Cox Automotive | Auto Finance News | Auto Finance News

Used-vehicle values slouch in September

The Manheim Used-Vehicle Value Index fell 1.04% month over month in September to 139.9, mostly due to lower-than-average depreciation during the summer, said Jonathan Smoke, chief economist at Cox Automotive. Compared to the same prior-year period, the index was flat. “September officially ended an incredible run on used-vehicle values, like the way the abnormal heat […]

Independent dealers sour on slipping inventories

Franchise auto dealers perked up their market outlook in the third quarter as independent dealers lowered expectations for market conditions, a Cox Automotive dealer sentiment report showed. While used-vehicle sales continue to reach record levels, independent dealers reported that used-vehicle inventories are declining – a continued trend from the second quarter. In fact, limited used-vehicle […]

Credit margins shrinking in auto amid Fed rate cut, economist says

Despite the Federal Open Market Committee’s (FOMC) goal of boosting the economy and reducing the cost of borrowing money for lenders and banking institutions, the auto finance market may not see the intended benefits of Wednesday’s cut to the Federal Reserve’s benchmark interest rate, Jonathan Smoke, chief economist at Cox Automotive, told Auto Finance News. […]

SAAR to drop for third straight month

The pace of auto sales continued to slow in August, as the SAAR is forecast to drop for the third month in a row. New-vehicle sales last month are expected to notch 1.59 million units – up 100,000 units, or 6.5%, from year ago levels. Still, the SAAR is forecast to drop to 16.5 million, […]

Off-lease volume to peak this year

The volume of off-lease vehicles returning to market is expected to peak at 4.1 million this year and again in 2020, Jonathan Smoke, Cox Automotive’s chief economist, said in the second-quarter Used Vehicle Value Index conference call. “Off-lease maturities grew by 1.7 million units between 2014 and 2018,” Smoke said. “This year, we expect the […]

New-car prices inch up, EV prices tumble in June

New-vehicle prices climbed 3% year over year, averaging $37,285 in June, according to Kelley Blue Book. KBB analysts attributed the transaction price growth to the persistent demand for trucks and SUVs, pushing both sales and prices in those segments. In fact, light trucks and SUVs are estimated to account for more than 70% of June […]

Clutch Technologies debuts fleet-valuation tool for subscription service providers

Clutch Technologies, a software company focused on subscription and mobility services, launched two tools this week for dealers and manufacturers to manage fleet size, mix, and usage. The first product addresses fleet valuation by leveraging remarketing data from Cox Auto subsidiaries Manheim, Kelley Blue Book, and Cox Automotive Data Solutions (CADS). The tool provides wholesale […]
Page 1 of 812345 » ...Last »