ATLANTA, Oct. 9, 2024 – According to data released today by Kelley Blue Book, the average transaction price (ATP) for a new vehicle in the U.S. was $48,397 in September. The September ATP increased modestly from August but was lower year…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in September compared to August. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.0, a decline of 5.3% from a year ago. The seasonal adjustment to…
Cox Automotive provides forecasts on the new and used vehicle markets, leasing, fleet and CPO sales, and the Manheim Used Vehicle Value Index. The full-year 2024 forecasts were presented during the Q3 Cox Automotive Industry Insights and Sales Forecast Call…
According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of September were higher than in August. 2.18M Total UnsoldUsed Vehiclesas of Sept. 5, 2024 42 Days’ Supply $25,172 Average Listing Price 70,950 Average…
According to the most recent analysis of vAuto Live Market View data, sales volume and days’ supply average have stabilized following two months of reporting volatility. An industry-wide disruption caused by a cyber breach at a widely used dealer management…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 0.2% from August in the first 15 days of September. The mid-month Manheim Used Vehicle Value Index decreased to 203.6, down 5.0% from the full month of September…
According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in August increased from July. The 8% month-over-month gain pushed retail sales estimates to the highest level since October 2021. A total of 1.7 million used…
New-vehicle affordability improved in August to the best level since May 2021 as every factor moved in the consumer’s favor, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. Factors leading to improved new-vehicle affordability include lower prices and interest…
ATLANTA, Sept. 10, 2024 – For the 11th straight month, the average transaction price (ATP) for a new vehicle in the U.S. was lower year over year, according to data released today by Kelley Blue Book, as higher inventories continue to…
Access to auto credit declined again in August as credit tightened across all channels and most lender types, according to the Dealertrack Credit Availability Index. The All-Loans Index was 92.5 in August, down 0.5% from the July reading and down…
