May supplies reached 1.96 million, well above a year earlier, though still under historical norms.
Economic headwinds are not deterring sales, Cox Automotive analysts find.
May index lowest since February 2021 as subprime, negative-equity shares fall.
Despite a stronger Q2 market, negative sentiment lingers over weak economic conditions and high interest rates, Cox Automotive says.
Retail prices have yet to follow, though many consumers are already reacting to the combined sting of prices and interest rates.
Next Inspect puts the power of Cox Automotive in the hands of automakers, captive lenders and fleet owners to help them capture vehicle condition, make more informed vehicle decisions.
Consumer income increases, lower new-vehicle prices and higher incentives increased affordability, found the Cox Automotive/Moody's index.
April increase is the latest in a nine-month streak.
Car shoppers save money over time buying brands, models with lowest projected ownership costs.
Insights from Cox Automotive’s vAuto inform a new merchandising framework that can help dealers win more shoppers.
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