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CarGurus Canada Vehicle Availability Index & Insights – August 2022

Posted by Kevin Roberts on September 12, 2022

In a potential green shoot, August  saw new vehicle inventory levels increase  by 8.3%–a welcome shift after years of depressed inventory. However, used inventory levels declined by 2.5%. The average used listing price for both new and used were effectively flat in August, with new prices declining 0.1% and used prices increasing 0.2%. Days-on-market continued to increase, with new average days-on-market increasing by 0.5% while used vehicle days-on-market increased by 6.6% to nearly 80 days.

To learn more about vehicle inventory trends, download the August 2022 edition of the CarGurus Canada Vehicle Availability Index & Insights Report  

Topics: used vehicles, vehicle availability