New-vehicle prices in November climbed higher year over year for the second straight month, according to data from Kelley Blue Book released today. Last month, the average transaction price (ATP) for a new vehicle was $48,724, an increase of $699, or 1.5%, from November 2023. The November ATP was also higher by $720 compared to … Continued
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 video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading … Continued
Cox Automotive experts are here to help you make the most of NADA2025 and the year ahead. During this past year, the Research and Market Intelligence team at Cox Automotive connected with thousands of consumers and dealers on a variety of topics impacting the automotive industry. From affordability to electrification to car buying and more, … Continued
Key Highlights Economic Labor Trends Steady job growth was witnessed in November as the job market recovered from Hurricane Milton’s disruptions in October, indicating a stable labor market environment. New-Vehicle Sales and Prices The new-vehicle SAAR greatly improved in November, reaching the best level since May 2021. Used-Vehicle Sales and Prices The used-vehicle market experienced … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were higher in November compared to October. The Manheim Used Vehicle Value Index (MUVVI) rose to 205.4, an increase of 0.2% from a year ago. The seasonal adjustment to the index amplified the change for the month, as non-seasonally adjusted values declined slightly. The … Continued
Key Highlights GDP The increase in third-quarter real GDP was unchanged at 2.8%, reflecting steady economic growth. Personal Income and Spending Consumer spending growth decelerated in October as expected, while personal income growth accelerated and was much stronger than expected. Inflation The Personal Consumption Expenditure Index (PCE), the key gauge of inflation that the Fed … Continued
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 video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading … Continued
Updated, Dec. 4, 2024 – U.S. auto sales in November 2024 beat expectations, showcasing strong momentum as the year approaches its close. While initial forecasts anticipated a sales pace of 16.0 million with a volume of 1.32 million vehicles, the latest data suggests the industry is on track to hit a seasonally adjusted annual rate … Continued
The U.S. electric vehicle (EV) market is on track for another record-breaking year, with October showing growth in both new and used EV sales. During this period, the gap in days’ supply between new EVs and new traditional models remained wider than the gap for those vehicles in the used market. Meanwhile, the average transaction … Continued
Key Highlights Residential Construction Offers Mixed Signals The latest housing market data highlights declining trends in residential construction, reflecting potential headwinds for auto sales recovery. Existing Home Sales Show Resilience Amid Rising Inventories Existing home sales provide some optimism, delivering stronger-than-expected growth in October. Labor Market Faces Challenges Amid Rising Claims Employment data signals ongoing … Continued
