Holds Steady as Asking Prices Rise 05/19/2022 A spring sales bounce that has been late coming and more spread out than expected has now led to used-vehicle supply holding largely steady in April, according to the Cox Automotive analysis of vAuto Available Inventory data. The average retail list price, however, resumed its upward trajectory, surpassing the $28,000 mark again. 2.52M Total UnsoldUsed Vehiclesas of May 2 48 Days' Supply $28,365 Average Listing Price… Read Article

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New Vehicle Inventory Remains Stuck in Neutral in April 05/18/2022 New vehicle inventory barely budged in April due to continued supply chain disruptions, according to a Cox Automotive analysis of vAuto Available Inventory data. Inventory of imports and small, fuel-efficient models were among the lowest due to strong demand driven in part by rising gas prices. Prices in April rose as well, with the average new vehicle listing price climbing again above $45,000. 1.13M Total Inventoryas… Read Article

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Used Car Dealer Podcast Episode 37: Interview with Randy Kobat, Vice President of Inventory Management Solutions at Cox Automotive 04/19/2022 In this Used Car Dealer Podcast episode, Zach Klempf interviews Randy Kobat, vice president of Inventory Management Solutions at Cox Automotive. Randy discusses the latest developments from NADA, how Upside and Kelley Blue Book Instant Cash Offer help used car dealers, as well as general discussion around inventory management. He also touches on the Cox Automotive Ten Predictions for 2022. Watch this Episode. Listen to the… Read Article

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Weak Spring Sales Buoy Used-Vehicle Supply 04/14/2022 Revised May 19, 2022. The disappointing spring bounce for used-vehicle sales has led to higher inventories than a year ago, though supply edged downward through the month of March, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.53M Total UnsoldUsed Vehiclesas of March 28 42 Days' Supply $27,475 Average Listing Price 69,093 Average Mileage At the start of April, the total supply of… Read Article

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Supply of Fuel-Efficient Models Falls on Higher Gas Prices 04/13/2022 Revised May 18, 2022. The supply of fuel-efficient models, like hybrids, small crossovers and small-to-midsize cars, was the lowest of all segments in March as gas prices soared, according to a Cox Automotive analysis of vAuto Available Inventory data. At the same time, overall new-vehicle inventory edged slightly higher while prices slipped again, staying below $45,000. 1.10M Total Inventoryas of March 28, 2022 34 Days' Supply… Read Article

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Used-Vehicle Sales Gain Momentum, Despite Elevated Prices 03/17/2022 Revised April 14, 2022 – Tax refunds finally are arriving, ushering in the traditional spring bounce for used-vehicle sales, according to the Cox Automotive analysis of vAuto Available Inventory data. Sales of used vehicles, while still pricey, started to heat up the last week of February. 2.62M Total UnsoldUsed Vehiclesas of March 1 54 Days' Supply $27,609 Average Listing Price 70,529 Average Mileage The inventory of… Read Article

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New-Vehicle Supply Edged Higher; Prices Dipped Again 03/16/2022 Revised, April 13, 2022 – New-vehicle inventory edged higher in the last two weeks of February, though days’ supply fell from January, according to a Cox Automotive analysis of vAuto Available Inventory data. Prices slipped again, staying below $45,000. 1.07M Total Inventoryas of Feb. 28, 2022 35 Days' Supply $44,661 Average Listing Price The total U.S. supply of available unsold new vehicles stood at 1.07 million… Read Article

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Manheim and Fyusion Deploying the Wholesale Industry’s Most Advanced Imaging Inside the Auction Gates, Paving the Way to AI-Enhanced Condition Reports 03/07/2022 ATLANTA, March 7, 2022 – Manheim and Fyusion have been working together for years, starting with Manheim Express in 2018, but it wasn’t until Cox Automotive acquired the computer vision leader a little over a year ago that the partnership accelerated. Now, Manheim is deploying Fyusion-powered mobile imaging at all of its locations, giving clients the highest resolution condition report images in the industry. And that’s… Read Article

Inventory Press Releases

Used-Vehicle Supply Rises; Average Listing Price Dips From Record Levels 02/17/2022 Revised March 17, 2022 – Used-vehicle inventory climbed during January to more normal levels on weaker sales, according to the Cox Automotive analysis of vAuto Available Inventory data. The average list price dipped from record levels in December. 2.55M Total UnsoldUsed Vehiclesas of January 31 55 Days' Supply $27,606 Average Listing Price 71,117 Average Mileage The total supply of unsold used vehicles on dealer lots across… Read Article

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Cox Automotive Launches vAuto ProfitTime GPS with the Industry’s First Multichannel Inventory Sourcing System 02/07/2022 ATLANTA, Feb. 7, 2022 – Cox Automotive, an innovative provider of vAuto inventory management technology, tools and business intelligence, today announced its latest innovation, vAuto ProfitTime’s Global Acquisition, the industry’s first multichannel acquisition system to help dealers optimize their inventory sourcing from non-traditional channels. “Acquiring inventory is the No. 1 challenge facing dealers today, and will be for some time to come,” says Dale Pollak, vAuto founder and Cox… Read Article

Inventory Press Releases