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…
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%…
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…
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…
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…
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…
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…
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.…
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.…
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)…
