Vehicle affordability improved 1.42% month over month in November according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index (VAI). November was the first month-over-month improvement in vehicle affordability since May 2020, when the index reached 30.80, the lowest point in…
If there’s a single trend we’ve consistently seen in 2020, it’s the relentless upward track of new- and used-vehicle prices. Vehicle affordability can be measured in many ways, and the Cox Automotive Industry Insights team is working with Moody’s Analytics…
The global pandemic has played havoc on the U.S. economy and the automotive market, with a forecast of 14.3 million new-vehicle units to be sold in the U.S. this year, down roughly 3 million units from 2019. Despite lower sales…
Sales of certified pre-owned (CPO) vehicles declined 21% year over year in November with 3 less selling days and were down 20% month over month compared to October, reflecting a normalizing market coming off of a resilient performance in the…
With factories back to nearly full production and sales slowing, new-vehicle inventory climbed during November though it remains below normal, according to a Cox Automotive analysis of vAuto Available Inventory data. List prices also rose. 2.87M Total Inventory 75 Days’…
In November, 132,145 total fleet units were sold, compared to 132,560 in October. Combined sales into large rental, commercial, and government buyers were down 29% year over year in November. Government units were up 3% year over year, on a…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.07% month over month in November. This brought the Manheim Used Vehicle Value Index to 162.0, a 16.6% increase from a year ago. The non-seasonally adjusted monthly change…
Used-vehicle inventory, which had been rising modestly in recent weeks, accelerated more quickly to open the month of November, and the average listing price set a new record, according to a Cox Automotive analysis of vAuto Available Inventory data. As…
Given the current turbulence in the automotive marketplace, 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…
Sales of certified pre-owned (CPO) vehicles increased 1% year over year in October and were up 4% month over month compared to September, reversing a negative trend of three consecutive months of decreasing sales. For October, 233,514 CPO units were…
