![]() Prices still falling – on average – but rate of decline slowing. Best Honda Lease Deal: Best Honda Financing Deal: Best Honda Rebate: Honda Civic: Lease from 219/month: 1.9 APR for 48 months: 500 College Grad Discount: Honda Accord: Lease from 299/month: 1.9 APR for 48 months: 500 College Grad Discount: Honda HR-V: Lease from 209/month: 0. The used-vehicle market has shed the volatility seen during the pandemic and chip shortage, with inventory and prices holding rather steady, according to a Cox Automotive analysis of vAuto Available. Average used-vehicle listing price stays above 27,000. JUNE 2023 AVERAGE USED-VEHICLE LISTING PRICE Used-vehicle inventory rose to 2.22 million units. Similarly, according to the Manheim Used Vehicle Value Index, wholesale prices continued to decline. The challenge of finding spare parts as mundane as oil filters or carpeting has forced repair shops to hoard inventory, find. The average listing price closed the month at $27,147, down from the revised $27,720 at the end of May, which was the highest since early January. The world’s supply chain woes are bearing down on U.S. The average used vehicle listing price ended June lower than when the month opened. When COVID-19 was in its initial stages, a steep downturn in new vehicle sales combined with factories closing globally eventually led to the car inventory. ![]() Dealers are balancing their inventory to the sales rate, keeping days’ supply steady, even as total supply continues to improve.” “So it is worth noting that days’ supply is fairly normal for this time of year, which is something we haven’t seen for three years. “The last several months have followed very closely to 2019’s levels, the last normal year we’ve seen,” said Chris Frey, senior manager of Economic and Industry Insights at Cox Automotive. The Cox Automotive days’ supply is based on the daily sales rate for the most recent 30-day period, ending June 26, when sales were 1.43 million units, up 1% from a year ago. Days’ supply has been holding at this level since spring. Posted: Novem1:27PM Author: John Goreham Though inventory remains tight, deliveries prove that Honda is ahead of the curve when it comes to resolving the new-car inventory. But Chrysler dealers had 98 days’ worth of inventory in stock. Toyota and Subaru weren’t far behind, at 19 and 20. ![]() The days’ supply was down 11% from year-ago levels. Honda and Kia dealers ended October with just 17 days’ supply. Total days’ supply at the end of June stood at 47, compared with 46 at the start of the month. That was up from a revised 2.12 million at the end of May but down 10%, or 241,000 units, from the same time a year ago. stood at 2.22 million units at the close of June. The total supply of unsold used vehicles on dealer lots – franchised and independent – across the U.S. ![]()
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