Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 2.5% in January compared to December. The Manheim Used Vehicle Value Index (MUVVI) rose to 224.8, down 12.8% from a year ago. January’s increase was driven in part…
Shopping consideration for GMC vehicles hit an all-time high in the fourth quarter as pickup trucks showed strength, according to the most recent Kelley Blue Book Brand Watch report on non-luxury vehicle shopping. The Kelley Blue Book Brand Watch™ report…
Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 58% year over year in January to 154,379 units, according to an early estimate from Cox Automotive. The large year-over-year gain was amplified by historic low fleet…
The light new-vehicle sales pace increased in January to 15.7 million, with strength coming from fleet sales. New-vehicle prices declined slightly, and incentives increased. The headline unemployment rate declined to 3.4% from 3.5% in January. This is a 54-year low…
The Fed raised the target for the Federal Funds Rate by a quarter percentage point today, as expected, which was the smallest increase since the first of seven increases in 2022. Last year’s increases resulted in the largest sustained one-way…
Honda Motor Company reported lower combined Honda and Acura U.S. sales in December, marking 17 straight months of decline. Sales for Honda’s third quarter of fiscal year 2023 – the October-December quarter – also dropped, making it the sixth consecutive quarter of declines. For the…
Driven in part by strength from its electric vehicles, Ford Motor Co. could deliver better-than-expected financial results for the final quarter of 2022 when it reports them on Thursday, Feb. 2, Wall Street analysts say. Ford is forecasted to be…
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…
ATLANTA, Jan. 30, 2023 – Cox Automotive presented its annual Barbara Cox Woman of the Year Award to Beth Beans Gilbert, vice president at Fred Beans Automotive Group, headquartered in Doylestown, Pa. Fred Beans Automotive Group is one of the largest, privately…
Automotive News Daily Drive Podcast, Jan. 30, 2023 – Cox Automotive Chief Economist Jonathan Smoke joins Jamie Butters, executive editor at Automotive News, for an episode of the Daily Drive podcast. On this episode, Butters and Smoke discuss the economic headwinds…
