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…
ATLANTA, May 14, 2024 – A downward slide in new-vehicle prices through the first quarter of 2024 reversed course in April, with average transaction prices (ATPs) increasing by 2.2% to $48,510, the highest prices since December 2023. The April price estimates…
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 report covers a wide range of topics, including consumer…
ATLANTA, May 14, 2024 – A second, significant wave of shoppers ready to consider buying an electric vehicle (EV) is poised to begin entering the market in the second half of the decade, according to the latest findings from the…
Highlights Used Vehicle Sales and Values In April, used retail vehicle sales volumes decreased compared to March, while certified pre-owned (CPO) sales declined month over month. Additionally, the Manheim Used Vehicle Value Index declined on a seasonally adjusted basis. Consumer…
On May 9, the Cox Automotive Impact Summit: EV and AI was held in Detroit, attracting two dozen local media and influencers. The two 45-minute panel discussions and a Q&A focused on two of the industry’s most important topics today and showcased…
Access to auto credit declined slightly in April as credit tightened across new and certified pre-owned (CPO) channels and at banks and captives, according to the Dealertrack Credit Availability Index. The All-Loans Index declined to 93.8 in April, down 0.7%…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in April compared to March. The Manheim Used Vehicle Value Index (MUVVI) fell to 198.4, a decline of 14.0% from a year ago. The seasonal adjustment to…
Highlights Job Growth and Unemployment Dynamics April’s job growth has taken a significant dip, falling below expectations and revising down the tally of previous months, contributing to a broader discussion on labor market trends and economic indicators as viewed through…
The Fed left interest rates and overall monetary policy unchanged today. We have now had six straight meetings with no change in rate policy. The Fed remains focused on a 2% target. Still, they appear to recognize that waiting could…
