Market Insights – Cox Automotive Inc.

No, Used-Vehicle Values Are Not Going to Crash 01/11/2022 Our team held the quarterly Manheim Used Vehicle Value Index call last week. We reviewed the used-vehicle market performance through the final quarter of 2021 and provided our forward-looking view of the market into 2022. A key topic in the discussion, of course, was the elephant in the room: Has the recent run-up of used-vehicle prices set the market up for a crash in 2022? There… Read Article

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Used-Vehicle Inventory Edges Higher; Average List Price Surpasses $27,000 12/16/2021 Used-vehicle inventory inched slightly higher in November as the average listing price climbed past $27,000 for the first time, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.31M Total UnsoldUsed Vehiclesend of November 44 Days' Supply $27,569 Average Listing Price 68,482 Average Mileage The total supply of unsold used vehicles on dealer lots across the U.S. edged higher to 2.31 million units at… Read Article

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Used-Vehicle Inventory Edges Lower; Average Price Just Shy of $27,000 11/22/2021 Revised, Dec. 16, 2021 – Used-vehicle inventory edged slightly lower in October as the average listing price kept climbing, now just shy of $27,000, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.25M Total UnsoldUsed Vehiclesend of October 41 Days' Supply $26,976 Average Listing Price 68,193 Average Mileage The total supply of unsold used vehicles on dealer lots across the U.S. fell to 2.25… Read Article

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Notes From The Q3 2021 Manheim Used Vehicle Value Index Report 10/22/2021 During the Q3 2021 Manheim Used Vehicle Value Index call held earlier this month, we covered a significant amount of material. The Q&A session was robust, which we appreciate, and we ran out of time due to the volume of questions. While reviewing the remaining questions, we noticed that most fell into four major categories: weakening sales, pricing, off-lease volumes and certified pre-owned. After some collaboration… Read Article

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Used-Vehicle Inventory Improves; Prices Approaching $27,000 10/21/2021 Revised, Nov. 22, 2021 – Used-vehicle inventory improved modestly in September as the average listing price kept climbing, now approaching nearly $27,000, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.28M Total UnsoldUsed Vehiclesend of September 42 Days' Supply $26,548 Average Listing Price 67,384 Average Mileage The total supply of unsold used vehicles on dealer lots across the U.S. edged higher to 2.28… Read Article

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Still Tight Used-Vehicle Inventory Pushes Prices Higher 09/21/2021 Revised Oct. 21, 2021 –The average listing price for used vehicles set another record in August as vehicle inventory dipped, according to the Cox Automotive analysis of vAuto Available Inventory data. Though available supply fell, days’ supply held steady throughout August because sales slowed. 2.27M Total UnsoldUsed Vehiclesend of August 38 Days' Supply $25,890 Average Listing Price 67,811 Average Mileage “The lack of supply in the… Read Article

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Used-Vehicle Listing Price Sets New Record at $25,500, Inventory Remains Tight 08/18/2021 The average listing price for used vehicles set another record in July as vehicle inventory remained tight, according to the Cox Automotive analysis of vAuto Available Inventory data. The days’ supply of vehicles inched higher, but only because sales slowed. 2.40M Total UnsoldUsed Vehiclesend of July 41 Days' Supply $25,498 Average Listing Price 68,455 Average Mileage Topline data revised September 21. Story content has not changed.… Read Article

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Used-Vehicle Average Listing Price Sets Record; Jumps Above $25,000 07/22/2021 Used-vehicle prices set another record at the end of June, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.40M Total UnsoldUsed Vehiclesend of June 40 Days' Supply $25,093 Average Listing Price 68,700 Average Mileage Topline data revised August 18. Story content has not changed. The average listing price for used vehicles surpassed the $25,000 mark for the first time – $25,101 to be… Read Article

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With Older, High-Mileage Used Vehicles In Short Supply, List Prices Vault Into Record Territory 06/24/2021 The headline for June is hard to miss: Used-Vehicle List Prices Hit an All-Time High. The record, however, was mostly expected, as used-vehicle values at the wholesale level were climbing relentlessly through the spring and, ultimately, drove higher retail prices. The price jump this spring was created by a number of factors, including government stimulus putting more money into circulation. Demand has been healthy, inventories tight, and dealers… Read Article

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June Opens with Higher Used-Vehicle Supply – And Record-High Prices 06/23/2021 Used-vehicle inventory levels moderated through May as the spring sales bounce subsided, according to a Cox Automotive analysis of vAuto Available Inventory data. However, used-vehicle prices did not follow suit and instead set new record highs for the start of June. 2.38M Total UnsoldUsed Vehiclesend of May 38 Days' Supply $24,414 Average Listing Price 67,458 Average Mileage The average listing price soared to $24,414 at the… Read Article

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