According to the Wall Street Journal, vehicle affordability is becoming a problem for both dealerships and buyers.  Dealers reported that increasing prices and a lack of affordable models were keeping prospective buyers away.  Now coupled…

Wholesale used-vehicle pricing unexpectedly rose month-over-month in January as a result of increased demand.  According to Cox Automotive’s Manheim Used Vehicle Value Index, used vehicle prices rose 2.5% when adjusted for mix, mileage, and season….

According to Cox Automotive’s Market Report for February 6th, fleet sales are leading increases in light new vehicle sales.  Light new-vehicle sales pace increased to 15.7 million in January.  Additionally, new vehicle prices declined slightly…

Following years of supply chain challenges, the average transaction price for a new vehicle reached over $47,000 at the end of 2022 due to continued low inventory levels. Dealerships anticipate the need for more inventory…

Up 4.9% from prior year levels, the average transaction price of a new vehicle in the U.S. registered a record high of $49,507 in December of 2022. This elevated price level is supported by recent…