Used Vehicle Retail Sales: December 2024
Used vehicle retail sales were 1.2 million in December, up 12% YoY. Days supply ticked up 1 to 48.
- Cox Automotive Analyst: “December usually sees a drop in used-vehicle retail sales, but this year they showed a stronger seasonal trend and were significantly higher than last year...”
- 2025 forecast: "Cox Automotive is forecasting retail used-vehicle sales in 2025 to reach 20.1 million, an increase of approximately 1.2% compared to 2024. Sales growth is expected to remain muted, as retail and wholesale supply will continue to be constrained in the coming year due to lower production during the pandemic and fewer lease maturities returning to the market."