The Average New Car Costs $50K, So Americans Are Emptying Used Car Lots
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Almost 1.62 million used vehicles were sold by retailers last month.
Used vehicle inventories at retailers have dropped to a multi-year low.
March ended with just 37 days’ worth of used vehicle inventory.
With new cars slipping further out of reach for many Americans these days, buyers are leaning harder on the used market. March delivered a sharp uptick in activity, and inventories across the country took a noticeable hit.
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Used vehicle inventories at retailers have dropped to a multi-year low.
March ended with just 37 days’ worth of used vehicle inventory.
With new cars slipping further out of reach for many Americans these days, buyers are leaning harder on the used market. March delivered a sharp uptick in activity, and inventories across the country took a noticeable hit.
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