Harness the power of connected data for game-changing results

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 05/25/2023

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: May

1.35M

Forecast for total monthly volume of new light vehicles sold in the U.S.

Source: Cox Automotive

Last update 05/25/2023

Repair Order Volume Index: April

82.0

Monthly measure of the number of repair orders performed by a franchised dealer service department.

Source: Xtime

Last update 05/22/2023

Repair Order Revenue Index: April

133.5

Monthly measure of the average revenue from each repair order performed by a franchised dealer service department.

Source: Xtime

Last update 05/22/2023

CPO Sales: April

214,684

Total monthly volume of used vehicles sold as certified pre-owned in the U.S.

Source: Cox Automotive analysis of Motor Intelligence data

Last update 05/16/2023

Used Sales: April

3.1M

Total monthly volume of used light vehicles sold in the U.S.

Source: Cox Automotive

Last update 05/15/2023

Fleet Sales: April

214,362

Total monthly volume of light vehicles sold into fleet in the U.S.

Source: Cox Automotive analysis of Bobit data

Last update 05/05/2023

Forecasts: Full Year

14.2M

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

Last update 03/27/2023

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-May

225.9

Monthly measure of wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis).

Source: Manheim

Last update 05/17/2023

Vehicle Affordability Index: April

42.9

A monthly measure of the number of median weeks of income needed to purchase a new vehicle.

Source: Cox Automotive/Moody's Analytics

Last update 05/15/2023

Average Used Listing Price: April

$26,799

The average price of all used vehicle digital listings.

Source: vAuto Available Inventory

Last update 05/12/2023

Average New Listing Price: April

$47,409

The average price of all new-vehicle digital listings.

Source: vAuto Available Inventory

Last update 05/11/2023

New Auto Loan Rate: April

8.85%

The volume-weighted average new auto loan rate on Dealertrack.

Source: Dealertrack

Last update 05/10/2023

Used Auto Loan Rate: April

13.55%

The volume-weighted average used auto loan rate on Dealertrack.

Source: Dealertrack

Last update 05/10/2023

Credit Availability Index: April

96.8

A monthly index based on Dealertrack credit application data that indicates whether access to auto loan credit is improving or worsening.

Source: Dealertrack

Last update 05/10/2023

Average New Transaction Price: April

$48,275

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

Last update 05/09/2023

INVENTORY

An industry view of available new- and used-vehicle inventory in number of units and days’ supply.

Used-Vehicle Days’ Supply: April

Cox Automotive days’ supply based on the daily sales rate for the most recent 30-day period.

Source: vAuto Available Inventory

Last update 05/12/2023

Used-Vehicle Inventory: April

2.11M

The number of used vehicles available for sale.

Source: vAuto Available Inventory

Last update 05/12/2023

New-Vehicle Days’ Supply: April

Cox Automotive days’ supply based on the daily sales rate for the most recent 30-day period.

Source: vAuto Available Inventory

Last update 05/11/2023

New-Vehicle Inventory: April

1.90M

The number of new vehicles available for sale.

Source: vAuto Available Inventory

Last update 05/11/2023

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The Power of Cox Automotive