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

13-Month Rolling Used-Vehicle SAAR

Total used-vehicle sales were down 13% year over year in September, according to Cox Automotive estimates. This brought the seasonally adjusted annual rate (SAAR) of sales to 35.7 million*, down from 40.9 million last September and flat compared to August’s 35.7 million SAAR. Total used-vehicle sales volume last month was estimated at 3.0 million, marginally … Continued

10 Takeaways from U.S. Auto Sales: Q3 2021

Inventory was the auto industry’s story in the third quarter of 2021. More specifically, a lack of new-vehicle inventory. It was the same story for grocery stores and big-box chains: supply disruptions, parts shortages and COVID-19 outbreaks. In September, new-vehicle inventory was down nearly 60% from 2020. Sales suffered accordingly.   While certainly the central … Continued

New-Vehicle Affordability Declines to New Low in September

With market dynamics leading to record prices and at least a two-decade-low for incentives, new-vehicle affordability declined again in September. With income growth stalling, the decline in affordability is accelerating. The number of median weeks of income needed to purchase the average new vehicle in September increased to 40.8 weeks from an upwardly revised 39.2 … Continued

Jonathan Smoke Discusses Q3 Auto Sales and Market Outlook for the Remainder of 2021

CBT News, Oct. 14, 2021 – We continue to hear news of record pricing across the industry, so on today’s show, we’re learning where things stand today. Host of Inside Automotive Jim Fitzpatrick is pleased to welcome Cox Automotive Chief Economist Jonathan Smoke to discuss third quarter auto sales and he’ll also give us a … Continued

New-Vehicle Inventory Falls Below 1 Million in September, Prices Hit All-Time High

New-vehicle supply fell in September to new lows – fewer than a million vehicles were available for sale – and the average listing price set another record, surpassing $43,000, according to a Cox Automotive analysis of vAuto Available Inventory data. 915,089 Total Inventoryas of Sept. 20, 2021 30 Days’ Supply $43,103 Average Listing Price The … Continued

Average New-Vehicle Transaction Prices Top $45,000 for First Time, According to Kelley Blue Book

New-vehicle prices hit another all-time high in September 2021, marking the sixth straight record-setting month and surpassing $45,000 for the first time, according to a new report from Kelley Blue Book. At $45,031, the average transaction price (ATP) for a new vehicle was up 12.1% (or $4,872) from one year ago in September 2020 and … Continued

The Electric Vehicle Era: Good for People and the Planet – Cox Automotive Mobility White Paper

Cox Automotive Mobility’s latest white paper entitled Yes, the Electric Era is Here and It’s Good for People and the Planet explores the sustainability revolution that is underway, with EVs playing a significant role in the transportation present and future given their propensity to dramatically cut global warming emissions, charged by an ever-cleaner electricity grid. … Continued

Cox Automotive Auto Market Report: October 12

The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation.

CPO Sales Increase Slightly in September

Certified pre-owned (CPO) sales reached 228,118 units in September. This sales level reflects a 2% month-over-month increase and a 1% year-over-year increase when CPO sales continued their strong performance in September 2020 as an important part of the used-vehicle market recovery. CPO Sales With 2,163,380 units sold through September, year-to-date CPO sales are up 11% compared … Continued

Auto Credit Availability Expands Again in September, Getting Closer to Pre-Pandemic Access

Access to auto credit expanded slightly in September according to the Dealertrack Credit Availability Index for all types of auto loans. The All Loans Index increased 0.4% to 98.9 in September, reflecting that auto credit was slightly easier to get in the month compared to August. Access was looser by 5.5% year over year, but compared to February 2020, access was tighter by 0.3%. All loan types saw modest easing in September. Franchise Used … Continued