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…
Service centers at U.S. franchised dealerships were less busy in November than in October, according to the latest analysis of Xtime metrics. The Repair Order Volume Index decreased in November while the Repair Order Revenue Index increased slightly in November…
New daily COVID-19 cases increased week over week as cases remain elevated about where they have been for the last two weeks. The impact of the omicron variant in the U.S. has been limited so far. Jobless claims continue to…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.1% in the first 15 days of December compared to the month of November. This brought the Manheim Used Vehicle Value Index to 239.8, a 48.9% increase…
Used-vehicle inventory inched slightly higher in November as the average listing price climbed past $27,000 for the first time, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.31M Total UnsoldUsed Vehiclesend of November 44 Days’ Supply $27,569…
The tightening of U.S. monetary policy is accelerating after the Fed’s eighth and final meeting in 2021. As expected, the Fed announced that tapering would accelerate and bond buying would end by March. This sets the stage for rate increases…
Revised Jan. 14, 2022 – The new-vehicle supply rose to nearly 1 million units at the end of November, a level not seen since early August, according to a Cox Automotive analysis of vAuto Available Inventory data. The average listing…
Following similar dynamics each month this fall including another new record on the average price paid and another low for incentives, new-vehicle affordability declined again in November. November’s affordability decline was caused by all vehicle market factors moving against affordability…
Certified pre-owned (CPO) sales fell to 181,079 units in November. This sales level reflects a 17% month-over-month decrease and a 3% year-over-year decrease. November CPO sales slowed for the second consecutive month, following a strong performance during the first three…
ATLANTA, Dec. 13, 2021 – With a historic inventory crunch and rising costs impacting the auto industry, U.S. dealer sentiment waned slightly in the fourth quarter but remains mostly positive and well above levels recorded in Q4 2020 and Q4…
