icon-branding Events Icon Created with Sketch. Inventory Icon Created with Sketch. icon-mail-hovericon-mail Marketing Icon Created with Sketch. icon-operationsicon-phone-hovericon-phone Product Training Icon Created with Sketch. Sales Icon Created with Sketch. Service Icon Created with Sketch. icon-social-fb-hovericon-social-fbicon-social-google-hovericon-social-googleicon-social-linkedin-hovericon-social-linkedinicon-social-rss-hovericon-social-rss icon-social-twitter Created with Sketch. icon-social-twitter-hovericon-social-twittericon-social-youtube-hovericon-social-youtube

Remarkable Decline in Fleet Sales Continues in June

Year-over-year fleet sales continued its remarkable decline as the combined rental, commercial, and government purchases of new vehicles were down 69% in June. Total fleet volume was 85,104, down significantly from 277,615 in June 2019. Rental units continue to lead the drop with a 94.5% decrease year over year in June. The dismal June rental … Continued

2020 Cox Automotive Market Insights and Outlook Flipbook Available

The Cox Automotive Economic and Industry insights team’s goal is to help automotive industry stakeholders make the best decisions for the future. The 2020 Cox Automotive Market Insights & Outlook flipbook makes accessing key data and insights easy. Replacing the hard copy version, this digital format allows readers to quickly find what they are looking for and can be … Continued

CPO Sales Roar Back From Large Drops In March And April

Sales of certified pre-owned (CPO) vehicles decreased 6% year over year in May but were up 87% month over month compared to April. For May, 237,495 CPO units were sold. CPO sales were on a record-setting pace the first two months of the year before COVID-19 put the brakes on auto sales. Reflecting huge decreases in … Continued

Fleet Sales Continue to Get Pummeled, Rental Units Drop 91.3% in May

Year-over-year fleet sales continued its remarkable decline compared to the prior year as the combined rental, commercial and government purchases of new vehicles were down 83.2% in May. Total fleet volume in May was 52,203, down significantly from 311,202 in May 2019. Rental units led the drop with a 91.3% decrease year over year in … Continued

COVID-19 Hits April Fleet Sales Hard, Rental Units Drop 76.6%

Year-over-year growth in fleet sales began a strong decline compared to the prior year as combined rental, commercial and government purchases of new vehicles were down 70.1% in April. Total fleet volume in April was 72,084, down significantly from 240,914 in April 2019. Rental units led the drop with a 76.6% decrease year over year … Continued

Record-Setting CPO Sales Volume Reversed in March by COVID-19

Like the new- and used-vehicle markets, the CPO market struggled last month as mandated stay-at-home orders and dealership closings severely hampered vehicle sales. Sales of certified pre-owned (CPO) vehicles decreased 40% year over year in March. CPO sales were on a record-setting pace for the year before COVID-19 and ended down 33% month over month … Continued

COVID-19 Puts Brakes on March Fleet Sales, Rental Units Down 34%

Year-over-year growth in fleet sales began a strong decline compared to the prior year as combined rental, commercial and government purchases of new vehicles were down 27.6% in March. Total fleet volume in March was 229,725, down significantly from 317,427 in March 2019. Rental units led the drop with a 34% decrease while commercial vehicle … Continued

CPO Sales up 10% Month Over Month Following Record January

Sales of certified pre-owned (CPO) vehicles increased 13% year over year in February and were up 10% month over month compared to January. For the month, 238,229 CPO units were sold. This year CPO sales are up 10% versus 2019, the all-time record for the CPO market, with 454,188 sold through February. This means that the … Continued

Fleet Sales up Slightly in February, Continue to Track Lower Year Over Year

Year-over-year growth in fleet sales continue to track lower than last year even as combined rental, commercial and government purchases of new vehicles were up 2.7% in February. Total fleet volume in February was 278,561, up slightly from 271,130 in February 2019. Commercial vehicle sales were up 8.7% year over year in February. Retail sales of … Continued

Incentives Are Helping Keep CPO Strong

Thanks in part to a strong supply of off-lease vehicles returning to the market, certified pre-owned (CPO) sales continue to be a bright spot for the auto industry. CPO sales in January were healthy, and there’s nothing that makes us believe anything will be different in February. In fact, with tax return season on the … Continued