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7 min read
Gas Prices Played a Role in Still-Low New-Vehicle Inventory in May 06/16/2022 New-vehicle inventory remained at the same level it has been for months, according to Cox Automotive’s analysis of vAuto Available Inventory data, despite comments from some automotive executives that the global computer chip shortage is easing, and vehicle production is resuming to normal levels. 1.13M Total Inventoryas of May 30, 2022 34 Days' Supply $45,495 Average Listing Price As gas prices surged to record levels, inventory… Read Article
new-vehicle prices Inventory new-vehicle inventory Market Insights Data Point
6 min read
New-Vehicle Inventory Remains Stuck in Neutral in April 05/18/2022 Revised, June 16, 2022 – New-vehicle inventory barely budged in April due to continued supply chain disruptions, according to a Cox Automotive analysis of vAuto Available Inventory data. Inventory of imports and small, fuel-efficient models were among the lowest due to strong demand driven in part by rising gas prices. Prices in April rose as well, with the average new vehicle listing price climbing again above… Read Article
new-vehicle prices Inventory new-vehicle inventory Market Insights Data Point