High gas prices caused truck and SUV shoppers to consider downsizing to smaller, more fuel-efficient versions of trucks and SUVs, according to a Cox Automotive analysis of consumer shopping data on Kelley Blue Book. Large truck shoppers also considered electric…
UPDATED, Sept. 2, 2022 – Calendar year 2022 has provided plenty of great examples of, “I’ve never seen that before.” And that is certainly the case with August 2022 new-vehicle sales. The Cox Automotive Industry Insights team is tallying the…
Both service activity and service revenue at U.S. franchised dealerships decreased in July, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Revenue Index decreased month over month again in July but remains up year over…
The job market stays strong as continuing claims remain below pre-pandemic levels. The housing market is suffering from the dramatic increase in mortgage rates experienced so far this year. Existing home sales declined for the sixth month in a row…
Shopping for electrified vehicles rose in the second quarter due to high gas prices and more selection of EVs and hybrids on the market, according to the most recent Kelley Blue Book Brand Watch™ report. One in four shoppers considered…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 3.6% from July in the first 15 days of August. The Manheim Used Vehicle Value Index fell to 211.6, which was up 8.8% from August 2021. The non-adjusted…
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…
New-vehicle affordability declined slightly again in July with increases in interest rates and new-vehicle prices reaching a record high, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. The number of median weeks of income needed to purchase the average…
Inflation decelerated, consumer credit growth accelerated, and consumer sentiment is rising on lower gas prices in the latest economic data available. The Consumer Price Index (CPI) showed inflation decelerated in July. The year-over-year inflation rate was 8.5%, down from 9.1%…
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 4, Cox Automotive…
