Cox Automotive News November 12, 2024
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Last update 11/12/2024
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SALES & SERVICE
Light vehicle sales in the U.S., including full-year forecasts. Plus, repair order volume and revenue at franchised dealer service departments.
Repair Order Revenue Index: October
128.7
Monthly measure of the average revenue from each repair order performed by a franchised dealer service department.
Source: Xtime
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Last update 11/07/2024
Repair Order Volume Index: October
88.8
Monthly measure of the number of repair orders performed by a franchised dealer service department.
Source: Xtime
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Last update 11/07/2024
Fleet Sales: October
155,157
Total monthly volume of light vehicles sold into fleet in the U.S.
Source: Cox Automotive analysis of Bobit data
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Last update 11/05/2024
New Electric Vehicle Sales: September
107,127
Monthly estimated sales volume of new electric vehicles in the U.S.
Source: Kelley Blue Book
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Last update 10/22/2024
Used Electric Vehicle Sales: September
26,626
Monthly estimated sales volume of used electric vehicles in the U.S.
Source: Kelley Blue Book
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Last update 10/22/2024
Used Retail Sales: September
1.38M
Estimate of last 30-day volume of used light vehicles sold in the U.S.
Source: vAuto Live Market View
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Last update 10/18/2024
CPO Sales: September
182,551
Total monthly volume of used vehicles sold as certified pre-owned in the U.S.
Source: Cox Automotive analysis of Motor Intelligence data
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Last update 10/03/2024
New Sales: September
1.33M
Forecast for total monthly volume of new light vehicles sold in the U.S.
Source: Cox Automotive
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Last update 10/03/2024
Forecasts: Full Year
15.7M
Full-year forecasts for light new- and used-vehicles, fleet and CPO sales, leasing volume and penetration and Manheim Used Vehicle Value Index.
Source: Cox Automotive
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Last update 03/25/2024
PRICING
An industry view of new, used and wholesale vehicle pricing as well as measures of credit availability and vehicle affordability.
Average New Transaction Price: October
$48,623
The estimated negotiated price for a new light vehicle in the U.S. excluding incentives, trade-in, taxes, fees or F&I.
Source: Kelley Blue Book
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Last update 11/12/2024
Credit Availability Index: October
94.5
A monthly index based on Dealertrack credit application data that indicates whether access to auto loan credit is improving or worsening.
Source: Dealertrack
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Last update 11/11/2024
Used-Vehicle Value Index: October
202.8
Monthly measure of wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis).
Source: Manheim
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Last update 11/07/2024
Average New Electric Vehicle Transaction Price: September
$56,328
The estimated negotiated price for a new electric vehicle in the U.S. excluding incentives, trade-in, taxes, fees or F&I.
Source: Kelley Blue Book
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Last update 10/22/2024
Average Used Electric Vehicle Listing Price: September
$37,260
The average price of all used electric vehicle digital listings.
Source: Kelley Blue Book
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Last update 10/22/2024
Average Used Listing Price: September
$25,361
The average price of all used vehicle digital listings.
Source: vAuto Live Market View
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Last update 10/18/2024
Average New Listing Price: September
$47,823
The average price of all new-vehicle digital listings.
Source: vAuto Live Market View
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Last update 10/17/2024
Vehicle Affordability Index: September
36.2
A monthly measure of the number of median weeks of income needed to purchase a new vehicle.
Source: Cox Automotive/Moody's Analytics
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Last update 10/16/2024
New Auto Loan Rate: September
9.51%
The volume-weighted average new auto loan rate on Dealertrack.
Source: Dealertrack
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Last update 10/03/2024
Used Auto Loan Rate: September
13.91%
The volume-weighted average used auto loan rate on Dealertrack.
Source: Dealertrack
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Last update 10/03/2024
INVENTORY
An industry view of available new- and used-vehicle inventory in number of units and days’ supply.
New Electric Vehicle Days' Supply: September
93
Cox Automotive days’ supply based on the daily sales rate for the most recent 30-day period.
Source: vAuto
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Last update 10/22/2024
Used Electric Vehicle Days' Supply: September
47
Cox Automotive days’ supply based on the daily sales rate for the most recent 30-day period.
Source: vAuto Live Market View
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Last update 10/22/2024
Used-Vehicle Days’ Supply: September
47
Cox Automotive days’ supply based on the daily sales rate for the most recent 30-day period.
Source: vAuto Live Market View
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Last update 10/18/2024
Used-Vehicle Inventory: September
2.15M
The number of used vehicles available for sale.
Source: vAuto Live Market View
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Last update 10/18/2024
New-Vehicle Days’ Supply: September
81
Cox Automotive days’ supply based on the daily sales rate for the most recent 30-day period.
Source: vAuto Live Market View
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Last update 10/17/2024
New-Vehicle Inventory: September