ATLANTA (April 7, 2023) – According to data assembled by Cox Automotive, the world’s largest automotive services and technology provider, the market for used electric vehicles (EVs) in the U.S. is beginning to accelerate rapidly as more used EVs become…
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 1.5% in March from February. The Manheim Used Vehicle Value Index (MUVVI) rose to 238.1, down 2.4% from a year ago. March’s increase was moderated by the seasonal…
Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 27.7% year over year in March to 225,200 units, according to an early estimate from Cox Automotive. Combined sales into large rental, commercial, and government fleets have…
Fourth quarter real GDP growth was revised down slightly with less strength in consumer spending, according to the third estimate released by the Bureau of Economic Analysis (BEA) on March 30. Consumer income growth and spending growth both decelerated in…
CNBC, March 26, 2023 – Over 300 million electric vehicles are expected to be on the world’s roads by 2030, according to the International Energy Agency. By 2050, the National Renewable Energy Laboratory expects the demand for graphite, lithium and…
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…
A replay of the Q1 2023 Cox Automotive Industry Insights and Sales Forecast Call held on Monday, March 27, is available below. Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough and Chris Frey, senior manager of economic and industry insights, presented how…
Updated, April 3, 2023 – As the Cox Automotive Industry Insights team expected, new-vehicle sales in Q1 delivered solid year-over-year gains. Higher inventory levels and improved fleet sales combined to lift overall industry results. Honda and Nissan delivered stronger-than-expected vehicle…
The Q1 2023 Cox Automotive Industry Insights and Sales Forecast Call was held today, March 27, at 11 a.m. EDT. The presentation is available for download. An event replay was published on Tuesday, March 28. Chief Economist Jonathan Smoke, Senior Economist…
The Federal Reserve increased the Fed Funds Rate by a quarter point despite the still-evolving banking crisis. Even before the Fed’s move, auto credit access tightened in March due to the banking situation. Interest rates are going higher because of…
