- 2017 was another good year for the industry. Economic conditions improved throughout the year, and with them came higher used-car sales and new-car sales only slightly below recent record levels.
- We expect used-car sales to climb even higher in 2018 and new-car sales to experience another minor dip from their soaring heights. It should be another good period for this fast-growing and fast-changing industry.
- However, headwinds are strengthening. Technological advancements and consumer expectations are evolving rapidly, and we’re all trying to stay ahead of a change curve that is getting steeper every year – in the automotive industry and well beyond.
Welcome to the 2018 Cox Automotive Used Car Market Report & Outlook. What used to be the Manheim Used Car Market Report has been reinvented and expanded, but we’ve maintained a decades-long tradition of packing these pages with salient data, smart insights and keen observations about the used car industry with an eye toward 2018 and beyond.
We’ve put our best thinking in one place to help our partners make sense of the trend lines and headlines that will shape the market in 2018. Our crystal ball is no clearer than anyone else’s in this time of rapid and abrupt change. But the collection of insights in this book is based on our reams of data, years of experience, and millions of touch points with dealers, lenders, manufacturers, consignors and consumers. We hope this report helps you navigate 2018 and the years that follow.
2018 Used Car Market Report & Outlook
Now in its 23rd year, the annual report (formerly the Manheim Used Car Market Report) includes data, insights, observations, and perspectives from across Cox Automotive.Download