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According to the Cox Automotive forecast, the August U.S. auto sales pace, or SAAR, is expected to finish flat month over month at 13.3 million, up from last year’s 13.1 million level.
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Recent data points to more auto borrowers struggling to keep up with loans, but default rates remain below pre-pandemic levels.
Read More →Year to date, the total used market is currently on pace to finish the year down more than 12% from the 40.6 million recorded in 2021.
Read More →New-vehicle sales were up slightly in July from June but remain low at a 13.3 million seasonally adjusted rate of sales.
Read More →July U.S. auto sales are expected to show very little change from June’s results as a lack of supply continues to batter the new-vehicle market.
Read More →Over the last two weeks, Manheim Market Report prices saw higher-than-normal but decelerating declines.
Read More →Vehicle listings with Manheim Express Concierge inspections now protect sellers even more from arbitration.
Read More →One-quarter of Americans say they will consider an electric vehicle for their next vehicle.
Read More →Auto industry inventory levels sat between 1 million and 1.1 million vehicles for the sixth consecutive month in June, according to Cox Automotive.
Read More →A recession won’t affect U.S. auto dealers and manufacturers until the 12- to 18-month range, says Jonathan Smoke, chief economist-Cox Automotive.
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