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Data Point
The automotive industry is a data-driven business. These are the data points that our team of experts and analysts find most interesting, offered with insights to explain why it matters and why you should know.
All
Smoke on Cars
Commentary & Voices
Data Point
Economy & Trends
CAMIO
2 min read
Used Retail Vehicle Sales Accelerate in February
03/18/2024
According to vAuto Live Market View data estimates, retail used-vehicle sales in February increased from January and were up by 13.5% month over month. A total of 1.49 million used vehicles were sold at retail – from both franchised and independent dealers – during February, up 10.7% year over year and the highest volume since March 2023. Spring fever and tax refund season boosted used retail sales through…
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used-vehicle sales
CPO sales
Market Insights
Data Point
2 min read
Spring Fever and Tax Refund Season Boost Used Retail Sales and Drop Days’ Supply to 44
03/15/2024
Used-vehicle inventory opened March at the lowest level since October 2023, according to the Cox Automotive analysis of vAuto Live Market View data. 2.27M Total UnsoldUsed Vehiclesas of March 4, 2024 44 Days' Supply $25,151 Average Listing Price 70,053 Average Mileage The total supply of unsold used vehicles on dealer lots – franchised and independent – across the U.S. stood at 2.27 million units as March…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
2 min read
February New-Vehicle Affordability Best in 31 Months
03/15/2024
Trends in new-vehicle affordability factors moved in a positive direction in February, leading to the best affordability in 31 months (since July 2021), according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “New-vehicle affordability improved in the consumer’s favor again last month,” said Cox Automotive Chief Economist Jonathan Smoke. “Income growth continued and both the average new-vehicle price and the average interest rate declined.” The typical payment…
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Vehicle Affordability Index
Cox Automotive/Moody's Analytics Vehicle Affordability Index
vehicle affordability
Market Insights
Data Point
3 min read
Brisk February Sales Drew Down New-Vehicle Inventory
03/14/2024
March opened with 76 days of supply across the industry, as brisk February sales drew down new-vehicle inventory as measured in days' supply, according to Cox Automotive’s analysis of vAuto Live Market View data. 2.74M Total Inventoryas of March 4, 2024 76 Days' Supply $47,285 Average Listing Price The total U.S. supply of available unsold new vehicles opened March at 2.74 million units. That is 942,000…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
5 min read
New-Vehicle Average Transaction Prices Retreat for Second Straight Month, According to Latest Kelley Blue Book Estimates
03/11/2024
ATLANTA, March 11, 2024 – New-vehicle transaction prices (ATP) in February 2024 held mostly steady, according to an analysis by Kelley Blue Book, falling less than one-tenth of 1% from the revised January ATP. The average transaction price of a new vehicle in the U.S. last month was $47,244, down 2.2% from February 2023 and down 5.4% from the market peak in December 2022. Still, new-vehicle prices in…
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ATP
average transaction price
new-vehicle prices
Market Insights
Data Point
6 min read
Wholesale Used-Vehicle Prices Declined in February
03/07/2024
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in February compared to January. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.8, a decline of 13.1% from a year ago. The index was down 0.1% against the month of January 2024. The seasonal adjustment magnified February’s results. The non-adjusted price in February increased by 1.7% compared to January, moving the…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Data Point
2 min read
Used Retail Vehicle Sales Pick Up in January
02/23/2024
According to estimates based on vAuto Live Market View data, retail used-vehicle sales in January increased from December but were down by 3.1% compared to January 2023. A total of 1,354,075 used vehicles were sold at retail – from both franchised and independent dealers – during January, up 4.7% from December and the highest volume since August 2023. The higher sales last month reduced inventory levels at retail and pushed…
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used-vehicle sales
CPO sales
Market Insights
Data Point
2 min read
Dealership Service Ticket Volume and Revenue Increase in January, According to Xtime Metrics
02/20/2024
According to a recent analysis of Xtime metrics by Cox Automotive, service activity at franchised dealerships in the U.S. increased in January compared to December. The Repair Order Volume Index fell compared to January 2023, while the Repair Order Revenue Index remained higher year over year. The monthly Xtime volume and revenue metrics are designed to showcase average service department performance over time, with the information…
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Operations
Service
Fixed Ops
Xtime
Market Insights
Data Point
4 min read
Wholesale Used-Vehicle Prices Decrease in First Half of February
02/19/2024
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 0.9% from January in the first 15 days of February. The midmonth Manheim Used Vehicle Value Index dropped to 202.1, which was down 13.8% from the full month of February 2023. The seasonal adjustment added to the decline. The non-adjusted price change in the first half of February rose 0.9% compared to January, while…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Data Point
2 min read
Used-Vehicle Supply and Average Listing Price Declined in January
02/16/2024
Used-vehicle inventory opened February at lower levels than it closed 2023, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.33M Total UnsoldUsed Vehiclesas of Feb. 5, 2024 49 Days' Supply $25,638 Average Listing Price 69,240 Average Mileage The total supply of unsold used vehicles on dealer lots – franchised and independent – across the U.S. stood at 2.33 million units as February opened,…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
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