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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
3 min read
Hybrids Still Dominate Electrified Vehicle Shopping, According to Kelley Blue Book
05/23/2023
Despite the massive attention on electric vehicles and new tax credits for them, hybrid vehicles continue to be more popular among vehicle shoppers, according to the Kelley Blue Book Brand Watch™ report for the first quarter of 2023. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in shopping behavior to determine how a brand or model stacks up with…
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Kelley Blue Book Brand Watch
Electrified Vehicles
EV sales
Market Insights
Data Point
3 min read
Dealership Service Revenue and Ticket Volume Decreased in April, according to Xtime Metrics
05/22/2023
A recent analysis by Cox Automotive of Xtime metrics revealed that service activity and revenue at franchised dealerships in the U.S. decreased in April compared to the previous month. However, the Repair Order Revenue Index has increased compared to last year and reached a record high in March, while the Repair Order Volume Index has decreased compared to April 2022. The monthly Xtime volume and revenue…
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Operations
Service
Fixed Ops
Xtime
Market Insights
Data Point
4 min read
Wholesale Used-Vehicle Prices See Decrease in First Half of May
05/17/2023
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 2.1% from April in the first 15 days of May. The midmonth Manheim Used Vehicle Value Index dropped to 225.9, which was down 7.0% from the full month of May 2022. The seasonal adjustment contributed to the decline. The non-adjusted price change in the first half of May declined 0.9% compared to April, while…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Data Point
2 min read
CPO Sales Waver in April
05/16/2023
Certified pre-owned (CPO) sales in April fell more year over year than the overall used retail market. CPO sales decreased 4.2%, or over 9,000 units, from April 2022 to finish at 214,684. This total is down nearly 15,000 units, a 6% drop from March’s number. Year-to-date CPO sales remain up 6% compared to 2022. “April CPO sales took it on the chin compared to March, but…
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CPO
certified pre-owned
CPO sales
Market Insights
Data Point
3 min read
New-Vehicle Affordability Improved Slightly in April
05/15/2023
New-vehicle affordability improved slightly in April and contributed to improving new-vehicle sales, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. Most factors helped as declining new-vehicle prices, increasing incentives and improving incomes offset a small increase in the average new auto loan rate. The typical monthly payment declined to the lowest level since October 2022. The number of median weeks of income needed to purchase…
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Vehicle Affordability Index
Cox Automotive/Moody's Analytics Vehicle Affordability Index
vehicle affordability
Market Insights
Data Point
2 min read
Estimated Monthly Used-Vehicle SAAR and Volume
05/15/2023
Total used-vehicle sales in April are estimated to be near 3.1 million units, down 1.7% from April 2022. The seasonally adjusted annual rate, or SAAR, is estimated to have finished near 34.5 million, down from last April’s 35.1 million level but up from March’s downwardly revised 34.2 million level. Total Used Volume and Used SAAR According to Charlie Chesbrough, senior economist at Cox Automotive: “The supply…
Read Article
used-vehicle SAAR
Market Insights
Data Point
3 min read
Used-Vehicle Inventory, Prices Rise in April on Softening Sales
05/12/2023
The inventory of used vehicles edged higher at the end of April compared to March as the spring selling came to a close and sales slowed. However, supply remains below year-ago levels, according to the Cox Automotive analysis of vAuto Available Inventory data, and days of supply have slipped. Meanwhile, the average listing price climbed to nearly $27,000. 2.11M Total UnsoldUsed Vehiclesas of April 24, 2023…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
6 min read
New-Vehicle Inventory Increases Again in April, Supporting Stronger Sales
05/11/2023
New-vehicle inventory closed April up from a month earlier to its highest level in two years, supporting surprisingly brisk sales, according to Cox Automotive’s analysis of vAuto Available Inventory data. Meanwhile, days of supply dipped on higher sales. The average listing price of a new vehicle returned to above $47,000 in April. 1.90M Total Inventoryas of April 24, 2023 53 Days' Supply $47,409 Average Listing Price…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
4 min read
Auto Credit Availability Tightened in April
05/10/2023
Access to auto credit tightened in April, according to the Dealertrack Credit Availability Index for all types of auto loans. Following varied moves in vehicle channels and by lender in March, credit access tightened across all channels and all lender types in April. The All-Loans Index declined 1.5% to 96.8 in April, the lowest reading since February 2021 and reflected that auto credit was harder to…
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credit
consumer credit
Dealertrack Credit Availability Index
auto loans
Market Insights
Data Point
5 min read
New-Vehicle Transaction Prices Decline as Automaker Incentives Hit Highest Point in a Year, According to Kelley Blue Book
05/09/2023
ATLANTA, May 9, 2023 – The average price Americans paid for a new vehicle in April remained below the manufacturer’s suggested retail price (MSRP) for the second consecutive month, according to data released today by Kelley Blue Book, a Cox Automotive company. The average transaction price (ATP) of a new vehicle in the U.S. remained relatively flat in April 2023 at $48,275, a month-over-month decrease of…
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ATP
average transaction price
Market Insights
Data Point
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