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3 min read
Robust December Sales Draw Down New-Vehicle Inventory to Start the Year
01/16/2025
New-vehicle sales roared at the end of the year, with a strong December finish. Following the resolution of election uncertainties, interest rates began to decline and inventory levels reached their peak for the year. This created an ideal blend of improved consumer sentiment, bigger discounts and evident optimism in the market. New-vehicle sales rose by 6.5% in December compared to November; inventory fell by 8.5% during…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
3 min read
New-Vehicle Inventory at Start of December Modestly Higher, as Sales Pace Indicates Santa is Coming
12/19/2024
November saw another month of increased sales pace as consumers and dealers alike expressed optimism and confidence in the economy and vehicle availability. Inventory increased by just over 8,700 units through the month of November. Sales increased by 6.5%, with 67,000 more units sold in November compared to October. 3.15M Total Inventoryas of Dec. 5, 2024 85 Days' Supply $48,978 Average Listing Price According to an…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
3 min read
New-Vehicle Inventory Tops 3 Million for the First Time Since the Pandemic Even as Sales Gain Momentum
11/14/2024
The election is over and decisive. Consumer sentiment, according to Morning Consult, has improved for five straight months and is at the highest level in three and a half years. Indeed, October sales in the automotive industry saw an increase of 13% over the same time last year, and yet, new-vehicle inventory continues to rise. As the year winds down, we’re seeing some interesting trends in…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
4 min read
With Steady Sales, New-Vehicle Inventory Begins to Look and Feel “Normal”
10/17/2024
This has been the year of automotive market “blips.” In just the last four months, we have seen an industry-wide disruption due to a cyber breach, two major hurricanes within two weeks of each other, and significant selling-day variations in the last two months. And let’s not forget business disruptions in both factories and the major ports of the East and Gulf coast, several key model…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
3 min read
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…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
3 min read
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…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
3 min read
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…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
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…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
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…
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Inventory
new-vehicle inventory
new-vehicle prices
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
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