The trend in new daily COVID-19 cases kept rising last week as the seven-day average of daily cases was up and case levels are back to early October numbers. The most current view of consumer sentiment moved slightly higher for…
Access to auto credit expanded again in November, according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index increased 0.8% to 101.3 in November, reflecting that auto credit was easier to get in the month compared to October. Access was looser by 6.9% year over year and compared…
ATLANTA, Dec. 10, 2021 – Cox Automotive, in partnership with the National Association of Minority Automobile Dealers (NAMAD), awarded its Rising Star Award to Amber Martin, director of community and business partnerships for Martin Management Group, headquartered in Bowling Green,…
New-vehicle prices increased further into record territory in November, including a modest increase from the month prior. According to new data released today by Kelley Blue Book, average transaction prices (ATPs) are sharply elevated from last year, up more than…
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…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.9% month over month in November. This brought the Manheim Used Vehicle Value Index to 232.5, a 43.5% increase from a year ago. The non-adjusted price increase…
New-vehicle sales were essentially unchanged in November with a 12.9 million seasonally adjusted annual rate (SAAR), down slightly from 13.0 million in October. A very tight supply is limiting what can be sold, but supply has stabilized and at least…
In November, 104,227 fleet units were sold, a 4% month-over-month increase compared to 100,182 in October but a drop of 21% from November 2020. With November in the books, the 2021 year-to-date total of combined large rental, commercial, and government…
The way the world buys and sells vehicles is changing. It’s not happening all at once and the changes vary by retailer and consumer, but the industry is currently at a major tipping point in its transformation toward eCommerce. We…
November new-vehicle sales are forecast by our team to be modestly better than October, but down significantly from November 2020 and well off the 16-to-17 million sales pace the industry enjoyed prior to the global pandemic. Supply chain disruptions and…
