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Cox Automotive is closely monitoring the restoration of CDKs services, for more details/updates, click here

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AUTO MARKET SNAPSHOT

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Last update 07/12/2024
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.
CPO Sales: June
down 208,699
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 07/12/2024
New Sales: June
down 1.32M
Forecast for total monthly volume of new light vehicles sold in the U.S.
Source: Cox Automotive
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Last update 07/03/2024
Fleet Sales: June
down 198,693
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 07/03/2024
Repair Order Revenue Index: May
down 140.7
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 06/20/2024
Repair Order Volume Index: May
up 87.2
Monthly measure of the number of repair orders performed by a franchised dealer service department.
Source: Xtime
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Last update 06/20/2024
Used Retail Sales: May
up 1.62M
Total monthly volume of used light vehicles sold in the U.S.
Source: vAuto Live Market View
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Last update 06/14/2024
Forecasts: Full Year
up 15.7M
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 03/25/2024
PRICING
An industry view of new, used and wholesale vehicle pricing as well as measures of credit availability and vehicle affordability.
New Auto Loan Rate: June
up 9.89%
The volume-weighted average new auto loan rate on Dealertrack.
Source: Dealertrack
Last update 07/11/2024
Used Auto Loan Rate: June
up 14.15%
The volume-weighted average used auto loan rate on Dealertrack.
Source: Dealertrack
Last update 07/11/2024
Average New Transaction Price: June
down $48,644
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 07/10/2024
Credit Availability Index: June
down 94.3
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 07/10/2024
Used-Vehicle Value Index: June
down 196.1
Monthly measure of wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis).
Source: Manheim
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Last update 07/09/2024
Vehicle Affordability Index: May
down 37.1
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 06/17/2024
Average Used Listing Price: May
up $25,670
The average price of all used vehicle digital listings.
Source: vAuto Available Inventory
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Last update 06/14/2024
Average New Listing Price: May
down $47,455
The average price of all new-vehicle digital listings.
Source: vAuto Available Inventory
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Last update 06/13/2024
INVENTORY
An industry view of available new- and used-vehicle inventory in number of units and days’ supply.
Used-Vehicle Days’ Supply: May
down 45
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 06/14/2024
Used-Vehicle Inventory: May
down 2.26M
The number of used vehicles available for sale.
Source: vAuto Available Inventory
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Last update 06/14/2024
New-Vehicle Days’ Supply: May
down 74
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 06/13/2024
New-Vehicle Inventory: May
up 2.89M
The number of new vehicles available for sale.
Source: vAuto Available Inventory
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Last update 06/13/2024
June 22, 2021

We’re continuing to see progress, with most of the recovery happening at a local level as more and more markets open up and see sales pick up. Top trends remain the pandemic, employment and consumer sentiment.

ECONOMIC IMPACT LEADING INDICATORS

0 % New
0 % Used
Wholesale used vehicle values were seasonally strong in October, increasing 0.5% on a seasonally adjusted basis. Unadjusted they fell 1.9%. Inventory and Supply
0 %
Used supply changed slightly last week. Retail used supply remained steady at 44 days.
0 Days
Vehicle Sales Recovery
Pricing and valuation
Inventory and supply
credit apps

brand leading indicators

Kbbaa 01
Leads Traffic (YoY)
+ 0 %
+ 0 %
Logo dealer dot com
Vehicle Form Submissions
Car icon arrowup

DEALER.COM CONTINUES TO SEE BOTH NEW AND USED VEHICLE FORM SUBMISSIONS OUTPERFORM

NEW AND USED VEHICLE FORM SUBMISSIONS
↑+ 0
Logo dealer track
Credit Apps (YoY)
Unique credit applications on same-store basis were unchanged from the prior week.
- 100 %

Unique credit applications on same-store basis,
slightly up y/y last week

Logo xtime
Service Appointments (WoW)
-15% decrease y/y last week in consumers cars serviced, which was ua slight improvement from the prior week.
- 100 %

bi-weekly update

Jonathan Smoke, Cox Automotive’s chief economist, examines the nationwide impact on U.S. auto sales in this bi-weekly update.

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