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Used Vehicle Affordability and Inventory Look Steady

June figures show that for the first time this year, days’ supply of used vehicles is nearly flat compared to levels seen in 2019.

Enough vehicles are sitting on lots as vehicle days’ supply hovers above last year’s levels, and sales volume lingers well below available inventory.

Wholesale appreciation trends have been more volatile over Q2 as tariffs affected new sales and supply, and the used marketplace.

The electric vehicle market looked like a grab bag of trends as industry pressures and market dynamics shift.

The key metrics of the used vehicle market are either slightly down or barely up, but affordability remains a challenge.

While the market digests the impact of tariffs, it could see slightly higher levels of wholesale depreciation over the summer.

April figures show an electric vehicle market facing several challenges that reflect broader economic trends.

As the effects of the “spring bounce” and initial pull ahead from tariffs diminished, sales decreased in April.

Consumer confidence plunges worse than expected across leading indexes after tariffs and added import duties seep into automotive markets.

News•by News/Media Release•April 10, 2025

As April opened, the total supply of new vehicles on dealer lots across the U.S. was down 10%+ and counting with days' supply down to 10.