New daily COVID-19 cases continued to increase last week. Used-vehicle sales slowed to a more normal pace. New jobless claims increased slightly from the prior week, but continuing claims declined. Consumer sentiment improved modestly over the last seven days but…
It might be fair to call spring 2021 a full-on sales frenzy for autos, pushed by pent-up demand, government stimulus and tax returns, and a general feeling that the global pandemic, in the U.S. at least, was moving into the…
A replay of the Q2 2021 Manheim Used Vehicle Value Index Call hosted by Cox Automotive Chief Economist Jonathan Smoke and Kayla Reynolds, industry intelligence analyst for Cox Automotive, is available below. Smoke and Reynolds were joined by Kevin Chartier, vice president…
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…
ATLANTA, July 8, 2021 – Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.3% month over month in June, after record highs for four consecutive months. This brought the Manheim Used Vehicle Value Index to 200.4,…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.3% month over month in June. This brought the Manheim Used Vehicle Value Index to 200.4, a 34.3% increase from a year ago. Manheim Market Report (MMR)…
In June, 138,801 total fleet units were sold, an 18% month-over-month decrease compared to 168,166 in May but a 63% increase from June 2020, which recorded 85,104 units. This brings the first-half total combined large rental, commercial, and government purchases of…
The new-vehicle market lost more momentum in June as the market is past the spring frenzy and is now seeing sales fall with even tighter supply and record-high prices with limited incentives. Still, June retail sales were still close to the level…
Automotive News Daily Drive Podcast, July 1, 2021 – Cox Automotive Chief Economist Jonathan Smoke joins Jamie Butters, chief content officer at Automotive News, for an episode of the Daily Drive podcast. On this episode, Butters and Smoke discuss auto sales,…
While not all automakers have finalized their sales results for the first half yet, the direction for the industry is clear: The sales frenzy that fueled the market through the spring has clearly passed. June new-vehicle sales appear to be coming…
