Average Used-Vehicle Asking Price Lowest Since April

The average listing price was $27,564 at the end of October, down from the revised $28,266 at the end of September. Graphic: Cox AutomotiveUsed-vehicle asking prices fell throughout October to their lowest average since April as inventory matches pre-pandemic 2019 levels, according to the Cox Automotive analysis of vAuto Available Inventory data released Nov. 17. Total days’ supply at the end of October stood at 51, compared with the revised 53 days’ supply at the end of September. “Asking prices are finally reflecting lower wholesale prices,” said Charlie Chesbrough, senior economist, Cox Automotive, in a news release. Brands with the lowest days’ supply of used vehicles – under 50 – Honda, Hyundai, Lexus, Mazda, Toyota and Volkswagen.