Auto Market Trends: Prices and Demand Hold Steady Despite Tariffs

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Inventory levels remain at three-year high
Franchise dealers powering the increase in listings this year
CarGurus Used Vehicle Availability Index*
January 2023 - July 2025
3 Source: CarGurus * Month end dealer inventory/dealers indexed to November 2019
Month-over-Month Variance
Year-over-Year Variance
+0.0%
+9.2%

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Price growth persists despite inventory recovery
Limited 3- to 4-year-old supply keeps prices rising
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Average used vehicle listing price
January 2023 - July 2025 (thousands of $)
4 Source: CarGurus
Month-over-Month Variance
Year-over-Year Variance
+0.4%
+2.3%

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Vehicles continue to sit on lots for less time this year
Buyers stay active, keeping turnover well ahead of 2024 levels
Used average days-on-market
January 2023 - July 2025
5 Source: CarGurus *Average of Pre-COVID days-on-market
Month-over-Month Variance
Year-over-Year Variance
-0.2%
-6.0%