According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in November1 increased by nearly 2% month over month from October. A total of 1.4 million used vehicles were sold at retail – from both franchised…
As 2024 draws to a close, the U.S. electric vehicle (EV) market continues to gain momentum. November saw steady growth in sales for both new and used EVs, with inventory tightening and narrowing the gap between EVs and ICE+ models. Additionally,…
November saw another month of increased sales pace as consumers and dealers alike expressed optimism and confidence in the economy and vehicle availability. Inventory increased by just over 8,700 units through the month of November. Sales increased by 6.5%, with…
The Fed confirmed today that they have stuck to the plan of cutting another quarter point in the Fed Funds Rate, but their outlook for additional cuts was scaled back. Rate policy is now expected to move only a half…
Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens…
ATLANTA, Dec. 17, 2024 – Cox Automotive, the world’s largest automotive services and technology provider, today introduces powerful, new Artificial Intelligence capabilities to its leading CRM solution VinSolutions. Using Predictive Insights with Generative AI (GenAI) capabilities, this proprietary CRM technology incorporates…
A replay of the Cox Automotive Industry Insights and Forecast 2025 Call held on Tuesday, Dec. 17, is available below. Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team provided an update on the U.S. automotive market for 2024, covering the…
Updated, Jan. 6, 2025 – New-vehicle sales in 2024 finished near 16.0 million, according to estimates from Cox Automotive’s Kelley Blue Book, an increase of just over 2% from 2023 and the best year for volume since the pandemic. Total…
With the national election now fully in the rearview mirror and consumer sentiment improving, we turn our attention to the year ahead and an automotive market shifting into a higher gear. As we develop our forecast for 2025, we are…
The Cox Automotive Industry Insights and 2025 Forecast Call will be held today, Dec. 17, at 11 a.m. EST. The presentation is available for download. Cox Automotive Chief Economist Jonathan Smoke and the Economic and Industry Insights team will provide a…
