Insights

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.3% from November in the first 15 days of December. The midmonth Manheim Used Vehicle Value Index rose to 205.5, which was down 6.3% from the full month of December 2022. The seasonal adjustment largely drove the increase. The non-adjusted price change in …

The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format. In Episode 17, Cox Automotive Manager of Economic and Industry Insights Mirlene Jean-Simon is joined by Rebecca Rydzewski, research manager, …

Certified pre-owned (CPO) sales reached 205,863 in November, up 3.8% year over year, with an increase of 7,550 units from November 2022. However, this represents a slight month-over-month decrease, as CPO sales were down by over 1,300 units, or 0.6%. “Some wind has come out of the sails this quarter compared to sales between April …

Inflation changed little in November but was consistent with expectations. Headline inflation declined with the second-lowest reading since March 2021. Only June was lower. Retail sales declined in November but were stronger than expected, with consumer spending having the strongest year-over-year performance since February. Access to auto credit declined in November as credit tightened across …

Used-vehicle inventory volume at the start of December, at 2.36 million units, was higher by 2.4% than in early November. Still, days’ supply fell month over month, indicating used-vehicle sales growth outpaced inventory growth last month, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.36M Total UnsoldUsed Vehiclesas of Dec. 4, 2023 …

A decade from now, when we look back at the years immediately following the global COVID pandemic of 2020, we’ll be awed by the dramatic swings and unprecedented circumstances the economy and auto market endured. To name a few, we saw historic appreciation in vehicle values, unimagined drops in supply, and interest rates moving from …

New-vehicle affordability improved slightly month over month and was again better year over year, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “Trends in new-vehicle affordability factors mainly moved in favor of consumers in November to the best level of affordability in more than two years,” said Cox Automotive Chief Economist Jonathan Smoke. “Income …

December opened with new-vehicle inventory at the highest level since early spring of 2021, according to Cox Automotive’s analysis of vAuto Available Inventory data. Supply surpassed 2.5 million units and 71 days’ supply for the first time in two years. 2.56M Total Inventoryas of Dec. 6, 2023 71 Days’ Supply $47,456 Average Listing Price Mounting …

As expected, the Fed left interest rates and overall monetary policy unchanged today. We have now had three straight meetings with no change in rate policy. The biggest changes from the Fed are in words and forecasts. Financial markets have changed perspective quite a bit since the last Fed meeting. Bond yields and real consumer …

ATLANTA, Dec. 11, 2023 – The U.S. new-vehicle average transaction price in November 2023 was $48,247, an increase of less than 1% month over month and down year over year by 1.5%, according to data released today from Kelley Blue Book, a Cox Automotive company. November marks the third consecutive month that new-vehicle transaction prices were …