Used Vehicles: Inventory Rises and Days' Supply Drops Amid …

Nov 18, 2024 · The Cox Automotive days’ supply is based on the estimated daily retail sales rate for the most recent 30-day period. In early November, the days’ supply was 45, down three …

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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 …

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Used Vehicle Inventory Remains Flat As Sales And Prices Rise

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Dec 24, 2024 · Regardless, used vehicle affordability remains a major issue, particularly when we look at inventory levels by price point. Used vehicles priced under $15,000 stood at a 34 days’ …

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Used Vehicle Inventory Tightens As Year Ends

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Dec 19, 2023 · As with new cars, and as has been the case for months, the lower the price segment, the tighter the inventory. Used vehicles priced under $10,000 had a days’ supply of …

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November 2024 | VinAudit

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New car prices hold steady, despite a slight rise in inventory, while used car prices declined by 1.6%, reflecting shifting consumer demand amid the growing supply of new vehicles. Used …

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Surplus Inventory Slightly Drives Down New-Car Prices As Used …

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Oct 21, 2024 · "The automotive market is undergoing an adjustment as new-car prices declined, with a 1.5% year-over-year drop in September driven by significant inventory surpluses, …

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How Long Will The Off-lease Shortfall Squeeze Used Car Supply?

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Sep 30, 2024 · The good news: While the used car market grapples with tight supply, new car inventory is bouncing back. New vehicle inventories are up 40% from a year ago—the highest …

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Used-Vehicle Days’ Supply Breaks 50; Average Listing Price …

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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 …

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King Of Kings Used Cars - North Bergen, NJ - CarGurus

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Up to $14 cash back · King of Kings Used Cars - 31 Cars for Sale. 8203 John F. Kennedy Blvd North Bergen, NJ 07047 Map & directions https://www.kingofkingsusedcars.com. Sales: (201) …

FAQs about Used Vehicles: Inventory Rises and Days' Supply Drops Amid … Coupon?

How many used cars were in stock in December?

In December, non-franchised dealers had 1.03 million used vehicles in stock for a 55 days’ supply. The average price of a used vehicle was $24,998, up from $24,585 in November, with an average mileage of 79,248, up from 78,267. ...

How did the used vehicle listing price compare to 2019?

The average used-vehicle listing price was 42% higher than at the end of 2019. In December 2021, it was up 28% compared with the same month in the previous year. Franchised dealers had 1.35 million used vehicles in inventory for a 48 days’ supply, compared with 1.29 million vehicles in November 2021 for a 41 days’ supply. ...

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 many days of supply does a car have?

The segments ranging from $10,000 to $25,000 had between 46 and 48 days' supply. The category of $25,000 to $30,000 had the most supply with over 1 million vehicles in stock for 52 days of supply. Price categories above $30,000 also had days’ supply over 50. ...