February 17, 2022 – Used-vehicle inventory climbed during January to more normal levels on weaker sales, according to the Cox Automotive analysis of vAuto Available Inventory data. The average list price dipped from record levels in December.
At the end of January, the average listing price had fallen below peak levels to $27,633 when it had been above $28,000. Still, the average listing price was 29% above the end of January 2021.
The total supply of unsold used vehicles on dealer lots across the U.S. climbed to 2.55 million units at the end of January, compared with Cox Automotive’s revised number of 2.38 million at the end of December. The supply at the end of January was about 1% above a year ago.