Cox - Auto market Report June

The Cox Automotive Auto Market Report for June 2023 provides valuable insights into the current state of the automotive industry. The report covers a range of topics, including consumer spending trends, retail sales estimates, and auto loan rates. One of the key takeaways from the report is that consumer spending growth is slowing but still strong in travel, health care, and services. The report also provides data on leads and credit applications on Autotrader and Kelley Blue Book, as well as service trends on Xtime. According to the report, leads are down year-over-year on both Autotrader and Kelley Blue Book, but up for the month compared to May on both sites. Credit applications on Dealertrack were down 10% year-over-year last week, but unique applications on a same-store basis saw an improving trend. In terms of new and used car sales, the report shows that new car sales are down year-over-year, while used car sales are up. The report also provides data on auto loan rates, which are higher for new cars than used cars. Overall, the Cox Automotive Auto Market Report for June 2023 provides a comprehensive overview of the current state of the automotive industry and is a valuable resource for anyone interested in this market.