Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights the mid-month Manheim Used Vehicle … Continued
ATLANTA, Nov. 21, 2024 – Cox Automotive announced today that Dale Pollak, executive vice president and the founder of vAuto, will leave the company at the end of 2025. Throughout next year, Pollak will focus on transitioning key customer relationships and his industry-leading thought leadership, as well as continue his National Automobile Dealers Association (NADA) … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.6% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index increased to 206.1 and is now showing a gain of 0.5% from the full month of November 2023. The seasonal adjustment amplified the results for the … Continued
Key Highlights Inflation Rises The auto industry is experiencing price dynamics influenced by inflation trends. Retail Sales Increase The auto sector showed robust performance in retail sales, outpacing the broader market. Auto Loan Performance Remains Weak Auto credit is likely to remain tight because auto loan performance continues to be weak. Consumer Sentiment Improves The … Continued
ATLANTA, Nov. 18, 2024 – Cox Automotive Deal API, a cutting-edge solution from Cox Automotive, is transforming the automotive industry by enabling omnichannel car-buying experiences across all online channels and in-store systems. Cox Automotive Deal API empowers OEMs, lenders and independent software partners to deliver deal consistency at every touchpoint, bridging data gaps between systems … Continued
New-vehicle affordability improved in October as interest rates declined, incentives increased, and income gains all favored the consumer, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. October had the best vehicle affordability level since August 2021. “Auto loan rates are beginning to decline, offering some relief to consumers,” said Cox Automotive Chief Economist Jonathan Smoke. … Continued
Cox Automotive experts are here to help you make the most of NADA2025 and the year ahead. In the first installment of our new “Expert Outlooks” series, Jonathan Smoke, SVP & Chief Economist, shares his unique perspective on the themes that shaped 2024 and why he is optimistic about next year.
According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in October1 increased by nearly 7% month over month from September. A total of 1.4 million used vehicles were sold at retail – from both franchised and independent dealers – during October, up 12% year over year. Days’ supply of used vehicles … Continued
According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of November were higher than in October but lower than in early November 2023. 2.17M Total UnsoldUsed Vehiclesas of Nov. 4, 2024 45 Days’ Supply $25,499 Average Listing Price 70,326 Average Mileage As November opened, the total supply of … Continued
The election is over and decisive. Consumer sentiment, according to Morning Consult, has improved for five straight months and is at the highest level in three and a half years. Indeed, October sales in the automotive industry saw an increase of 13% over the same time last year, and yet, new-vehicle inventory continues to rise. … Continued