A record 1.2 million U.S. vehicle buyers chose to go electric last year, according to estimates from Kelley Blue Book, a Cox Automotive company. More specifically, 1,189,051 new electric vehicles (EVs) were put into service as the slow shift to…
A replay of the 2024 Cox Automotive Industry Insights webcast held on Monday, January 8, is available below. Jonathan Smoke and the Industry Insights team provided a comprehensive update on the automotive industry for the new year. This session covered the…
ATLANTA (Jan. 8, 2024) – Following a downward trend that began in the second half of the year, 2023 ended with the Manheim Used Vehicle Value Index down 0.5% in December from November. The Manheim Used Vehicle Value Index (MUVVI)…
The 2024 Cox Automotive Industry Insights webcast will be hosted today, Jan. 8, at 11 a.m. EST. Join Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team for a 60-minute event that will provide a comprehensive update on the automotive industry for…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 0.5% in December from November. The Manheim Used Vehicle Value Index (MUVVI) dropped to 204.0, down 7.0% from a year ago. Compared to December 2021, used-vehicle values are…
Due to audience overlap, the topline highlights from the Manheim Used Vehicle Value Index and the 2024 forecast are being included in the Cox Automotive Industry Insights 2024 Webcast taking place today, Jan. 8, 11 a.m. EST. In place of a live…
Job growth in December was stronger than expected, but prior months were revised down. The three-month average shows slowing growth, and that slowing should continue in 2024. The unemployment rate was steady as labor force participation fell and wage inflation…
In December, sales into large rental and government fleets increased compared to the previous year, with rental having a particularly strong month. Commercial sales decreased year over year but were up month over month. An analysis of Bobit’s data by…
ATLANTA, Jan. 3, 2024 – For the U.S. auto market, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. Powered by the best data and keenest insights, Cox Automotive developed five themes that…
Join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team for Cox Automotive Industry Insights 2024, a special webcast recapping 2023 and providing a 2024 outlook. Monday, Jan. 8 11 a.m. EST. This 60-minute session…
