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Smoke on Cars
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CAMIO
2 min read
Used-Vehicle Inventory Increases Month Over Month After Unremarkable Spring Bounce
05/17/2024
Used-vehicle inventory levels at the start of May were higher than in April, according to the Cox Automotive analysis of vAuto Live Market data, as sales fueled by tax refunds slowed. In all, the tax refund season – oftentimes a lift for the used-vehicle market – was unremarkable in 2024, delivering a muted “spring bounce.” 2.27M Total UnsoldUsed Vehiclesas of May 2, 2024 46 Days' Supply $25,571…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
5 min read
Wholesale Used-Vehicle Prices Increase in First Half of May
05/17/2024
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.3% from April in the first 15 days of May. The mid-month Manheim Used Vehicle Value Index rose to 199.1, which was down 11.3% from the full month of May 2023. The seasonal adjustment mitigated the results for the month. The non-adjusted price change in the first half of May declined 0.3% compared to…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Data Point
3 min read
Days’ Supply Increases Month over Month at Start of May, as More Brands See Higher Inventory Levels
05/16/2024
Despite generally healthy sales in April, brands with 100+ average days’ supply pulled the average days’ supply up two days at the start of May to 76 days, according to Cox Automotive’s analysis of vAuto Live Market View data. One month ago, at the start of April, days’ supply stood at 74. 2.84M Total Inventoryas of May 2, 2024 76 Days' Supply $47,433 Average Listing Price…
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Inventory
new-vehicle inventory
new-vehicle prices
Market Insights
Data Point
2 min read
Used Retail Vehicle Sales Decrease in April
05/15/2024
According to vAuto Live Market View data estimates, retail used-vehicle sales in April decreased from March and were down by 7.0% month over month. A total of 1.45 million used vehicles were sold at retail – from both franchised and independent dealers – during April, up 4.8% year over year. Days’ supply at the start of April was down from a revised 46 days at the beginning of…
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used-vehicle sales
CPO sales
Market Insights
Data Point
1 min read
DAILY DRIVE PODCAST: Cox Automotive Chief Product Officer Marianne Johnson
05/15/2024
Automotive News Daily Drive Podcast, May 13, 2024 – Cox Automotive Chief Product Officer Marianne Johnson joins Jamie Butters, executive editor at Automotive News, for an episode of the Daily Drive podcast. On this episode, Butters and Johnson discuss how artificial intelligence is reshaping the auto industry. Listen to the episode
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News Coverage
2 min read
New-Vehicle Affordability Declined in April
05/15/2024
New-vehicle affordability declined in April, reversing some of the improvement in March, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. “The decline in affordability resulted from negative trends in pricing and incentives, as manufacturers and dealers were less aggressive on promotions and discounting than they were for the quarter end,” said Cox Automotive Chief Economist Jonathan Smoke. The estimated average auto loan rate improved in…
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Vehicle Affordability Index
Cox Automotive/Moody's Analytics Vehicle Affordability Index
vehicle affordability
Market Insights
Data Point
5 min read
After Three Months of Declines, New-Vehicle Prices Reversed Course in April, According to Latest Kelley Blue Book Estimates
05/14/2024
ATLANTA, May 14, 2024 – A downward slide in new-vehicle prices through the first quarter of 2024 reversed course in April, with average transaction prices (ATPs) increasing by 2.2% to $48,510, the highest prices since December 2023. The April price estimates were released today by Kelley Blue Book, a Cox Automotive brand. Year over year, new-vehicle transaction prices were lower by 0.5%. NEW-VEHICLE AVERAGE TRANSACTION PRICE New-vehicle…
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ATP
average transaction price
new-vehicle prices
Market Insights
Data Point
5 min read
Cox Automotive Auto Market Report: May 14th
05/14/2024
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 report covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends, tax refund impacts, and leading indicators from Cox Automotive's extensive data ecosystem. Download…
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Market Insights
Smoke on Cars
Economy & Trends
7 min read
Cox Automotive 2024 Path to EV Adoption Study Suggests Electric Vehicle Consideration Will Surge in Second Half of Decade
05/14/2024
ATLANTA, May 14, 2024 – A second, significant wave of shoppers ready to consider buying an electric vehicle (EV) is poised to begin entering the market in the second half of the decade, according to the latest findings from the 2024 Path to EV Adoption Study by Cox Automotive. The findings indicate that nearly half of all vehicle shoppers in market today are not even considering…
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Electric Vehicles
EVs
EV
Press Releases
4 min read
Auto Market Weekly Summary
05/13/2024
Highlights Used retail vehicle sales volumes, according to vAuto data, and the Manheim Used Vehicle Value Index declined in April compared to March. According to the latest Federal Reserve report, consumer credit, excluding mortgages, experienced a significant deceleration in growth in March. The decline in consumer sentiment and the expectation of rising inflation could further influence purchasing decisions, especially for significant investments like vehicles. Used Vehicle…
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Market Insights
Smoke on Cars
Economy & Trends
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