ATLANTA and INDIANAPOLIS, March 14, 2024 – Fleet Services by Cox Automotive announced its commitment to the U.S. Army’s Partnership for Your Success (PaYS) Program, helping soldiers prepare for a career after the Army. The two organizations signed an official…
March opened with 76 days of supply across the industry, as brisk February sales drew down new-vehicle inventory as measured in days’ supply, according to Cox Automotive’s analysis of vAuto Live Market View data. 2.74M Total Inventoryas of March 4,…
ATLANTA, March 13, 2024 – The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40 to 42, but remains well below the…
ATLANTA – March 12, 2024 – DealShield®, the wholesale industry’s best purchase protection solution, has surpassed a major milestone: $80 billion in vehicle value guaranteed since launching nationally 10 years ago. That’s more than 4.5 million vehicles dealers have purchased with the utmost…
ATLANTA, March 11, 2024 – New-vehicle transaction prices (ATP) in February 2024 held mostly steady, according to an analysis by Kelley Blue Book, falling less than one-tenth of 1% from the revised January ATP. The average transaction price of a new…
Job growth in February accelerated and was stronger than expected, but prior job numbers were revised down substantially. Some metrics indicate weakening – like the downward revisions, slower wage growth, and higher unemployment rate. However, the three-month average for job…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in February compared to January. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.8, a decline of 13.1% from a year ago. The index was down…
The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable…
The new-vehicle seasonally adjusted annual rate (SAAR), or sales pace, improved to 15.8 million in February, up from 15.0 million in January, which was impacted by winter weather. An update on new-vehicle sales in February was published this morning. Real…
Existing home sales increased modestly in January, as the bottom in home sales was likely in 2023. However, the existing home supply remains only half of what is considered normal, and home prices still show above-average year-over-year increases. Jobless claims…
