All Inventory - Abilene Used Cars (2024)

FAQs

Is there a used car inventory shortage? ›

Used-car prices currently are trending down from recent highs. But in terms of longer-term trends, used-car prices still are substantially higher than they were before the pandemic. In particular, there's still an acute shortage of late-model used cars and trucks, reflecting lower new-vehicle production since 2019.

A car inventory shortage refers to a situation in which a car dealership or manufacturer does not have enough vehicles in stock to meet demand. Supply chain disruptions, changes in consumer demand, quality control issues, and production delays can cause car inventory shortages.

AutoTrader: Best for comparing options

If you're looking for a site with extensive inventory, this is it — AutoTrader has millions of listings for you to search and filter. Plus, you can choose a car financing option and submit it directly on their site.

Dodge has the highest inventory level, while Toyota has the lowest. Of the top-selling 30 models, the ones with the lowest inventory were mostly Toyota and Honda models. The new Toyota Grand Highlander had the lowest, followed by the Ford Maverick, which comes standard as a hybrid.

Experts say that 2024 will be the best year to purchase a new car since 2019. As interest rates slowly drop throughout the remainder of the year, payments will become more manageable. Don't overlook manufacturer rate promotions, as they can save you thousands of dollars.

There's no rule to how many miles on a used car is too much, but by attempting to stick to the 12,000 miles per year rule is a great place to start. Find out how old the car is, multiple the number of years by 12,000, and if the number on the odometer is significantly higher than that, some concern might be warranted.

Unsold vehicles stay in the dealer's lot until someone buys them. Unsold new cars may be sold at a discounted price or used as service loan vehicles. It might be a good idea to buy an unsold unit of the previous model year because these vehicles are in good condition and are typically unused.

The Toyota Corolla is the best-selling car of all time with over 50 million units sold. Many choose the Corolla for its affordability, safety features, driving assistance tech, and reliable performance. Other top-selling vehicles include the Ford F-Series, Volkswagen Golf, and Honda Civic.

1. Ford F-Series. The Ford F-150's offers the best attributes of a modern pickup: power, efficiency, comfort and capability. Add to that a huge range of configurations and options, and you've got the best-selling vehicle in America for 2023.

After nearly two years of record low inventory, automakers are finally bringing more cars to the U.S. market. New car inventory is rising in 2024. Inventory now exceeds historical norms, following a few years of shortages. This is GREAT news for new car buyers on the hunt for a deal.

Are used car inventories increasing? ›

May used car inventory increased 4% from April, helping lower the average price by 7% to $28,861 from a year ago, she said. Used electric vehicles (EVs) are notably more affordable, with prices declining 19% from last year, Lindland said.

We're on the cusp of a shortage of used cars, with supply down 4% from January 2023. There are roughly 800,000 fewer used cars to choose from now, with an average list price of $28,859. That average price may be down 2.9%, but it's still 36% higher than what it was in January 2019.

What vehicle are you interested in? After nearly two years of record low inventory, automakers are finally bringing more cars to the U.S. market. New car inventory is rising in 2024. Inventory now exceeds historical norms, following a few years of shortages.

Compared to May 2023, used car inventories in dealerships across the country have risen by six percent, with 2.27 million unsold vehicles remaining as of May 2, 2024.