used-vehicle inventory Archives

Notable Increase in Reported Sales Drives Used-Vehicle Inventory Lower in July 08/16/2024 The dealer management system (DMS) outage that disrupted sales and inventory reporting over the previous month continues to create volatility in our reporting. As of the end of June, the impacts ended up inflating days’ supply levels and lowering sales, and that is now unwinding and delivering a great deal of variability for those data series but in the other direction as we see the full… Read Article

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Used-Vehicle Inventory Decreased Month Over Month as Software Outage Slows Sales and Reporting 07/19/2024 Updated, Aug. 16, 2024 – According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of July were lower than in June, as a widely used dealer management system (DMS) outage disrupted sales and inventory reporting. 2.21M Total UnsoldUsed Vehiclesas of July 8, 2024 55 Days' Supply $25,163 Average Listing Price 70,555 Average Mileage As July opened, the… Read Article

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Used-Vehicle Inventory Decreased Month Over Month After Stronger Than Expected May Sales 06/14/2024 Used-vehicle inventory levels at the start of June were slightly lower than in May, according to an analysis of Cox Automotive’s vAuto Live Market View data, as sales picked back up in May after a slowdown in April following an unexceptional tax refund season. 2.26M Total UnsoldUsed Vehiclesas of June 3, 2024 45 Days' Supply $25,670 Average Listing Price 69,773 Average Mileage The total supply of used vehicles… Read Article

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Used-Vehicle Inventory Increases Month Over Month After Unremarkable Spring Bounce 05/17/2024 Used-vehicle inventory levels at the start of May were higher than in April, according to the Cox Automotive analysis of vAuto Live Market data, as sales fueled by tax refunds slowed. In all, the tax refund season – oftentimes a lift for the used-vehicle market – was unremarkable in 2024, delivering a muted “spring bounce.” 2.27M Total UnsoldUsed Vehiclesas of May 2, 2024 48 Days' Supply $25,571… Read Article

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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… Read Article

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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… Read Article

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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,… Read Article

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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… Read Article

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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… Read Article

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Used-Vehicle Inventory Remains Limited to Start November 11/10/2023 Used-vehicle inventory volume at the start of November was slightly higher than in early October but days’ supply remained flat, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.30M Total UnsoldUsed Vehiclesas of Nov. 6, 2023 49 Days' Supply $26,533 Average Listing Price 69,971 Average Mileage The total supply of unsold used vehicles on dealer lots across the U.S. – franchised and… Read Article

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