The average listing price for used vehicles dropped slightly to $25,730.
On the Dash:
- Used-vehicle inventory reached a new 2025 high at 2.31 million units with a 50-day supply.
- Retail used-vehicle sales remain strong, rising 1.9% year over year and 2.3% month over month.
- Average listing prices held near $25,730, with limited availability of vehicles under $15,000.
Used-vehicle inventory levels rose for the fourth consecutive month at the start of December, reaching a new high for 2025, according to Cox Automotive’s vAuto Live Market View data.
Franchised and independent dealers had 2.31 million used vehicles in stock, up 6% from a year ago and 2% from early November. While supply remains above prior-year levels, it’s still constrained compared with recent years. Day’s supply sat at 50, unchanged from November but up two days from last year.
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Consumer demand for used vehicles remains strong. Retail sales increased 1.9% year over year and 2.3% month over month, with November sales reaching 1.39 million vehicles, surpassing October’s 1.36 million.
The uptick in sales was driven by lower used-vehicle prices, improved auto loan approval rates and a stronger value proposition compared with new vehicles.
The average listing price for used vehicles dropped slightly to $25,730, down from November’s revised $25,947. Vehicles priced below $15,000 remained limited, with only 36 days’ supply, which is 14 days below the overall average.
The five top-selling used vehicles averaged $23,824, roughly 7% below the overall used-vehicle average. Ford, Chevrolet, Toyota, Honda, and Nissan led the segment, accounting for 50% of all used-vehicle sales.
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