Hits 2 ½-year low. Subprime, negative-equity shares fall.
Cox reports that in the auto sector sales of motor vehicles and parts fell in December.
New research from Cox Automotive shows consumer satisfaction with the car buying process declined in 2022 for the second consecutive year.
Average vehicle transaction prices continue to soar, according to data released by Kelley Blue Book.
Sales of new automobiles plunged to under 14 million vehicles in 2022, the lowest since 2011, reports Kelley Blue Book.
NASCAR Driver Toni Breidinger teams up with Kelley Blue Book to test top award winner.
The interest rate factor actually buoys them, Cox says.
U.S. auto dealers cite a poor economy, higher interest rates and low inventory as the reason why, finds the Cox Automotive Dealer Sentiment Index.
But analysts predict used vehicle prices will remain higher than pre-pandemic prices for years to come.
Service activity increased while service revenue decreased slightly at U.S. franchised dealerships in October, according to the latest Cox Automotive analysis of Xtime metrics.
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