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Topic: used vehicles

CarGurus Canada Vehicle Availability Index & Insights – December 2021

Posted by Kevin Roberts on January 11, 2022

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%.

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Topics: inventory, new vehicles, pricing, used vehicles, vehicle availability

CarGurus Canada Vehicle Availability Index & Insights – November 2021

Posted by Kevin Roberts on December 3, 2021

November saw a continuation of trends from last month in Canada, with inventory continuing to decline, prices rising, and days on market shrinking. Inventory decline was at a more modest rate of 0.6% from October for new, however, inventory levels are down 50.9% year-over-year. Used also saw declines in inventory but at a slightly higher clip of 2.1%.

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Topics: CarGurus data, inventory, new vehicles, trends, used vehicles