New-vehicle affordability declined again in October with auto loan rates reaching a 20-year high as prices increased slightly, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. The number of median weeks of income needed to purchase the average new…
Financial markets shifted to the positive last week, with weaker-than-expected inflation data pointing to an eventual end to rate increases. However, the Fed will likely raise rates by 50 basis points (BPs) in December as planned unless something more dramatic…
The Inflation Reduction Act (IRA) of 2022 is a far-reaching collection of legislation that was signed into law by President Biden on August 16, 2022. The IRA will impact everything from health care to drug prices, from manufacturing to corporate…
Certified pre-owned (CPO) sales in October rose 2.5%, just over 5,000 units, from September to finish at 207,547. This total is down over 9,000 units from last October. Year to date, CPO sales are down over 335,000 units, or 14.1%, and…
Of all new-vehicle shoppers in the third quarter, 27% considered an electrified vehicle, which includes full electric vehicles (EVs), hybrids and fuel-cell vehicles, according to research from Kelley Blue Book. That is the same percentage as in the second quarter…
Access to auto credit expanded slightly for the second consecutive month in October, according to the Dealertrack Credit Availability Index for all types of auto loans. The All-Loans Index increased 0.2% to 103.9 in October, reflecting that auto credit was…
ATLANTA, Nov. 9, 2022 – The average price paid for a new vehicle in the United States in October 2022 was up from September and remains above the $48,000 mark, according to data released today by Kelley Blue Book, a…
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…
Shopping for Tesla plummeted in the third quarter, losing more consideration than any other luxury brand, according to the Kelley Blue Book Brand Watch™ report for luxury vehicles. BMW widened its lead as the most-shopped luxury brand. The Kelley Blue…
Few brands have been squeezed more on supply because of the global chip shortage than Honda, and it has been most hurt on sales. Honda reported lower U.S. sales in September, marking 14 straight months of decline; the last time…
