May Index Increase
The average new car dealer-to-dealer trade price rose sharply from $4,052 per unit over invoice in April to $5,062 over invoice in May. This was based on 537 traded units throughout the month of May.
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81% of the traded units that made up this index were Chevy, Ford, GMC, Jeep, and Nissan models.
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This was a 24.9% increase over the previous month’s trade index price that coincided with a significant decrease in floored inventory across the country, which dropped under 1.2 million units on the ground nationally.
The decrease in national inventory seemed to have an effect on the trade prices that selling dealers were able to receive for new inventory throughout the month of April.
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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 source and sell new car inventory. The company has facilitated the trade of over 60,000 units between new car dealerships.
