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All
Smoke on Cars
Commentary & Voices
Data Point
Economy & Trends
CAMIO
2 min read
New-Vehicle Inventory Increases While Steady Sales Pull Down Days’ Supply
04/18/2024
April opened with 72 days of new-vehicle supply across the industry, down seven days from the start of March, as higher volumes in recent weeks helped to keep inventory in check. According to Cox Automotive’s analysis of vAuto Live Market View, the total U.S. supply of available unsold new vehicles opened April at 2.77 million units. That is 870,000 units – or 46% – above a…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
5 min read
Wholesale Used-Vehicle Prices Decrease in First Half of April
04/17/2024
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased by 1.9% from March during the first 15 days of April. The mid-month Manheim Used Vehicle Value Index dropped to 199.2, which was 13.7% lower than the full month of April 2023. The seasonal adjustment amplified the results. The non-adjusted price change in the first half of April declined by 0.2% compared to March,…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Data Point
5 min read
Cox Automotive Auto Market Report: April 16th
04/16/2024
The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation
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Market Insights
Smoke on Cars
Economy & Trends
4 min read
Big Changes Ahead for Used-Vehicle Transport
04/15/2024
After years of steady state in vehicle logistics, the sector is now evolving at light speed. And while this increased pace means new challenges for shippers, carriers and brokers, the good news is that technology-driven solutions are advancing just as rapidly. I recently had the chance to speak about these trends during the Q1 Manheim Used Vehicle Value Index call, focusing on two of the biggest…
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Logistics
Market Insights
Commentary & Voices
2 min read
Used Retail Vehicle Sales Increase in March
04/15/2024
According to vAuto Live Market View data estimates, retail used-vehicle sales in March increased from February and were up by 18.5% month over month. A total of 1.66 million used vehicles were sold at retail – from both franchised and independent dealers – during March, up 10.9% year over year and the highest volume since March 2022. In what is usually a high month for used-vehicle sales, sales…
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used-vehicle sales
CPO sales
Market Insights
Data Point
2 min read
New-Vehicle Affordability Improves in March
04/15/2024
Trends in new-vehicle affordability factors moved in support of consumers again in March, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “The positive moves were assisted by the first material decline in interest rates in over two years,” said Cox Automotive Chief Economist Jonathan Smoke. “However, given the move-up in rates so far in April, that decline is likely to be short-lived.” Along with the…
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Vehicle Affordability Index
Cox Automotive/Moody's Analytics Vehicle Affordability Index
vehicle affordability
Market Insights
Data Point
4 min read
Auto Market Weekly Summary
04/15/2024
Highlights: Headline inflation continues to run hotter than expected. Access to auto credit improved in March, according to the Dealertrack Credit Availability Index, partially reversing the tightening observed over the prior three months. Auto loan performance saw mixed trends in March, as delinquencies declined but defaults increased. Most measures of consumer sentiment have declined so far in April. Headline Inflation Hits Highest Level Since September Headline…
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Market Insights
Smoke on Cars
Economy & Trends
1 min read
Automotive Insights: Trends, Fraud and Future
04/12/2024
Scott McMahon, alliance manager for Automotive Partnerships at Equifax, leads a panel discussion on current trends, the rising challenge of fraud in the automotive space, and the industry's outlook, with a special focus on consumer affordability and the evolving electric vehicle (EV) market. His esteemed panel includes Steve Greenfield, general partner at Automotive Ventures; Marguerite Watanabe, president of Connections Insights; and Jeremy Robb, senior director of…
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Market Insights
Commentary & Voices
5 min read
New-Vehicle Average Transaction Prices Drop to Lowest Level in nearly Two Years, According to Latest Kelley Blue Book Estimates
04/12/2024
ATLANTA, April 12, 2024 – New-vehicle transaction prices (ATP) in March 2024 held mostly steady, according to an analysis by Kelley Blue Book, down 1% from the revised February ATP. Last month, the average transaction price of a new vehicle in the U.S. was $47,218, down 1% from March 2023 and down 5.4% from the market peak in December 2022. Still, new-vehicle prices in the U.S. remain higher…
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ATP
average transaction price
new-vehicle prices
Market Insights
Data Point
4 min read
EV Sales Growth Slows; Market Leader Tesla Stalls
04/11/2024
Electric vehicle (EV) sales growth in the U.S. continues to slow, according to sales data analyzed by Kelley Blue Book. In the first quarter of 2024, Americans bought 268,909 new electric vehicles, according to Kelley Blue Book counts. EV share of total new-vehicle sales in Q1 was 7.3%, a decrease from Q4 2023. While annual EV sales continue to grow in the U.S. market, the growth…
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Sales
new-vehicle sales
U.S. auto sales
Electric Vehicles
EVs
EV
Electrified Vehicles
Market Insights
Data Point
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