According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of January increased from December but were lower than in early January 2024. 2.22M Total UnsoldUsed Vehiclesas of Jan. 6, 2025 48 Days’ Supply $25,721 Average Listing Price 68,787 Average Mileage As January opened, the total supply of used … Continued
ATLANTA—January 17, 2025— vAuto, a Cox Automotive, Inc. brand, today announced two new innovative enhancements to its industry-leading solutions, ProfitTime GPS and Provision: Centralized Inventory Management to support dealer group oversight and a new appraisal experience, which help dealers win more trade-ins in a supply constrained used vehicle market. Designed to streamline operations, enhance transparency, … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were higher than those of December in the first 15 days of January. The mid-month Manheim Used Vehicle Value Index rose to 205.4, now showing a gain of 0.7% from the full month of January 2024. The seasonal adjustment dampened the results for the … Continued
ATLANTA—Jan. 17, 2025—Cox Automotive Inc. today announced new capabilities to Xtime, the industry leading service platform for dealerships. Designed to deliver a modern service experience from appointment to payment, the new capabilities span communications, multimedia, reporting and connected workflows, while empowering dealerships to maximize service revenue and elevate the customer experience. “Xtime’s latest enhancements underscore … Continued
New-vehicle sales roared at the end of the year, with a strong December finish. Following the resolution of election uncertainties, interest rates began to decline and inventory levels reached their peak for the year. This created an ideal blend of improved consumer sentiment, bigger discounts and evident optimism in the market. New-vehicle sales rose by … Continued
New-vehicle affordability declined in December, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. Lower interest rates, higher incentives and increased incomes could not offset the impact of higher prices. “In December, new vehicles were only slightly less affordable than in the previous month,” said Jonathan Smoke, chief economist at Cox Automotive. “The December index … Continued
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
