The average price paid for a new vehicle in the U.S. in June was the highest on record and marked the first time the average transaction price (ATP) surpassed the $48,000 mark, according to new data released by Kelley Blue…
A replay of the Q2 2022 Manheim Used Vehicle Value Index Call held on Friday, July 8, is available below. Cox Automotive Chief Economist Jonathan Smoke and Kevin Chartier, vice president of Manheim Consulting, discussed the latest Manheim Used Vehicle…
Access to auto credit was little changed in June, according to the Dealertrack Credit Availability Index for all types of auto loans. The All Loans Index declined 0.1% to 105.2 in June, reflecting that auto credit was slightly harder to…
The June employment report showed a slowing in job growth, but it exceeded expectations at 372,000 jobs created, which was a historically healthy number of jobs created. The unemployment rate was also unchanged at 3.6%. Labor force participation declined slightly,…
ATLANTA (July 8, 2022) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.3% in June from May. This brought the Manheim Used Vehicle Value Index to 219.9, up 9.7% from a year ago. The non-adjusted…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.3% in June from May. The Manheim Used Vehicle Value Index declined to 219.9, up 9.7% from a year ago. The non-adjusted price change in June decreased 1.8%…
Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 6.7% month over month in June to 150,467 units, according to an early estimate from Cox Automotive. June 2022 Fleet Sales Combined sales into large rental, commercial,…
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…
Real GDP declined in the first quarter slightly worse than previously estimated, as downward revisions to spending reduced growth further. Even so, consumer spending did grow over Q4 2021. Consumer spending slowed in May. With inflation factored in, real spending…
A replay of the Cox Automotive 2022 Mid-Year Review webcast held on Tuesday, June 28, is available below. Cox Automotive Chief Economist Jonathan Smoke and our Industry Insights team provided a deep dive into the economy and auto industry – the new, used…
