Year-over-year inflation declined again in April, in line with expectations. Consumers are increasingly tapping credit cards. Auto loan performance improved in April from the seasonal impact of households receiving tax refunds. Even so, loan performance remains worse than a year ago. Auto credit access declined in April across all auto sales channels and all lender … Continued
ATLANTA, May 15, 2023 – According to consumer research from Cox Automotive, automakers may face challenges if they expect to generate significant revenue from subscription-type features, also known as Features on Demand (FoD). In a new study titled “Software Monetization: The Emergence of Vehicle Features on Demand,” the Cox Automotive Research and Market Intelligence … Continued
CarDealershipGuy Podcast, May 12, 2023 — Cox Automotive Chief Economist Jonathan Smoke joins CarDealershipGuy for a wide-ranging discussion on the automotive industry covering inventory, pricing and how the pandemic has permanently transformed the industry and more. Here’s the rundown:
The inventory of used vehicles edged higher at the end of April compared to March as the spring selling came to a close and sales slowed. However, supply remains below year-ago levels, according to the Cox Automotive analysis of vAuto Available Inventory data, and days of supply have slipped. Meanwhile, the average listing price climbed … Continued
This year has been a whirlwind of economic headlines. First, it’s been the Fed and the ongoing will-they-or-won’t-they debate on interest rates. Last week came some clarity, an expected pause, but that clarity arrived as the debt-ceiling debate shifted into high gear. Now the worry is the U.S. government defaulting on its debt and spinning … Continued
Updated, June 15, 2023 – New-vehicle inventory closed April up from a month earlier to its highest level in two years, supporting surprisingly brisk sales, according to Cox Automotive’s analysis of vAuto Available Inventory data. Meanwhile, days of supply dipped on higher sales. The average listing price of a new vehicle returned to above $47,000 … Continued
Access to auto credit tightened in April, according to the Dealertrack Credit Availability Index for all types of auto loans. Following varied moves in vehicle channels and by lender in March, credit access tightened across all channels and all lender types in April. The All-Loans Index declined 1.5% to 96.8 in April, the lowest reading … Continued
ATLANTA, May 9, 2023 – The average price Americans paid for a new vehicle in April remained below the manufacturer’s suggested retail price (MSRP) for the second consecutive month, according to data released today by Kelley Blue Book, a Cox Automotive company. The average transaction price (ATP) of a new vehicle in the U.S. remained … 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
The most recent quarter was an eventful one for Nissan Motor Corp., as it altered its alliance with French automaker Renault and began charting a new direction. Nissan Motor Corporation, the third-largest automaker in Japan, reports financial results on Thursday, May 11, for the January-March period, Nissan’s fourth quarter of its fiscal year 2022, which … Continued