Market Insights – Cox Automotive Inc.

Asking Prices Inch Down as Used-Vehicle Supply Holds Steady 06/16/2022 In contrast to new vehicles that are seeing rising prices, the average listing price of used vehicles has begun to inch down ever so slightly as supply holds relatively steady, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.47M Total UnsoldUsed Vehiclesas of May 30 42 Days' Supply $28,312 Average Listing Price 68,377 Average Mileage “The end of May showed interesting and divergent… Read Article

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Used-Vehicle Supply Holds Steady as Asking Prices Rise 05/19/2022 Revised, June 16, 2022 – A spring sales bounce that has been late coming and more spread out than expected has now led to used-vehicle supply holding largely steady in April, according to the Cox Automotive analysis of vAuto Available Inventory data. The average retail list price, however, resumed its upward trajectory, surpassing the $28,000 mark again. 2.52M Total UnsoldUsed Vehiclesas of May 2 42 Days'… Read Article

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Weak Spring Sales Buoy Used-Vehicle Supply 04/14/2022 Revised May 19, 2022 – The disappointing spring bounce for used-vehicle sales has led to higher inventories than a year ago, though supply edged downward through the month of March, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.53M Total UnsoldUsed Vehiclesas of March 28 42 Days' Supply $27,475 Average Listing Price 69,093 Average Mileage At the start of April, the total supply… Read Article

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Used-Vehicle Sales Gain Momentum, Despite Elevated Prices 03/17/2022 Revised April 14, 2022 – Tax refunds finally are arriving, ushering in the traditional spring bounce for used-vehicle sales, according to the Cox Automotive analysis of vAuto Available Inventory data. Sales of used vehicles, while still pricey, started to heat up the last week of February. 2.62M Total UnsoldUsed Vehiclesas of March 1 54 Days' Supply $27,609 Average Listing Price 70,529 Average Mileage The inventory of… Read Article

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Used-Vehicle Supply Rises; Average Listing Price Dips From Record Levels 02/17/2022 Revised March 17, 2022 – Used-vehicle inventory climbed during January to more normal levels on weaker sales, according to the Cox Automotive analysis of vAuto Available Inventory data. The average list price dipped from record levels in December. 2.55M Total UnsoldUsed Vehiclesas of January 31 55 Days' Supply $27,606 Average Listing Price 71,117 Average Mileage The total supply of unsold used vehicles on dealer lots across… Read Article

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Used-Vehicle Days’ Supply Breaks 50; Average Listing Price Surpasses $28,000 01/20/2022 Revised, Feb. 17, 2022 – Used-vehicle inventory rose in December with the days’ supply hitting 51 for the first time since January 2021, and the average listing price exceeding $28,000 for the first time ever, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.38M Total UnsoldUsed Vehiclesas of December 27 51 Days' Supply $28,193 Average Listing Price 69,826 Average Mileage The total supply… Read Article

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Used-Vehicle Inventory Edges Higher; Average List Price Surpasses $27,000 12/16/2021 Used-vehicle inventory inched slightly higher in November as the average listing price climbed past $27,000 for the first time, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.31M Total UnsoldUsed Vehiclesend of November 44 Days' Supply $27,569 Average Listing Price 68,482 Average Mileage The total supply of unsold used vehicles on dealer lots across the U.S. edged higher to 2.31 million units at… Read Article

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Used-Vehicle Inventory Edges Lower; Average Price Just Shy of $27,000 11/22/2021 Revised, Dec. 16, 2021 – Used-vehicle inventory edged slightly lower in October as the average listing price kept climbing, now just shy of $27,000, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.25M Total UnsoldUsed Vehiclesend of October 41 Days' Supply $26,976 Average Listing Price 68,193 Average Mileage The total supply of unsold used vehicles on dealer lots across the U.S. fell to 2.25… Read Article

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Used-Vehicle Inventory Improves; Prices Approaching $27,000 10/21/2021 Revised, Nov. 22, 2021 – Used-vehicle inventory improved modestly in September as the average listing price kept climbing, now approaching nearly $27,000, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.28M Total UnsoldUsed Vehiclesend of September 42 Days' Supply $26,548 Average Listing Price 67,384 Average Mileage The total supply of unsold used vehicles on dealer lots across the U.S. edged higher to 2.28… Read Article

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Still Tight Used-Vehicle Inventory Pushes Prices Higher 09/21/2021 Revised Oct. 21, 2021 –The average listing price for used vehicles set another record in August as vehicle inventory dipped, according to the Cox Automotive analysis of vAuto Available Inventory data. Though available supply fell, days’ supply held steady throughout August because sales slowed. 2.27M Total UnsoldUsed Vehiclesend of August 38 Days' Supply $25,890 Average Listing Price 67,811 Average Mileage “The lack of supply in the… Read Article

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