August Index Stabilizes
The average new car dealer-to-dealer trade price rose slightly to $3,897 per unit, over invoice. This index is based on 868 traded units throughout the month of August.
69% of the traded units that made up this index were Jeep, Chevy, RAM, and Ford models.
This was a 1.9% increase over the previous month’s trade index price, showing some stabilization in the prices that sellers are able to receive for new inventory.
We are continuing to see significant trade activity among Jeep and RAM units as a growing percentage of our monthly trade volume. Despite having similar inventory counts on the ground as other manufacturers, the average days supply of most Jeep units is up to four times greater than other brands. This abundance of supply has shown a corresponding drop in the prices that selling dealerships are able to receive for their 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. Over the last 12 months, the company facilitated the trade of 5,621 units between new car dealerships.