COVID-19 cases are now down 96% from the peak in mid-January, but the war in Ukraine and accelerating inflation have weighed on consumer sentiment in March. Still, the consumer kept spending at retailers in February, but inflation is what drove…
Register now to join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team for the Q1 2022 Industry Insights and Sales Forecast Webcast. Monday, March 28 1 p.m. EDT. During this 90-minute session, the team…
Auto Remarketing Podcast, March 17, 2022 – Next up on our NADA Show podcast series, Cox Automotive Mobility president Joe George and Manheim president Grace Huang sit down with Auto Remarketing senior editor Joe Overby to discuss how electric vehicles —…
Revised April 14, 2022 – Tax refunds finally are arriving, ushering in the traditional spring bounce for used-vehicle sales, according to the Cox Automotive analysis of vAuto Available Inventory data. Sales of used vehicles, while still pricey, started to heat…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 3.8% in the first 15 days of March compared to the full month of February. This brought the Manheim Used Vehicle Value Index to 222.4, which was up…
The Fed followed through with its widely telegraphed plan to start raising the target rate for the Federal Funds Rate. The target was increased by a quarter of a point, as expected, but the Fed indicated that six more quarter-point…
CBT News, March 16, 2022 – At this year’s NADA Show in Las Vegas, CBT News anchor Jim Fitzpatrick had a chance to speak with Grace Huang, President of Inventory Solutions Group at Cox Automotive, and Brad Burns, AVP of Vehicle Information…
Revised, April 13, 2022 – New-vehicle inventory edged higher in the last two weeks of February, though days’ supply fell from January, according to a Cox Automotive analysis of vAuto Available Inventory data. Prices slipped again, staying below $45,000. 1.07M…
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…
New-vehicle affordability declined slightly in February but remains a bit better than December. The inputs to the index moved in differing directions in the month. The number of median weeks of income needed to purchase the average new vehicle in…
