This still speaks of a hot under-supplied market: By June, they hit a new record, up by 11.5% year-over-year. The average listing price in June rose 11.5% from a year ago, to a record $45,976, according to Cox Automotive.Д¬ox also said that during the last week of June, asking prices вЂњbegan to retreat slightly.вЂќ So maybe possibly perhaps, dealers are running into just a tad of price resistance in certain corners of the market.ДЄsking prices fell in January, February, and March, only to do a U-Turn in April вЂ“ and part of this was seasonal as January and February are the worst months for dealers, when volume tends to plunge from the December binge. The average asking price (listing price) shows that dealers are in no mood to offer deals yet. A dealerвЂ™s website typically shows three labels next to the vehicles in their inventory: вЂњin stock,вЂќ вЂњin transit,вЂќ and вЂњsold.вЂќ The term вЂњinventoryвЂќ accounts for what is вЂњin stockвЂќ and what is вЂњin transit.вЂќ And it may include units that have been pre-sold. By comparison, in 2019, new vehicle inventory averaged 3.66 million vehicles. On this basis, new vehicle inventories havenвЂ™t improved since December.

The number of new vehicles in вЂњin stockвЂќ on dealer lots and вЂњin transitвЂќ to dealers dipped to 1.12 million vehicles at the end of June, down by 70%, or by 2.61 million vehicles, from the same period in 2019, according to estimates by Cox Automotive, based on its Dealertrack data. The inventory shortages at new vehicle dealers continue unabated, and inventories remain desperately low, but the shortages are shifting, as demand has shifted, and there is now supply piling up, for example at Ram dealers, while fuel-efficient vehicles are essentially sold out, and EV models have long waiting lists вЂ“ as people are tired of getting hammered by high fuel prices.

Ford escape 2021 value