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AUTO MARKET SNAPSHOT

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Last update 11/18/2022
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.
Repair Order Revenue Index: October
down 128.8
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 11/18/2022
Repair Order Volume Index: October
up 87.5
Monthly measure of the number of repair orders performed by a franchised dealer service department.
Source: Xtime
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Last update 11/18/2022
Used Sales: October
down 2.8M
Total monthly volume of used light vehicles sold in the U.S.
Source: Cox Automotive
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Last update 11/15/2022
CPO Sales: October
up 207,547
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 11/11/2022
Fleet Sales: October
up 148,721
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 11/04/2022
New Sales: October
up 1.11M
Total monthly volume of new light vehicles sold in the U.S.
Source: Cox Automotive
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Last update 10/25/2022
Forecasts: Full Year
down 13.7M
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 09/28/2022
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-November
up 200.7
Monthly measure of wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis).
Source: Manheim
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Last update 11/17/2022
Average Used Listing Price: October
down $27,564
The average price of all used vehicle digital listings.
Source: vAuto Available Inventory
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Last update 11/17/2022
Average New Listing Price: October
up $46,317
The average price of all new-vehicle digital listings.
Source: vAuto Available Inventory
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Last update 11/16/2022
Vehicle Affordability Index: October
up 42.8
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 11/15/2022
Credit Availability Index: October
up 103.9
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 11/10/2022
Average Transaction Price: October
up $48,281
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 11/09/2022
INVENTORY
An industry view of available new- and used-vehicle inventory in number of units and days’ supply.
Used-Vehicle Days’ Supply: October
up 51
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 11/17/2022
Used-Vehicle Inventory: October
2.44M
The number of used vehicles available for sale.
Source: vAuto Available Inventory
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Last update 11/17/2022
New-Vehicle Days’ Supply: October
up 59
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 11/16/2022
New-Vehicle Inventory: October
up 1.56M
The number of new vehicles available for sale.
Source: vAuto Available Inventory
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Last update 11/16/2022
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
0 %
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 Days
Used supply changed slightly last week. Retail used supply remained steady at 44 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

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

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

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

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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