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2 min read
Tax Refund Season Draws To A Close With Retail Used-Vehicle Sales Up More Than 5% Year Over Year
04/19/2024
Used-vehicle inventory levels at the start of April were lower than in March, according to the Cox Automotive analysis of vAuto Live Market data, as healthy sales fueled by tax refunds drew supply down to the lowest level since the spring of 2023. 2.22M Total UnsoldUsed Vehiclesas of April 4, 2024 44 Days' Supply $25,540 Average Listing Price 69,232 Average Mileage The total supply of…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
2 min read
New-Vehicle Inventory Increases While Steady Sales Pull Down Days’ Supply
04/18/2024
April opened with 72 days of new-vehicle supply across the industry, down seven days from the start of March, as higher volumes in recent weeks helped to keep inventory in check. According to Cox Automotive’s analysis of vAuto Live Market View, the total U.S. supply of available unsold new vehicles opened April at 2.77 million units. That is 870,000 units – or 46% – above a…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
2 min read
Spring Fever and Tax Refund Season Boost Used Retail Sales and Drop Days’ Supply to 46
03/15/2024
Updated, April 19, 2024 – Used-vehicle inventory opened March at the lowest level since October 2023, according to the Cox Automotive analysis of vAuto Live Market View data. 2.27M Total UnsoldUsed Vehiclesas of March 4, 2024 46 Days' Supply $25,121 Average Listing Price 70,053 Average Mileage The total supply of unsold used vehicles on dealer lots – franchised and independent – across the U.S. stood at…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
3 min read
Brisk February Sales Drew Down New-Vehicle Inventory
03/14/2024
March opened with 76 days of supply across the industry, as brisk February sales drew down new-vehicle inventory as measured in days' supply, according to Cox Automotive’s analysis of vAuto Live Market View data. 2.74M Total Inventoryas of March 4, 2024 76 Days' Supply $47,285 Average Listing Price The total U.S. supply of available unsold new vehicles opened March at 2.74 million units. That is 942,000…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
2 min read
Used-Vehicle Supply and Average Listing Price Declined in January
02/16/2024
Used-vehicle inventory opened February at lower levels than it closed 2023, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.33M Total UnsoldUsed Vehiclesas of Feb. 5, 2024 49 Days' Supply $25,638 Average Listing Price 69,240 Average Mileage The total supply of unsold used vehicles on dealer lots – franchised and independent – across the U.S. stood at 2.33 million units as February opened,…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
3 min read
New-Vehicle Inventory Hits 80 Days of Supply
02/15/2024
February opened with 80 days of new-vehicle supply across the industry, the highest since June 2020, according to Cox Automotive’s analysis of vAuto Available Inventory data. 2.61M Total Inventoryas of Feb. 2, 2024 80 Days' Supply $47,142 Average Listing Price At the start of February, the total U.S. supply of available unsold new vehicles was 2.61 million units. That is 870,000 units – or 50% –…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
2 min read
Used-Vehicle Supply Closed 2023 at the Highest Levels of the Year
01/19/2024
Used-vehicle inventory closed 2023 at the highest levels of the year, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.39M Total UnsoldUsed Vehiclesas of Jan. 1, 2024 56 Days' Supply $26,446 Average Listing Price 68,794 Average Mileage The total supply of unsold used vehicles on dealer lots – franchised and independent – across the U.S. stood at 2.39 million units at the close…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
4 min read
New-Vehicle Inventory Remains in Check to Start 2024
01/18/2024
Strong December sales pulled down the new-vehicle inventory measure of days' supply for the start of 2024, according to Cox Automotive’s analysis of vAuto Available Inventory data. While the sheer volume of new vehicles in inventory was higher at the end of December than at the start, the days of supply, which is based on a daily sales rate, fell from 73 to 70. 2.66M Total…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
3 min read
Used-Vehicle Inventories Remain Tight in Final Month of 2023
12/15/2023
Used-vehicle inventory volume at the start of December, at 2.36 million units, was higher by 2.4% than in early November. Still, days’ supply fell month over month, indicating used-vehicle sales growth outpaced inventory growth last month, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.36M Total UnsoldUsed Vehiclesas of Dec. 4, 2023 52 Days' Supply $26,091 Average Listing Price 70,368 Average Mileage Compared…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
4 min read
New-Vehicle Inventory Surpasses 2.5 Million Units, 71 Days’ Supply
12/14/2023
December opened with new-vehicle inventory at the highest level since early spring of 2021, according to Cox Automotive’s analysis of vAuto Available Inventory data. Supply surpassed 2.5 million units and 71 days’ supply for the first time in two years. 2.56M Total Inventoryas of Dec. 6, 2023 71 Days' Supply $47,456 Average Listing Price Mounting inventory and slowing sales have prompted some automakers to cut production…
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Inventory
new-vehicle inventory
new-vehicle prices
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