In May, there was a significant increase in the number of new vehicles available for purchase compared to the previous year. On the other hand, the listings for used vehicles saw a decline during the same period. New-vehicle listings saw a month-over-month increase of 2.3% and a year-over-year increase of 52.6%, totaling 3.1 million units by the end of May 31st. This data comes from MarketCheck, a company based in Brooklyn, N.Y., that monitors listings for new and used cars from 35,000 sources.
FAQ
What is the source of the data mentioned in this article?
The data is sourced from MarketCheck, a company based in Brooklyn, N.Y., that tracks listings for new and used cars from 35,000 sources.
How much did new-vehicle listings increase year over year in May?
New-vehicle listings increased by 52.6% year over year in May.
Conclusion
The data from MarketCheck indicates a significant increase in new-vehicle listings in May compared to the previous year. This trend highlights the growing availability of new vehicles for purchase in the market.
