USED-VEHICLE PRICES OPEN MAY AT ALL-TIME HIGH

Atlanta GA Ma 30, 2021; Cox Automotive reported that used-vehicle prices hit an all-time high at the opening of May, and supply stabilized though remained well below 2020 and 2019 levels, according to a Cox Automotive analysis of vAuto Available Inventory data.

The average listing price surpassed the $22,000 mark for the first time ever in April, closing the month at a new high of $22,568. That compares with $21,343 at the end of March.

See the latest in-depth report on Used-vehicle inventory.