Used-vehicle inventory across U.S. dealer lots remained stable at 2.21 million units in early July, showing little change from both the previous month and the same time last year, according to Cox Automotive.

Retail sales dipped slightly in June to 1.46 million units—down from May—but the decline is considered seasonally typical, with demand still strong due to affordability issues in the new-car market.

Sales outpaced last year by 2%, and days’ supply held steady at 45, though still below pre-pandemic norms.

The average used-vehicle listing price edged up to $25,512, about 1% higher year over year, while affordable used cars under $15,000 remained scarce with just 32 days’ supply.

The most popular models averaged $23,800—nearly 7% below the overall market average—with Ford, Chevrolet, Toyota, Honda, and Nissan accounting for nearly half of all used sales.