Cox Automotive forecasts sales up month-over-month and year-over-year. February new-vehicle sales, when announced next week, are expected to show gains over last year and improvement from January, which came in slower than expected. Cox Automotive projects February sales volume is expected to reach 1.22 million units, an increase of 6.3% over February 2023, when the […]
Wholesale Used-Vehicle Prices Flat in January
While the Manheim Used Vehicle Value Index was flat compared to December, January Index was down over 9% year-over-year. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis were unchanged in January compared to December. The Manheim Used Vehicle Value Index (MUVVI) remained at 204.0 but down 9.2% from a year ago. The […]
Americans Bought Nearly 1.2 Million Electric Vehicles in 2023
According to latest Kelley Blue Book data, EV sales were at record levels. A record-breaking nearly 1.2 million U.S. vehicle buyers chose to go electric last year, according to the latest data from Kelley Blue Book, a Cox Automotive company. Electric vehicles (EVs) represent the fastest-growing car sales category, holding a 7.6% share of the […]
Record 1.2 Million EVs Were Sold in the U.S. in 2023
Tesla captured 55% of the U.S. EV market last year. A record 1.2 million U.S. vehicle buyers chose to go electric last year, according to estimates from Kelley Blue Book, a Cox Automotive company. More specifically, 1,189,051 new electric vehicles (EVs) were put into service as the slow shift to an electrified future continued unabated. […]
Wholesale Used-Vehicle Prices Decline in First Half of November
Manheim Used Vehicle Value Index down on both a month-over-month and year-over-year basis. Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis decreased 1.6% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index declined to 206.1, which was down 5.3% from the full month of November […]
Wholesale Used-Vehicle Prices Up Slightly in August
The decline in wholesale prices has stopped, though they remain down from the highs last year. Wholesale used-vehicle prices on a mix, mileage, and seasonally adjusted basis increased 0.2% in August from July. The Manheim Used Vehicle Value Index (MUVVI) rose to 212.2, down 7.7% from a year ago. Higher used vehicle prices allow for […]
Wholesale Used-Vehicle Prices Lower in First Half of June
Prices were down both on a monthly and yearly basis. Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis decreased 3.2% from May in the first 15 days of June. The midmonth Manheim Used Vehicle Value Index dropped to 217.3, which was down 9.4% from the full month of June 2022. The seasonal […]
Wholesale Used-Vehicle Prices Increase in January versus December
Prices are down year-over-year on comparison to historic highs last year. Wholesale used-vehicle prices, on a mix, mileage, and seasonally adjusted basis, increased 2.5% in January compared to December. The Manheim Used Vehicle Value Index (MUVVI) rose to 224.8, down 12.8% from a year ago. January’s increase was driven in part by the seasonal adjustment. […]
Electrified Vehicle Sales Hit Record in Third Quarter
Sales of electrified vehicles hit a record in the third quarter, as one of the hottest segments in the U.S. automotive market continues to make waves throughout the industry, according to Kelley Blue Book, a Cox Automotive company. More than 200,000 electrified vehicles were sold in the three-month span of Q3 – a first – […]
Wholesale Used-Vehicle Prices Continued to Decline in First Half of October
Used vehicle prices that support higher collision repair volumes are down month-over-month and year-over-year. According to the latest report from Cox Automotive, wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis declined 2.0% from September in the first 15 days of October. The Manheim Used Vehicle Value Index fell to 200.5, which was […]