Used Vehicle Inventory Up Year-Over-Year
Total days’ supply at the end of August stood at 49, compared with the revised 52 days’ supply at the end of July. Days’ supply in July was 24% above year-ago levels. “Inventory volume at the end of August was 10% above year-ago levels, so we’re seeing some improvement,” said Chris Frey, Cox Automotive’s senior manager for Industry Insights. “While used-vehicle sales in total so far this year are down 16% from 2021, the year is tracking in a normal trend line,” Frey said.