A recent analysis by Cox Automotive of Xtime metrics revealed that service activity increased notably at franchised dealerships in the U.S. in May compared to the previous month. Meanwhile, service revenue decreased just slightly from its previous record highs in…
Certified pre-owned (CPO) sales in May rose 5.4%, over 11,000 units, from last May to finish at 219,633. This total is up nearly 5,000 units, a 2.3% increase from April’s number. CPO sales year to date remain up 6.0%, or…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 3.2% from May in the first 15 days of June. The midmonth Manheim Used Vehicle Value Index dropped to 217.3, which was down 9.4% from the full month…
Revised, July 14, 2023 – The inventory and days of supply of used vehicles edged higher at the end of May from April, and the average listing price climbed past the $27,000 mark, according to the Cox Automotive analysis of…
Revised, July 13, 2023 – New-vehicle inventory in May reached its highest level in two years, according to Cox Automotive’s analysis of vAuto Available Inventory data, with a notable increase from the previous month. Days of supply increased due to…
New-vehicle affordability improved slightly again in May. Strong income growth helped to offset modestly higher prices and slightly higher rates. Higher prices and rates caused the typical payment to increase slightly from what had been the lowest payment in April…
ATLANTA, June 12, 2023 – The average price Americans paid for a new vehicle in May remained below the manufacturer’s suggested retail price (MSRP) for the fifth consecutive month, according to data released today by Kelley Blue Book, a Cox…
Access to auto credit tightened again in May, according to the Dealertrack Credit Availability Index for all types of auto loans. Following tightening across all channels and all lender types in April, credit availability declined again in May in most…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 2.7% in May from April. The Manheim Used Vehicle Value Index (MUVVI) declined to 224.5, down 7.6% from a year ago. “Price erosion continued in May, with another…
Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 37.2% year over year in May to 228,342 units, according to an early estimate from Cox Automotive. “May fleet sales had another strong month of gains over…
