UPDATED, June 2, 2022 – May new-vehicle sales came in lower than the Cox Automotive forecast issued last week. Our team was expecting a year-over-year volume decline of roughly 28%; results indicate a drop of more than 29%. Auto sales in May are traditionally quite strong, spurred in part by the long Memorial Day Weekend. … Continued
The Cox Automotive Economic and Industry insights team’s goal is to help automotive industry stakeholders make the best decisions for the future. The 2022 Cox Automotive Market Insights & Outlook flipbook makes accessing key data and insights easy. This digital format allows readers to quickly find what they are looking for and can be downloaded as a PDF and … Continued
Welcome to the Cox Automotive Monthly Industry Update. This monthly presentation is new content offered by the Cox Automotive Industry Insights team. The goal is to provide a holistic look at the auto industry’s performance each month in video format. In this month’s video, Cox Automotive Research Manager Rebecca Rydzewski is joined by Senior Economist … Continued
The Kelley Blue Book Brand Watch™ Reports are a quarterly barometer of which brands are hot and which ones are not. Consumers who are shopping on KBB.com, who are in the market for a new vehicle within a year, are surveyed to find out what is driving their opinions and buying decisions. This study provides … Continued
CBT News, May 23, 2022 – Recently, Cox Automotive published the Q1 Kelley Blue Book Brand Watch Report, covering the non-luxury, luxury, and electrified segments. Joining anchor Jim Fitzpatrick on this edition of Inside Automotive is Vanessa Ton, Senior Research Manager at Cox Automotive, who discusses the study and some of its key findings.
ATLANTA, May 23, 2022 – To some dealers, it sounded too good to be true: a vibrant wholesale marketplace that could deliver value on both sides of the transaction. But that’s exactly what Cox Automotive set out to deliver with Upside™. With the first Upside Direct sales attracting strong participation, Cox Automotive is confident in … Continued
COVID cases increased again last week and exceeded levels seen at the same time last year. However, severity indicators, like fatalities and ICU admissions, remain at or near pandemic lows. COVID cases combined with the war in Ukraine, rising inflation and a volatile stock market are negatively impacting consumer sentiment. Retail sales increased solidly, indicating … Continued
Service revenue increased at U.S. franchised dealerships in April on fewer repair order tickets, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Volume Index decreased month over month in April. Meanwhile, the Repair Order Revenue Index increased month over month to the highest level for the index, dating back to … Continued
Revised, June 16, 2022 – A spring sales bounce that has been late coming and more spread out than expected has now led to used-vehicle supply holding largely steady in April, according to the Cox Automotive analysis of vAuto Available Inventory data. The average retail list price, however, resumed its upward trajectory, surpassing the $28,000 … Continued
Revised, June 16, 2022 – New-vehicle inventory barely budged in April due to continued supply chain disruptions, according to a Cox Automotive analysis of vAuto Available Inventory data. Inventory of imports and small, fuel-efficient models were among the lowest due to strong demand driven in part by rising gas prices. Prices in April rose as … Continued
