Auto Credit Availability Expands Again in November, Approaches Early 2019 Levels

2 min read

Access to auto credit expanded again in November, according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index increased 0.8% to 101.3 in November, reflecting that auto credit was easier to get in the month compared to October. Access was looser by 6.9% year over year and compared to February 2020, access was looser by 2.1%. The index was last higher in April … Continued

Eight Straight: New-Vehicle Prices Mark Another Record High in November, According to Kelley Blue Book

3 min read

New-vehicle prices increased further into record territory in November, including a modest increase from the month prior. According to new data released today by Kelley Blue Book, average transaction prices (ATPs) are sharply elevated from last year, up more than 13% from November 2020. New-vehicle inventory levels remain tight, and with sufficient consumer demand, dealers have … Continued

Wholesale Prices Increased at Slowing Pace in November

4 min read

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.9% month over month in November. This brought the Manheim Used Vehicle Value Index to 232.5, a 43.5% increase from a year ago. The non-adjusted price increase in November was 1.9% compared to October and 43.8% year over year. Manheim Market Report … Continued

November Fleet Sales Increase Modestly

2 min read

In November, 104,227 fleet units were sold, a 4% month-over-month increase compared to 100,182 in October but a drop of 21% from November 2020. With November in the books, the 2021 year-to-date total of combined large rental, commercial, and government purchases of new vehicles is approximately 1.5 million units, a 1% decrease from this time … Continued

Five Takeaways from Latest COVID-19 Consumer Impact Study

2 min read

Cox Automotive has been tracking consumer behavior throughout the pandemic to measure how vehicle purchase intenders have been reacting to changing market conditions. With COVID-19 vaccines available for more of the population and boosters rolling out, a fresh round of research was conducted last month. More than half of Americans indicated they are now “not at … Continued

Used-Vehicle Inventory Edges Lower; Average Price Just Shy of $27,000

2 min read

Revised, Dec. 16, 2021 – Used-vehicle inventory edged slightly lower in October as the average listing price kept climbing, now just shy of $27,000, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.25M Total UnsoldUsed Vehiclesend of October 41 Days’ Supply $26,976 Average Listing Price 68,193 Average Mileage The total supply of unsold … Continued

Dealership Service Activity Increases in October, according to Xtime Metrics

3 min read

Service centers at U.S. franchised dealerships were generally busier in October than in September, according to the latest analysis of Xtime metrics. Both the Repair Order Volume Index and Repair Order Revenue Index increased in October versus September, although the repair order volume continues to be below pre-pandemic levels. Revenue per repair reached a record … Continued

New-Vehicle Supply Edges Higher Suggesting Worst of Shortages Over

5 min read

Revised Dec. 15, 2021 – Still low by historical standards, new-vehicle supply closed higher at the end of October than a month earlier, while the average listing price hit another record high, closing in on $45,000, according to a Cox Automotive analysis of vAuto Available Inventory data. 920,959 Total Inventoryas of Oct. 25, 2021 31 … Continued

Wholesale Prices Rise Halfway Through November

4 min read

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 4.9% in the first 15 days of November compared to the month of October. This brought the Manheim Used Vehicle Value Index to 234.8, a 44.9% increase from November 2020. As was the case in October, some of the monthly increase is … Continued

New-Vehicle Affordability Declines to Another New Low in October

2 min read

With market dynamics leading to record prices and at least a two-decade-low for incentives, new-vehicle affordability declined again in October. October’s affordability decline was worsened by a decline in median income, which is a product of fading government support. The number of median weeks of income needed to purchase the average new vehicle in October … Continued