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 GDP growth in the fourth quarter of 2023 was revised down slightly to 3.2%, which … Continued
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 so far this year are not showing any substantial change in trend, reflecting limited stress … Continued
Updated, March 4, 2024 – As forecast by the Cox Automotive team, new-vehicle sales in the U.S. picked up in February, as warmer weather and increasing consumer sentiment as measured by Morning Consult combined to help sales improve notably from the January slowdown. Total new-vehicle sales in February are now estimated at 1.25 million, above our … Continued
According to estimates based on vAuto Live Market View data, retail used-vehicle sales in January increased from December but were down by 3.1% compared to January 2023. A total of 1,354,075 used vehicles were sold at retail – from both franchised and independent dealers – during January, up 4.7% from December and the highest volume since … Continued
ATLANTA, Feb. 22, 2024 – One year after joining Cox Automotive, FleetNet America will share how it’s evolving the maintenance experience for fleets at this year’s Technology & Maintenance Council Meeting in New Orleans from March 4-7, 2024. FleetNet is proud to offer the nation’s largest network of vetted service providers and industry-leading 24/7/365 customer … Continued
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 of the data available from Cox Automotive. This month’s video highlights the midmonth Manheim Used Vehicle … Continued
According to a recent analysis of Xtime metrics by Cox Automotive, service activity at franchised dealerships in the U.S. increased in January compared to December. The Repair Order Volume Index fell compared to January 2023, while the Repair Order Revenue Index remained higher year over year. The monthly Xtime volume and revenue metrics are designed … Continued
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 insights. Download this week’s presentation
ATLANTA, Feb. 19, 2024 – Fleet Services by Cox Automotive is ready to showcase its leadership and expanded reach of on-site mobile service, emergency mobile service, shop and trailer sales across the nation at this year’s Technology & Maintenance Council Meeting in New Orleans from March 4-7. In 2024, the company is better equipped than … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.9% from January in the first 15 days of February. The midmonth Manheim Used Vehicle Value Index dropped to 202.1, which was down 13.8% from the full month of February 2023. The seasonal adjustment added to the decline. The non-adjusted price change in … Continued