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Estimated Monthly Used-Vehicle SAAR and Volume

Total used-vehicle sales in February are estimated to be near 3.2 million units, up 3% from February 2022. The seasonally adjusted annual rate, or SAAR, is estimated to have finished near 35.5 million, up from last February’s 34.5 million level but down from January’s upwardly revised 37.5 million level. Total Used Volume and Used SAAR … Continued

Cox Automotive Auto Market Report: March 14th

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 insights. Download this week’s presentation

CPO Sales Continue to Grow in February

After a strong January, certified pre-owned (CPO) sales in February rose another 1.9% month over month to finish at 205,946, up nearly 3,900 units. This total is up 7.3%, or over 14,000 units, compared to last February. February CPO Sales Used retail sales in February are estimated to be up 3.5% year over year finishing … Continued

Used Car Dealer Podcast Episode 48: Interview with Dale Pollak, vAuto Founder and EVP at Cox Automotive

In this Used Car Dealer Podcast episode, Zach Klempf interviews Dale Pollak, Founder, vAuto and EVP, Cox Automotive. Dale discusses trends in the used vehicle market, as well as why now is the time for dealers to move from Velocity to Variable Management. He also touches on how vAuto’s ProfitTime GPS helps dealers implement a variable inventory … Continued

Cox Automotive Monthly Industry Update Video Series – Episode 10

The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format.  In Episode 10, Cox Automotive Manager of Economic and Industry Insights Mirlene Jean-Simon is joined by Michelle Krebs, executive analyst, … Continued

Auto Market Weekly Summary: March 13

Job growth in February decelerated but was still stronger than expected. The unemployment rate increased, and wage growth decelerated. Jobless claims are rising again. Continuing claims are fast approaching the highest level in over a year. However, claims remain at historically low levels relative to the job base. Tax refund season is well ahead of … Continued

Auto Credit Availability Loosened Modestly in February

Access to auto credit loosened modestly in February, according to the Dealertrack Credit Availability Index for all types of auto loans. The All-Loans Index increased 0.9% to 98.1 in February, reflecting that auto credit was easier to get in the month compared to January. Even with the increase in February, access was tighter by 4.4% … Continued

Cox Automotive Dealer Sentiment Index: Strong U.S. Auto Market Performance Expected in Q2

ATLANTA, March 9, 2023 – U.S. automobile dealer sentiment in the first quarter of 2023 was little changed from the level recorded in Q4 2022 and remains at the lowest level since the height of the global COVID-19 pandemic, according to the Cox Automotive Dealer Sentiment Index (CADSI). At 43, the current market index is below … Continued

New-Vehicle Transaction Prices Trend Downward as Incentives Rise, According to Kelley Blue Book

ATLANTA, March 8, 2023 – The average transaction price (ATP) of a new vehicle in the United States declined in February 2023 to $48,763, a decrease of 1.4% ($705) from an upwardly-revised January reading of $49,468. Transaction prices last month were up 5.3% ($2,466) from year-ago levels, according to data released today by Kelley Blue … Continued

Wholesale Used-Vehicle Prices See Large Increase in February

Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 4.3% in February from January. This was the largest increase for the full month of February since 2009’s 4.4% rise. The Manheim Used Vehicle Value Index (MUVVI) rose to 234.5, down 7.0% from a year ago. February’s increase was driven partially by the … Continued