Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 0.8% in December from November. The Manheim Used Vehicle Value Index (MUVVI) rose to 219.3, down 14.9% from a year ago. This was the largest annualized decline in…
Job growth in December slowed, the unemployment rate fell, and wage growth decelerated. Continuing jobless claims increased from historical lows, but there is little evidence of major deterioration in the jobless claims data. Moreover, relative to the job base, jobless…
Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 3.0% month over month in December to 165,809 units, according to an early estimate from Cox Automotive. Combined sales into large rental, commercial, and government fleets were…
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…
Major economic indicators were negative to close out 2022. Consumer spending growth slowed substantially in November, with spending on motor vehicles and parts down in November after an October increase. Personal income growth also slowed. The massive rise in mortgage…
Updated, Jan. 4, 2023 – While sales in December likely came in slightly higher than the initial Cox Automotive forecast, and above year-ago levels, the bottom-line result will hardly be cheered as a success. In fact, December sales continue to…
In today’s market, the deterioration of consumer credit, and auto loan performance, in particular, is a worrying sign for industry watchers. In the context of high inflation and with the Fed intent on slowing the economy and weakening the labor…
Welcome to the monthly Manheim Market Insights update. This month, Mark Schirmer. director of Corporate Communications at Cox Automotive, is filling in for Kevin Chartier, vice president of Manheim Market Insights, who is retiring from Manheim. In January, Jeremy Robb,…
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…
My daughter and I love staring contests. Our rules are the same as everyone’s—whoever blinks first loses. Lately, I’ve sensed a similar staring contest emerging in the new car business between consumers, dealers, and automakers. The question is who will…
