CarGurus February intelligence report found that inventory is recovering, but the picture isn't as rosy as it was pre-pandemic.
are slowly, somewhat, returning to reality. Aiding that correction is rising inventory across the market, which is pushing prices in the right direction.The report found that new list prices are down 1.3 percent since February 2023 and 0.3% since January of this year.
That’s thanks in part to significant growth ininventory levels, which saw a massive 65% jump from 2023 and 5.2 percent since January. That said, the picture isn’t without its dark spots. Even with inventory on its way up, it’s still 25.9% lower than it was before COVID-19, and prices are still more than 30% higher.
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