Highlights Housing Market Insights Existing Home Sales New Home Sales Overall Home Sales Economic Indicators Durable Goods Orders Jobless Claims Consumer Sentiment University of Michigan Index Morning Consult Index Gas Prices Conclusion This week’s economic data shows a mixed picture.…
Updated, June 4, 2024 – The new-vehicle sales pace in May surprised to the upside, as higher inventory levels and more aggressive deal-making helped push the May sales pace slightly higher than the Cox Automotive forecast of 15.8 million. Our…
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…
Highlights Inflation Trends Headline inflation growth showed signs of slowing down in April, according to the Consumer Price Index (CPI), providing relief to the financial markets: Retail Sales Performance Retail sales for April were flat, falling short of expectations: Residential…
Used-vehicle inventory levels at the start of May were higher than in April, according to the Cox Automotive analysis of vAuto Live Market data, as sales fueled by tax refunds slowed. In all, the tax refund season – oftentimes a lift…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.3% from April in the first 15 days of May. The mid-month Manheim Used Vehicle Value Index rose to 199.1, which was down 11.3% from the full month…
Despite generally healthy sales in April, brands with 100+ average days’ supply pulled the average days’ supply up two days at the start of May to 76 days, according to Cox Automotive’s analysis of vAuto Live Market View data. One…
According to vAuto Live Market View data estimates, retail used-vehicle sales in April decreased from March and were down by 7.0% month over month. A total of 1.45 million used vehicles were sold at retail – from both franchised and independent…
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…
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…
