{"id":4738,"date":"2024-04-24T10:48:52","date_gmt":"2024-04-24T15:48:52","guid":{"rendered":"https:\/\/niada.com\/dashboard\/?p=4738"},"modified":"2024-04-24T13:07:45","modified_gmt":"2024-04-24T18:07:45","slug":"average-price-of-used-vehicles-increase-inventory-decreases","status":"publish","type":"post","link":"https:\/\/niada.com\/dashboard\/average-price-of-used-vehicles-increase-inventory-decreases\/","title":{"rendered":"Average price of used vehicles increases, inventory decreases"},"content":{"rendered":"\n<p>The average listing prices for used vehicles increased at the start of April as inventory was down, according to <a href=\"https:\/\/www.coxautoinc.com\/market-insights\/used-vehicle-inventory-march-2024\/\" target=\"_blank\" rel=\"noopener\">data from the Cox Automotive\u2019s vAuto<\/a>.<\/p>\n\n\n\n<p>The average retail listing price was $25,540 at the start of the month. That was up 4 percent from the March price of $25,121.<\/p>\n\n\n\n<p>The vAuto Live Market data shows the average mileage was 69,232.<\/p>\n\n\n\n<p>The inventory on dealer lots was at 2.22 million, which was behind the March tally of 2.27 million. Inventory levels are ahead of April 2023.<\/p>\n\n\n\n<p>The days of supply stood at 46 days.<\/p>\n\n\n\n<p>Wholesale used vehicle prices are started to cool as April closes. After three weeks of modest gains, the market was up 0.05 percent this week, according to <a href=\"https:\/\/www.blackbook.com\/market-insights\/market-insights-4-23-2024\/\" target=\"_blank\" rel=\"noopener\">BlackBook\u2019s weekly Market Insights<\/a>.<\/p>\n\n\n\n<p>\u201cSigns of a spring market slowdown are emerging, as the overall market appreciated barely 0.05 percent last week, and the trucks and SUVs category saw a slight 0.02 percent dip,\u201d BlackBook reported. \u201cAdditionally, the average auction conversion rate nationwide experienced a minor decrease, indicating that buyers are starting to proceed with more caution.\u201d<\/p>\n\n\n\n<p>The nine car segments increased in price by 0.21 percent or $34. Sports cars were up $94 (0.43 percent), full-size cars $67 (0.38 percent) and mid-size cars $54 (0.39 percent).<\/p>\n\n\n\n<p>Seven of the 13 truck and SUV categories were down in price. Full-size vans dropped 1.67 percent or $369.<\/p>\n\n\n\n<p>Small pickups gained $95 or 0.42 percent.<\/p>\n\n\n\n<p>Conversion rates at auction dropped to 57 percent.<\/p>\n","protected":false},"excerpt":{"rendered":"The average listing prices for used vehicles increased at the start of April as inventory was down, according&hellip;\n","protected":false},"author":1,"featured_media":3440,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"csco_singular_sidebar":"","csco_page_header_type":"","csco_appearance_grid":"","csco_page_load_nextpost":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[3],"tags":[],"class_list":{"0":"post-4738","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-industry","8":"cs-entry","9":"cs-video-wrap"},"_links":{"self":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/4738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/comments?post=4738"}],"version-history":[{"count":0,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/posts\/4738\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media\/3440"}],"wp:attachment":[{"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/media?parent=4738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/categories?post=4738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/niada.com\/dashboard\/wp-json\/wp\/v2\/tags?post=4738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}