Updated, April 2, 2025 – Initial industry estimates of new-vehicle sales in March suggest nearly 1.56 million units were sold, beating the Cox Automotive forecast by a large margin; our team had expected volume in March to be 1.43 million, a decline from 2024 levels. In fact, sales in March were higher year over year and … Continued
The Q1 Cox Automotive Industry Insights and Sales Forecast Call will be held today, March 26, at 11 a.m. EDT. The presentation is available for download. Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team will provide an update on the U.S. automotive market for the first quarter, covering the new, used and electrified markets with insights … Continued
Key Highlights Retail Sales Performance Retail sales registered weak growth in February, with seven of 12 categories down, but sales were up year over year on a nominal and inflation-adjusted basis. The initial retail sales report for February showed a 0.2% growth, which was weaker than expected, following a 1.2% decline in January. Residential Construction … Continued
The Q1 Cox Automotive Industry Insights and Sales Forecast Call will be hosted on Wednesday, March 26, at 11 a.m. EDT, shortly before the auto industry closes the book on the first quarter. In the upcoming webinar, Cox Automotive Chief Economist Jonathan Smoke, along with the Economic and Industry Insights team, will deliver an update … 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
Last month, new electric vehicle (EV) sales slightly declined but reached a record high for February, with luxury brands performing well. Used EV sales also declined month over month but grew significantly year over year. Days’ supply increased for both new and used EVs but remained significantly lower than the prior year. Pricing trends showed a … Continued
The Fed left monetary policy unchanged today at the conclusion of the second scheduled meeting of 2025. Following a similar no-change decision in January, this meeting featured updated forecasts and future rate perspectives, and the updated outlook is for less growth, more inflation and higher unemployment. None of that is good news for the auto … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) dropped from February in the first 15 days of March. The mid-month Manheim Used Vehicle Value Index fell to 200.8, now showing a decline of 1.1% from the full month of March 2024. The seasonal adjustment worked against the March non-adjusted price increase. The … 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 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
