Market Insights – Cox Automotive Inc.

Used-Vehicle Market Remains Resilient, Days’ Supply 30% Higher Than A Year Ago 09/16/2022 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 49 Days' Supply $28,061 Average Listing Price 70,845 Average Mileage The total supply of unsold used vehicles on dealer lots, both franchised dealers and independents, across the U.S. stood… Read Article

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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… Read Article

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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… Read Article

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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… 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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No, Used-Vehicle Values Are Not Going to Crash 01/11/2022 Our team held the quarterly Manheim Used Vehicle Value Index call last week. We reviewed the used-vehicle market performance through the final quarter of 2021 and provided our forward-looking view of the market into 2022. A key topic in the discussion, of course, was the elephant in the room: Has the recent run-up of used-vehicle prices set the market up for a crash in 2022? There… 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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Notes From The Q3 2021 Manheim Used Vehicle Value Index Report 10/22/2021 During the Q3 2021 Manheim Used Vehicle Value Index call held earlier this month, we covered a significant amount of material. The Q&A session was robust, which we appreciate, and we ran out of time due to the volume of questions. While reviewing the remaining questions, we noticed that most fell into four major categories: weakening sales, pricing, off-lease volumes and certified pre-owned. After some collaboration… Read Article

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