Affordability improved in January, as represented by median weeks of income needed to purchase a new vehicle declined to 32.2 weeks from 33.9 weeks in December. The Cox Automotive/Moody’s Analytics Vehicle Affordability Index continues to show that new vehicles have…
The downward trend in new daily COVID-19 cases continues. Improving conditions are leading to rollbacks of restrictions, and economic activity and employment should improve as a result. For now, traditional jobless claims are seeing gradual declines, but pandemic assistance claims…
The estimated average transaction price for a light vehicle in the United States was $40,857 in January 2021, according to the valuation analysts at Kelley Blue Book. New-vehicle prices increased $2,110 (up 5.45%) from January 2020, while falling $295 (down 0.72%) from last month. “January 2021 prices…
Sales of certified pre-owned (CPO) vehicles declined 7% year over year in January, down from last year’s level which was the highest January CPO sales in a decade. For January, 201,023 CPO units were sold, down 13% month over month…
New-vehicle inventory edged higher throughout January but remains far lower than a year ago, while the average list price retreated from its early January peak, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.79M Total Inventory 66…
Access to auto credit declined slightly in January, reversing some of the December improvements according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index declined 0.2% to 94.8 in January, reflecting that auto credit was slightly harder to get in the month. Access remains tighter by 4.3% year over year or by 4.4% compared to…
Tesla has been the rising star among luxury brands for the past couple of years, but the bright light of Tesla continues to fade as consumer perception and shopping consideration fell again, according to the Q4 2020 Kelley Blue Book Brand Watch™ report. The Kelley…
Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impact Continuing jobless claims and impacts by…
Automotive News, Feb. 9, 2021 – Buick dealer Len Pollak had a rule for his four sons in the 1960s: No going to the NADA convention until you’re 10. That left Dale Pollak, the youngest, in an annual state of…
Toyota Motor reported financial results for Q3 FY 2020, the October-to-December 2020 quarter, on Wednesday, February 10, the third quarter of its fiscal year that ends March 31, 2021. Toyota executives in the U.S. promised the automaker would end calendar…
