Access to auto credit expanded for the first time in five months in September, according to the Dealertrack Credit Availability Index for all types of auto loans. The All-Loans Index increased 1.1% to 103.7 in September, reflecting that auto credit…
The September employment report revealed a too-strong job market and raised the likelihood of the Fed doing another jumbo rate increase in early November. September saw slowing but strong job growth and a decline in the unemployment rate back to…
ATLANTA, Oct. 10, 2022 – Cox Automotive, in partnership with the National Association of Minority Automobile Dealers (NAMAD), awarded two Rising Star Awards at the Annual NAMAD Conference in Miami on Friday, October 7. The 2022 award recipients are Jarryd…
A replay of the Q3 2022 Manheim Used Vehicle Value Index Call held on Friday, October 7, is available below. Cox Automotive Chief Economist Jonathan Smoke and Chris Frey, senior manager of economic and industry insights for Cox Automotive, discussed the latest Manheim…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 3.0% in September from August. The Manheim Used Vehicle Value Index declined to 204.5 and is now down 0.1% from a year ago. The non-adjusted price change in…
ATLANTA (Oct. 7, 2022) – Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 3.0% in September from August. This brought the Manheim Used Vehicle Value Index to 204.5, down 0.1% from a year ago. The non-adjusted…
Sales into large fleets, not including sales into dealer and manufacturer fleets, decreased 4.6% month over month in September to 122,586 units, according to an early estimate from Cox Automotive. September 2022 Fleet Sales Fleet Sales Up Nearly 25% Year…
Last week, we reviewed our sales forecasts for the third quarter of 2022 and offered our perspective on the factors that continue to present a bumpy road for the auto industry. A replay of that presentation is posted in the Cox…
ATLANTA, Oct. 5, 2022 – While vehicle electrification continues to make strides, the lingering effects of the pandemic, the soaring cost of raw materials and geopolitical challenges have contributed to supply chain disruptions that have slowed widespread electric vehicles (EV) growth…
September ended with negative mojo. Damage from Hurricane Ian is just now being assessed in Florida and South Carolina. Economic indicators were mixed. The final estimates for second-quarter economic growth as measured by GDP left the 0.6% decline unchanged, but…
