Despite UAW strikes at several plants throughout the month, new-vehicle inventory at the start of November was even higher than in early October, according to Cox Automotive’s analysis of vAuto Available Inventory data. The UAW and Detroit automakers have reached…
With the computer chip shortage easing since last year, American Honda Motor saw improved production and higher inventory. Better product availability has led to substantially higher U.S. sales of late and should help boost Honda Motor’s overall revenue when quarterly…
To echo remarks by Nissan’s U.S. sales chief regarding recent quarterly vehicle sales, what a difference inventory makes. Indeed, having much-improved inventory after last year’s computer chip shortage resulted in substantial sales increases for Nissan and Infiniti in the U.S.…
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…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 2.3% in October from September. The Manheim Used Vehicle Value Index (MUVVI) dropped to 209.4, down 4.0% from a year ago. “October revealed some not-so-spooky price moves, namely…
In October, sales into large rental, commercial, and government fleets declined compared to the previous year. An analysis of Bobit’s data by Cox Automotive revealed that there was a 10.4% drop in sales to large fleets (excluding dealer and manufacturer…
Job growth in October slowed and was weaker than expected. Prior job numbers were revised down, and the unemployment rate increased to the highest level since the beginning of 2022 while wage inflation moderated slightly. The labor market is showing…
As expected, the Fed left interest rates unchanged today, at least as it relates to official short-term rate policy. We have now had two meetings with no change in rate policy, yet rates keep rising. The Fed is getting more…
As we navigate the fourth quarter, risks remain across the auto industry caused by the fallout from the United Auto Workers strike, a possible economic slowdown, and political uncertainty that’s putting downward pressure on consumer sentiment. In times like these,…
Toyota reported improved U.S. sales in the latest quarter, with most models showing gains despite having among the lowest inventory levels in the industry. In Japan, Toyota Motor Corp. posts financial results Oct. 31 for the July-to-September quarter, the automaker’s…
