As December 2024 wrapped up, the U.S. electric vehicle (EV) market continued to reach new milestones. December saw record-breaking EV market share for both new and used EVs, with inventory levels tightening and closing the gap between EVs and ICE+ models. While the average transaction price for new EVs edged up slightly, the average listing … Continued
Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading … Continued
Key Highlights Inflation Trends Headline inflation, according to the CPI, accelerated to an increase of 0.4% in December, driven by rising gas prices. However, core CPI, which excludes food and energy, saw a decelerating increase of 0.2%, which was weaker than expected. Shelter costs remained high, with a steady increase of 0.3%. Retail Sales Performance … Continued
ATLANTA, Jan. 20, 2025 – Battery health, like engine health in a gas-powered car, is critical to keeping your electric vehicle running. Whether you are a seasoned electric car owner or considering the switch to buy one, when you keep your EV battery in top condition, the car lasts longer and retains more of its original … Continued
According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in December1 were flat month over month compared to November. A total of 1.4 million used vehicles were sold at retail – from both franchised and independent dealers – during December, up 12% year over year. Days’ supply of used vehicles at … Continued
According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of January increased from December but were lower than in early January 2024. 2.22M Total UnsoldUsed Vehiclesas of Jan. 6, 2025 48 Days’ Supply $25,721 Average Listing Price 68,787 Average Mileage As January opened, the total supply of used … Continued
ATLANTA—January 17, 2025— vAuto, a Cox Automotive, Inc. brand, today announced two new innovative enhancements to its industry-leading solutions, ProfitTime GPS and Provision: Centralized Inventory Management to support dealer group oversight and a new appraisal experience, which help dealers win more trade-ins in a supply constrained used vehicle market. Designed to streamline operations, enhance transparency, … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were higher than those of December in the first 15 days of January. The mid-month Manheim Used Vehicle Value Index rose to 205.4, now showing a gain of 0.7% from the full month of January 2024. The seasonal adjustment dampened the results for the … Continued
ATLANTA—Jan. 17, 2025—Cox Automotive Inc. today announced new capabilities to Xtime, the industry leading service platform for dealerships. Designed to deliver a modern service experience from appointment to payment, the new capabilities span communications, multimedia, reporting and connected workflows, while empowering dealerships to maximize service revenue and elevate the customer experience. “Xtime’s latest enhancements underscore … Continued
New-vehicle sales roared at the end of the year, with a strong December finish. Following the resolution of election uncertainties, interest rates began to decline and inventory levels reached their peak for the year. This created an ideal blend of improved consumer sentiment, bigger discounts and evident optimism in the market. New-vehicle sales rose by … Continued