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1 min read
Used-Vehicle Retail Listing Prices Decline
Takeaway: Used retail listing prices in 2023 were lower year over year each week compared to 2022 and ended the year down…
Read Article
1 min read
Dealertrack Credit Availability Index Declines Substantially
Takeaway: Access to auto credit has consistently declined since the spring of 2022, a trend that continued through most of 2023. In…
Read Article
2 min read
Used-Vehicle Inventory Closes Out Year at Highest Level in Five Years
Takeaway: After bottoming at a low historical level in Q1, the supply of used units generally rose through most of 2023, ending…
Read Article
1 min read
Certified Pre-Owned Sales Rebound and Outperformed Used-Vehicle Market
Takeaway: Certified pre-owned (CPO) outperformed the overall used-vehicle market. Full-year CPO sales in 2023 exceeded 2.6 million units, up 6.6% compared to 2022.…
Read Article
1 min read
Wholesale Used-Vehicle Prices Decrease
Key takeaways: 2023 ended with the Manheim Used Vehicle Value Index at 204.0, a decline of 7% from one year earlier. The…
Read Article
1 min read
Fleet Sales Outperformed New-Vehicle Sales
Takeaway: The new-vehicle market’s success in 2023 was driven in large part by a notable increase in fleet sales – and mostly…
Read Article
1 min read
Used-Vehicle Sales Increased Year Over Year but Were Hampered by Lower Supply
Takeaway: Used retail sales started the year strong but were hampered by tight supply throughout 2023. In Q4, the markets experienced a…
Read Article
1 min read
New-Vehicle Inventory Level Up 51%
Takeaway: The key driver of new-vehicle sales performance in 2023 was the supply recovery. The year saw consistent improvement in product availability…
Read Article
1 min read
Repair Order Volume Drops While Repair Order Revenue Increases
Takeaway: According to Xtime metrics by Cox Automotive, service activity at franchised dealerships in the U.S. decreased in 2023 while revenue from…
Read Article
1 min read
Record 1.2 Million Electric Vehicles Sold
Takeaway: A record 1.2 million U.S. vehicle buyers chose to go electric in 2023, according to estimates from Kelley Blue Book. More…
Read Article
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