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Access to Auto Credit Flat in January

In January 2025, the Dealertrack Credit Availability Index reported an improvement in auto credit accessibility across all channels, with varying results among different types of lenders. The All-Loans Index reached 95.4, flat from December but a 2.9% rise year over year. This remains the highest level of auto credit access since March 2023, considering December’s … Continued

Auto Market Weekly Summary

Key Highlights Employment Trends The unemployment rate declined, and wage growth accelerated. The labor market is stable and strong at what is considered full employment. Job growth slowed in January, but the prior two months saw substantial upward revisions. New-Vehicle Sales and Prices The new vehicle seasonally adjusted annual rate (SAAR) declined in January, but … Continued

Wholesale Used-Vehicle Prices Increased in January

Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) moved 0.4% higher in January compared to December, causing the Manheim Used Vehicle Value Index (MUVVI) to increase to 205.6, a gain of 0.8% from a year ago. The seasonal adjustment to the index muted the movement for the month, as non-seasonally adjusted values … Continued

Tariffs Across North America Will Upend the Auto Industry

While the tariff story continues to evolve, the chapter written earlier this week was good news for the auto industry. Massive 25% tariffs were not implemented against goods from Canada and Mexico, at least not yet. And that is good news for everyone involved, as there is little doubt: Tariffs of 25% across North America … Continued

Historic Weather Challenges NADA Show 2025, Highlights Auto Industry’s Resilience

New Orleans was hit by a historic snowfall just as thousands of attendees were arriving for the NADA Show 2025. The rare winter storm brought the heaviest snowfall the city had seen in over 130 years, adding an extraordinary twist to one of the automotive industry’s most significant events. Despite the weather-induced travel chaos, which … Continued

Cox Automotive Auto Market Report: Feb. 4

Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading … Continued

Auto Market Weekly Summary

Key Highlights Economic Growth and Consumer Spending The first estimate of fourth-quarter real GDP showed a slowing pace of growth at 2.3% from the 3.1% rate in the prior quarter, but underneath the total, consumer spending accelerated as spending on goods and services both accelerated. Personal Income and Inflation Consumer spending in December was strong … Continued

No Change in Rate Policy as Fed Waits for Evidence of Shifts

The Fed left monetary policy unchanged at the conclusion of their first meeting of 2025. This followed three consecutive meetings in the fall of last year in which they reduced the Fed Funds Rate by a full percentage point. The Fed meeting this week offered few new facts or insights about their perspectives. The latest … Continued

Cox Automotive Forecast: January U.S. Auto Sales Expected to Gain More Than 5% Year over Year Despite Harsh Winter Weather

Updated, Feb. 4, 2025 – New-vehicle sales in January increased compared to year-ago levels, as our team had expected, but initial results indicate that market volume likely came in slightly below our forecast. The Cox Automotive forecast called for year-over-year growth of 5.2%, but early estimates suggest the increase was closer to 4%, as some … Continued

Auto Market Weekly Summary

Key Highlights Residential Construction Trends Residential construction trends were mixed in December as permits declined and starts increased, but the underlying data suggest growth is ahead for multifamily. Existing Home Sales Existing home sales increased 2.2% in December, which was better than the 1.2% increase expected and marks the third month of increases. Inventory declined, … Continued