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All
Smoke on Cars
Commentary & Voices
Data Point
Economy & Trends
CAMIO
2 min read
Auto Market Weekly Summary
10/28/2024
Key Highlights Existing home sales declined 1.0% in September, marking the lowest level since 2010. New home sales grew more than expected, with a 4.1% monthly increase. Consumer sentiment rose by 0.6% in October, surprising analysts. Housing Market Trends The housing market displayed mixed trends in September, with existing and new home sales diverging significantly. Existing home sales dropped 1.0% in September, reaching the lowest level…
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Auto Market Weekly Summary
Market Insights
Smoke on Cars
Economy & Trends
2 min read
Cox Automotive Forecast: October New-Vehicle Sales Steady, Volume Expected to Rise Despite Election Uncertainties and Weather Events
10/24/2024
ATLANTA, Oct. 24, 2024 – October new-vehicle sales are expected to remain steady at a seasonally adjusted annual rate (SAAR), or sales pace, of 15.8 million, unchanged from the sales pace in September. However, sales volume in October is anticipated to increase by 10% compared to last month and finish the month higher by 7.9% compared to last October, primarily due to the differences in the…
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new-vehicle sales
sales forecast
SAAR
Press Releases
3 min read
EV Market Monitor – September 2024
10/22/2024
The electric vehicle (EV) market continues to expand in the U.S., as recent Cox Automotive data reveal a year-over-year rise in sales for both new and used EVs. September marked the sixth consecutive month in which new EV sales surpassed 100,000 units. EV share of new vehicle sales achieved a notable 9% last month, the highest level to date. The price difference between electric and traditional…
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Electric Vehicles
EV sales
Market Insights
Data Point
1 min read
Manheim Market Insights Series: Episode 26
10/21/2024
Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights the mid-month Manheim Used Vehicle Value Index (MUVVI), days’ supply, affordability and electric vehicle prices both…
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Manheim Market Insights
Market Insights
Commentary & Voices
3 min read
Auto Market Weekly Summary
10/21/2024
Key Highlights Retail Sales Performance: September saw a stronger-than-expected 0.4% monthly gain in consumer spending, with the auto sector underperforming the rest of the retail market. Residential Construction Trends: Both permits and starts declined in September, with the multifamily sector showing the most significant drops. Labor Market and Consumer Sentiment: Initial jobless claims declined, but continuing claims increased, indicating a deteriorating labor market. Consumer sentiment also…
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Auto Market Weekly Summary
Market Insights
Smoke on Cars
Economy & Trends
2 min read
Used-Vehicle Inventory Slightly Declines in October; Days’ Supply and Listing Prices Rise
10/18/2024
According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of October were lower than in September. 2.15M Total UnsoldUsed Vehiclesas of Oct. 3, 2024 47 Days' Supply $25,361 Average Listing Price 71,918 Average Mileage As October opened, the total supply of used vehicles on dealer lots – franchised and independent – across the U.S. was at 2.15 million units,…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
2 min read
Used Retail Vehicle Sales Decrease in September
10/18/2024
According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in September1 decreased by 9% month over month from August. A total of 1.4 million used vehicles were sold at retail – from both franchised and independent dealers – during September, a 5% year-over-year increase. Days’ supply of used vehicles at the end of September was 47, up from a revised 45 days…
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used-vehicle sales
CPO sales
Market Insights
Data Point
4 min read
With Steady Sales, New-Vehicle Inventory Begins to Look and Feel “Normal”
10/17/2024
This has been the year of automotive market “blips.” In just the last four months, we have seen an industry-wide disruption due to a cyber breach, two major hurricanes within two weeks of each other, and significant selling-day variations in the last two months. And let’s not forget business disruptions in both factories and the major ports of the East and Gulf coast, several key model…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
5 min read
Wholesale Used-Vehicle Prices Increase in First Half of October
10/17/2024
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.3% from September in the first 15 days of October. The mid-month Manheim Used Vehicle Value Index increased to 203.5, down 2.8% from the full month of October 2023. The seasonal adjustment reduced the results for the month. The non-adjusted price change in the first half of October fell 1.7% compared to September, and…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Data Point
2 min read
New-Vehicle Affordability Unchanged in September
10/16/2024
New-vehicle affordability was unchanged in September, as various factors offset any potential benefits for consumers, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “Even with a larger-than-expected rate cut by the Fed in September, there hasn’t been a material improvement in auto loan rates or the overall affordability of new vehicles,” said Cox Automotive Chief Economist Jonathan Smoke. “Despite the minimal movement this fall, September…
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Vehicle Affordability Index
Cox Automotive/Moody's Analytics Vehicle Affordability Index
vehicle affordability
Market Insights
Data Point
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