Market Insights – Cox Automotive Inc.

Used-Vehicle Supply Drops on Strong Sales 09/08/2023 Used-vehicle inventory declined throughout August on stronger sales, according to the Cox Automotive analysis of vAuto Available Inventory data. The total supply of unsold used vehicles on dealer lots – franchised and independent – across the U.S. stood at 2.25 million units at the beginning of September, down less than 7,500 units from the supply at the end of July. Still, inventory was down 9%, or… Read Article

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Used-Vehicle Inventory Hits High Point for the Year, As Sales Edge Higher on Lower Prices 08/11/2023 Used-vehicle inventory in July hit a new high for the year, according to the Cox Automotive analysis of vAuto Available Inventory data. And while volume reached a year-to-date high, the used-vehicle market saw prices and days’ supply decrease as sales rose for the second consecutive month. 2.25M Total UnsoldUsed Vehiclesas of July 31, 2023 45 Days' Supply $27,028 Average Listing Price 69,950 Average Mileage The total… Read Article

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Used-Vehicle Inventory, Prices Hold Steady as Sales Edge Higher 07/14/2023 The used-vehicle market has shed the volatility seen during the pandemic and chip shortage, with inventory and prices holding rather steady, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.22M Total UnsoldUsed Vehiclesas of June 26, 2023 47 Days' Supply $27,147 Average Listing Price 71,431 Average Mileage The total supply of unsold used vehicles on dealer lots – franchised and independent – across… Read Article

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Used-Vehicle Inventory Increases, Prices Rise Above $27,000 in May but Remain Down Year Over Year 06/16/2023 Revised, July 14, 2023 – The inventory and days of supply of used vehicles edged higher at the end of May from April, and the average listing price climbed past the $27,000 mark, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.20M Total UnsoldUsed Vehiclesas of May 29, 2023 49 Days' Supply $27,270 Average Listing Price 70,223 Average Mileage The total supply of… Read Article

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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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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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