New-vehicle average transaction prices (ATPs) decreased to $45,927 in March 2022 after reaching a record high in December 2021, according to new data released by Kelley Blue Book, a Cox Automotive company. Prices fell 0.3% ($156) month over month, but…
Access to auto credit expanded again in March according to the Dealertrack Credit Availability Index for all types of auto loans. The All Loans Index increased 1.3% to 104.5 in March, reflecting that auto credit was easier to get in…
New-vehicle sales in March were up from February but down from a year ago. The seasonally adjusted annual rate (SAAR) declined to 13.3 million from 14.1 million in February, as tight supply, record low incentives, and worsening production challenges held…
A replay of the Q1 2022 Manheim Used Vehicle Value Index Call held on Thursday, April 7, is available below. Cox Automotive Chief Economist Jonathan Smoke and Chris Frey, senior manager of economic and industry insights, discussed the latest Manheim…
“No one will ever buy those online.” That used to be the conventional wisdom about clothes and home furnishings, yet eCommerce sales of both apparel and furniture increased by more than 20% in 2021.1 Consumers who used to feel strongly…
ATLANTA (April 7, 2022) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 3.3% month over month in March. This brought the Manheim Used Vehicle Value Index (MUVVI) to 223.5, an increase of 24.8% from a…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 3.3% in March from February. The Manheim Used Vehicle Value Index declined to 223.5, which was up 24.8% from a year ago. The non-adjusted price change in March…
Sales into large fleets decreased nearly 4% month over month in March to 176,322 units, after an improvement in February, and remained down more than 11% year over year. Rental fleet sales volume remains low and sales into government fleets…
Consumers are pessimistic about today’s automotive market that has been hobbled by inventory shortages due to the global computer chip shortage that has, in turn, led to high vehicle prices, according to the most recent survey by Cox Automotive. Cox…
The March employment report showed a deceleration in job creation, but the unemployment rate fell to the lowest level for the pandemic. Labor force participation grew again to the highest level for the pandemic. Consistent with a strong labor market,…
