April Index Decrease
The average new car dealer-to-dealer trade price dropped for the second consecutive month to $4,052 per unit, over invoice. This index price was based on 427 traded units throughout the month of April.
60% of the traded units that made up this index were Chevy and Jeep models.
This was a 2.0% decrease from March’s trade index price, which had already fallen significantly as inventory levels continue to climb. National inventory levels rose 16%, surpassing 1.2 million units on the ground for the first time since June 2021. This increase continued to put downward pressure on the trade prices that selling dealers are able to receive for new inventory.
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About the New Car Average Dealer-to-Dealer Trade Price Index
Dealer Trade Network’s New Car Monthly Dealer-to-Dealer Trading Price Index shows the average monthly price, relative to the vehicle’s invoice price, that new car dealerships pay other new car dealerships for new units.
About Dealer Trade Network
Dealer Trade Network uses market data and machine learning to help new car dealerships turn their floorplan faster, leading to increased revenue and higher margins. The company facilitated the trade of 5,400 units between new car dealerships.