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Automotive Industry:United States: Difference between revisions
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!Index % MoM | !Index % MoM | ||
!Index % YoY | !Index % YoY | ||
|- | |||
|Jun-24 | |||
|196.1 | |||
|17,934 | |||
| -0.6% | |||
| -8.9% | |||
|- | |||
|May-24 | |||
|197.3 | |||
|18,048 | |||
| -0.6% | |||
| -12.1% | |||
|- | |- | ||
|Apr-24 | |Apr-24 | ||
| Line 1,076: | Line 1,088: | ||
[[File:Screenshot 2024-05-14 115532.png|alt=|center|thumb|845x845px|https://www.coxautoinc.com/market-insights/april-2024-atp-report/]] | [[File:Screenshot 2024-05-14 115532.png|alt=|center|thumb|845x845px|https://www.coxautoinc.com/market-insights/april-2024-atp-report/]] | ||
[[File:Screenshot 2024-04-18 110755.png|center|thumb|845x845px|https://www.coxautoinc.com/wp-content/uploads/2024/03/Q1-2024-Cox-Automotive-Industry-Insights-and-Forecast-Call-Presentation.pdf]] | [[File:Screenshot 2024-04-18 110755.png|center|thumb|845x845px|https://www.coxautoinc.com/wp-content/uploads/2024/03/Q1-2024-Cox-Automotive-Industry-Insights-and-Forecast-Call-Presentation.pdf]] | ||
=== June 2024 === | |||
==== Used ==== | |||
* Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in June compared to May. The seasonal adjustment to the index mitigated the impact on the month, resulting in values that declined 0.6% month over month for the second time in a row. The non-adjusted price in June decreased by 2.2% compared to May, moving the unadjusted average price down 10.0% year over year.<ref>https://www.coxautoinc.com/news/june-2024-muvvi/</ref> | |||
* Over the last four weeks, the Three-Year-Old Index decreased an aggregate of 1.5%, including a decline of only 0.2% in the last week of the month. Those same four weeks delivered an average decrease of 0.5% between 2014 and 2019, showing that depreciation trends are currently running higher than long-term averages for the year. | |||
* Over the month of June, daily MMR Retention, which is the average difference in price relative to the current MMR, averaged 97.8%, meaning market prices stayed below MMR values again this month. Against May, valuation models in June moved down a point on MMR retention. ' | |||
* The average daily sales conversion rate rose to 57.4%, a rise over the previous month and higher than is normally seen at this time of year. For comparison, the daily sales conversion rate averaged 51.4% in June over the past two years. | |||
* The average retail listing price for a used vehicle was down 1% over the last four weeks. | |||
==== New ==== | |||
* The average transaction price (ATP) of a new vehicle increased to $48,644 in June, marking the highest price since December | |||
=== May 2024 === | === May 2024 === | ||