Topic: vehicle availability
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%.