Market Insights – Cox Automotive Inc.

New-Vehicle Supply Exceeds 1 Million Units as Domestic Automakers Build Inventory 01/14/2022 New-vehicle inventory, particularly for domestic automakers, continued to climb, exceeding 1 million units near the end of December, according to a Cox Automotive analysis of vAuto Available Inventory data. Prices also kept rising, setting new records, with the average listing price exceeding $45,000. 1.098M Total Inventoryas of Dec. 20, 2021 35 Days' Supply $45,505 Average Listing Price The total U.S. supply of available unsold new vehicles… Read Article

new-vehicle inventory Market Insights Data Point

Still Low, New-Vehicle Supply Nears 1 Million Units, Average Price Surpasses $45,000 12/15/2021 Revised Jan. 14, 2022 – The new-vehicle supply rose to nearly 1 million units at the end of November, a level not seen since early August, according to a Cox Automotive analysis of vAuto Available Inventory data. The average listing price surpassed $45,000 in November for the first time ever. 935,100 Total Inventoryas of Nov. 22, 2021 30 Days' Supply $45,084 Average Listing Price “With supply… Read Article

Inventory new-vehicle inventory Market Insights Data Point

Strategic Inventory Management a Must in Low-Inventory Market 12/01/2021 November new-vehicle sales are forecast by our team to be modestly better than October, but down significantly from November 2020 and well off the 16-to-17 million sales pace the industry enjoyed prior to the global pandemic. Supply chain disruptions and the well-documented microchip shortages have had an enormous impact on both consumers and dealers. On-the-ground inventories are in some cases 15-to-20% of pre-pandemic levels, transaction prices… Read Article

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New-Vehicle Supply Edges Higher Suggesting Worst of Shortages Over 11/17/2021 Revised Dec. 15, 2021 – Still low by historical standards, new-vehicle supply closed higher at the end of October than a month earlier, while the average listing price hit another record high, closing in on $45,000, according to a Cox Automotive analysis of vAuto Available Inventory data. 920,959 Total Inventoryas of Oct. 25, 2021 31 Days' Supply $44,681 Average Listing Price “The higher inventory suggests the… Read Article

Inventory new-vehicle inventory Market Insights Data Point

New-Vehicle Inventory Falls Below 1 Million in September, Prices Hit All-Time High 10/14/2021 Revised Nov. 17, 2021 – 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. 885,773 Total Inventoryas of Sept. 20, 2021 31 Days' Supply $43,425 Average Listing Price The total U.S. supply of available unsold… Read Article

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Kelley Blue Book Reports Vehicle Shoppers Exiting Market as Inventory Shortages Continue to Plague Auto Industry 09/22/2021 August was the fourth straight month of slowing new-vehicle sales. The global chip shortage is the main culprit as the resulting dearth of inventory pushes prices to record highs. A second round of consumer research conducted by Kelley Blue Book finds that nearly half of car shoppers are exiting the market and delaying their purchase for the next several months due to the chip shortage. The… Read Article

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New-Vehicle Inventory Volume Drops in August, Days’ Supply Stabilizes 09/15/2021 Revised Oct. 14, 2021 – The total volume of new-vehicle inventory declined again in August, as automakers continue to struggle with production due to the computer chip shortage, according to a Cox Automotive analysis of vAuto Available Inventory data. The days’ supply has been holding steady over the past month. 1.01M Total Inventoryas of Aug. 23, 2021 29 Days' Supply $42,392 Average Listing Price The total U.S. supply… Read Article

Inventory new-vehicle inventory days' supply Market Insights Data Point

New-Vehicle Inventories Low but Starting to Stabilize 08/11/2021 After slumping to historic lows a month ago, new-vehicle inventory, based on days of supply, showed signs of stabilizing as the U.S. industry entered August, according to a Cox Automotive analysis of vAuto Available Inventory data. Still, overall inventory remains far lower than normal while average listing prices keep climbing. 1.11M Total Inventoryas of end of July 30 Days' Supply $41,840 Average Listing Price Topline data… Read Article

Inventory new-vehicle inventory days' supply Market Insights Data Point

New-Vehicle Inventories Slumped to Record Low as July Opened 07/14/2021 Revised August 1, 2021 – The U.S. auto industry entered July with historically low inventories that triggered record-high prices, according to a Cox Automotive analysis of the vAuto Available Inventory data. 1.34M Total Inventoryas of June 21, 2021 29 Days' Supply $40,999 Average Listing Price The total U.S. supply of available unsold new vehicles stood at 1.34 million vehicles as June closed. That was down from… Read Article

Inventory new-vehicle inventory days' supply Market Insights Data Point

New-Vehicle Inventories Continue to Drop, Reach Record Low In May 06/11/2021 The auto industry entered June with historically low inventories of unsold new vehicles due to continued strong sales and further production disruptions caused mostly by the global computer chip shortage, according to a Cox Automotive analysis of the vAuto Available Inventory data. 1.78 Total Inventory 35 Days' Supply $40,566 Average Listing Price The total U.S. supply of available unsold new vehicles stood at 1.78 million units… Read Article

Inventory new-vehicle inventory days' supply Market Insights Data Point