new-vehicle inventory Archives

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… Read Article

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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… Read Article

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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… Read Article

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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… Read Article

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Inventory Build-Up Suggests Incentives May Be Coming 01/12/2023 Revised, Feb. 16, 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… 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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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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Are New-Vehicle Prices Falling? It Depends on Where You Look. 10/31/2022 The fall is one of the best times of the year for sports fans: the World Series, NFL and college football, and the beginning of the NBA basketball season. And fans can’t miss the steady stream of automotive commercials during every TV time-out. The one question on the minds of today’s new-car shoppers watching these auto ads is, “When will I be able to find a… 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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New-Vehicle Inventory Closes August at Highest Level Since June 2021 09/15/2022 Revised, Oct. 14, 2022 – New-vehicle inventory closed August higher than it did a year ago, when the global computer chip shortage began hurting production, but supply remains low compared with pre-pandemic times, according to Cox Automotive’s analysis of vAuto Available Inventory data. After bumping around through the month, the average listing price closed August about where it was at the end of July. 1.23M Total… Read Article

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