USED-VEHICLE INVENTORY

USED-VEHICLE INVENTORY

AS OF WEEK ENDING June 28, 2021

USED VEHICLE INVENTORY DAYS OF SUPPLY IMPROVING

Supply situation has now returned to last year levels

Available Supply weekly 3,200 ,000

3,000 ,000

2,800 ,000

2,600 ,000

2,400 ,000

2,200 ,000 2,000 ,000

+6%

2021

2020

2019

Days of Supply weekly 100.0

90.0

80.0

70.0

60.0

50.0

40.0

30.0

20.0

+22%

10.0

0.0

2021

2020

2019

2021-01-04 2021-01-18 2021-02-01 2021-02-15 2021-03-01 2021-03-15 2021-03-29 2021-04-12 2021-04-26 2021-05-10 2021-05-24 2021-06-07 2021-06-21 2021-01-04 2021-01-18 2021-02-01 2021-02-15 2021-03-01 2021-03-15 2021-03-29 2021-04-12 2021-04-26 2021-05-10 2021-05-24 2021-06-07 2021-06-21

Source: Cox Automotive VMA Database

2

USED-VEHICLE ROLLING SALES NOW BELOW 2019 PACE

Spring fever now cooling after stimulus checks arrived across the country

30 Day Retail Sales weekly

2,300 ,000 2,200 ,000 2,100 ,000 2,000 ,000 1,900 ,000 1,800 ,000 1,700 ,000 1,600 ,000 1,500 ,000 1,400 ,000 1,300 ,000 1,200 ,000 1,100 ,000 1,000 ,000

900,0 00

-13% v 2020, -3% v 2019

2021

2020

2019

2021-01-04 2021-01-18 2021-02-01 2021-02-15 2021-03-01 2021-03-15 2021-03-29 2021-04-12 2021-04-26 2021-05-10 2021-05-24 2021-06-07 2021-06-21

Source: Cox Automotive VMA Database

3

USED-VEHICLE PRICES WAY UP OVER LAST TWO YEARS

Prices shifted in wake of COVID last spring, and they remain elevated

Average Listing Price weekly $26,0 00 $24,0 00 $22,0 00 $20,0 00 $18,0 00 $16,0 00 $14,0 00

+26% v 2020, +29% v 2019

2021

2020

2019

2021-01-04 2021-01-18 2021-02-01 2021-02-15 2021-03-01 2021-03-15 2021-03-29 2021-04-12 2021-04-26 2021-05-10 2021-05-24 2021-06-07 2021-06-21

Source: Cox Automotive VMA Database

4

USED-VEHICLE LISTING PRICE NOW ABOVE $25,000

Pace of price inflation accelerating

Average List Price based on 30 day sales

$26,000 $25,000 $24,000 $23,000 $22,000 $21,000 $20,000 $19,000 $18,000

2019-07-01 2019-08-26 2019-10-21 2019-12-16 2020-02-10 2020-04-06 2020-06-01 2020-07-27 2020-09-21 2020-11-16 2021-01-11 2021-03-08 2021-05-03 2021-06-28

2020-06-29 2020-07-27 2020-08-24 2020-09-21 2020-10-19 2020-11-16 2020-12-14 2021-01-11 2021-02-08 2021-03-08 2021-04-05 2021-05-03 2021-05-31 2021-06-28

Change In List Price vs 1 year prior

30.0% 25.0% 20.0% 15.0% 10.0%

5.0% 0.0%

Source: vAuto /Cox Automotive VMA Database

5

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download