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Tax Refund Season Draws To A Close With Retail Used-Vehicle Sales Up More Than 5% Year Over Year

Used-vehicle inventory levels at the start of April were lower than in March, according to the Cox Automotive analysis of vAuto Live Market data, as healthy sales fueled by tax refunds drew supply down to the lowest level since the spring of 2023.   2.22M Total UnsoldUsed Vehiclesas of April 4, 2024 44 Days’ Supply … Continued

Manheim Market Insights Series: Episode 20

Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights the mid-month Manheim Used Vehicle … Continued

New-Vehicle Inventory Increases While Steady Sales Pull Down Days’ Supply

April opened with 72 days of new-vehicle supply across the industry, down seven days from the start of March, as higher volumes in recent weeks helped to keep inventory in check. According to Cox Automotive’s analysis of vAuto Live Market View, the total U.S. supply of available unsold new vehicles opened April at 2.77 million … Continued

Wholesale Used-Vehicle Prices Decrease in First Half of April

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased by 1.9% from March during the first 15 days of April. The mid-month Manheim Used Vehicle Value Index dropped to 199.2, which was 13.7% lower than the full month of April 2023. The seasonal adjustment amplified the results. The non-adjusted price change in … Continued

Cox Automotive Auto Market Report: April 16th

The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation

Big Changes Ahead for Used-Vehicle Transport

After years of steady state in vehicle logistics, the sector is now evolving at light speed. And while this increased pace means new challenges for shippers, carriers and brokers, the good news is that technology-driven solutions are advancing just as rapidly. I recently had the chance to speak about these trends during the Q1 Manheim … Continued

Used Retail Vehicle Sales Increase in March

According to vAuto Live Market View data estimates, retail used-vehicle sales in March increased from February and were up by 18.5% month over month. A total of 1.66 million used vehicles were sold at retail – from both franchised and independent dealers – during March, up 10.9% year over year and the highest volume since March … Continued

New-Vehicle Affordability Improves in March

Trends in new-vehicle affordability factors moved in support of consumers again in March, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “The positive moves were assisted by the first material decline in interest rates in over two years,” said Cox Automotive Chief Economist Jonathan Smoke. “However, given the move-up in rates so far in … Continued

Auto Market Weekly Summary

Highlights: Headline Inflation Hits Highest Level Since September Headline inflation continues to run hotter than expected. In March, inflation grew at the same pace as February, according to the Consumer Price Index (CPI). The headline aggregate measure increased 0.4% on a seasonally adjusted basis and marked three months of higher-than-expected increases. The core CPI, which … Continued

Automotive Insights: Trends, Fraud and Future

Scott McMahon, alliance manager for Automotive Partnerships at Equifax, leads a panel discussion on current trends, the rising challenge of fraud in the automotive space, and the industry’s outlook, with a special focus on consumer affordability and the evolving electric vehicle (EV) market. His esteemed panel includes Steve Greenfield, general partner at Automotive Ventures; Marguerite … Continued