Used Vehicle Market Slows Down This Spring
Year to date, the total used-vehicle market is on pace to finish down more than 10% from 2021’s 40.6 million total.
May 19, 2022
Year to date, the total used-vehicle market is on pace to finish down more than 10% from 2021’s 40.6 million total.
May 19, 2022
The overall used-vehicle market is experiencing a weaker spring than expected
May 9, 2022
After including dealer and manufacturer fleet sales, the total fleet share of all sales was 14%, up 2% from April 2021's fleet share.
May 6, 2022
Combined sales into large rental, commercial and government buyers were up over 4% year over year in April.
May 6, 2022
Sales are likely to be slightly less this spring selling season.
April 15, 2022
But they remain off last year's pace because limited new-vehicle inventory has slowed the gently used segment due to fewer trade-ins.
April 15, 2022
At the end of March, the average listing price was $27,246, off record levels in December when it surpassed $28,000. The list price was down some from the end of February when it was a revised $27,609.
April 15, 2022
The second quarter – especially April – will be the strongest part of the year for used vehicle sales and values, and then slow down but not crash.
April 8, 2022
On a month-over-month basis, all major segments saw seasonally adjusted price declines, with pickups declining the most.
April 7, 2022
Fleet share of total sales was 15% in March 2022, up nearly 2% from the March 2021 fleet share, but the number of vehicle sales remained down 11% year over year.
April 7, 2022
Seasonally adjusted rates point to an inventory mix with more newer vehicles, which means fewer affordable options.
March 18, 2022
Cox Automotive is forecasting a strong year for CPO at three million units, an increase year over year and above the record set in 2019.
March 17, 2022
Combined sales into large rental, commercial, and government buyers were down 30% year over year in February. Sales into rental were down 52% YOY.
March 7, 2022
Inventory has improved since last summer’s supply drought, but availability remains well below pre-COVID levels.
February 23, 2022
Despite squeezed supply, the used-vehicle market has been playing a key role in the recovery of the automotive industry.
January 19, 2022
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