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Our new car dealer-to-dealer trade price fell -28% over the previous month. On average, franchise dealerships selling new car inventory to other franchise dealerships received $533 per unit, over invoice, throughout the month of October.

The October index was based on 706 units sold through Dealer Trade Network.

533

Average Cost Over Invoice

81% of the traded units that made up this index were Chevrolet, Jeep, Toyota, Kia, and RAM models.

2.5M Units

New car inventory listed on franchise auto dealer websites pushed through the 2.5M mark during the month of October, while the big three domestic automakers reached a tentative agreement with the United Auto Workers union.

We’re seeing plenty of 2023 inventory available, with dealer preferences moving to the 2024 model year.

Free National Days Supply Report

We track the national days supply of every model and put our findings in a downloadable report.

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 car inventory.

About Dealer Trade Network
With a combination of proprietary software, trusted industry relationships, and deep market expertise, Dealer Trade Network manages the end-to-end trade and fulfillment process that moves new vehicles between franchise dealerships so that dealers can match their floor plans with local market demands. The company facilitates the trade of more than 10,000 new vehicles nationwide annually with a network of over 4,000 new car dealers.