Market Insights – Cox Automotive Inc.

February New-Vehicle Inventory Climbed While Sales Grew and Prices Retreated 03/16/2023 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 56 Days' Supply $47,326 Average Listing Price The total U.S. supply of available unsold new vehicles stood at 1.80 million units at the end of February, compared with an upwardly… Read Article

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Seismic Shift: The U.S. New-Vehicle Market is Becoming a Luxury Market 02/23/2023 For many current car shoppers, new-vehicle prices are about as enjoyable as a sharp stick in the eye. All the reasons are well documented – supply disruptions, low inventory, new technology, higher interest rates, and automakers focused on high-earning buyers. With the average manufacturer’s suggested retail price (MSRP) now close to $50,000, finding big-ticket items was not difficult recently as our team cruised the 2023 Chicago… 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

Inventory new-vehicle inventory new-vehicle prices Market Insights Data Point

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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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

Inventory new-vehicle inventory new-vehicle prices Market Insights Data Point

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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Still-Low New-Vehicle Inventory Closes July Higher Than Year-Ago Level 08/11/2022 Revised, Sept. 15, 2022 – New-vehicle inventory at the end of July was higher than it was 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. 1.09M Total Inventoryas of July 25, 2022 37 Days' Supply $46,424 Average Listing Price The total U.S. supply of… Read Article

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New-Vehicle Inventory Holds Steady as Asking Prices Retreat at Month’s End 07/14/2022 The average listing price for new vehicles rose throughout June but began to retreat by the end of the month, while inventory held relatively steady, according to Cox Automotive’s analysis of vAuto Available Inventory data. 1.12M Total Inventoryas of July 25, 2022 38 Days' Supply $46,001 Average Listing Price The total U.S. supply of available unsold new vehicles stood at 1.12 million units at the end… Read Article

Inventory new-vehicle inventory new-vehicle prices Market Insights Data Point