March opened with 76 days of supply across the industry, as brisk February sales drew down new-vehicle inventory as measured in days’ supply, according to Cox Automotive’s analysis of vAuto Live Market View data. 2.74M Total Inventoryas of March 4,…
ATLANTA, March 11, 2024 – New-vehicle transaction prices (ATP) in February 2024 held mostly steady, according to an analysis by Kelley Blue Book, falling less than one-tenth of 1% from the revised January ATP. The average transaction price of a new…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in February compared to January. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.8, a decline of 13.1% from a year ago. The index was down…
According to estimates based on vAuto Live Market View data, retail used-vehicle sales in January increased from December but were down by 3.1% compared to January 2023. A total of 1,354,075 used vehicles were sold at retail – from both franchised…
According to a recent analysis of Xtime metrics by Cox Automotive, service activity at franchised dealerships in the U.S. increased in January compared to December. The Repair Order Volume Index fell compared to January 2023, while the Repair Order Revenue…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.9% from January in the first 15 days of February. The midmonth Manheim Used Vehicle Value Index dropped to 202.1, which was down 13.8% from the full month…
Used-vehicle inventory opened February at lower levels than it closed 2023, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.33M Total UnsoldUsed Vehiclesas of Feb. 5, 2024 49 Days’ Supply $25,638 Average Listing Price 69,240 Average Mileage…
February opened with 80 days of new-vehicle supply across the industry, the highest since June 2020, according to Cox Automotive’s analysis of vAuto Available Inventory data. 2.61M Total Inventoryas of Feb. 2, 2024 80 Days’ Supply $47,142 Average Listing Price…
Trends in new-vehicle affordability factors moved in support of consumers in January, leading to better affordability compared to December and much improvement year over year, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “Just as new-vehicle affordability improved in…
After the six-week strike by the UAW ended, Stellantis estimated that it lost about $3 billion in revenue and less than $800 million in profits. That is less than the losses experienced by General Motors and Ford. The actual numbers…
