January Index Increase
The average new car dealer-to-dealer trade price rose to $4,949 per unit, over invoice, based on 501 trades throughout the month of January.
83% of the traded units that made up this index were Chrysler, Dodge, Jeep & RAM and General Motors models.
This was a 3.3% increase over the previous month’s trade index price despite a modest increase in floored inventory, which is still hovering at just under one million units on the ground nationally.
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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 5,251 units between new car dealerships.