Used Vehicle Inventory Remains Flat As Sales And Prices Rise

4 days ago · Used vehicle inventory in the U.S. remains flat as sales and prices rise, while more affordable models continue to prove difficult to find. ... Used Vehicle Inventory Remains Flat As …

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Used-Vehicle Inventory Increases To Start November, Days’ Supply …

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Nov 14, 2024 · This trend indicates that used-vehicle inventory is tighter despite the monthly rise in vehicles listed. The average used-vehicle listing price was $25,499, up from the revised …

coxautoinc.com

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Will Used Car Prices Go Up Or Down In 2025? | Rateworks

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Nov 26, 2024 · In 2023 alone, nearly one-fifth of cars sold were electric vehicles. And sales are on the rise, going up about 35% year over year. That’s substantially higher than what we saw …

rateworks.com

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Used Vehicle Inventory Rises Despite Lower Prices, Higher Sales

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Sep 23, 2024 · The average used-vehicle listing price was $25,172, down from the revised $25,425 at the start of August and 6% from a year earlier. The decrease in the average listing …

automotive-fleet.com

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New-car Prices, Used Inventory Shortages Drive Stability In Used-car ...

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Nov 5, 2024 · The report showed the average used-vehicle list price on the Cars.com platform (currently at $28,882) has been virtually flat throughout 2024, while the Cars.com New Car …

autoremarketing.com

FAQs about Used Vehicle Inventory Remains Flat As Sales And Prices Rise Coupon?

Why are new vehicle inventories so low?

But inventories inched up for the wrong reason: New vehicle retail sales plunged 24% year-over-year in December, to just 1.40 million vehicles, and thereby out-plunged production that to this day is struggling with the semiconductor shortage. There’s a circularity here. ...

Is inventory still short?

But inventory is still desperately short, after having collapsed by 76% from an average of 3.66 million vehicles in 2019 to just 886,000 vehicles in September, which was the low point of the year. ...

Is used vehicle supply above normal?

Used vehicle supply already above normal amid weak sales. By Wolf Richter for WOLF STREET. The number of new vehicles in inventory on dealer lots rose to 1.098 million vehicles in December, the fourth month in a row of increases, and the highest inventory level since July, according to data from Cox Automotive. ...

How do new cars affect the used market?

The pricing and availability of new cars often ripple into the used market. If new cars remain expensive or hard to find, buyers may continue turning to used options, sustaining demand and prices. Consumer preferences are shifting toward electric vehicles (EVs) and affordable options. ...

Is there inventory on a big dealer lot?

Normally, there’s plenty of inventory perfectly lined up and gleaming on huge dealer lots. Vehicles are being advertised in every media outlet with big discounts as dealers compete with each other to get another vehicle off the lot. Sales are a day-to-day battle, and they’re all trying to move the iron. ...

How will supply constraints affect used car prices?

If supply constraints persist or demand for affordable vehicles increases, used car prices could continue to climb. Supply chain issues, particularly in sourcing critical components like chips, might slow the production of new vehicles, keeping the market tight. ...