Both service activity and service revenue decreased at U.S. franchised dealerships in June, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Revenue Index decreased month over month in June after 11 months of increases and…
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…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.7% from June in the first 15 days of July. The Manheim Used Vehicle Value Index rose to 221.5, which was up 13.4% from July 2021. The non-adjusted…
New-vehicle sales in Q2 were off by more than 20%, as tight inventory continues to hold back the market. High prices are certainly impacting some buyers, but the Industry Insights team at Cox Automotive continues to believe new-vehicle demand is…
Inflation accelerated in June, according to the Consumer Price Index (CPI). The year-over-year inflation rate hit 9.1%, the highest since November 1981. Key categories that consume a sizable portion of consumer budgets, such as food, rent and gasoline, saw significant…
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 3, Cox Automotive…
New-vehicle affordability declined again in June with increases in rates and prices reaching a new record, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. The number of median weeks of income needed to purchase the average new vehicle in…
ATLANTA (July 14, 2022) – As Cox Automotive continues its mission to help clients transform our industry, Lori Wittman, President of Cox Automotive Retail Solutions, has made several key changes to her leadership team. Mandi Fang becomes the new Senior Vice…
In contrast to the new-vehicle market, the used-vehicle market is looking more normal with reasonably strong sales, decent inventory and prices that are high but have begun to inch down, according to the Cox Automotive analysis of vAuto Available Inventory…
The average listing price for new vehicles rose throughout June but began to retreat by the end of the month, while inventory held relatively steady, according to Cox Automotive’s analysis of vAuto Available Inventory data. 1.12M Total Inventoryas of July…
