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All
Smoke on Cars
Commentary & Voices
Data Point
Economy & Trends
CAMIO
2 min read
Cox Automotive Forecast: April New-Vehicle Sales Pace Accelerates as Available Inventory and Higher Incentives Keep Market Rolling
04/24/2024
ATLANTA, April 24, 2024 – Cox Automotive forecasts a decline in April’s U.S. new-vehicle sales compared to last year; however, the market remains on the road to recovery, with vehicle sales at a healthy pace. Cox Automotive confirms its forecast that 2024 will be the best year for new-vehicle sales since 2019. Sales volume this month is expected to fall 2.2% from April 2023 to 1.34…
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new-vehicle sales
sales forecast
SAAR
Press Releases
4 min read
Auto Market Weekly Summary
04/22/2024
Highlights Retail sales accelerated in March, but category performance was mixed as the auto sector saw declines along with several other categories. New construction retreated in March, with total starts down 4.3% year over year. Single-family starts were higher, while multifamily starts were down. Existing home sales declined in March, reversing much of the jump in sales in February. Meanwhile, the existing home supply remains very…
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Market Insights
Smoke on Cars
Economy & Trends
2 min read
Tax Refund Season Draws To A Close With Retail Used-Vehicle Sales Up More Than 5% Year Over Year
04/19/2024
Used-vehicle inventory levels at the start of April were lower than in March, according to the Cox Automotive analysis of vAuto Live Market data, as healthy sales fueled by tax refunds drew supply down to the lowest level since the spring of 2023. 2.22M Total UnsoldUsed Vehiclesas of April 4, 2024 44 Days' Supply $25,540 Average Listing Price 69,232 Average Mileage The total supply of…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
1 min read
Manheim Market Insights Series: Episode 20
04/19/2024
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), price changes by segment, wholesale inventory and used…
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Manheim Market Insights
Market Insights
Commentary & Voices
2 min read
New-Vehicle Inventory Increases While Steady Sales Pull Down Days’ Supply
04/18/2024
April opened with 72 days of new-vehicle supply across the industry, down seven days from the start of March, as higher volumes in recent weeks helped to keep inventory in check. According to Cox Automotive’s analysis of vAuto Live Market View, the total U.S. supply of available unsold new vehicles opened April at 2.77 million units. That is 870,000 units – or 46% – above a…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
5 min read
Wholesale Used-Vehicle Prices Decrease in First Half of April
04/17/2024
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased by 1.9% from March during the first 15 days of April. The mid-month Manheim Used Vehicle Value Index dropped to 199.2, which was 13.7% lower than the full month of April 2023. The seasonal adjustment amplified the results. The non-adjusted price change in the first half of April declined by 0.2% compared to March,…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Data Point
5 min read
Cox Automotive Auto Market Report: April 16th
04/16/2024
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
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Market Insights
Smoke on Cars
Economy & Trends
4 min read
Big Changes Ahead for Used-Vehicle Transport
04/15/2024
After years of steady state in vehicle logistics, the sector is now evolving at light speed. And while this increased pace means new challenges for shippers, carriers and brokers, the good news is that technology-driven solutions are advancing just as rapidly. I recently had the chance to speak about these trends during the Q1 Manheim Used Vehicle Value Index call, focusing on two of the biggest…
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Logistics
Market Insights
Commentary & Voices
2 min read
Used Retail Vehicle Sales Increase in March
04/15/2024
According to vAuto Live Market View data estimates, retail used-vehicle sales in March increased from February and were up by 18.5% month over month. A total of 1.66 million used vehicles were sold at retail – from both franchised and independent dealers – during March, up 10.9% year over year and the highest volume since March 2022. In what is usually a high month for used-vehicle sales, sales…
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used-vehicle sales
CPO sales
Market Insights
Data Point
2 min read
New-Vehicle Affordability Improves in March
04/15/2024
Trends in new-vehicle affordability factors moved in support of consumers again in March, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “The positive moves were assisted by the first material decline in interest rates in over two years,” said Cox Automotive Chief Economist Jonathan Smoke. “However, given the move-up in rates so far in April, that decline is likely to be short-lived.” Along with the…
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Vehicle Affordability Index
Cox Automotive/Moody's Analytics Vehicle Affordability Index
vehicle affordability
Market Insights
Data Point
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