{"id":4831,"date":"2024-05-22T11:53:01","date_gmt":"2024-05-22T16:53:01","guid":{"rendered":"https:\/\/niada.com\/dashboard\/?p=4831"},"modified":"2024-05-22T11:53:02","modified_gmt":"2024-05-22T16:53:02","slug":"used-vehicle-inventory-rises-in-may","status":"publish","type":"post","link":"https:\/\/niada.com\/dashboard\/used-vehicle-inventory-rises-in-may\/","title":{"rendered":"Used vehicle inventory rises in May"},"content":{"rendered":"\n

Used vehicle inventory is on the rise.<\/p>\n\n\n\n

A report from Cox Automotive from reviewing vAuto data<\/a> found 2.27 million in unsold used vehicles at the start of May. That was an increase of 50,000 from April. It was up 6 percent from May 2023.<\/p>\n\n\n\n

\u201cAs tax refund season ended, the market saw a slowing of sales in both new and used vehicles,\u201d said the Cox Automotive report. \u201cInventory levels of both increased through April. Used-vehicle days\u2019 supply at the start of May was 46 days, compared with the revised 45 days at the start of April, a 2 percent increase. Against last year, days\u2019 supply was unchanged at the beginning of May.\u201d<\/p>\n\n\n\n

The same report found the average listing price at $25,571, which was up from the April price of $25,536. The average mileage was 69,224.<\/p>\n

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