August was the fourth straight month of slowing new-vehicle sales. The global chip shortage is the main culprit as the resulting dearth of inventory pushes prices to record highs. A second round of consumer research conducted by Kelley Blue Book…
CBT News, Sept. 22, 2021 – As demand continues to climb alongside inventory concerns, could you be doing more to get ahead of it all? Brian Finkelmeyer, senior director of new car solutions at Cox Automotive, joined Jim Fitzpatrick to…
Revised Oct. 21, 2021 – The average listing price for used vehicles set another record in August as vehicle inventory dipped, according to the Cox Automotive analysis of vAuto Available Inventory data. Though available supply fell, days’ supply held steady…
After declining in the first week of September, the trend in new daily COVID-19 cases resumed increasing last week. Consumer sentiment declined again, and sentiment is now down slightly in September following declines in July and August. Initial jobless claims…
CBT News, Sept. 17, 2021 – The shortage of new vehicle inventory has led to a decline in sales and an uptick in stress for many of you. Cox Automotive is reporting that August was the fourth consecutive month of…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.6% in the first 15 days of September compared to the month of August. This brought the Manheim Used Vehicle Value Index to 201.4, a 24.9% increase…
With market dynamics leading to record prices and at least a decade-low for the month of August in incentives, new-vehicle affordability declined again in August. Without improving incomes, the decline in affordability would have been even worse. The number of…
Revised Oct. 14, 2021 – The total volume of new-vehicle inventory declined again in August, as automakers continue to struggle with production due to the computer chip shortage, according to a Cox Automotive analysis of vAuto Available Inventory data. The days’ supply…
According to a new report from Kelley Blue Book, new-vehicle prices hit another all-time high in August 2021, marking the fifth straight record-setting month. At $43,355, the average transaction price (ATP) for a new vehicle was up nearly 10% ($3,789)…
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…
