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…
Revised, Sept. 15, 2022 – Used-vehicle inventory held steady from June to July, while sales – and prices – registered an uptick by month’s end, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.46M Total UnsoldUsed Vehiclesas…
Certified pre-owned (CPO) sales in July fell to 206,346 units, a level nearly equal to June’s volume of 206,443 and down 17% from July 2021. Since May, CPO sales have been remarkably stable. Sales of CPO are down nearly 17%…
The Automotive industry is changing at breakneck speed. This includes a dizzying array of new vehicles being offered, many from completely new OEMs. A radical shift to electrification, and a steady and pronounced shift to more digital interactions are being felt throughout the entire industry.
Access to auto credit declined across the board in July according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All-Loans Index declined 1.8% to 103.3 in July, reflecting that auto credit was harder to…
Revised, Sept. 15, 2022 – New-vehicle inventory at the end of July was higher than it was a year ago, when the global computer chip shortage began hurting production, but supply remains low compared with pre-pandemic times, according to Cox…
The average price paid for a new vehicle in the U.S. in July topped June’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…
Honda has been warning investors that the global computer chip shortage and rising raw material costs would hurt profits. Just how much will become clearer when the Japanese automaker posts financial results on Wednesday, August 10, for the April-to-June quarter,…
BMW remained the most-shopped luxury brand for the second consecutive quarter on increased interest in its sedans, likely due to high gas prices, according to the Q2 2022 Kelley Blue Book Brand Watch™ report. Overall, shopping for luxury cars increased…
