Key Highlights: GDP The decline in real GDP in the first quarter was revised down slightly in the second estimate, but the decline was mainly an accounting technicality based on surging imports. Personal Income and Spending Consumer spending growth decelerated in April following a surge in March. Year-over-year measures of inflation that the Fed follows … Continued
Updated, June 4, 2025 – As expected, the cumulative challenges of the tariff uncertainty and vehicle affordability are beginning to show up in the new-vehicle sales numbers. In May, according to initial estimates, new-vehicle sales were close to 1.47 million units, generally flat versus April and higher by 2.5% from year-ago levels. The numbers came in slightly lower … 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
Key Highlights: Existing and New Home Sales Existing home sales declined in April to Great Recession levels. Inventory increased, but overall supply remains tight, and prices were up 1.8% year over year. New home sales increased in April, leading total home sales higher for the month, but sales were down year over year. Jobless Claims … Continued
In April, the electric vehicle (EV) market faced several challenges, reflecting broader economic trends. New EV sales experienced a decline both month-over-month and year-over-year, although the market share in April saw a slight increase compared to March. Manufacturers had mixed results, with some reporting growth and others facing significant decreases. Meanwhile, the used EV market … Continued
ATLANTA, May 21, 2025 – The latest Cox Automotive Dealer Sentiment Index (CADSI) reveals a complex landscape for U.S. auto dealers, with franchised dealers buoyed by recent sales momentum while concerns about tariffs and political uncertainty cloud the outlook for the months ahead. The Q2 2025 CADSI, based on a national survey of 977 franchised … 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
ATLANTA, May 19, 2025 – Cox Automotive leaders Grace Huang, president of Inventory Solutions; Marianne Johnson, executive vice president and chief product officer; and Lori Wittman, president of Retail Solutions, have been named among the 100 Leading Women in the North American Auto Industry by Automotive News. They and their co-honorees from across the automotive … Continued
Key Highlights: Inflation Trends Headline inflation was softer than expected in April as year-over-year inflation, according to the Consumer Price Index (CPI), declined to 2.3% while core inflation was steady at 2.8% year over year. Retail Sales Retail sales in April were slightly better than expected, but category-level performance was mixed, with seven of twelve … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined from April in the first 15 days of May. The mid-month Manheim Used Vehicle Value Index fell to 205.9, showing a rise of 4.4% from the full month of May 2024. The seasonal adjustment lowered the reading of the index for the month, … Continued