Cox Automotive Forecast: November New-Vehicle Sales Expected to Jump 10.8% Year Over Year, as Inventory Levels Continue to Improve

News Press Releases 5 min read

Updated, Dec. 1, 2022 – When considering the new-vehicle market in the U.S., the Cox Automotive Economics and Industry Insights team has been trying to balance two distinct market realities: supply and demand. For much of 2022, tight inventory (supply) has been an anchor holding back the market. And indeed, with inventory historically low, new-vehicle sales … Continued

Auto Market Weekly Summary: November 28

3 min read

The release of new data was limited last week due to the Thanksgiving holiday. What news there was represented a mixed bag. New home sales were stronger than expected. Jobless claims increased. Consumer sentiment showed mixed views. The Fed released not surprising notes from its November meeting. New Home Sales and Inventory Deliver Surprising Increases … Continued

Cox Automotive Auto Market Report: November 22

5 min read

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.

Manheim Market Insights Series: Episode 3

1 min read

Welcome to the monthly Manheim Market Insights update. This monthly video is content offered by Kevin Chartier, vice president of Manheim Market Insights. In this video, Chartier shares a few of his thoughts on what we are seeing in the used wholesale and retail markets; all through the wide lens of data available from Cox … Continued

Auto Market Weekly Summary: November 21

5 min read

Retail sales growth accelerated in October and was stronger than expected. Adjusted for inflation, retail sales were up slightly from a year ago. Residential construction slowed again in October, with single-family activity driving much of the decline. Existing home sales declined in October for the ninth straight month. Initial jobless claims declined in the latest … Continued

Cox Automotive Monthly Industry Update Video Series – Episode 7

1 min read

The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format.  In Episode 7, Cox Automotive Executive Analyst Michelle Krebs is joined by Research Manager Rebecca Rydzewski, Research Manager Quentin Wallace … Continued

Service Activity Increases While Revenue Sees Modest Decline in October, according to Xtime Metrics

2 min read

Service activity increased while service revenue decreased slightly at U.S. franchised dealerships in October, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Volume Index increased modestly, while the Repair Order Revenue Index slipped slightly to just below the record high set in September. The monthly Xtime volume and revenue metrics … Continued

Wholesale Used-Vehicle Prices See Modest Increase in First Half of November

4 min read

Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.4% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index rose to 200.7, which was down 13.7% from the full month of November 2021. The non-adjusted price change in the first half of November was a … Continued

Average Used-Vehicle Asking Price Falls to Lowest Level Since April

2 min read

Revised, Dec. 16, 2022 – Used-vehicle asking prices fell throughout the month of October to their lowest average since April as inventory matches pre-pandemic 2019 levels, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.44M Total UnsoldUsed Vehiclesas of Oct. 31, 2022 53 Days’ Supply $27,578 Average Listing Price 70,067 Average Mileage … Continued

A Breakdown of U.S. Auto Industry Performance in October with Charlie Chesbrough

News 1 min read

CBT News, Nov. 16, 2022 – New-vehicle sales volume has been stuck around the 1.1 million mark for several months. On today’s Inside Automotive, Charlie Chesbrough, senior economist and senior director of industry automotive of Cox Automotive, shares his take on how the U.S auto industry fared in October of 2022. “The October sales were a … Continued