Cox Automotive provides forecasts on the new and used vehicle markets, leasing, fleet and CPO sales, and the Manheim Used Vehicle Value Index. Updates to the full-year 2025 forecasts were announced during the Q1 Cox Automotive Industry Insights and Sales Forecast Call on March 26. The Economic and Industry Insights team reviews the forecasts quarterly … Continued
Last month, new electric vehicle (EV) sales slightly declined but reached a record high for February, with luxury brands performing well. Used EV sales also declined month over month but grew significantly year over year. Days’ supply increased for both new and used EVs but remained significantly lower than the prior year. Pricing trends showed a … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) dropped from February in the first 15 days of March. The mid-month Manheim Used Vehicle Value Index fell to 200.8, now showing a decline of 1.1% from the full month of March 2024. The seasonal adjustment worked against the March non-adjusted price increase. The … Continued
According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in February1 increased month over month compared to January. A total of 1.57 million used vehicles were sold at retail – from both franchised and independent dealers – during February, up 6% year over year. Days’ supply of used vehicles at the … Continued
According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of March decreased from February and were lower than in early March 2024. 2.18M Total UnsoldUsed Vehiclesas of March 3, 2025 42 Days’ Supply $25,006 Average Listing Price 71,298 Average Mileage As March opened, the total supply of used … Continued
New-vehicle affordability improved in February to the best level since the summer of 2021, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “Affordability is relative,“ noted Jonathan Smoke, chief economist at Cox Automotive. “We’re back to a K-shaped economy where higher-income individuals are faring much better, while lower-income individuals face more challenges. In February, … Continued
Tax season is off to a strong start, with 28% of all refunds issued totaling $102.25 billion, a 10% increase from last year, according to the most recent data available on Feb. 21. The average refund has risen 7% year over year to $3,453, providing a significant cash boost to Main Street USA. Additionally, annual … Continued
The monthly new-vehicle average transaction price (ATP) report from Cox Automotive’s Kelley Blue Book was released today. Key takeaways from February include: NEW-VEHICLE AVERAGE TRANSACTION PRICE Quote from Erin Keating, Executive Analyst Cox Automotive “February marks the five-year anniversary of the last ‘clean month’ of data prior to the global COVID pandemic that shifted the … Continued
In February 2025, the Dealertrack Credit Availability Index revealed improvement in auto credit access across all channels, except new, and was mixed across lender types. The All-Loans Index reached 95.9, up from January and a 3.0% rise year over year. This is the highest level of auto credit access since December 2022. Dealertrack Credit Availability … Continued
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in February compared to January. The Manheim Used Vehicle Value Index (MUVVI) decreased to 204.1, which reflects a 0.1% increase from a year ago. The seasonal adjustment to the index drove the monthly move for the index, as non-seasonally adjusted values rose … Continued