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Wholesale Used-Vehicle Prices Flat in January

Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were unchanged in January compared to December. The Manheim Used Vehicle Value Index (MUVVI) remained at 204.0 but down 9.2% from a year ago. The index experienced the same 0.0% monthly change from December 2021 to January 2022. “With the volatility we saw last … Continued

Protected: Manheim Used Vehicle Value Index Data Files

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Cox Automotive Auto Market Report: February 6th

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

Cox Automotive Analysis: Toyota Motor Corporation’s Quarterly U.S. Market Performance

Toyota Motor is expected to post a hefty increase in quarterly earnings and revenues when it reports financial results on Feb. 6, thanks to a rebound in production following the global computer chip shortage. The October to December 2023 period is the Japanese automaker’s third quarter of its fiscal year 2024, which ends March 31. … Continued

Cox Automotive Analysis: Ford Motor Company’s Q4 2023 U.S. Market Performance

The impact of the six-week UAW strike against the Detroit automakers will be the focus of Ford’s fourth-quarter and full-year financial results when they are posted after the stock market closes on Tuesday, Feb. 6. The strike began late in the third quarter and continued well into October, so the fourth quarter saw the biggest … Continued

Auto Market Weekly Summary

Job growth in January reaccelerated and was much stronger than expected, plus prior months were revised up. The three-month average for job creation increased to the highest level in nine months, casting doubt on the thesis that job growth is slowing. The unemployment rate and labor force participation were steady as wage inflation accelerated.  The … Continued

The Fed Signals End of Tightening Era

As expected, the Fed left interest rates and overall monetary policy unchanged yesterday. We have now had four straight meetings with no change in rate policy. The biggest changes from the Fed are in the language that describes their bias, which has shifted from leaning heavily towards tightening to starting to consider loosening. Rate cuts? … Continued

In the Car Business, “The More Things Change, the More They Stay the Same.”

This week, the National Automobile Dealers Association is hosting its annual convention in Las Vegas, showcasing the latest thinking and innovations from across the auto industry. Dealers are always interested to hear the latest thinking from their respective OEM executives at the make meetings. I suspect the OEMs’ message will drastically differ from the past … Continued

Cox Automotive Analysis: General Motors’ Q4 2023 U.S. Market Performance

The financial damage from the six-week strike by the UAW against the three Detroit automakers will be the focus of upcoming earnings announcements, starting with General Motors. GM posts fourth-quarter and full-year financial results before the market opens on Tuesday, Jan. 30. Since the strike started late in the third quarter, the impact for that … Continued

Auto Market Weekly Summary

The economic data released last week affirmed a strong ending to 2023. Real GDP growth was 3.3% for the fourth quarter, which represented a slowing from the third quarter but was still very strong. All components of GDP were positive contributors, and while consumer spending decelerated, it remained at a healthy level for growth. Consumer … Continued