Prices still falling – on average – but rate of decline slowing. JUNE 2023 AVERAGE USED-VEHICLE LISTING PRICE Similarly, according to the Manheim Used Vehicle Value Index, wholesale prices continued to decline. 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 average used vehicle listing price ended June lower than when the month opened. 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. 2021 Honda Pilot (52) 2021 Nissan Rogue (52) 2021 Buick Enclave (51) 2021 Nissan Sentra (51). “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. Due to the current inventory shortage across the United States, customers who are ready to purchase or upgrade out of their current lease are finding the. Non-Luxury vehicle prices: In June, car buyers paid an average transaction price of. Since January, luxury prices dropped by more than 4. Days’ supply has been holding at this level since spring. Luxury vehicles make up nearly 19 of total vehicle sales. Despite an inventory shortage, Gardner said Honda is investigating making do with as few as 100,000 new cars in its pipeline. The days’ supply was down 11% from year-ago levels. The plant manufactured chips for the major Japanese automakers, and Toyota and Honda both faced inventory shortages. Honda's national inventory consists of 20,000 cars at the start of 2022, compared to the normal 300,000 vehicles on the ground plus an additional 100,000 in the automaker's production pipeline. 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. 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.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |