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10 Takeaways from U.S. Auto Sales: 2021

Our Kelley Blue Book team has finished their final tally of 2021 auto sales in the U.S. market. Total volume by the Kelley Blue Book count came in at 15,061,885, a solid year by historical standards. But it was far from an easy 15 million. Demand was there, and sales volumes in March, April and … Continued

Used-Vehicle Days’ Supply Breaks 50; Average Listing Price Surpasses $28,000

Used-vehicle inventory rose in December with the days’ supply hitting 51 for the first time since January 2021, and the average listing price exceeding $28,000 for the first time ever, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.38M Total UnsoldUsed Vehiclesas of December 27 51 Days’ Supply $28,205 Average Listing Price … Continued

Dealership Service Volume Increases, Revenue Hits New High in December, according to Xtime Metrics

Service centers at U.S. franchised dealerships were busier in December than in November, according to the latest analysis of Xtime metrics. Both the Repair Order Volume Index and the Repair Order Revenue Index increased in December versus November. Repair order volume remains well below pre-pandemic levels, but revenue per repair set another record high. The … Continued

Cox Automotive Auto Market Report: January 19

The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation.

Commentary: 3 Growth Opportunities for Independent Dealers in 2022

Auto Remarketing, Jan. 19. 2022 – Scott Maybee, president of NextGear Capital, writes in an opinion piece about the distinct challenges and unique opportunities that he expects independent dealers to face in the year ahead. In this article, Maybee also offers his take on how independents can continue to evolve in order to take advantage … Continued

Wholesale Prices Rise Further in First Half of January

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.8% in the first 15 days of January compared to the month of December. This brought the Manheim Used Vehicle Value Index to 238.0, a 46.0% increase from January 2021. As was the case in each of the last three months, much … Continued

13-Month Rolling Used-Vehicle SAAR

Total used-vehicle sales were down 4% year over year in December, according to Cox Automotive estimates. The estimated December used seasonally adjusted annual rate (SAAR) is 39.1 million, down from 40.6 million last December and flat compared to November’s revised 39.1 million SAAR. Used-Vehicle SAAR and Volume “Our used-vehicle sales estimates show slowing sales to … Continued

2021 Car Buyer Journey Study Released

The 12th annual Cox Automotive Car Buyer Journey Study reveals that overall car buying satisfaction remains at a near-record level, with the number of highly satisfied buyers higher than before the pandemic. The latest Car Buyer Journey Study finds that the modest retreat from the record high set in 2020 was due mostly to lack … Continued

Auto Market Weekly Snapshot

COVID-19 cases driven by the Omicron variant are at record levels that are more than triple the peak previously hit last January. The pace of growth is slowing, but the virus, inflation, the weather and stock market volatility have weighed on consumer sentiment. Inflation stood at its highest level in 40 years, but we may … Continued

Despite Inventory Shortage, High Prices, Overall Car Buyer Satisfaction Remains Near Record Levels, According to Cox Automotive Study

ATLANTA, Jan. 18, 2022 – The 12th annual Cox Automotive Car Buyer Journey Study released today reveals that overall car buying satisfaction remains at a near-record level, with the number of highly satisfied buyers higher than before the pandemic. The latest Car Buyer Journey (CBJ) Study finds that the modest retreat from the record high … Continued