Cox Automotive is forecasting healthy auto sales in April, despite tight new-vehicle inventory limiting consumer choice. The forecast calls for sales of 1,360,000 vehicles in the month, a 90% jump from the pandemic-stricken sales volume of last year and up…
Ford Motor Co. will report its first-quarter 2021 earnings Wednesday, April 28, after the stock market closes. Wall Street analysts expect Ford’s results to benefit from rising vehicle sales in North America and China as well as its richer mix…
Used-vehicle inventory tumbled through March to lows not seen since last summer, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.34M Total Unsold Used Vehicles end of March 33 Days’ Supply $21,343 Average Listing Price The total…
In order to provide actionable, timely insights, the Cox Automotive Economic & Industry Insights team is publishing its mid-month view of the wholesale market, including wholesale prices. The posted material provides commentary and an updated look at the Manheim Used…
The Kelley Blue Book data team counted 3,908,738 automobiles sold in the first quarter of 2021, a healthy increase from the same period a year ago and helped by building momentum in March. The total sales for the quarter might…
The estimated average transaction price for a light vehicle in the United States was $40,472 in March 2021, according to the valuation analysts at Kelley Blue Book. New-vehicle prices increased $1,660 (up 4.3%) from March 2020, while falling $608 (down 1.5%) from February 2021. For the fifth straight month, affordability improved in March, according to the Cox Automotive/Moody’s…
For the fifth straight month, affordability improved in March, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. The number of median weeks of income needed to purchase a new vehicle declined to 31.8 weeks from an upwardly revised 32…
Q1 2021 was big for electrified vehicles. In all, electrified vehicles – the combined total of EVs, hybrids and plug-in hybrids – accounted for 7.8% of the total sales last quarter, up from 4.8% in the same period one year…
Robust March sales rapidly drew down new-vehicle inventory to the lowest levels in some time just as the spring selling season got rolling, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.66M Total Inventory 59 Days’ Supply…
The certified pre-owned (CPO) market had a record-breaking month in March by setting a historic high. For March, 286,061 CPO units were sold, beating the last record high set in March 2019 of 265,878 units. Sales of CPO vehicles increased…
