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Used Vehicle Inventory, Sales, Supply, Prices Holding Steady

Automotive Fleet

Graphic: Cox Automotive Used-vehicle inventory levels at the start of June dropped slightly month over month , but inventory was relatively flat compared to early June 2024, according to a Cox Automotive analysis of vAuto Live Market View data released June 13. Used retail were at 1.53 million reported in April.

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Car Pros Honda El Monte: A Top Honda Dealership U.S. 2024 Award

AutoSuccess

Car Pros Honda El Monte earned the distinction of being a top Honda dealership in the U.S. Dealership Achieves Unprecedented Growth Car Pros Honda El Monte joined Car Pros Automotive Group in 2019. For the fifth consecutive year, Car Pros Kia Glendale ranked no. 1 in new Kia retail sales nationwide.

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Car Pros Dealerships Recognized for Sales, Customer Service

AutoSuccess

For the fifth consecutive year, Car Pros Kia Glendale ranked no. 1 in new Kia retail sales in the nation. MINI ofDowntown Los Angeles, which Car Pros acquired in 2023, secured the no. 1 spot inSouthern California, while Car Pros Honda El Monte was recognized as the no. 22 retail sales volume Honda dealer in the nation.

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Q3 marked ‘return to normalcy’ for used-car retail prices

Auto Remarketing

When it comes to used-car retail prices, the third quarter pointed to a “return to normalcy,” a trend that was particularly evident by this metric: late-model used cars have prices that are “notably below” those of new vehicles. drop in used vehicle prices compared to the typical 0.7% year-over-year drop.

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Used-car sales pick up pace after slow start to 2024

Auto Remarketing

The retail used-car market, including the certified pre-owned segment, showed some real strength last month, improving from both year-ago and January figures. Citing data from its vAuto business unit, Cox Automotive estimated that used-vehicle retail sales in February climbed 18% month-over-month and 5% year-over-year.

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Supply and demand shows up in rising used-car prices

Auto Remarketing

And as the law of supply and demand decrees, used car prices are beginning to rise, according to CarGurus’ August 2024 Intelligence Report , released this week. The report showed used-car inventory levels down in August for the third consecutive month, dropping 2% below last year and 7.4% below August 2022 levels.

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Edmunds: Availability of affordable used cars grows in Q1

Auto Remarketing

Edmunds director of insights Ivan Drury highlighted multiple tailwinds that could help the retailing of used cars. The return of holdout buyers should help bolster the supply of more affordable, older used vehicles. The average trade-in age for used vehicles increased to 9.4 What does it mean for used-car sales?

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