In November 2024, the Dealertrack Credit Availability Index revealed a notable improvement in auto credit access across all channels and lender types.| Cox Automotive Inc.
According to Kelley Blue Book, the average transaction price (ATP) for a new vehicle in the U.S. was $48,907 in June.| Cox Automotive Inc.
Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were higher in June compared to May. The Manheim Used Vehicle Value Index (MUVVI) increased to 208.5, representing a 6.3% year-over-year increase and a 1.6% rise above May levels. The seasonal adjustment forced the index higher in the month, as non-seasonally adjusted values fell … Continued The post Wholesale Used-Vehicle Prices Increase in June appeared first on Cox Automotive Inc..| Market Insights - Cox Automotive Inc.
Jonathan Smoke leads Cox Automotive’s economic and industry insights team, which tracks key metrics and trends impacting both the wholesale and retail markets for vehicles informed by the proprietary data from the company’s businesses and platforms. For 28 years, Smoke has focused on translating data and trends into relevant actionable insights for the industries that represent the biggest purchases that consumers make in their lifetimes: real estate and automotive. Smoke joined Cox Autom...| Cox Automotive Inc.