Service activity increased while service revenue decreased slightly at U.S. franchised dealerships in October, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Volume Index increased modestly, while the Repair Order Revenue Index slipped slightly to…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.4% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index rose to 200.7, which was down 13.7% from the full month…
Revised, Dec. 16, 2022 – Used-vehicle asking prices fell throughout the month of October to their lowest average since April as inventory matches pre-pandemic 2019 levels, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.44M Total UnsoldUsed…
Revised, Dec. 14, 2022 – New-vehicle inventory closed October at its highest level since May 2021, and prices stayed high, according to Cox Automotive’s analysis of vAuto Available Inventory data. Over the past three months, all but four major brands…
New-vehicle affordability declined again in October with auto loan rates reaching a 20-year high as prices increased slightly, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. The number of median weeks of income needed to purchase the average new…
The Inflation Reduction Act (IRA) of 2022 is a far-reaching collection of legislation that was signed into law by President Biden on August 16, 2022. The IRA will impact everything from health care to drug prices, from manufacturing to corporate…
Certified pre-owned (CPO) sales in October rose 2.5%, just over 5,000 units, from September to finish at 207,547. This total is down over 9,000 units from last October. Year to date, CPO sales are down over 335,000 units, or 14.1%, and…
Of all new-vehicle shoppers in the third quarter, 27% considered an electrified vehicle, which includes full electric vehicles (EVs), hybrids and fuel-cell vehicles, according to research from Kelley Blue Book. That is the same percentage as in the second quarter…
Access to auto credit expanded slightly for the second consecutive month in October, according to the Dealertrack Credit Availability Index for all types of auto loans. The All-Loans Index increased 0.2% to 103.9 in October, reflecting that auto credit was…
ATLANTA, Nov. 9, 2022 – The average price paid for a new vehicle in the United States in October 2022 was up from September and remains above the $48,000 mark, according to data released today by Kelley Blue Book, a…
