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 of February 2023. The seasonal adjustment added to the decline. The non-adjusted price change in … Continued
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 The total supply of unsold used vehicles on dealer lots – franchised and independent – … Continued
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 At the start of February, the total U.S. supply of available unsold new vehicles was … Continued
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 January to its best level in over two years, access to auto credit moved in … Continued
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 will be revealed when Stellantis reports earnings for the second half and full year 2023 … Continued
In addition to crowning the Kansas City Chiefs national champions, Sunday’s Super Bowl reminded us of two truths: First, television advertising is far from dead. Second, when people see a vehicle they want or want to know more about, they put down the nachos and go to the internet. Cox Automotive’s Autotrader and Kelley Blue … Continued
ATLANTA, Feb. 12, 2024 – The U.S. new-vehicle market sales pace slowed in January 2024, despite lower prices and higher incentives. According to an analysis by Kelley Blue Book, a Cox Automotive company, the U.S. new-vehicle average transaction price (ATP) last month in the U.S. was $47,401, down 2.6% from December 2023 and down a remarkable … Continued
Access to auto credit declined in January as credit tightened across all channels and across most lender types compared to December, according to the Dealertrack Credit Availability Index. The All-Loans Index declined to 93.0 in January, down 3% year over year. The Dealertrack Auto Credit Total Loan Index had shown some improvements during the summer … Continued
Strong U.S. sales in the waning months of 2023 should help lift Honda Motor Co.’s fortunes when it reports quarterly financial results February 8. In the quarter ended September 30, Honda Motor in Japan posted profits up by a third, prompting it to raise its forecast for the fiscal year that ends March 31. Much … Continued
Nissan Motor in Japan reports financial results for the October-to-December quarter February 8 and hopes to repeat the previous quarter’s performance, which featured a sharp 25% increase in profits on sales growth in most markets. The results exceeded analysts’ projections and prompted the Japanese automaker to raise its forecast for the full fiscal year that … Continued