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SEARCHStubborn affordability pressures kept its sales brisk in November.
Chevrolet, Ford, Honda, Nissan and Toyota led November used sales, with half of all deliveries among them.
Chevrolet
As the new-vehicle market prices out many consumers, the used version is attracting healthy sales with supply to keep up with demand.
Cox Automotive data show November used retail sales rose 2% from both October and a year earlier to about 1.4 million units, though the certified preowned segment fell.
Days’ supply was flat from October at 50, up two days year-over-year, and total supply hit 2.3 million, up 2% month-over-month and 6% from a year earlier.
Slightly lower prices helped fuel the month’s sales, the average listing price down about 1% to $25,730. The average has stayed fairly constant for the past year, fluctuating from about $25,000 to just under $26,000 this fall and during last year’s holiday season.
Easing credit conditions also buoyed sales for the month, Cox said.
“Used-vehicle inventory continues to build, reaching a new high for 2025 as December begins,” said Manager of Economic and Industry Insights Scott Vanner. “This sustained increase, paired with steady sales and easing prices, reflects a market where affordability and improving credit conditions are drawing buyers to used vehicles.”
November CPO sales fell about 2% from October and a year earlier to nearly 206,000 units as non-CPO units headed in the opposite direction. Year to date, though, they’re so far up 2%, Cox calculated.
Despite ample supply, inventory of the most affordable units is limited. Those listed for under $15,000 were at 36 days’ supply, or 14 days under the industry average.
LEARN MORE: New Autos' Affordability Wanes Again
Originally posted on Auto Dealer Today
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