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2018 Used Car Market Report & Outlook – An Overview

The Cox 2018 Automotive Used Car Market Report & Outlook has been released.  The report, formerly known as the Manheim Used Car Market Report has been expanded to include more information on different areas along with insights, observations and some forward-thinking viewpoints on the auto industry in 2018 and beyond.

While the auto market, like any market, is changing, the Cox team has decades of experience with collecting, evaluating and analyzing data with dealers, manufacturers and consumers.  Their experience offers professionals quality data and useful insights that can be used in marketing, pricing and business strategies.

Some highlights include:

  • A review of 2017, which was a good year overall for the auto industry.  As the economy strengthened through the year, it drove higher used-car sales.
  • Used car sales are expected to improve throughout 2018 while new sales are likely to see a dip when compared to their record breaking sales of 2017.
  • Technological advancement and customer demands are expected to shape the industry both in new car amenities and the kinds of services all dealers will be expected to provide.

The report covers a host of industry topics to give a comprehensive bird’s eye view of the state of the auto industry.  Some of the areas include

  • States of the Market
  • Used Car Sales Overview
  • Wholesale and Auction Volumes and Pricing
  • Fleets

You can download the full PDF of the report here.

 

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