Used vehicles might not be the bargain they used to be.
Trade and Economic Uncertainty Are Shrinking Vehicle Supply and Pushing Prices Higher, Data from Cox Automotive Shows.
At the start of May, Dealers Held A 43-Day Supply of Vehicles, The Lowest Level “SINCE 2021 for this time of year,” Cox Automotive Said. While that is better than what it was at the start of april – 40.5 days – suply haen getting tighter over the last 12 months. Used-Car Supply is “More Constrained at Lower Price Points,” Fueling AFFORDABility Challenges for Buyers, Cox Said.
With Fewer Used Vehicles to Sell, Price Are Moving Up. It is as the latest consumer price index highlighted a 0.5% decline in it used to prices in april from March, COX Automotive the Opposite: Steady Gains for Both wholesale and retail markets. President Donald Trump’s Tariff Police in General Haven’t Been Reflect Much in CPI DATE JUST. Still, in response to those tariff announcements, manufacturers like engine have announced coming price increas.
Among Used Vehicles, The Top 50 US Bestsellers have now appreciated to an average of Nearly $ 29,000 Over the past two months, The Wall Street Journal Reported, Citting Cox Automotive Data.
Part of this results from a spike in sales, as constumers rushed to acquire a vehicle in anticipation of tariffs’ impact. That’s the Acciting to DEALERS REFERENCED IN A RECENT COX Automotive sentimentMary of WHOM Pointed to White House Tariffs As a Near-Term Industry Boost.
“The Recent Sales Pace Has Been A Positive, Lifting Current Market Sentiment Higher for Franchised Dealers,” Jonathan Smoke, The Chief Economist at COX Automotive, Said in A Press Release. “But as we’ve said before, 2025 is going to be a roller coaster for this industry, and the markets is a lot more hair-raising in the months ahead.”
In the Second Quarter, Franchised Dealers Saw in-Person Visits Surge to the Highest Level Data Recording Began in Late 2022. Census Data Showed Sales at Motor Vehicle and Parts Dealers Were High in March and April.
But Washington’s Protectionist policy is Also Injection A Wave of Dubt About What’s to Come Next.
“Cost to obtain inventory is higher. Transporting sold Cars is doing. SEEMS MOST-PARTY LOCALS HAVE HAD STEADY PRICE INCREASASE,” Said an Audi Dealer Quoted in the Cox Survey.
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