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Cox Automotive Monthly Industry Update Video Series – Episode 16

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 16, Cox Automotive Manager of Economic and Industry Insights Mirlene Jean-Simon is joined by Rebecca Rydzewski, research manager, … Continued

Cox Automotive’s Evolved Brand Portfolio: Simplified and Harmonized

Chief Marketing Officer Ken Kraft explains the driving force behind Cox Automotive’s new simplified and harmonized brand portfolio and why, in this case, less is more for customers. Have you noticed the most powerful brands keep things simple? Think Google, Apple, Uber, Coca-Cola – all are easy to recognize, familiar and concentrated in one powerful … Continued

Estimated Monthly Used-Vehicle SAAR and Volume

According to Cox Automotive estimates based on vehicle registration data, total used-vehicle sales in October decreased 3.5% year over year to 3.0 million units. Retail used-vehicle sales also decreased month over month in October, with one less selling day than September. Estimates based on registration data indicate that the used-vehicle sales pace — both total … Continued

New-Vehicle Affordability Little Changed in October Despite Higher Interest Rates

Income growth favored consumers enough in October to offset the impact of higher prices, lower incentives, and higher auto loan rates. New-vehicle affordability improved slightly month over month and year over year, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “In October, strong income growth and smaller financed amounts helped the consumer overcome negative … Continued

Average New-Vehicle Prices Down 1.4% Year Over Year in October, as Healthy Inventories Help Buyers

ATLANTA, Nov. 13, 2023 – In October, with a UAW strike underway but new-vehicle inventories on the rise, the average price paid for a new vehicle in the U.S. was $47,936, less than 1% more than the month earlier (revised to $47,797), according to Kelley Blue Book, a Cox Automotive company. Compared to one year ago, when … Continued

Auto Market Weekly Summary

Used-vehicle sales slowed in October, and wholesale vehicle values resumed declining, erasing more than the small increases in the prior two months. Consumers are still leveraging credit as non-mortgage credit expanded by $9.06 billion in September, reversing some of August’s decline. Auto credit access improved again in aggregate in October across all channels and with … Continued

Used-Vehicle Inventory Remains Limited to Start November

Used-vehicle inventory volume at the start of November was slightly higher than in early October but days’ supply remained flat, according to the Cox Automotive analysis of vAuto Available Inventory data.   2.30M Total UnsoldUsed Vehiclesas of Nov. 6, 2023 49 Days’ Supply $26,533 Average Listing Price 69,971 Average Mileage The total supply of unsold … Continued

Auto Credit Availability Improved Again for Third Straight Month in October

The Dealertrack Auto Credit Availability Index shows that access to auto credit improved in October for all types of auto loans. Credit access loosened across all channels and lender types this fall, continuing the trend that began in the summer. However, even though credit access improved, it was still tighter than a year ago and, … Continued

New-Vehicle Inventory Rose Through October Despite UAW Strike

Despite UAW strikes at several plants throughout the month, new-vehicle inventory at the start of November was even higher than in early October, according to Cox Automotive’s analysis of vAuto Available Inventory data. The UAW and Detroit automakers have reached tentative contracts and settled the strike. Workers are back on the job as they vote … Continued

Cox Automotive Analysis: Honda Motor Company’s Quarterly U.S. Market Performance

With the computer chip shortage easing since last year, American Honda Motor saw improved production and higher inventory. Better product availability has led to substantially higher U.S. sales of late and should help boost Honda Motor’s overall revenue when quarterly results are reported Nov. 9. Inventory on core models, in particular, improved significantly, prompting a … Continued