Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 37.2% year over year in May to 228,342 units, according to an early estimate from Cox Automotive. “May fleet sales had another strong month of gains over…
At the start of June, the outlook appears to be improving with the passage of the increase in the debt ceiling and a strong jobs report for May. The May employment report represented a resilient labor market with accelerating job…
Growing income and spending data indicate that the consumer is alive and well, and inflation is still a factor that could lead to further Fed rate increases. First-quarter economic growth was revised upward but still reflected a slowing economy in…
Updated, June 2, 2023 – Initial estimates of new-vehicle sales in May indeed suggest that year-over-year volume growth was even stronger than our forecast of 20.3%. New-vehicle inventory was at a two-year high heading into the month, and some automakers…
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…
Despite the massive attention on electric vehicles and new tax credits for them, hybrid vehicles continue to be more popular among vehicle shoppers, according to the Kelley Blue Book Brand Watch™ report for the first quarter of 2023. The Kelley…
A recent analysis by Cox Automotive of Xtime metrics revealed that service activity and revenue at franchised dealerships in the U.S. decreased in April compared to the previous month. However, the Repair Order Revenue Index has increased compared to last…
Retail sales increased slightly in April from March but were down from a year ago. Half of the major categories are down year-to-year. New residential construction trends were mixed in April, but building permits now exceed starts, and the activity…
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…
Almost three-quarters of luxury vehicle shoppers considered an SUV in the first quarter, according to the Kelley Blue Book Brand Watch™ report for the first quarter of 2023. The new high came at the expense of luxury cars, for which…
