The auto industry entered June with historically low inventories of unsold new vehicles due to continued strong sales and further production disruptions caused mostly by the global computer chip shortage, according to a Cox Automotive analysis of the vAuto Available…
Access to auto credit declined in May after loosening for three straight months for all types of auto loans, according to the Dealertrack Auto Credit Availability Index. The All Loans Index declined 0.7% to 97.7 in May, reflecting that auto credit was harder to get in the month compared to April. Access…
In May, 168,166 total fleet units were sold, a 14% month-over-month increase compared to 148,118 in April but a 222% increase from May 2020 which recorded 52,203 units. This brings the 2021 year-to-date total combined large rental, commercial, and government…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 4.65% month over month in May. This brought the Manheim Used Vehicle Value Index to 203.0, a 48.2% increase from a year ago and a record high for the…
Update – As speculated in the April 14 article on the rebirth of the compact truck segment, Ford confirmed today that it is adding an all-new compact pickup called Maverick to its Built Ford Tough lineup. The company will debut…
Early in May the owner and operator of the Colonial Pipeline was hit by a ransomware attack. The Colonial Pipeline is among the biggest fuel lines in the United States, and the ensuing trouble, which forced the company to shut…
Used-vehicle prices hit an all-time high at the opening of May, and supply stabilized though remained well below 2020 and 2019 levels, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.23M Total Unsold Used Vehiclesend of April…
The estimated average transaction price for a light vehicle in the United States was $40,768 in April 2021, according to the analysts at Kelley Blue Book. New-vehicle prices increased $864 (up 2.2%) from April 2020, while increasing $92 (up 0.23%)…
In order to provide actionable, timely insights, the Cox Automotive Economic & Industry Insights team is publishing its mid-month view of the wholesale market, including wholesale prices. The posted material provides commentary and an updated look at the Manheim Used…
Breaking a streak of five straight months of improvement, new-vehicle affordability declined in April. The number of median weeks of income needed to purchase a new vehicle increased to 33.8 weeks from an upwardly revised 32.4 weeks in March. In…
