The total supply of unsold used vehicles is up 7% from a year ago.
Days’ supply is down 16% compared to the start of the year.
The average used-vehicle listing price is down 4% year over year.
Total Unsold Vehicles*
Month
Amount
November
2.36M
December
2.39M
January
2.33M
Average Mileage*
Month
Amount
November
70,368
December
69,794
January
69,240
Days’ Supply*
Month
# of Days
November
52
December
56
January
49
Average Listing Price*
Month
Amount
November
$26,553
December
$26,446
January
$25,638
Used Vehicle Value Index**
Month
Value
November
205
December
209.1
January
202.1
Average Trade-In Equity***
Month
Amount
November
$8,501
December
$8,521
January
$8,345
“EV talk is everywhere, and now even in the used-vehicle days’ supply discussion. Used EV sales increased enough in January to help drive days’ supply lower.”
– Jeremy Robb, Senior Director of Cox Automotive Economic and Industry Insights
