vAuto’s ProfitTime GPS is the industry’s only solution that brings data-driven insights about each vehicles value to every retail pricing and every sourcing decision you make — in every channel you make them.
vAuto’s Provision inventory management software uses vAuto’s Live Market View to help used car dealers stock, appraise, price and list more precisely than their competitors.
How to Drive Vehicle Profitability | Q2 2024 Live Market View
Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.
vAuto’s Stockwave wholesale sourcing software gives you access to vehicles from 300+ marketplaces with the most accurate, up-to-the-minute Live Market View of today’s used car values and pricing.
Intelligent Promotion allows your dealership to merchandise more efficiently with attention-grabbing VDP content and promotions you can scale across your inventory.
The goal of your digital merchandising is to show shoppers that the value of your vehicle matches – or exceeds – the price you’re asking for. So, how do you convey enough value online to convince shoppers they’re getting a great deal?
iRecon reconditioning software allows your dealership to efficiently communicate with reconditioning partners, reduce holding costs and get vehicles in front of customers sooner.
See what repairing your recon can do for your profits
Building a more efficient process with iRecon can help increase your ROI. Use this calculator and see how much additional profit you could expect each month.
Managing inventory is a matter of making sure every decision makes money for your dealership. Provision® helps decision-making look easy, increasing efficiency and turn even in the toughest times.
Many dealers feel like their inventory — and their success — is limited. Dealers who use Conquest™ feel differently and have as much as a 39% increase in new car sales to show for it.
Battling a more challenging auction environment than ever, many dealers come home with cars that don’t gross. Dealers who use Stockwave are seeing as much as a 40% increase in gross profit.
Hear how one dealer used iRecon to identify and address flaws in their dealership’s reconditioning process that resulted in rapid growth in their pre-owned departments across the country.
How to Drive Vehicle Profitability | Q2 2024 Live Market View
Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.
How to Drive Vehicle Profitability | Q2 2024 Live Market View
Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.
Monthly Industry Insights | New and Used Car Newsletter
What happened in the new and used car industry this past month? Visit our Industry Insights page to learn about days’ supply, inventory, pricing, sales trends and more!
How to Drive Vehicle Profitability | Q2 2024 Live Market View
Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.
Find answers to your most common support questions in our ever-expanding library of Knowledge articles. Available to you 24/7 from the Support link at the bottom of every vAuto page.
vAuto offers on-going training and webinars each month for our dealers. Check out our upcoming schedule and register today! Then, put your knowledge to the test with vAuto Academy’s Variable Management certification.
Join us as we showcase our latest innovations, share insights, and operational best practices for dealers. Here’s where you can find us and a glimpse of what you’ll get.
How to Drive Vehicle Profitability | Q2 2024 Live Market View
Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.
Find answers to your most common support questions in our ever-expanding library of Knowledge articles. Available to you 24/7 from the Support link at the bottom of every vAuto page.
How to Drive Vehicle Profitability | Q2 2024 Live Market View
Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.
New-vehicle average transaction prices (ATP) in last month was $48,510, up 2.2% from last month, the highest price since December 2023.
Days’ supply increased to 74 days as sales decreased through the month of April.
Discounts and incentives in April dropped to 6.3% of ATP, the first decrease since October 2023.
3-Month Sales Trend*
Month
Avg. Daily Retail Sales
February
50,000
March
53,700
April
52,400
Average Transaction Price*
Month
Amount
February
$47,285
March
$47,218
April
$47,510
Days’ Supply*
Month
# of Days
February
76
March
72
April
74
Daily Holding Cost Per New Car*
Month
Amount
February
$7.60
March
$7.71
April
$7.74
Dealer Profit Per New Car**
Month
Amount
February
$2,574
March
$2,487
April
$2,588
OEM Days’ Supply*
Rebates & Incentives
Latest News
Average Blended Incentive is $3,465.
There are very few OEMs offering 0% APR or even supported rates below 2.9% currently.
The average new car loan is currently 9.74%, which is near a 24-year high.
Inventory levels remain abundant across most segments providing options to consumers while also offering attractive incentives.
Full-Size Pick-up Segment
Sales were proportionate to March and remained mostly consistent over a 6-moth average while active supply continued to increase slightly for April.
Mid-Size SUV Segment
All models were up from the start of 2024.
“With the impact of tax refund season effectively over, the vehicle market is seeing declining sales momentum. The next few weeks and months could be challenging if consumers en masse believe that they are better off waiting.”
