In December, sales into large rental and government fleets increased compared to the previous year, with rental having a particularly strong month. Commercial sales decreased year over year but were up month over month. An analysis of Bobit’s data by…
According to a recent analysis of Xtime metrics by Cox Automotive, service activity at franchised dealerships in the U.S. decreased in November, following a rise in October. The Repair Order Volume Index fell compared to November 2022, while the Repair…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.3% from November in the first 15 days of December. The midmonth Manheim Used Vehicle Value Index rose to 205.5, which was down 6.3% from the full month…
Certified pre-owned (CPO) sales reached 205,863 in November, up 3.8% year over year, with an increase of 7,550 units from November 2022. However, this represents a slight month-over-month decrease, as CPO sales were down by over 1,300 units, or 0.6%.…
Used-vehicle inventory volume at the start of December, at 2.36 million units, was higher by 2.4% than in early November. Still, days’ supply fell month over month, indicating used-vehicle sales growth outpaced inventory growth last month, according to the Cox…
New-vehicle affordability improved slightly month over month and was again better year over year, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “Trends in new-vehicle affordability factors mainly moved in favor of consumers in November to the best level…
December opened with new-vehicle inventory at the highest level since early spring of 2021, according to Cox Automotive’s analysis of vAuto Available Inventory data. Supply surpassed 2.5 million units and 71 days’ supply for the first time in two years.…
ATLANTA, Dec. 11, 2023 – The U.S. new-vehicle average transaction price in November 2023 was $48,247, an increase of less than 1% month over month and down year over year by 1.5%, according to data released today from Kelley Blue Book,…
According to the Dealertrack Auto Credit Availability Index for all types of auto loans, access to auto credit worsened in November. Following loosening across all channels and all lender types for most of the fall months, credit access is expected…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 2.1% in November from October. The Manheim Used Vehicle Value Index (MUVVI) dropped to 205.0, down 5.8% from a year ago. “While November’s decline was only slightly less…
