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All
Smoke on Cars
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Economy & Trends
CAMIO
1 min read
CDG Podcast: Dealer Tech Expert: How Car Buying is Evolving
07/25/2024
Chase Abbott, vice president of Sales at Cox Automotive, joins this Car Dealership Guy Podcast episode to discuss how car buying is evolving, the future of dealership technology stacks, the #1 killer of car deals and the secret playbook to getting a dealership's attention. Watch the Episode
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News Coverage
3 min read
Cox Automotive Forecast: New-Vehicle Sales Pace Expected to Rebound After June Disruptions
07/25/2024
ATLANTA, July 25, 2024 – The Cox Automotive forecast released today indicates that U.S. July new-vehicle sales will show some recovery from the widespread software outage that impacted sales and reporting last month. In July, the seasonally adjusted annual rate (SAAR), or sales pace, is expected to rise to 16.0 million, an upward rebound from last month’s surprisingly low 15.3 million level. Last month, the sales…
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new-vehicle sales
sales forecast
SAAR
Press Releases
5 min read
Cox Automotive Auto Market Report: July 23rd
07/23/2024
Cox Automotive's Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading indicators from Cox Automotive's extensive data ecosystem. Download this week’s presentation…
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Auto Market Report
Market Insights
Smoke on Cars
Economy & Trends
5 min read
Cox Automotive Study: Fleet Owners More Satisfied With EVs Than ICE Alternatives, Despite Higher Acquisition Costs, Frequency of Service and Maintenance
07/23/2024
New research released today by Cox Automotive shows that fleet owners operating both electric vehicles (EVs) and their traditional, fuel-burning counterparts have higher levels of satisfaction with their EVs. The Future of Fleets: Path to EV Adoption suggests that, compared to vehicles powered by internal-combustion engines (ICE), EVs bring higher scores among fleet owners in key metrics such as “overall satisfaction,” “cost of ownership” and “vehicle…
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Market Insights
Data Point
3 min read
Auto Market Weekly Summary
07/22/2024
Highlights Retail sales for June saw no growth in consumer spending, which was considered favorable compared to the anticipated decline. The auto sector underperformed the rest of the retail market as sales excluding motor vehicles and parts increased 0.4% while sales of motor vehicles and parts declined 2.0%. Residential construction trends took a positive turn in June, with permits and starts surpassing expectations. The annualized rate…
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Auto Market Weekly Summary
Market Insights
Smoke on Cars
Economy & Trends
2 min read
Used-Vehicle Inventory Decreased Month Over Month as Software Outage Slows Sales and Reporting
07/19/2024
According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of July were lower than in June, as a widely used dealer management system (DMS) outage disrupted sales and inventory reporting. 2.21M Total UnsoldUsed Vehiclesas of July 8, 2024 53 Days' Supply $25,251 Average Listing Price 70,202 Average Mileage As July opened, the total supply of used vehicles…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
1 min read
Manheim Market Insights Series: Episode 23
07/19/2024
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 Value Index (MUVVI), days’ supply, affordability and electric vehicle prices both…
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Manheim Market Insights
Market Insights
Commentary & Voices
3 min read
Signs of Widespread Software Outage Revealed in June Inventory Data
07/18/2024
In June, a cyber breach at a widely used dealer management system (DMS) supplier heavily impacted the automotive industry. This disruption clearly slowed sales and reporting in the second half of the month, pushing the new-vehicle days’ supply at the start of July to 116 days, according to Cox Automotive’s analysis of vAuto Live Market View data. Days’ supply of 116 is extremely abnormal and one…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
5 min read
Wholesale Used-Vehicle Prices Increase in First Half of July
07/17/2024
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.8% from June in the first 15 days of July. The mid-month Manheim Used Vehicle Value Index increased to 199.7, down 5.7% from the full month of July 2023. The seasonal adjustment reduced the results for the month. The non-adjusted price change in the first half of July declined 0.4% compared to June, while…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Data Point
2 min read
Used Retail Vehicle Sales Decrease in June
07/15/2024
According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in June decreased from May, falling by 7.6% month over month. A total of 1.41 million used vehicles were sold at retail – from both franchised and independent dealers – during June, up 1.4% year over year. Days’ supply for June was 47, up from a revised 46 days in May. [Check…
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used-vehicle sales
CPO sales
Market Insights
Data Point
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