Key Points
In comparison to May, the average listed price for new cars remains steady at $48,245. However, vehicles are now spending an average of 68 days on the market, indicating a slower turnover than observed in May. Additionally, new cars are showing a 7% variance between their initial and final prices, which is double the variance recorded in May. On the other hand, the used car market has demonstrated stability, with an average price difference of -11% between initial and final prices. Notably, the turnover time for used cars has increased, with vehicles now spending 6 more days on the market compared to May 2024.