June Index Slide
The average new car dealer-to-dealer trade price dropped from $5,062 per unit over invoice in May to $4,366 per unit over invoice in June. This was based on 659 traded units throughout the month of June.
85% of the traded units that made up this index were Chevy, Jeep, RAM, and GMC models.
This was a 13.8% decrease over the previous month’s trade index price while the total units on the ground dropped slightly, at the national level, from the previous month.
Jeep and RAM units increased their share of this month’s index by 18.5% and we’re seeing that they trade at a significantly lower price than Chevy and GMC units. This change in trade activity was a major factor in the drop of June’s overall index.
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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 5,213 units between new car dealerships.