The strong sales performance in November suggests that demand remains robust, but ongoing supply limitations may affect pricing and availability heading into the new year.
According to Cox Automotive’s vAuto Live Market View data analysis, the used-vehicle inventory at the start of December remained stable compared to November. Still, it showed a 6% decrease compared to the same period in 2023.
Affordability remains a significant concern for consumers. As lower-priced used vehicles are in limited supply, the average price of the top five sellers in November was $23,882, approximately 7% below the average listing price of used vehicles.
