Highlights: Headline Inflation and Core CPI The July CPI report affirmed continued declines in year-over-year inflation to the lowest level since March 2021. Shelter drove 90% of the July monthly increase, and without shelter, inflation is under the Fed’s target. Furthermore, shelter is not going to improve with rates in restrictive territory as new construction … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.5% from July in the first 15 days of August. The mid-month Manheim Used Vehicle Value Index increased to 202.6, which was down 4.5% from the full month of August 2023. The seasonal adjustment softened the results for the month. The non-adjusted price … Continued
While the world’s attention was fixated on the Summer Olympics in Paris, a different kind of global competition is also unfolding. China, a leader in both sports and manufacturing, is sprinting towards supremacy in the global electric vehicle market. Unlike the Olympics, this race is not about meters or seconds but about market share and … Continued
ATLANTA – August 16, 2024 – On its journey to transform the vehicle transportation experience for shippers, brokers and carriers, Central Dispatch today unveiled its completely reimagined marketplace. Built with client feedback top of mind, this significantly enhanced experience simplifies transportation management by providing shippers, brokers and carriers everything they need to complete the transaction … Continued
The dealer management system (DMS) outage that disrupted sales and inventory reporting over the previous month continues to create volatility in our reporting. As of the end of June, the impacts ended up inflating days’ supply levels and lowering sales, and that is now unwinding and delivering a great deal of variability for those data … Continued
According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in July increased from June, rising by 27.6% month over month. A total of 1.6 million used vehicles were sold at retail – from both franchised and independent dealers – during July, up 16.5% year over year. Days’ supply for July … Continued
Revised, Sept. 19, 2024 – An industry-wide disruption in June, due to a cyber breach at a widely used dealer management system (DMS) supplier, has created volatility in reporting of sales and days’ supply across Cox Automotive’s data sets. This is revealed in a new-vehicle days’ supply of 70 at the start of August, representing … Continued
New-vehicle affordability improved in July to the best level in three years as incentives grew and rates drifted lower, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “New-vehicle affordability saw an improvement in July, even as auto credit availability declined,” said Cox Automotive Chief Economist Jonathan Smoke. “Consequently, while new vehicles might be somewhat … Continued
ATLANTA, Aug. 13, 2024 – New-vehicle prices were lower year over year for the 10th consecutive month in July. Higher inventory levels and higher incentives have shifted the U.S. auto market to favor buyers, but high loan rates and tight credit conditions continue to hold industry sales below potential. In July, according to data released today … Continued
July 2024 marked the fourth consecutive month of auto credit availability decline, with all lender types and channels tightening credit access, according to the Dealertrack Credit Availability Index. The All-Loans Index was 92.9 in July, down 1.0% from a downwardly revised June reading and down 1.5% year over year. Dealertrack Credit Availability Index1 Auto loan … Continued