Cox Automotive Inc.

Luxury Share of U.S. Market Sets New Record in January, as Transaction Prices Remain up 5.9% Year Over Year, According to Kelley Blue Book

4 min read

ATLANTA, Feb. 13, 2023 – The average transaction price (ATP) of a new vehicle in the U.S. declined slightly in January 2023 to $49,388, a decrease of 0.6% ($310) from December’s record high and up 5.9% ($2,768) from levels one year earlier. New-vehicle inventory levels are increasing from historic lows in early 2022, but prices remain elevated, according to data released today … Continued

Auto Credit Availability Tightened Again in January

4 min read

Access to auto credit tightened again in January, according to the Dealertrack Credit Availability Index for all types of auto loans. The All-Loans Index declined 1% to 98.0 in January, reflecting that auto credit was harder to get in the month compared to December. The decline in access reflected conditions that were tightest since June … Continued

Cox Automotive Analysis: Nissan Quarterly U.S. Market Performance

4 min read

While the global chip situation is improving, it has not been quick enough for Nissan’s small, high-volume Sentra and Versa models, which has hampered U.S. sales. Nissan Motor Corporation reports financial results on Thursday, Feb. 9, for the October-December period, Nissan’s third quarter of its fiscal year 2022, which ends March 31, 2023. Despite inventory … Continued

Cox Automotive Analysis: Toyota Motor Corporation’s Quarterly U.S. Market Performance

4 min read

Toyota Motor Corporation posts financial results for the October-to-December quarter on Wednesday, Feb. 8, the automaker’s third quarter of its fiscal year. Like its Japanese competitors, Toyota Motor North America has had one of the lowest inventory levels in the U.S. for the past year, including the most recent quarter.  Throughout the past calendar year, … Continued

Wholesale Used-Vehicle Prices Increase in January

5 min read

Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) increased 2.5% in January compared to December. The Manheim Used Vehicle Value Index (MUVVI) rose to 224.8, down 12.8% from a year ago. January’s increase was driven in part by the seasonal adjustment. The non-adjusted price change in January was an increase of 1.5% … Continued

January Fleet Sales Significantly Higher Year Over Year

2 min read

Sales into large fleets, not including sales into dealer and manufacturer fleets, increased 58% year over year in January to 154,379 units, according to an early estimate from Cox Automotive. The large year-over-year gain was amplified by historic low fleet sales a year ago. Still, combined sales into large rental, commercial, and government fleets have … Continued

Cox Automotive Analysis: Honda Motor Company’s Quarterly U.S. Market Performance

4 min read

Honda Motor Company reported lower combined Honda and Acura U.S. sales in December, marking 17 straight months of decline. Sales for Honda’s third quarter of fiscal year 2023 – the October-December quarter – also dropped, making it the sixth consecutive quarter of declines. For the past year, Honda had the lowest inventory of any automaker in the U.S. Honda attributes … Continued

Cox Automotive Analysis: Ford Motor Company’s Q4 2022 U.S. Market Performance

5 min read

Driven in part by strength from its electric vehicles, Ford Motor Co. could deliver better-than-expected financial results for the final quarter of 2022 when it reports them on Thursday, Feb. 2, Wall Street analysts say. Ford is forecasted to be in the black for the quarter, following the third-quarter loss caused by one-time charges tied … Continued

Cox Automotive Analysis: General Motors’ Q4 2022 U.S. Market Performance

7 min read

General Motors closed 2022 on a high note, which could mean an upside surprise when the automaker reports earnings for the fourth quarter and full-year 2022 on Tuesday, Jan. 31. Financial analysts forecast that GM will report a 22% improvement in quarterly earnings from the fourth quarter of 2021 on revenue climbing to $42 billion. … Continued

Cox Automotive Analysis: Hyundai Motor’s Q4 2022 U.S. Market Performance

5 min read

Hyundai Motor Company, which includes the Hyundai, Kia and Genesis brands, had a best-ever fourth quarter in the U.S. on a number of fronts, which should help the South Korean automaker’s financial results that will be announced on Thursday, Jan. 26. The U.S., where Hyundai Motor sells all three brands and where Hyundai and Kia … Continued