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.…
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…
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…
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…
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…
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, Nov. 21, 2024 – Cox Automotive announced today that Dale Pollak, executive vice president and the founder of vAuto, will leave the company at the end of 2025. Throughout next year, Pollak will focus on transitioning key customer relationships…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.6% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index increased to 206.1 and is now showing a gain of 0.5%…
Key Highlights Inflation Rises The auto industry is experiencing price dynamics influenced by inflation trends. Retail Sales Increase The auto sector showed robust performance in retail sales, outpacing the broader market. Auto Loan Performance Remains Weak Auto credit is likely…
ATLANTA, Nov. 18, 2024 – Cox Automotive Deal API, a cutting-edge solution from Cox Automotive, is transforming the automotive industry by enabling omnichannel car-buying experiences across all online channels and in-store systems. Cox Automotive Deal API empowers OEMs, lenders and…
