The inventory of unsold used vehicles remains low but appears to be somewhat stabilizing in contrast to new-vehicle inventory that continues to fall, according to a Cox Automotive analysis of vAuto Available Inventory data. The total U.S. supply of unsold…
The shift in vehicle demand, away from new and toward used, is clearly reflected in the 1H financial reporting of the largest players in the auto industry: franchised dealer groups. Large dealer groups account for roughly 7% of new-vehicle sales…
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 8% year over year in July but were down 3% month over month compared to June. For July, 254,982 CPO units were sold. CPO sales were on a record-setting pace the first two…
The supply of new vehicles is falling well below demand as the inventory of unsold new vehicles fell again, closing July even lower than June, according to a Cox Automotive analysis of vAuto Available Inventory data. The total U.S. supply…
The most recent installment of Cox Automotive research on the evolving impact of COVID-19 on the U.S. was released today. This ongoing research, which focuses on consumers’ and dealers’ attitudes and behaviors during the pandemic, began in late March and…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 5.84% month over month in July. This brought the Manheim Used Vehicle Value Index to 158.0, a 12.5% increase from a year ago and a new record-high…
Toyota eked out a small profit for the quarter ended June 30, thanks to immediate cost cutting, including R&D outlays, and a faster-than-expected rebound in China. It still expects to make $7 billion in this fiscal year. In the recent…
Fleet sales showed month-over-month improvements, but combined rental, commercial and government purchases of new vehicles remained down 40% year over year in July. Total fleet volume in July was 104,769, down from 174,683 in July 2019. Government units were up…
Honda reported a $1 billion operating loss in the quarter ended June 30, the automaker’s first quarter of its fiscal year that ends March 31, 2021, due to the coronavirus pandemic. The loss compares with a $2.35 billion profit in…
