The total supply of unsold used vehicles is up 4% from a year ago
Days’ supply has remained consistent between 54 and 56 since the beginning of November
The average used-vehicle listing price is down 3% year over year
Total Unsold Vehicles*
Month
Amount
October
2.30M
November
2.36M
December
2.39M
Average Mileage*
Month
Amount
October
69,971
November
70,368
December
69,794
Days’ Supply*
Month
# of Days
October
49
November
52
December
56
Average Listing Price*
Month
Amount
October
$26,752
November
$26,553
December
$26,446
Used Vehicle Value Index**
Month
Value
October
206.1
November
205
December
209.1
Average Trade-In Equity***
Month
Amount
October
$8,956
November
$8,501
December
$8,521
“After bottoming out at a low historical level in the first quarter of 2023, the supply of used units generally rose throughout most of 2023, ending at roughly the year’s highest levels in both volume and days of supply.”
– Jeremy Robb, Senior Director of Cox Automotive Economic and Industry Insights
