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…
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…
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…
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…
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,…
Honda Motor Company has struggled with chip shortages and COVID outbreaks that have hampered production. In February, the Japanese automaker said the chip shortage was bottoming out but would probably drag on through the second half of this year. Financial…
Cox Automotive released today new consumer research that suggests automakers may face challenges if they expect to generate significant revenue from subscription-type features, also known as Features on Demand (FoD). The Research & Market Intelligence team at Cox Automotive understands…
Toyota Motor Corporation posts financial results for the January-to-March quarter on Wednesday, May 10, the automaker’s fourth quarter of its 2022 fiscal year. Like its Asian competitors, Toyota Motor North America has had one of the lowest inventory levels in…
The latest employment report represented strong and improving labor market conditions, which was unexpected. Job growth in April accelerated, the unemployment rate declined, and wage growth accelerated. All major industry sectors added jobs in April, but services represented most of…
Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 38.6% year over year in April to 214,362 units, according to an early estimate from Cox Automotive. Combined sales into large rental, commercial, and government fleets have…
