New-vehicle affordability declined again in December and reached a new low in 2022, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. Auto loan rates reached a new 20-year high and the average new-vehicle price increased to a record-high $49,507. The…
In an auto market that saw total new vehicles fall 8% year over year, battery-electric vehicles (EVs) sales were a bright spot. According to the latest counts from Kelley Blue Book, total new-vehicle sales in the U.S. fell in 2022…
The used-vehicle market has stabilized, resembling the pre-pandemic normal, with inventory holding steady and prices dipping from their record highs, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.32M Total UnsoldUsed Vehiclesas of Dec. 26, 2022 54…
Certified pre-owned (CPO) sales in December rose 13.6%, nearly 27,000 units, from November to finish at 225,241. This total is up 20.6%, or nearly 40,000 units from December 2021. CPO sales finished 2022 at nearly 2.47 million units, a decline of…
Revised, Feb. 16, 2023 – New-vehicle inventory stacked up in December, suggesting some automakers may be forced to bring back incentives to spur sluggish sales and draw down supply, according to Cox Automotive’s analysis of vAuto Available Inventory data. Despite…
ATLANTA, Jan. 11, 2023 – The average transaction price (ATP) of a new vehicle in the U.S. hit a record high in December at $49,507, an increase of 1.9% ($927) from November and up 4.9% ($2,297) from year-earlier levels. New-vehicle…
Access to auto credit tightened again in December, according to the Dealertrack Credit Availability Index for all types of auto loans. The All-Loans Index declined 2.1% to 99.1 in December, reflecting that auto credit was harder to get in the…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 0.8% in December from November. The Manheim Used Vehicle Value Index (MUVVI) rose to 219.3, down 14.9% from a year ago. This was the largest annualized decline in…
Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 3.0% month over month in December to 165,809 units, according to an early estimate from Cox Automotive. Combined sales into large rental, commercial, and government fleets were…
Service activity and service revenue decreased slightly at U.S. franchised dealerships in November, according to the latest Cox Automotive analysis of Xtime metrics. Both the Repair Order Revenue Index and Repair Order Volume Index decreased slightly month over month, but…
