Auto-Used

In early April, wholesale used-vehicle prices saw a 1.9% drop from March, marking the first instance since March 2021 that the Manheim Index fell below 200. Additionally, all major car segments recorded lower prices compared to the previous year, with luxury cars slightly outperforming the index's overall decline.

Auto Service and Repair

A recent Consumer Reports survey shows consumers prefer independent repair shops over dealership service departments, due to more competitive pricing and negotiation flexibility.

Auto-New Domestic

Electric vehicle ownership in the U.S. rose to 7% from 4% within a year, yet the interest among potential buyers declined. Less Americans now consider purchasing an EV in the future, with a decrease in serious consideration from 12% to 9% and future consideration from 43% to 35%.