CarGurus Sees 10% Refund Increase and Highest U.S. Car Supply Since 2020
CarGurus reports average tax refunds are 10% higher, coinciding with U.S. car supply at its highest since mid-2020. CarGurus flags Florida and Ohio with median new list prices under $44,000 and used options in five states with medians below $20,800.
1. Tax Refunds and Market Supply
CarGurus data shows the average tax refund is up 10% year-over-year while new car inventory has climbed to its highest point since mid-2020. Elevated stock levels for models like Dodge Hornet (316 median days on market) and Cadillac XT6 (214 days) are shifting negotiating leverage toward buyers.
2. Regional Pricing Opportunities
The platform identifies Florida and Ohio as top states for new-car value, with median list prices of $42,288 and $43,773 against a $45,179 national median. In the used segment, Florida (median $19,614; avg. mileage 41,087; model year 2022) and Texas (median $19,999; avg. mileage 43,403; model year 2022) lead supply in the sub-$25,000 sweet spot.
3. AI Tools for Smarter Shopping
CarGurus highlights its AI-driven Discover feature for conversational search based on budget and location, and in-lot Dealership Mode for side-by-side comparisons and final price calculations. Shoppers can also filter by distance to compare in-state versus out-of-state options where pricing or inventory may be more favorable.