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The Power of Cox Automotive

Harness the power of connected data

for game-changing results

Intelligently Powering the Future of Automotive Through Connected Data

With an ecosystem under stress and daily market conditions in flux, it’s more important than ever to have accurate and timely information. Our data and technology serve as the backbone of our ability to successfully service the entire ecosystem of vehicle buyers, sellers, owners, and users. And the evolution of our connected intelligence capability ensures that Cox Automotive continues to relentlessly leverage the full breadth of our data assets, our technology and our talent for the tremendous benefit of our clients.

Introducing DRiVEQ, our world-class intelligence engine that enables more connected data and real-time insights than anywhere else with a level of accuracy that’s invaluable to meeting your business goals.

bi-weekly update

Jonathan Smoke, Cox Automotive’s chief economist, examines the nationwide impact on U.S. auto sales.

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AUTO MARKET SNAPSHOT

Powered By DRiVEQ

Last update 09/26/2023
Arrow direction indicates change from previous update.
SALES & SERVICE
Light vehicle sales in the U.S., including full-year forecasts. Plus, repair order volume and revenue at franchised dealer service departments.
New Sales: September
down 1.3M
Forecast for total monthly volume of new light vehicles sold in the U.S.
Source: Cox Automotive
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Last update 09/26/2023
Forecasts: Full Year
up 15.3M
Full-year forecasts for light new- and used-vehicles, fleet and CPO sales, leasing volume and penetration and Manheim Used Vehicle Value Index.
Source: Cox Automotive
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Last update 09/26/2023
CPO Sales: August
up 243,132
Total monthly volume of used vehicles sold as certified pre-owned in the U.S.
Source: Cox Automotive analysis of Motor Intelligence data
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Last update 09/20/2023
Repair Order Volume Index: August
up 91.5
Monthly measure of the number of repair orders performed by a franchised dealer service department.
Source: Xtime
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Last update 09/20/2023
Repair Order Revenue Index: August
up 134.9
Monthly measure of the average revenue from each repair order performed by a franchised dealer service department.
Source: Xtime
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Last update 09/20/2023
Used Sales: August
down 3.0M
Total monthly volume of used light vehicles sold in the U.S.
Source: Cox Automotive
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Last update 09/18/2023
Fleet Sales: August
up 172,075
Total monthly volume of light vehicles sold into fleet in the U.S.
Source: Cox Automotive analysis of Bobit data
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Last update 09/06/2023
PRICING
An industry view of new, used and wholesale vehicle pricing as well as measures of credit availability and vehicle affordability.
Used-Vehicle Value Index: Mid-September
up 215.4
Monthly measure of wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis).
Source: Manheim
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Last update 09/19/2023
Vehicle Affordability Index: August
down 42.1
A monthly measure of the number of median weeks of income needed to purchase a new vehicle.
Source: Cox Automotive/Moody's Analytics
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Last update 09/15/2023
New Auto Loan Rate: August
up 9.48%
The volume-weighted average new auto loan rate on Dealertrack.
Source: Dealertrack
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Last update 09/12/2023
Used Auto Loan Rate: August
up 13.79%
The volume-weighted average used auto loan rate on Dealertrack.
Source: Dealertrack
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Last update 09/12/2023
Average New Transaction Price: August
up $48,451
The estimated negotiated price for a new light vehicle in the U.S. excluding incentives, trade-in, taxes, fees or F&I.
Source: Kelley Blue Book
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Last update 09/12/2023
Credit Availability Index: August
up 99.1
A monthly index based on Dealertrack credit application data that indicates whether access to auto loan credit is improving or worsening.
Source: Dealertrack
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Last update 09/11/2023
Average Used Listing Price: August
down $26,651
The average price of all used vehicle digital listings.
Source: vAuto Available Inventory
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Last update 09/08/2023
Average New Listing Price: August
up $47,417
The average price of all new-vehicle digital listings.
Source: vAuto Available Inventory
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Last update 09/07/2023
INVENTORY
An industry view of available new- and used-vehicle inventory in number of units and days’ supply.
Used-Vehicle Inventory: August
2.25M
The number of used vehicles available for sale.
Source: vAuto Available Inventory
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Last update 09/08/2023
Used-Vehicle Days’ Supply: August
down 44
Cox Automotive days’ supply based on the daily sales rate for the most recent 30-day period.
Source: vAuto Available Inventory
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Last update 09/08/2023
New-Vehicle Inventory: August
up 2.06M
The number of new vehicles available for sale.
Source: vAuto Available Inventory
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Last update 09/07/2023
New-Vehicle Days’ Supply: August
up 58
Cox Automotive days’ supply based on the daily sales rate for the most recent 30-day period.
Source: vAuto Available Inventory
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Last update 09/07/2023
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