Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) moved 0.4% higher in January compared to December, causing the Manheim Used Vehicle Value Index (MUVVI) to increase to 205.6, a gain of 0.8% from a year ago. The seasonal adjustment to the index muted the movement for the month, as non-seasonally adjusted values … Continued
While the tariff story continues to evolve, the chapter written earlier this week was good news for the auto industry. Massive 25% tariffs were not implemented against goods from Canada and Mexico, at least not yet. And that is good news for everyone involved, as there is little doubt: Tariffs of 25% across North America … Continued
New Orleans was hit by a historic snowfall just as thousands of attendees were arriving for the NADA Show 2025. The rare winter storm brought the heaviest snowfall the city had seen in over 130 years, adding an extraordinary twist to one of the automotive industry’s most significant events. Despite the weather-induced travel chaos, which … 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 Economic Growth and Consumer Spending The first estimate of fourth-quarter real GDP showed a slowing pace of growth at 2.3% from the 3.1% rate in the prior quarter, but underneath the total, consumer spending accelerated as spending on goods and services both accelerated. Personal Income and Inflation Consumer spending in December was strong … Continued
The Fed left monetary policy unchanged at the conclusion of their first meeting of 2025. This followed three consecutive meetings in the fall of last year in which they reduced the Fed Funds Rate by a full percentage point. The Fed meeting this week offered few new facts or insights about their perspectives. The latest … Continued
Updated, Feb. 4, 2025 – New-vehicle sales in January increased compared to year-ago levels, as our team had expected, but initial results indicate that market volume likely came in slightly below our forecast. The Cox Automotive forecast called for year-over-year growth of 5.2%, but early estimates suggest the increase was closer to 4%, as some … Continued
Key Highlights Residential Construction Trends Residential construction trends were mixed in December as permits declined and starts increased, but the underlying data suggest growth is ahead for multifamily. Existing Home Sales Existing home sales increased 2.2% in December, which was better than the 1.2% increase expected and marks the third month of increases. Inventory declined, … Continued
ATLANTA, Jan. 27, 2025 – Cox Automotive announces Diane Maher, president and chief strategy officer of DP Fox Ventures LLC and president and chief operating officer at Fox Motor Group, as the 2025 Barbara Cox Woman of the Year. 2025 marks the 20th presentation of the award, named in honor of the late Barbara Cox, … Continued
On Monday, Jan. 6, Cox Automotive took center stage at CES 2025 in Las Vegas with The Trusted Resource on the EV Future, a dynamic 40-minute panel discussion highlighting the latest advancements in electrification and how Cox Automotive is leading the charge in innovation and sustainability within the EV space. Moderated by Erin Keating, Executive … Continued
