Auto Credit Availability Expands Again in November, Approaches Early 2019 Levels

2 min read

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 to February 2020, access was looser by 2.1%. The index was last higher in April … Continued

Amber Martin Receives Cox Automotive and NAMAD Rising Star Award

News Press Releases 4 min read

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, Kentucky. Martin was chosen based on nomination criteria, including being under the age of 45 … Continued

Eight Straight: New-Vehicle Prices Mark Another Record High in November, According to Kelley Blue Book

3 min read

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 13% from November 2020. New-vehicle inventory levels remain tight, and with sufficient consumer demand, dealers have … Continued

Cox Automotive Auto Market Report: December 7

5 min read

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 insights. Download this week’s presentation.

Wholesale Prices Increased at Slowing Pace in November

4 min read

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 in November was 1.9% compared to October and 43.8% year over year. Manheim Market Report … Continued

Auto Market Weekly Summary

5 min read

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 is not getting worse. The November job report was mixed. Job creation decelerated, but the … Continued

November Fleet Sales Increase Modestly

2 min read

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 purchases of new vehicles is approximately 1.5 million units, a 1% decrease from this time … Continued

Transformation Toward eCommerce in Automotive Retailing

15 min read

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 will explore why this transformation is occurring, how to approach this change, and what retailers … Continued

Strategic Inventory Management a Must in Low-Inventory Market

3 min read

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 the well-documented microchip shortages have had an enormous impact on both consumers and dealers. On-the-ground … Continued

Yes, Destination Charges – and all Vehicle Transportation Costs – Are Up: Here’s Why

3 min read

There’s been a lot of talk in the industry lately about rising destination charges on new cars. Some assume that automakers are pushing up the prices to cushion their profits, but there’s perhaps a more straightforward answer: It’s gotten much more expensive to transport vehicles due to the pandemic. At Cox Automotive, our Manheim Logistics … Continued