Short supply of used cars a big issue in otherwise rosy 2025 outlook

The arrows are pointing up for almost all aspects of the auto retail industry in 2025 – with one notable exception.

The supply of used vehicles.

In Cox Automotive’s recent 2025 forecast call with industry media and analysts, chief economist Jonathan Smoke painted a rosy picture for what’s ahead. His analysis of economic conditions showed green lights for the overall economy, consumers’ buying ability and auto finance, and no red lights. Interest rates are down and likely to be cut again at least twice this year, providing a little relief from affordability concerns. And car shoppers, who had been ...