According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in November1 increased by nearly 2% month over month from October. A total of 1.4 million used vehicles were sold at retail – from both franchised and independent dealers – during November, up 13% year over year. Days’ supply of used vehicles … Continued
As 2024 draws to a close, the U.S. electric vehicle (EV) market continues to gain momentum. November saw steady growth in sales for both new and used EVs, with inventory tightening and narrowing the gap between EVs and ICE+ models. Additionally, the average transaction price for new EVs and the average listing price for used EVs … Continued
November saw another month of increased sales pace as consumers and dealers alike expressed optimism and confidence in the economy and vehicle availability. Inventory increased by just over 8,700 units through the month of November. Sales increased by 6.5%, with 67,000 more units sold in November compared to October. 3.15M Total Inventoryas of Dec. 5, … Continued
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) showed no change from November in the first 15 days of December. The mid-month Manheim Used Vehicle Value Index remained at 205.4, now showing a gain of 0.7% from the full month of December 2023. The seasonal adjustment enhanced the results for the month, … Continued
In November 2024, the Dealertrack Credit Availability Index revealed a notable improvement in auto credit access across all channels and lender types. The All-Loans Index reached 95.4, marking a 1.0% increase from October and a 0.8% rise year over year. This is the highest level of auto credit access since October 2023. Dealertrack Credit Availability … Continued
New-vehicle affordability declined in November, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. Lower interest rates, higher incentives and increased incomes could not offset the impact of rising prices. “In November, affordability saw a slight dip from the previous month as demand intensified, but the good news is that new vehicles are still more … Continued
New-vehicle prices in November climbed higher year over year for the second straight month, according to data from Kelley Blue Book released today. Last month, the average transaction price (ATP) for a new vehicle was $48,724, an increase of $699, or 1.5%, from November 2023. The November ATP was also higher by $720 compared to … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were higher in November compared to October. The Manheim Used Vehicle Value Index (MUVVI) rose to 205.4, an increase of 0.2% from a year ago. The seasonal adjustment to the index amplified the change for the month, as non-seasonally adjusted values declined slightly. The … Continued
The U.S. electric vehicle (EV) market is on track for another record-breaking year, with October showing growth in both new and used EV sales. During this period, the gap in days’ supply between new EVs and new traditional models remained wider than the gap for those vehicles in the used market. Meanwhile, the average transaction … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.6% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index increased to 206.1 and is now showing a gain of 0.5% from the full month of November 2023. The seasonal adjustment amplified the results for the … Continued