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Register Today: Cox Automotive Industry Insights and Forecast 2025 Call 11/19/2024 The Cox Automotive Economic and Industry Insights team looks forward to providing even more actionable and thought-provoking insights in 2025. Register now for the Cox Automotive Industry Insights and Forecast 2025 call, scheduled for Tuesday, Dec. 17, at 11 a.m. EST. Traditionally, the Industry Insights webcast is hosted in January to kick off the new year. This year, the event is moved up to deliver the 2025 forecast well before the… Read Article

Market Insights Commentary & Voices

Wholesale Used-Vehicle Prices Increase in First Half of November 11/19/2024 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.6% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index increased to 206.1 and is now showing a gain of 0.5% from the full month of November 2023. The seasonal adjustment amplified the results for the month, as the seasonal factor moved much closer to the long-term… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Auto Market Weekly Summary 11/18/2024 Key Highlights Headline inflation rose by 0.2% in October, with significant contributions from shelter and transportation costs. Retail sales in the auto sector increased by 1.6% in October, outpacing the broader market. Auto loan performance remains weak, with 60-day+ delinquencies rising for the sixth consecutive month. Inflation Rises The auto industry is experiencing price dynamics influenced by inflation trends. Headline inflation rose by 0.2% in October,… Read Article

Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends

Cox Automotive Deal API Revolutionizes Car Buying with Omnichannel Deal Connectivity 11/18/2024 ATLANTA, Nov. 18, 2024 – Cox Automotive Deal API, a cutting-edge solution from Cox Automotive, is transforming the automotive industry by enabling omnichannel car-buying experiences across all online channels and in-store systems. Cox Automotive Deal API empowers OEMs, lenders and independent software partners to deliver deal consistency at every touchpoint, bridging data gaps between systems and making it easier to buy and sell cars. Cox Automotive… Read Article

Press Releases

New-Vehicle Affordability Improves in October 11/15/2024 New-vehicle affordability improved in October as interest rates declined, incentives increased, and income gains all favored the consumer, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. October had the best vehicle affordability level since August 2021. “Auto loan rates are beginning to decline, offering some relief to consumers,” said Cox Automotive Chief Economist Jonathan Smoke. “In October, we also observed an improvement in auto credit availability.… Read Article

Vehicle Affordability Index Cox Automotive/Moody's Analytics Vehicle Affordability Index vehicle affordability Market Insights Data Point

Expert Outlooks: Jonathan Smoke 11/15/2024 Cox Automotive experts are here to help you make the most of NADA2025 and the year ahead. In the first installment of our new “Expert Outlooks” series, Jonathan Smoke, SVP & Chief Economist, shares his unique perspective on the themes that shaped 2024 and why he is optimistic about next year. Read Article

Speaker Sessions Economy & Trends

Used Retail Vehicle Sales Increase in October 11/15/2024 According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in October1 increased by nearly 7% month over month from September. A total of 1.4 million used vehicles were sold at retail – from both franchised and independent dealers – during October, up 12% year over year. Days’ supply of used vehicles at the end of October was 45, down from a revised… Read Article

used-vehicle sales CPO sales Market Insights Data Point

Used-Vehicle Inventory Increases to Start November, Days’ Supply Drops With Strong Sales 11/14/2024 According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of November were higher than in October but lower than in early November 2023. 2.17M Total UnsoldUsed Vehiclesas of Nov. 4, 2024 45 Days' Supply $25,499 Average Listing Price 70,326 Average Mileage As November opened, the total supply of used vehicles on dealer lots – franchised and independent – across… Read Article

Inventory used-vehicle prices used-vehicle inventory Market Insights Data Point

New-Vehicle Inventory Tops 3 Million for the First Time Since the Pandemic Even as Sales Gain Momentum 11/14/2024 The election is over and decisive. Consumer sentiment, according to Morning Consult, has improved for five straight months and is at the highest level in three and a half years. Indeed, October sales in the automotive industry saw an increase of 13% over the same time last year, and yet, new-vehicle inventory continues to rise. As the year winds down, we’re seeing some interesting trends in… Read Article

Inventory new-vehicle inventory new-vehicle prices Market Insights Data Point

Kelley Blue Book Report: New-Vehicle Incentives Climb Higher in October, as Many Automakers Work to Clear Inventory 11/12/2024 The average transaction price (ATP) paid for a new vehicle in the U.S. in October was $48,623, according to new data from Kelley Blue Book. Transaction prices last month were higher than the revised September price ($48,423) and higher by 1.7% from year-earlier levels ($47,826). For more than a year now, new-vehicle prices in the U.S. have remained mostly unchanged and near $48,500, as higher inventory… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point

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