Topic: vehicle availability
2021 ended as expected, with used inventory levels rising – however, prices and days-on-market didn’t see any relief. The CarGurus UK Used Vehicle Availability Index increased by 6.5% compared to November and is now up 7.1% year-over-year – overall, this is effectively as great a recovery as we’ve seen in inventory volumes. However, this increase in inventory is expected, as December is historically the lowest month for used vehicle sales, which is the likely source of the inventory increase. Supporting indicators, too, show more volatility underneath the surface.