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April Sees Sharp Decline in New-Vehicle Affordability Amid Rising Prices and Highest Monthly Payment Since December

After reaching its best level in 45 months in March, new-vehicle affordability fell in April despite a strong economy, due to the impact of tariffs, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “New-vehicle affordability declined in April to the worst level yet this year as the bite of higher prices and lower incentives … Continued

Auto Credit Access Dips in April

In April 2025, the Dealertrack Credit Availability Index revealed notable changes in auto credit access across various metrics. The All-Loans Index was 95.7 in April, compared to 96.3 in March, indicating a month-over-month decrease of 0.7% and a year-over-year increase of 0.7%. Dealertrack Credit Availability Index Auto loan access was down in April and up … Continued

Kelley Blue Book Report: As Tariff Talk Clouds the Market, New-Vehicle Prices Jump Higher by 2.5% in April

The monthly new-vehicle average transaction price (ATP) report from Cox Automotive’s Kelley Blue Book was released today. Key takeaways from the April report include: NEW-VEHICLE AVERAGE TRANSACTION PRICE Quote from Erin Keating, Executive Analyst, Cox Automotive “Ever since President Trump announced auto tariffs 47 days ago, the cost of new cars has been steadily climbing. … Continued

Wholesale Used-Vehicle Prices Increased in April

Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were much higher in April compared to March. The Manheim Used Vehicle Value Index (MUVVI) increased to 208.2, an increase of 4.9% from a year ago and also higher than March levels by 2.7%. This is the highest reading for the index since October … Continued

EV Market Monitor – March 2025

In March, the electric vehicle (EV) market experienced shifts in both new and used segments. While sales increased for both new and used EVs, the market share for new EVs saw a slight decline. Inventory levels tightened across the board as recent tariff announcements influenced consumer behavior. New EV transaction prices rose, whereas used EV … Continued

Wholesale Used-Vehicle Prices Increase in First Half of April

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) rose sharply from March in the first 15 days of April. The mid-month Manheim Used Vehicle Value Index increased to 207.1, showing a rise of 4.3% from the full month of April 2024, with the seasonal adjustment dampening the non-adjusted price increase. The non-adjusted … Continued

March Sees Best New-Vehicle Affordability in 45 Months, But Tariffs Loom Large

New-vehicle affordability improved in March and reached the best level in 45 months, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “Affordability is a key consideration for consumers when vehicle shopping and has been steadily improving over the last several years,” said Jonathan Smoke, chief economist at Cox Automotive. “In 2025, we have seen … Continued

Retail Used-Vehicle Sales Increase in March, Up 9% Month Over Month

According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in March1 increased month over month compared to February.  A total of 1.66 million used vehicles were sold at retail – from both franchised and independent dealers – during March, up 9.4% month over month and 12.2% year over year. Days’ supply … Continued

Used-Vehicle Inventory Continues to Tighten as Sales Surge in March

According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of April have decreased both month over month and compared to early April 2024. 2.14M Total UnsoldUsed Vehiclesas of March 31, 2025 39 Days’ Supply $25,180 Average Listing Price 70,487 Average Mileage As April opened, the total supply of … Continued

U.S. Electric Vehicle Sales Increase More Than 10% Year Over Year in Q1: GM Drives EV Growth While Tesla Declines

Nearly 300,0001 new electric vehicles (EVs) were sold in the first quarter of 2025 in the U.S., according to the latest report from Kelley Blue Book, an increase of 11.4% year over year. Despite many obstacles — and what you may read elsewhere — electric-vehicle sales continue to grow at a healthy pace in the U.S. … Continued