Retail used-vehicle sales increased in October, according to vAuto.

Assessing retail vehicle sales based on observed changes in units tracked by vAuto, initial estimates of retail used-vehicle sales in October were up 2% compared to September and higher year over year by 11%. The average retail listing price for a used vehicle increased 0.3% over the last four weeks.   

Using estimates of retail used days’ supply based on vAuto data, an initial assessment indicates October ended at 46 days’ supply, unchanged from 46 days at the end of September but down eight days from October 2023 at 54 days.  

New-vehicle sales in October were up 10.6% from last year, and volume increased 13.3% from September. The October sales pace, or seasonally adjusted annual rate (SAAR), came in at 16.0 million, up 0.7 million from last year’s pace and higher than September’s 15.8 million level. 

Combined sales into large rental, commercial, and government fleets increased 16.5% year over year in October. Including an estimate for fleet deliveries into dealer and manufacturer channels, the remaining new retail sales were estimated to be up 13.3% from last year, leading to an estimated retail SAAR of 13.4 million, up 3.5% from last year’s pace, and down from September’s estimated 12.4 million level. Fleet share was estimated to be 13.9%, down from last year’s 15.9% share.