Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in December compared to November. The Manheim Used Vehicle Value Index (MUVVI) fell to 204.8, an increase of 0.4% from a year ago. The seasonal adjustment to…
ATLANTA, Jan. 7, 2025 – The 2024 Car Buyer Journey (CBJ) Study by Cox Automotive has unveiled record highs in new-car buyer satisfaction, driven by advancements in digital tools helping seamlessly integrate online and in-dealership activities. This seamless integration – known…
ATLANTA, Jan. 6, 2025 – Cox Automotive has released an optimistic outlook for the automotive market as 2025 gets underway. The U.S. auto market finished 2024 with momentum, and despite some uncertainties, the current trajectory is positive. New-vehicle sales in…
According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in November1 increased by nearly 2% month over month from October. A total of 1.4 million used vehicles were sold at retail – from both franchised…
As 2024 draws to a close, the U.S. electric vehicle (EV) market continues to gain momentum. November saw steady growth in sales for both new and used EVs, with inventory tightening and narrowing the gap between EVs and ICE+ models. Additionally,…
Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens…
ATLANTA, Dec. 17, 2024 – Cox Automotive, the world’s largest automotive services and technology provider, today introduces powerful, new Artificial Intelligence capabilities to its leading CRM solution VinSolutions. Using Predictive Insights with Generative AI (GenAI) capabilities, this proprietary CRM technology incorporates…
A replay of the Cox Automotive Industry Insights and Forecast 2025 Call held on Tuesday, Dec. 17, is available below. Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team provided an update on the U.S. automotive market for 2024, covering the…
With the national election now fully in the rearview mirror and consumer sentiment improving, we turn our attention to the year ahead and an automotive market shifting into a higher gear. As we develop our forecast for 2025, we are…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) showed no change from November in the first 15 days of December. The mid-month Manheim Used Vehicle Value Index remained at 205.4, now showing a gain of 0.7% from…
