Welcome to the monthly Manheim Market Insights update. This monthly video is new content offered by Kevin Chartier, vice president of Manheim Market Insights. In each video, Chartier will share a few of his thoughts on what we are seeing…
Both service activity and service revenue at U.S. franchised dealerships jumped in August, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Revenue Index increased to a record high in August. Meanwhile, the Repair Order Volume…
As consumer comfort with online car buying accelerates and retailers drive for more efficient operations, digital retailing solutions are being embraced. Innovation within financing and titling, critical enablers of the digital car buying experience, began more than 20 years ago.…
The financial markets responded negatively this week to a mixed August inflation report that showed headline inflation coming down slightly, but not as much as expected, and showed core inflation accelerating with rents accelerating and food prices still growing even…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 2.3% from August in the first 15 days of September. The Manheim Used Vehicle Value Index fell to 205.9, which was up only 0.6% from September 2021. The…
Revised, Oct. 14, 2022 – Used-vehicle inventory volume held steady from July to August, as did prices – a sign of market stability, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.46M Total UnsoldUsed Vehiclesas of Aug.…
Revised, Oct. 14, 2022 – New-vehicle inventory closed August higher than it did a year ago, when the global computer chip shortage began hurting production, but supply remains low compared with pre-pandemic times, according to Cox Automotive’s analysis of vAuto…
With new-vehicle prices setting a new record and auto loan rates reaching a more-than-10-year high, new-vehicle affordability declined again in August, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. The number of median weeks of income needed to purchase…
The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format. In Episode 5, Cox Automotive…
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…
