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DAILY DRIVE PODCAST: Cox Automotive Chief Product Officer Marianne Johnson

Automotive News Daily Drive Podcast, May 13, 2024 – Cox Automotive Chief Product Officer Marianne Johnson joins Jamie Butters, executive editor at Automotive News, for an episode of the Daily Drive podcast. On this episode, Butters and Johnson discuss how artificial intelligence is reshaping the auto industry.

New-Vehicle Affordability Declined in April

New-vehicle affordability declined in April, reversing some of the improvement in March, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “The decline in affordability resulted from negative trends in pricing and incentives, as manufacturers and dealers were less aggressive on promotions and discounting than they were for the quarter end,” said Cox Automotive Chief … Continued

After Three Months of Declines, New-Vehicle Prices Reversed Course in April, According to Latest Kelley Blue Book Estimates

ATLANTA, May 14, 2024 – A downward slide in new-vehicle prices through the first quarter of 2024 reversed course in April, with average transaction prices (ATPs) increasing by 2.2% to $48,510, the highest prices since December 2023. The April price estimates were released today by Kelley Blue Book, a Cox Automotive brand. Year over year, new-vehicle … Continued

Cox Automotive Auto Market Report: May 14th

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 report covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends, tax refund … Continued

Cox Automotive 2024 Path to EV Adoption Study Suggests Electric Vehicle Consideration Will Surge in Second Half of Decade

ATLANTA, May 14, 2024 – A second, significant wave of shoppers ready to consider buying an electric vehicle (EV) is poised to begin entering the market in the second half of the decade, according to the latest findings from the 2024 Path to EV Adoption Study by Cox Automotive. The findings indicate that nearly half … Continued

Auto Market Weekly Summary

Highlights Used Vehicle Sales and Values In April, used retail vehicle sales volumes decreased compared to March, while certified pre-owned (CPO) sales declined month over month. Additionally, the Manheim Used Vehicle Value Index declined on a seasonally adjusted basis. Consumer Credit According to the latest Federal Reserve report, consumer credit, excluding mortgages, experienced a significant … Continued

WATCH NOW: 2024 Impact Summit: EVs and AI

On May 9, the Cox Automotive Impact Summit: EV and AI was held in Detroit, attracting two dozen local media and influencers. The two 45-minute panel discussions and a Q&A focused on two of the industry’s most important topics today and showcased how Cox Automotive is leading change in both areas.  Session 1: EVs Following opening remarks … Continued

Auto Credit Availability Declined in April

Access to auto credit declined slightly in April as credit tightened across new and certified pre-owned (CPO) channels and at banks and captives, according to the Dealertrack Credit Availability Index. The All-Loans Index declined to 93.8 in April, down 0.7% year over year. Credit access in April was tighter than a year ago in all … Continued

Wholesale Used-Vehicle Prices Declined in April

Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in April compared to March. The Manheim Used Vehicle Value Index (MUVVI) fell to 198.4, a decline of 14.0% from a year ago. The seasonal adjustment to the index magnified the results for the month, resulting in a 2.3% month-over-month decrease. The … Continued

Auto Market Weekly Summary

Highlights Job Growth and Unemployment Dynamics April’s job growth has taken a significant dip, falling below expectations and revising down the tally of previous months, contributing to a broader discussion on labor market trends and economic indicators as viewed through the lens of vehicle sales, Federal Reserve policies, and average transaction prices in the auto … Continued