Central Dispatch® Unveils Fully Integrated Transportation Marketplace for Clients, Lays Foundation for the Future

News Press Releases 5 min read

ATLANTA – August 16, 2024 – On its journey to transform the vehicle transportation experience for shippers, brokers and carriers, Central Dispatch today unveiled its completely reimagined marketplace. Built with client feedback top of mind, this significantly enhanced experience simplifies transportation management by providing shippers, brokers and carriers everything they need to complete the transaction … Continued

Notable Increase in Reported Sales Drives Used-Vehicle Inventory Lower in July

3 min read

The dealer management system (DMS) outage that disrupted sales and inventory reporting over the previous month continues to create volatility in our reporting. As of the end of June, the impacts ended up inflating days’ supply levels and lowering sales, and that is now unwinding and delivering a great deal of variability for those data … Continued

Used Retail Vehicle Sales Increase in July

2 min read

According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in July increased from June, rising by 27.6% month over month. A total of 1.6 million used vehicles were sold at retail – from both franchised and independent dealers – during July, up 16.5% year over year. Days’ supply for July … Continued

New-Vehicle Inventory Remains Stable, While Days’ Supply Reporting Is Bumpy Due to DMS Outage

3 min read

Revised, Sept. 19, 2024 – An industry-wide disruption in June, due to a cyber breach at a widely used dealer management system (DMS) supplier, has created volatility in reporting of sales and days’ supply across Cox Automotive’s data sets. This is revealed in a new-vehicle days’ supply of 70 at the start of August, representing … Continued

New-Vehicle Affordability Improved in July to Best Level in Three Years

2 min read

New-vehicle affordability improved in July to the best level in three years as incentives grew and rates drifted lower, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “New-vehicle affordability saw an improvement in July, even as auto credit availability declined,” said Cox Automotive Chief Economist Jonathan Smoke. “Consequently, while new vehicles might be somewhat … Continued

New-Vehicle Sales Incentives Climb Higher in July, According to Kelley Blue Book Estimates

5 min read

ATLANTA, Aug. 13, 2024 – New-vehicle prices were lower year over year for the 10th consecutive month in July. Higher inventory levels and higher incentives have shifted the U.S. auto market to favor buyers, but high loan rates and tight credit conditions continue to hold industry sales below potential. In July, according to data released today … Continued

Auto Credit Availability Declines for Fourth Consecutive Month in July

5 min read

July 2024 marked the fourth consecutive month of auto credit availability decline, with all lender types and channels tightening credit access, according to the Dealertrack Credit Availability Index. The All-Loans Index was 92.9 in July, down 1.0% from a downwardly revised June reading and down 1.5% year over year. Dealertrack Credit Availability Index1 Auto loan … Continued

Auto Market Weekly Summary

3 min read

Highlights: New-Vehicle Average Transaction Pricing Despite slight variations, the average transaction price of a new vehicle remained statistically unchanged from June at approximately $48,401. This reflects a minor dip of 0.2% year over year, but overall, an impressive increase of 24.6% since July 2019. Incentives from manufacturers are also on the rise, gaining 9.1% in … Continued

Wholesale Used-Vehicle Prices Increased in July

7 min read

Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were higher in July compared to June. The Manheim Used Vehicle Value Index (MUVVI) rose to 201.6, a decline of 4.8% from a year ago. The seasonal adjustment to the index amplified the impact on the month, resulting in values that rose 2.8% month … Continued

Cox Automotive Announces Expanded Leadership Role for Ken Kraft

News Press Releases 4 min read

ATLANTA, Aug. 6, 2024 – Cox Automotive today announced an expanded leadership role for Executive Vice President and Chief Marketing Officer Ken Kraft. In addition to his current marketing responsibilities, Kraft will lead the company’s sales organization. He will continue to report to Cox Automotive President Steve Rowley and remain a member of the executive … Continued