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AUTO MARKET SNAPSHOT

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Last update 06/28/2022
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.
New Sales: June
up 1.2M
Total monthly volume of new light vehicles sold in the U.S.
Source: Cox Automotive
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Last update 06/28/2022
Forecasts: Full Year
down 14.4M
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 06/28/2022
Repair Order Revenue Index: May
up 126.8
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 06/20/2022
Repair Order Volume Index: May
down 86.9
Monthly measure of the number of repair orders performed by a franchised dealer service department.
Source: Xtime
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Last update 06/20/2022
Used Sales: May
down 3.2M
Total monthly volume of used light vehicles sold in the U.S.
Source: Cox Automotive
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Last update 06/14/2022
CPO Sales: May
down 208,423
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 06/10/2022
Fleet Sales: May
down 141,047
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 06/06/2022
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-June
up 222.7
Monthly measure of wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis).
Source: Manheim
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Last update 06/17/2022
Average Used Listing Price: May
down $28,312
The average price of all used vehicle digital listings.
Source: vAuto Available Inventory
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Last update 06/16/2022
Average New Listing Price: May
up $45,495
The average price of all new-vehicle digital listings.
Source: vAuto Available Inventory
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Last update 06/16/2022
Vehicle Affordability Index: May
up 41.3
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 06/15/2022
Credit Availability Index: May
down 105.4
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 06/10/2022
Average Transaction Price: May
up $47,148
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 06/09/2022
INVENTORY
An industry view of available new- and used-vehicle inventory in number of units and days’ supply.
Used-Vehicle Days’ Supply: May
down 42
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 06/16/2022
Used-Vehicle Inventory: May
down 2.47M
The number of used vehicles available for sale.
Source: vAuto Available Inventory
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Last update 06/16/2022
New-Vehicle Days’ Supply: May
down 36
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 06/16/2022
New-Vehicle Inventory: May
down 1.13M
The number of new vehicles available for sale.
Source: vAuto Available Inventory
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Last update 06/16/2022
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.
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Vehicle Sales Recovery
Pricing and valuation
Inventory and supply
credit apps

brand leading indicators

Kbbaa 01
Leads Traffic (YoY)
+ 0 %
+ 0 %
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Vehicle Form Submissions
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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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