
Total days’ supply at the start of March fell to 44, compared with the revised 53 at the beginning of February, a 20% decline.
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Domestic brands continue to have the highest inventory while Asian imports rank lowest.
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Inventory levels reach the highest point since June 2020 while the number of buyers who can afford a new vehicle is the best since June 2021.
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For the full year, Cox Automotive estimates sales for used retail were down about 3%, curtailed by a constrained supply of newly used vehicles in the market.
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The total U.S. supply of available unsold new vehicles in November climbed 57%, or 925,000 units, from the same time a year ago.
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Applying deep data science to vehicle inventory management can spur more accurate pricing models in real-time.
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Since the labor actions started Sept. 15, the U.S. has ample inventory for now from the Detroit automakers that should keep steady supply through the end of the month. The all-important Ford F-150 had 97 days of supply at the start of October.
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While the total supply of unsold used vehicles is down from the same time a year ago, they are up from the end of June.
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The average listing price of a vehicle remained above $47,000 since April, while the ATP of a new vehicle in July was $48,334 compared with $48,671 in June.
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Wholesale supply has increased with weaker purchase activity in early July, yet it is otherwise normal for this time of year.
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