Market Insights – Cox Automotive Inc.

Used-Vehicle Inventory, Prices Rise in April on Softening Sales 05/12/2023 The inventory of used vehicles edged higher at the end of April compared to March as the spring selling came to a close and sales slowed. However, supply remains below year-ago levels, according to the Cox Automotive analysis of vAuto Available Inventory data, and days of supply have slipped. Meanwhile, the average listing price climbed to nearly $27,000. 2.11M Total UnsoldUsed Vehiclesas of April 24, 2023… Read Article

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Why Are Prices So High? The Used-Car Factory Was Shut Down. 05/03/2023 Every year many automakers shut down their assembly plants to retool and prepare for the new model year or product changeover. Factory employees love shutdowns because they typically cash in on some overtime hours leading up to the changeover, and they get to enjoy a little vacation time. When COVID-19 hit in the spring of 2020, there was no time for planning or preparation. Factories around… Read Article

used-vehicle inventory Market Insights Commentary & Voices

Used-Vehicle Supply Down and Sales Flat for March 04/14/2023 Revised, May 12, 2023 – The supply of used vehicles is sparse as the spring selling season wraps up this year, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.06M Total UnsoldUsed Vehiclesas of March 27, 2023 44 Days' Supply $26,202 Average Listing Price 69,232 Average Mileage “The supply of used vehicles at dealerships is at its lowest point in our data, which… Read Article

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Spring Selling Season Kicks Off Early With Used-Vehicle Supply Low 03/17/2023 The supply of used vehicles is lean as the spring selling season kicked off early and briskly this year, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.07M Total UnsoldUsed Vehiclesas of Feb. 27, 2023 41 Days' Supply $26,068 Average Listing Price 70,220 Average Mileage “Used-vehicle sales have been up significantly, causing inventory to fall quickly in recent weeks and leaving dealers with… Read Article

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Used-Vehicle Supply is Lean for Spring Selling Season 02/17/2023 The supply of used vehicles is lean as the spring selling season seems to be kicking off early this year, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.21M Total UnsoldUsed Vehiclesas of Jan. 23, 2023 48 Days' Supply $26,510 Average Listing Price 68,994 Average Mileage The total supply of unsold used vehicles on dealer lots, both franchised dealers and independents, across the… Read Article

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Used Vehicles Have Steady Supply, Lower Average Asking Price 01/13/2023 The used-vehicle market has stabilized, resembling the pre-pandemic normal, with inventory holding steady and prices dipping from their record highs, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.32M Total UnsoldUsed Vehiclesas of Dec. 26, 2022 54 Days' Supply $27,143 Average Listing Price 69,418 Average Mileage The total supply of unsold used vehicles on dealer lots, both franchised dealers and independents, across the… Read Article

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Used-Vehicle Prices Keep Falling as Inventory Stabilizes, Sales Drop 12/16/2022 Revised, Jan. 13, 2023 – Used-vehicle asking prices fell again through the month of November to their lowest average since last spring as inventory stabilized and sales fell, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.33M Total UnsoldUsed Vehiclesas of Nov. 28, 2022 54 Days' Supply $27,156 Average Listing Price 69,916 Average Mileage The total supply of unsold used vehicles on dealer… Read Article

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Average Used-Vehicle Asking Price Falls to Lowest Level Since April 11/17/2022 Revised, Dec. 16, 2022 – Used-vehicle asking prices fell throughout the month of October to their lowest average since April as inventory matches pre-pandemic 2019 levels, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.44M Total UnsoldUsed Vehiclesas of Oct. 31, 2022 53 Days' Supply $27,578 Average Listing Price 70,067 Average Mileage The total supply of unsold used vehicles on dealer lots, both… Read Article

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Used-Vehicle Market Stabilizes in Supply and Prices 10/14/2022 Revised, Nov. 17, 2022 – Used-vehicle inventory and asking prices are stabilizing, according to the Cox Automotive analysis of vAuto Available Inventory data. Used supply held steady in September from August and is higher than a year ago. Growth in listing prices is slowing. 2.46M Total UnsoldUsed Vehiclesas of Sept. 26, 2022 53 Days' Supply $28,064 Average Listing Price 70,816 Average Mileage The total supply of… Read Article

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Used-Vehicle Market Remains Resilient, Days’ Supply 30% Higher Than A Year Ago 09/16/2022 Revised, Oct. 14, 2022 – Used-vehicle inventory volume held steady from July to August, as did prices – a sign of market stability, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.46M Total UnsoldUsed Vehiclesas of Aug. 29, 2022 52 Days' Supply $28,064 Average Listing Price 70,816 Average Mileage The total supply of unsold used vehicles on dealer lots, both franchised dealers and… Read Article

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