August 2026 Used-Vehicle Market Overview
Retail Used-Vehicle Sales and Prices
Retail used-vehicle sales experienced a month-over-month increase in August, aligning with typical seasonal trends. The average listing price for used vehicles rose to $27,239, reflecting a 7% increase from the previous year, despite August generally seeing stable or slightly lower prices.
Average Listing Price
$27,239
Average Listing Price
Inventory Changes
In August, auto dealers, both franchised and independent, had 2.13 million used vehicles, showing a 1.3% increase year-over-year but a 1.1% decrease compared to July. Current inventory remains slightly above last year’s figures but below the levels observed in 2023 and 2024.
Used-Vehicle Sales Insights
Despite a 3.2% decline year-over-year, retail used-vehicle sales rose by 3.9% from July, totaling an estimated 1.50 million sales. This trend aligns with typical seasonal patterns.
Days’ Supply Overview
The days’ supply, based on estimated sales, tightened to 44 days in August, a two-day increase year-over-year but a decline from 46 days in July. This tightening was driven by a 1.1% drop in inventory amidst rising sales.
Price Trends
The average listing price for used vehicles reached its highest since December 2022. Prices rose 0.9% from July’s adjusted figure of $26,999.
Affordable Vehicle Supply
The availability of used vehicles priced under $15,000 remains a significant concern, with only 29 days’ supply, significantly less than the industry average. These affordable options now account for 15.1% of total inventory, down from 20.6% a year ago.
Certified Pre-Owned Sales
Certified pre-owned (CPO) sales decreased 5.4% year-over-year but increased 2.3% from July, reaching approximately 227,432 units sold in August, which constitutes 15.2% of total retail used-vehicle sales.
Conclusion
The retail used-vehicle market continues to navigate challenges, maintaining strong demand despite tighter inventory levels and rising prices. Dealers’ concerns regarding the availability of affordable vehicles highlight ongoing market pressures.
