Average new-vehicle prices hit a new record in August. Pricing power remains strong for manufacturers and dealers. Used-vehicle sales increased in August from July. Used supply is a bit higher than normal in retail and in wholesale, and as a…
The average price paid for a new vehicle in the U.S. in August topped July’s record and kept the average transaction price (ATP) solidly above the $48,000 mark, according to new data released today by Kelley Blue Book, a Cox…
Auto Marketing, Sept. 9, 2022 – During the NAAA annual convention, Cherokee Media Group senior editor Joe Overby shared a conversation with two executives from Cox Automotive Inventory Solutions — Dana Lowenthal and Patrick Brennan. Among other topics, they discussed…
Access to auto credit declined for the fourth straight month in August, according to the Dealertrack Credit Availability Index for all types of auto loans. The All-Loans Index declined 0.8% to 102.5 in August, reflecting that auto credit was harder…
Certified pre-owned (CPO) sales increased month over month but underperformed the overall used-vehicle retail market in August. August CPO sales rose to 211,609 units, up more than 5,000 units or a 2.6% increase over July. Year-over-year CPO sales decreased by…
ATLANTA, Sept. 8, 2022 – U.S. automobile dealer sentiment in Q3 2022 reflects that more dealers view the current market as weak than strong. Now, at 49, the current market index is below the threshold of 50 in the Cox Automotive Dealer…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 4.0% in August from July. The Manheim Used Vehicle Value Index declined to 210.8 but is up 8.4% from a year ago. The non-adjusted price change in August…
Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 0.8% month over month in August to 128,464 units, according to an early estimate from Cox Automotive. August 2022 Fleet Sales Combined sales into large rental, commercial,…
Job growth decelerated in August and was close to expectations, especially with downward revisions to prior reported payrolls. The headline unemployment rate increased to 3.7% in August and is now again higher than the pre-pandemic low in February 2020. August…
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…
