Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) dropped from January in the first 15 days of February. The mid-month Manheim Used Vehicle Value Index fell to 203.3, now showing a decline of 0.2% from the full month of February 2024. The seasonal adjustment countered the February non-adjusted price increase. The non-adjusted … Continued
New-vehicle affordability improved in January to the best level in 41 months, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “New-vehicle affordability received a boost from the lower prices typically observed in January following the luxury brand sales surge in December,” said Jonathan Smoke, chief economist at Cox Automotive. “These lower prices, combined with … Continued
According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in January1 increased month over month compared to December. A total of 1.41 million used vehicles were sold at retail – from both franchised and independent dealers – during January, up 8% year over year. Days’ supply of used vehicles at the … Continued
According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels increased from January to the start of February. Still, used-vehicle inventory was lower than in early February 2024. 2.23M Total UnsoldUsed Vehiclesas of Feb. 3, 2025 48 Days’ Supply $25,128 Average Listing Price 70,367 Average Mileage As February opened and tax season … Continued
December brought an optimistic end to the year, with consumer sentiment riding high and high-priced vehicles selling like hotcakes. As is common in the new year, consumers slow down; new-vehicle sales in January were down by 25% month over month. Weather disruptions and the general desire to focus on the year ahead leave more buyers … Continued
The monthly new-vehicle average transaction price (ATP) report from Cox Automotive’s Kelley Blue Book was released today. Key takeaways in January include: NEW-VEHICLE AVERAGE TRANSACTION PRICE Quote from Erin Keating, Executive Analyst Cox Automotive. “After a surprisingly hot December, both new-vehicle sale volume and prices were lower in January as the market took a seasonal … Continued
In January 2025, the Dealertrack Credit Availability Index reported an improvement in auto credit accessibility across all channels, with varying results among different types of lenders. The All-Loans Index reached 95.4, flat from December but a 2.9% rise year over year. This remains the highest level of auto credit access since March 2023, considering December’s … Continued
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) moved 0.4% higher in January compared to December, causing the Manheim Used Vehicle Value Index (MUVVI) to increase to 205.6, a gain of 0.8% from a year ago. The seasonal adjustment to the index muted the movement for the month, as non-seasonally adjusted values … Continued
As December 2024 wrapped up, the U.S. electric vehicle (EV) market continued to reach new milestones. December saw record-breaking EV market share for both new and used EVs, with inventory levels tightening and closing the gap between EVs and ICE+ models. While the average transaction price for new EVs edged up slightly, the average listing … Continued
According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in December1 were flat month over month compared to November. A total of 1.4 million used vehicles were sold at retail – from both franchised and independent dealers – during December, up 12% year over year. Days’ supply of used vehicles at … Continued