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 Inflation Trends Inflation decelerated in February, with headline inflation declining to 2.8% year over year and core inflation declining to 3.1% year over year. Consumer Credit Trends Consumer credit excluding mortgages saw decelerating growth in January, according to the latest report from the Federal Reserve. Auto Credit Accessibility Access to auto credit improved … Continued
According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in February1 increased month over month compared to January. A total of 1.57 million used vehicles were sold at retail – from both franchised and independent dealers – during February, up 6% year over year. Days’ supply of used vehicles at the … Continued
According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of March decreased from February and were lower than in early March 2024. 2.18M Total UnsoldUsed Vehiclesas of March 3, 2025 42 Days’ Supply $25,006 Average Listing Price 71,298 Average Mileage As March opened, the total supply of used … Continued
New-vehicle affordability improved in February to the best level since the summer of 2021, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “Affordability is relative,“ noted Jonathan Smoke, chief economist at Cox Automotive. “We’re back to a K-shaped economy where higher-income individuals are faring much better, while lower-income individuals face more challenges. In February, … Continued
Tax season is off to a strong start, with 28% of all refunds issued totaling $102.25 billion, a 10% increase from last year, according to the most recent data available on Feb. 21. The average refund has risen 7% year over year to $3,453, providing a significant cash boost to Main Street USA. Additionally, annual … Continued
ATLANTA, March 12, 2025 – The Q1 2025 Cox Automotive Dealer Sentiment Index (CADSI) reports that the U.S. automobile dealers’ view of current market conditions increased from an index score of 42 in Q4 2024 to 44 in Q1 2025. The survey, conducted in late January and early February, indicates an upward shift in dealer … Continued
The monthly new-vehicle average transaction price (ATP) report from Cox Automotive’s Kelley Blue Book was released today. Key takeaways from February include: NEW-VEHICLE AVERAGE TRANSACTION PRICE Quote from Erin Keating, Executive Analyst Cox Automotive “February marks the five-year anniversary of the last ‘clean month’ of data prior to the global COVID pandemic that shifted the … Continued
Key Highlights Employment Trends Job growth accelerated in February and came in close to expectations, but the unemployment rate increased, and wage growth decelerated. New-Vehicle Sales and Prices The new-vehicle sales pace, or seasonally adjusted annual rate (SAAR), increased in February, but sales were slightly lower year over year with one fewer selling day. The … Continued
In February 2025, the Dealertrack Credit Availability Index revealed improvement in auto credit access across all channels, except new, and was mixed across lender types. The All-Loans Index reached 95.9, up from January and a 3.0% rise year over year. This is the highest level of auto credit access since December 2022. Dealertrack Credit Availability … Continued
