After edging higher for a couple of months, available supply dipped by the end of August.
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Tight vehicle inventory continues to vex the auto industry while high prices deter buyers.
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The profit index sets another record high, while the price pressure index increased modestly.
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A recent quarterly report from Haig Partners shows that buy-sell activity among auto dealerships has exploded, leading to "empty lots and overstuffed wallets."
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As August opened, inventories were running 53% below 2020 levels and 68% below 2019 levels.
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The current low-supply, high-demand situation means finding and buying a new vehicle may be a challenge.
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The latest Cox sentiment index shows more signs of the overall market recovery from the depths of Q2 2020.
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