Cox Automotive Inc.
3 min read
Used-Vehicle Inventory Increased Month Over Month, Despite Healthy Sales, Lower Listing Prices 09/20/2024 According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of September were higher than in August. 2.18M Total UnsoldUsed Vehiclesas of Sept. 5, 2024 42 Days' Supply $25,172 Average Listing Price 70,950 Average Mileage As September opened, the total supply of used vehicles on dealer lots – franchised and independent – across the U.S. was at 2.18 million units,… Read Article
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New-Vehicle Inventory Stabilizes as Sales Incentives Increase and Model Year 2025 Vehicles Arrive 09/19/2024 According to the most recent analysis of vAuto Live Market View data, sales volume and days’ supply average have stabilized following two months of reporting volatility. An industry-wide disruption caused by a cyber breach at a widely used dealer management system (DMS) supplier created fluctuations in reporting across Cox Automotive’s data sets. 2.84M Total Inventoryas of Sept. 5, 2024 77 Days' Supply $46,841 Average Listing Price… Read Article
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Notable Increase in Reported Sales Drives Used-Vehicle Inventory Lower in July 08/16/2024 The dealer management system (DMS) outage that disrupted sales and inventory reporting over the previous month continues to create volatility in our reporting. As of the end of June, the impacts ended up inflating days’ supply levels and lowering sales, and that is now unwinding and delivering a great deal of variability for those data series but in the other direction as we see the full… Read Article
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New-Vehicle Inventory Remains Stable, While Days’ Supply Reporting Is Bumpy Due to DMS Outage 08/15/2024 Revised, Sept. 19, 2024 – An industry-wide disruption in June, due to a cyber breach at a widely used dealer management system (DMS) supplier, has created volatility in reporting of sales and days’ supply across Cox Automotive’s data sets. This is revealed in a new-vehicle days’ supply of 70 at the start of August, representing a significant drop of 42% from last month’s report, according to… Read Article
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2 min read
Used-Vehicle Inventory Decreased Month Over Month as Software Outage Slows Sales and Reporting 07/19/2024 Updated, Aug. 16, 2024 – According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of July were lower than in June, as a widely used dealer management system (DMS) outage disrupted sales and inventory reporting. 2.21M Total UnsoldUsed Vehiclesas of July 8, 2024 55 Days' Supply $25,163 Average Listing Price 70,555 Average Mileage As July opened, the… Read Article
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Signs of Widespread Software Outage Revealed in June Inventory Data 07/18/2024 Updated, Aug. 8, 2024 – In June, a cyber breach at a widely used dealer management system (DMS) supplier heavily impacted the automotive industry. This disruption clearly slowed sales and reporting in the second half of the month, pushing the new-vehicle days’ supply at the start of July to 120 days, according to Cox Automotive’s analysis of vAuto Live Market View data. Days’ supply of 120… Read Article
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2 min read
Used-Vehicle Inventory Decreased Month Over Month After Stronger Than Expected May Sales 06/14/2024 Used-vehicle inventory levels at the start of June were slightly lower than in May, according to an analysis of Cox Automotive’s vAuto Live Market View data, as sales picked back up in May after a slowdown in April following an unexceptional tax refund season. 2.26M Total UnsoldUsed Vehiclesas of June 3, 2024 45 Days' Supply $25,670 Average Listing Price 69,773 Average Mileage The total supply of used vehicles… Read Article
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4 min read
New-Vehicle Inventory Increases as 2025 Model Years Begin to Arrive; Automakers Take Notice 06/13/2024 After starting slow, May new-vehicle sales picked up toward the end of the month as expected with the Memorial Day holiday, one of the larger selling holidays for the automotive market. Spurred in part by higher sales, new-vehicle days’ supply declined four days at the start of June to 74 days, according to an analysis of Cox Automotive’s vAuto Live Market View data. 2.89M Total Inventoryas… Read Article
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2 min read
Used-Vehicle Inventory Increases Month Over Month After Unremarkable Spring Bounce 05/17/2024 Used-vehicle inventory levels at the start of May were higher than in April, according to the Cox Automotive analysis of vAuto Live Market data, as sales fueled by tax refunds slowed. In all, the tax refund season – oftentimes a lift for the used-vehicle market – was unremarkable in 2024, delivering a muted “spring bounce.” 2.27M Total UnsoldUsed Vehiclesas of May 2, 2024 48 Days' Supply $25,571… Read Article
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3 min read
Days’ Supply Increases Month over Month at Start of May, as More Brands See Higher Inventory Levels 05/16/2024 Despite generally healthy sales in April, brands with 100+ average days’ supply pulled the average days’ supply up two days at the start of May to 76 days, according to Cox Automotive’s analysis of vAuto Live Market View data. One month ago, at the start of April, days’ supply stood at 74. 2.84M Total Inventoryas of May 2, 2024 76 Days' Supply $47,433 Average Listing Price… Read Article
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