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3 min read
Used-Vehicle Inventory, Prices Rise in April on Softening Sales
05/12/2023
The inventory of used vehicles edged higher at the end of April compared to March as the spring selling came to a close and sales slowed. However, supply remains below year-ago levels, according to the Cox Automotive analysis of vAuto Available Inventory data, and days of supply have slipped. Meanwhile, the average listing price climbed to nearly $27,000. 2.11M Total UnsoldUsed Vehiclesas of April 24, 2023…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
6 min read
New-Vehicle Inventory Increases Again in April, Supporting Stronger Sales
05/11/2023
New-vehicle inventory closed April up from a month earlier to its highest level in two years, supporting surprisingly brisk sales, according to Cox Automotive’s analysis of vAuto Available Inventory data. Meanwhile, days of supply dipped on higher sales. The average listing price of a new vehicle returned to above $47,000 in April. 1.90M Total Inventoryas of April 24, 2023 53 Days' Supply $47,409 Average Listing Price…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
3 min read
Used-Vehicle Supply Down and Sales Flat for March
04/14/2023
Revised, May 12, 2023 – The supply of used vehicles is sparse as the spring selling season wraps up this year, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.06M Total UnsoldUsed Vehiclesas of March 27, 2023 44 Days' Supply $26,202 Average Listing Price 69,232 Average Mileage “The supply of used vehicles at dealerships is at its lowest point in our data, which…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
5 min read
New-Vehicle Inventory Rises to Highest Level in Two Years
04/13/2023
Revised, May 11, 2023 – New-vehicle supply closed March at its highest level in two years despite surprisingly brisk sales, according to Cox Automotive’s analysis of vAuto Available Inventory data. Days of supply has remained relatively steady while the average listing price edged lower. 1.89M Total Inventoryas of March 27, 2023 57 Days' Supply $46,949 Average Listing Price The total U.S. supply of available unsold new…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
3 min read
Spring Selling Season Kicks Off Early With Used-Vehicle Supply Low
03/17/2023
The supply of used vehicles is lean as the spring selling season kicked off early and briskly this year, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.07M Total UnsoldUsed Vehiclesas of Feb. 27, 2023 41 Days' Supply $26,068 Average Listing Price 70,220 Average Mileage “Used-vehicle sales have been up significantly, causing inventory to fall quickly in recent weeks and leaving dealers with…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
5 min read
February New-Vehicle Inventory Climbed While Sales Grew and Prices Retreated
03/16/2023
Revised, April 13, 2023 – New-vehicle supply closed February higher than it ended January despite surprisingly strong sales, according to Cox Automotive’s analysis of vAuto Available Inventory data. The average listing price edged lower. 1.80M Total Inventoryas of Feb. 27, 2023 57 Days' Supply $47,257 Average Listing Price The total U.S. supply of available unsold new vehicles stood at 1.80 million units at the end of…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
1 min read
Used Car Dealer Podcast Episode 48: Interview with Dale Pollak, vAuto Founder and EVP at Cox Automotive
03/13/2023
In this Used Car Dealer Podcast episode, Zach Klempf interviews Dale Pollak, Founder, vAuto and EVP, Cox Automotive. Dale discusses trends in the used vehicle market, as well as why now is the time for dealers to move from Velocity to Variable Management. He also touches on how vAuto’s ProfitTime GPS helps dealers implement a variable inventory management strategy. Watch the Episode.
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Inventory
used-car inventory
ProfitTime
News Coverage
2 min read
Used-Vehicle Supply is Lean for Spring Selling Season
02/17/2023
The supply of used vehicles is lean as the spring selling season seems to be kicking off early this year, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.21M Total UnsoldUsed Vehiclesas of Jan. 23, 2023 48 Days' Supply $26,510 Average Listing Price 68,994 Average Mileage The total supply of unsold used vehicles on dealer lots, both franchised dealers and independents, across the…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
4 min read
New-Vehicle Inventory Edged Lower; Listing Prices Stabilize
02/16/2023
Revised, March 16, 2023 – New-vehicle inventory edged lower in January from December but remained significantly higher than a year ago, according to Cox Automotive’s analysis of vAuto Available Inventory data. 1.75M Total Inventoryas of Jan. 23, 2023 58 Days' Supply $47,521 Average Listing Price The total U.S. supply of available unsold new vehicles stood at a upwardly revised 1.75 million units near the end of…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
3 min read
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…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
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