ATLANTA – July 29, 2025 – Cox Automotive has signed an agreement with BSC America (BSC) indicating the intent to acquire its Bel Air Auto Auction near Baltimore, Maryland and Tallahassee Auto Auction in Tallahassee, Florida. The agreement is expected to close in the coming weeks, at which time the two auctions will become part … Continued
Updated, Aug. 4, 2025 – July new-vehicle sales finished stronger than expected and beat the Cox Automotive forecast. Sales volume last month was higher year over year by 6.6% percent, helped in part by a good month for fleet sales, which are estimated to have increased more than 8% over July 2024. Cox Automotive had … Continued
Key Highlights: Home Sales This week was a light week for important economic data releases, with primarily June data on home sales, which unsurprisingly indicated little change in trend on a down market. With existing home sales decreasing and new home sales increasing only slightly in June, total home sales declined 2.3% for the month … Continued
Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading … Continued
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
Key Highlights: Inflation Inflation accelerated in June, with the headline Consumer Price Index (CPI) up 2.7% year over year. The CPI data reflects early signs of inflation reacceleration tied to tariffs. Retail Sales Retail sales grew more than expected in June, with growth in most categories. Adjusting for inflation, retail sales were still higher year … Continued
Most Americans depend on personally owned vehicles for transportation, and the widespread availability of automotive financing has long played a crucial role in making vehicle ownership possible. This access to credit empowers consumers to purchase the vehicles they need, whether new or used, in good times and bad. As new-vehicle prices have increased over time, … Continued
The EV market in June showed signs of steady momentum, even as underlying dynamics continued to shift. New EV sales softened slightly, but market share climbed. Used EV sales dipped month over month but remained sharply higher than a year ago. Inventory levels, pricing and incentives all indicate a market adjusting to evolving consumer demand … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.7% from June in the first 15 days of July. The mid-month Manheim Used Vehicle Value Index was 206.9, showing a rise of 2.6% from the full month of July 2024. The seasonal adjustment reduced the results for the index in the month, which was … Continued
New-vehicle affordability improved slightly in June, reversing some of the deterioration following the announcement of new tariffs, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “Tariffs remain a major headwind for vehicle affordability,” said Cox Automotive Chief Economist Jonathan Smoke. “Even with some trade relief, the added cost – up to $5,700 per imported … Continued