New-vehicle prices in December climbed higher for the fourth consecutive month and were close to the all-time high marked in December 2022. Average transaction prices (ATPs), as measured by Cox Automotive’s Kelley Blue Book, typically peak in December, as high-priced models from luxury makers often sell well in the final month of the year. New-vehicle … Continued
ATLANTA, Jan. 14, 2025 — Cox Automotive Inc. today announced the release of its annual Dealertrack Compliance Guide for 2025, its 20th edition. As the automotive industry remains stable yet faces major market shifts in the coming year related to fair financing, vehicle electrification and omnichannel buying, dealers must prioritize compliance to protect consumers and … Continued
In December 2024, the Dealertrack Credit Availability Index revealed a notable improvement in auto credit access across all channels and lender types. The All-Loans Index reached 95.5, marking a 0.2% increase from November and a 1.9% rise year over year. This is the highest level of auto credit access since March 2023. Dealertrack Credit Availability … Continued
Sales of electric vehicles (EVs) in the U.S., according to the latest counts from Cox Automotive’s Kelley Blue Book, jumped 15.2% year over year in the fourth quarter of 2024 to 365,8241, setting a new volume record for any quarter. In 2024, full-year EV sales reached 1.3 million, an increase of 7.3% from the upwardly … Continued
Key Highlights Employment Trends Job growth was strong and much better than expected in December, affirming that the labor market has stabilized. Unemployment declined, but wage growth cooled modestly. New-Vehicle Sales and Prices The new-vehicle seasonally adjusted annual rate (SAAR) improved in December to 16.8 million, the best level since April 2021. Used-Vehicle Market The … Continued
ATLANTA—Jan. 8, 2025—Cox Automotive Inc.’s Executive Vice President and vAuto founder, Dale Pollak, has released “Invested: The New Science, Strategy & System of Used Vehicle Investment Management,” his latest book that challenges the fundamental beliefs and assumptions of used vehicle operations that have shaped the industry for more than a century. “Invested” is a new … Continued
ATLANTA, Jan. 8, 2025 – Fleet Services by Cox Automotive today announced that it has acquired the remainder of its industry-leading Fleet Services business from minority owners Mike Dickinson and Ted Coltrain. Coltrain will retire from Fleet Services this month, while Dickinson will remain in a consultancy role to facilitate a smooth transition. With this … Continued
A replay of the Q4 2024 Manheim Used Vehicle Value Index Call held on Wednesday, Jan. 8, is available below. Cox Automotive Chief Economist Jonathan Smoke, Senior Director Jeremy Robb, and Scott Vanner, a senior analyst on the Economic and Industry Insights team, presented the latest Manheim Used Vehicle Value Index and the major economic and industry trends … Continued
ATLANTA, Jan. 8, 2025 – After seeing used-vehicle values depreciate more than normal in the first half of the year, the Manheim Used Vehicle Value Index (MUVVI) ended 2024 at 204.8, an increase of 0.4% compared to year-earlier levels. While a gain of 0.4% is below the long-term average growth of 2.3%, the December reading … Continued
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in December compared to November. The Manheim Used Vehicle Value Index (MUVVI) fell to 204.8, an increase of 0.4% from a year ago. The seasonal adjustment to the index reduced the change for the month, as non-seasonally adjusted values declined at a … Continued
