New-vehicle sales last quarter came in at 3.3 million, according to the latest Kelley Blue Book counts, a drop from 3.9 million in the first quarter of 2021. Sales in the quarter were down 15.7% year over year, but as…
In this Used Car Dealer Podcast episode, Zach Klempf interviews Randy Kobat, vice president of Inventory Management Solutions at Cox Automotive. Randy discusses the latest developments from NADA, how Upside and Kelley Blue Book Instant Cash Offer help used car…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 1.0% in the first 15 days of April compared to the full month of March. This brought the Manheim Used Vehicle Value Index to 221.4, which was up…
COVID-19 cases are increasing again as the BA.2 omicron variant is spreading in the U.S., but cases remain relatively low. Data on consumer sentiment is mixed so far in April, as the University of Michigan index improved in the initial…
New-vehicle affordability remained stable in March but remains near the low in affordability set in December as rate increases in 2022 offset income gains and modest price declines, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. The inputs to…
Revised May 19, 2022 – The disappointing spring bounce for used-vehicle sales has led to higher inventories than a year ago, though supply edged downward through the month of March, according to the Cox Automotive analysis of vAuto Available Inventory…
Certified pre-owned (CPO) sales in March rose to 219,360 units. This total is up 14.3% from February’s 191,860, but down nearly 23.3% from March 2021. March’s CPO result is the highest since September 2021 and is the third straight uptick this…
The national average gas price for a gallon of gas is still high at the beginning of April, down 6 cents to $4.17 per gallon on April 10 compared with a week earlier. President Biden’s decision to release oil from…
Revised May 18, 2022 – The supply of fuel-efficient models, like hybrids, small crossovers and small-to-midsize cars, was the lowest of all segments in March as gas prices soared, according to a Cox Automotive analysis of vAuto Available Inventory data.…
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…
