Topic: pricing
CarGurus Canada Vehicle Availability Index & Insights – December 2021
December provided one final swerve as new sales declined month-over-month since November, while new inventory levels increased. The CarGurus New Vehicle Availability Index increased 10% from November levels, providing a unique situation where new sales declined – however, it wasn’t exclusively tied to declining inventory levels. The used vehicle index also increased, though at a slower rate of 2.6%. While inventory levels improved in December, they remain far off on a year-over-year basis, with new down nearly 47% and used down 20%.
See how used car prices change over time with CarGurus’ Price Trends tool
Whether you need help pricing your inventory or you’re looking for insight into what cars to stock, CarGurus can help! We track the prices of millions of used cars and make the data available in our Price Trends tool. Use it to identify seasonal trends, look up average used car prices, or find out which makes and models best hold their value over time.
Find the pricing sweet spot with new Pricing Tool updates
We’re working hard to give our dealers more and better tools. We recently launched a few updates to our dealer dashboard that should make it easier for dealers to get the most out of our platform.