July Index Continues to Slide
The average new car dealer-to-dealer trade price dropped again this month from $4,366 per unit over invoice in June to $3,824 per unit over invoice in July. This index is based on 579 traded units throughout the month of July.
76% of the traded units that made up this index were Chevy, Jeep, Dodge, RAM, and Nissan models.
This was a 12.4% decrease from the previous month’s trade index price. This coincided with a 3.2% increase in national floored inventory, which is approaching levels last seen in April of this year.
We have seen a significant increase in Jeep, Dodge, and RAM unit trades as a percentage of our monthly trade volume. The average trade price of these Stellantis units is $4,000 less than GM and Ford units – while the Days Supply of a number of popular Models in these Makes approaches 120 days.
Free National Days Supply Report
We track the national days supply of every model and email it to you everyday.
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 5,171 units between new car dealerships.