The declining trend in new daily COVID-19 cases continued last week but the rate of decline slowed, and consumer sentiment is still declining. The Delta variant wave peaked in September and caused a slowing in the pace of real growth in the economy. Third-quarter real GDP grew only 2% following a 6.7% increase in the … Continued
UPDATED, Nov. 3, 2021 – With new-vehicle inventory levels hovering around 1 million units in October, less than half the level of one year ago, the Cox Automotive Industry Insights team forecasted another month of relatively slow new-vehicle sales in October. And indeed, sales were down notably from one year ago, with some brands dropping … Continued
Stellantis reports third-quarter 2021 financial results on the morning of Thursday, October 28. The earnings of the company formed early this year with the combination of PSA Group (Peugeot) and Fiat Chrysler will reflect the impact of the global computer chip shortage. In Europe, where Stellantis is headquartered, the automaker was forced to make many … Continued
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.
General Motors reports third-quarter 2021 financial results on the morning of Wednesday, October 27. The results will reflect GM’s production and inventory challenges due to the global computer chip shortage that cut into sales. In the U.S., which accounts for the bulk of GM’s revenue and profits, sales plunged by a third during the third … Continued
Ford reports third-quarter 2021 financial results after the stock market closes on Wednesday, Oct. 27. The results will show the continued impact of the production disruptions caused by the global computer chip shortage. Ford was hit early by the chip crisis. The automaker had to partially build vehicles, including its all-important F-150 pickup truck, and … Continued
The third quarter of 2021 ended a few weeks back, and the Cox Automotive team is still sifting through data to help showcase how the market performed. In the U.S., six major automakers accounted for 74.7% of the total Q3 sales volume, down from 76.7% in the same period of 2020. The market witnessed big … Continued
Existing home sales increased more strongly than expected in September and reached the highest pace of sales since January. The trend in new daily COVID-19 cases declined again last week as did new and continuing jobless claims, which fell to new pandemic lows. Still, however, consumer sentiment lost ground and, as a result, is down … Continued
During the Q3 2021 Manheim Used Vehicle Value Index call held earlier this month, we covered a significant amount of material. The Q&A session was robust, which we appreciate, and we ran out of time due to the volume of questions. While reviewing the remaining questions, we noticed that most fell into four major categories: … Continued
Revised, Nov. 22, 2021 – Used-vehicle inventory improved modestly in September as the average listing price kept climbing, now approaching nearly $27,000, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.28M Total UnsoldUsed Vehiclesend of September 42 Days’ Supply $26,548 Average Listing Price 67,384 Average Mileage The total supply of unsold used … Continued
