Overall industry performance in Q3 finished near the Cox Automotive forecast and down just slightly from year-ago levels. The market was fairly stable as the industry experienced three consecutive months near a 17.0 million seasonally adjusted annual rate (SAAR). Data highlights…
Bloomberg, Oct. 11, 2019 – Falling used-car prices last month were a major contributor to subdued inflation for the U.S. economy. Auto analysts warn this could be a lasting trend with major negative implications for new-vehicle demand. The 1.6% monthly…
It is important to look at average days in inventory for retail used vehicles because as used retail inventory ages, dealers begin to slow wholesale purchases. 2017 began with the most days in dealer inventory for used vehicles, for all…
An analysis by the Cox Automotive Industry Insights team indicates General Motors continues to have ample supply of new vehicles to sell, despite a strike and work stoppage that has entered its fourth week. According to Cox Automotive estimates, GM’s…
A replay of the Q3 Manheim Used Vehicle Value Index Call hosted by Cox Automotive Chief Economist Jonathan Smoke and Zo Rahim, manager of economics and industry insights for Cox Automotive, is available below. During the call, Jonathan and Zo presented…
Automotive News, Oct. 7, 2019 — The numbers looked ugly, but U.S. auto sales weren’t really that bad in September, considering hefty fleet volumes and a shift in the calendar. The industry’s seasonally adjusted, annualized selling rate came in at an…
ATLANTA (Oct. 7, 2019) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.04% month over month in September. This brought the Manheim Used Vehicle Value Index to 139.9, flat from a year ago and off…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.04% month-over-month in September. This brought the Manheim Used Vehicle Value Index to 139.9, flat from a year ago and off the record high for the Index.…
The pace of job creation continues to be weaker than last year, but enough jobs are being created to push the unemployment rate lower. However, not all sectors are strong, as manufacturing is now shedding jobs, and manufacturing data suggest that losses…
Auto Remarketing , Oct. 4, 2019 — The automotive industry is experiencing a used-car renaissance with consumers heavily favoring used inventory over new for their vehicle purchases. While many factors are in place, this shift could primarily be attributed to used…
