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3 min read
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…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
3 min read
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…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
2 min read
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…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
2 min read
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 Aug. 29, 2022 53 Days' Supply $28,064 Average Listing Price 70,816 Average Mileage The total supply of…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
4 min read
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…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
4 min read
Used-Vehicle Supply Holds Steady at Normal Level, Prices Rise
08/12/2022
Revised, Sept. 15, 2022 – Used-vehicle inventory held steady from June to July, while sales – and prices – registered an uptick by month’s end, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.46M Total UnsoldUsed Vehiclesas of July 25, 2022 52 Days' Supply $28,205 Average Listing Price 69,443 Average Mileage The total supply of unsold used vehicles on dealer lots, both franchised…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
3 min read
Used-Vehicle Market Looking More Normal in Inventory as Prices Inch Down
07/14/2022
In contrast to the new-vehicle market, the used-vehicle market is looking more normal with reasonably strong sales, decent inventory and prices that are high but have begun to inch down, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.46M Total UnsoldUsed Vehiclesas of June 27 52 Days' Supply $28,004 Average Listing Price 69,859 Average Mileage “The used-vehicle market is doing just fine,” said…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
3 min read
Asking Prices Inch Down as Used-Vehicle Supply Holds Steady
06/16/2022
Revised, July 14, 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 48 Days' Supply $28,312 Average Listing Price 68,485 Average Mileage “The end of…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
3 min read
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'…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
3 min read
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…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
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