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All Smoke on Cars Commentary & Voices Data Point Economy & Trends CAMIO

Register Today: Cox Automotive Q1 2023 Industry Insights and Sales Forecast Call 03/24/2023 Register now to join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team for the Q1 2023 Industry Insights and Sales Forecast Call. Monday, March 27 11 a.m. EDT During this session, the team will share how the auto industry performed in the first quarter and how the industry is progressing this year. They will also provide an update on… Read Article

Market Insights Commentary & Voices

Fed Raises, Effectively Doubling Down on Credit Tightening 03/22/2023 While the main possibilities for action at this meeting boiled down to no raise and raising a quarter point, the Fed opted for the more aggressive move even though tightening was already occurring. Compared to where the thinking was two weeks ago, the decision seems moderate, but much has changed over the last two weeks. Due to a strong start of the year for consumer spending,… Read Article

Market Insights Smoke on Cars Economy & Trends

Meet Dealer Beth Beans Gilbert: The 2023 Barbara Cox Woman of the Year 03/22/2023 CBT News, March 22, 2023 – Beth Beans Gilbert, vice president of the Fred Beans Automotive Group, received the 2023 Barbara Cox Woman of the Year Award from Cox Automotive earlier this year. Ken Kraft, chief marketing officer of Cox Automotive, and recipient Beth Beans Gilbert discuss the accolade on today’s Inside Automotive. Watch the Episode. Read Article

News Coverage

Manheim Market Insights Series: Episode 7 03/21/2023 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 tax refunds, the mid-month Manheim Used Vehicle Value Index as well as MMR trends… Read Article

Manheim Market Insights Market Insights Commentary & Voices

Service Activity and Revenue Move in Different Directions in February, according to Xtime Metrics 03/20/2023 The latest Cox Automotive analysis of Xtime metrics shows that service activity decreased and service revenue increased month over month in February at U.S. franchised dealerships, as was the case in January. The Repair Order Revenue Index is up year over year, while the Repair Order Volume Index is down compared to February 2022. The monthly Xtime volume and revenue metrics are designed to showcase average service… Read Article

Operations Service Fixed Ops Xtime Market Insights Data Point

Auto Market Weekly Summary: March 20 03/20/2023 Year-over-year inflation in aggregate declined modestly in February, but core inflation increased. Retail sales declined in February as auto sales and sales at miscellaneous store retailers declined. Adjusted for inflation, retail sales declined and were down slightly from a year ago. Residential construction increased more than expected in February. Most of the strength is in multifamily. Massive growth in multifamily construction will likely lead to a… Read Article

Market Insights Smoke on Cars Economy & Trends

Wholesale Used-Vehicle Prices See Increase in First Half of March 03/17/2023 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.8% from February in the first 15 days of March. The midmonth Manheim Used Vehicle Value Index rose to 238.6, which was down 2.1% from the full month of March 2022. The seasonal adjustment minimized the gains. The non-adjusted price change in the first half of March was an increase of 3.8% compared to… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Spring Selling Season Kicks Off Early With Used-Vehicle Supply Low 03/17/2023 The supply of used vehicles is lean as the spring selling season kicked off early and briskly this year, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.07M Total UnsoldUsed Vehiclesas of Feb. 27, 2023 41 Days' Supply $26,068 Average Listing Price 70,220 Average Mileage “Used-vehicle sales have been up significantly, causing inventory to fall quickly in recent weeks and leaving dealers with… Read Article

Inventory used-vehicle prices used-vehicle inventory Market Insights Data Point

New-Vehicle Affordability Improved Again in February 03/16/2023 New-vehicle affordability improved again in February following modest improvement in January, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. All factors helped as declining new-vehicle prices, increasing incentives, improving incomes and slightly lower average new auto loan rate, as calculated by Moody’s Analytics, reduced the average monthly payment for a new vehicle to the lowest level since October 2022. The number of median weeks of income… Read Article

Vehicle Affordability Index Cox Automotive/Moody's Analytics Vehicle Affordability Index vehicle affordability Market Insights Data Point

February New-Vehicle Inventory Climbed While Sales Grew and Prices Retreated 03/16/2023 New-vehicle supply closed February higher than it ended January despite surprisingly strong sales, according to Cox Automotive’s analysis of vAuto Available Inventory data. The average listing price edged lower. 1.80M Total Inventoryas of Feb. 27, 2023 56 Days' Supply $47,326 Average Listing Price The total U.S. supply of available unsold new vehicles stood at 1.80 million units at the end of February, compared with an upwardly… Read Article

Inventory new-vehicle inventory new-vehicle prices Market Insights Data Point

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