Market Insights – Cox Automotive Inc.

Chip Shortage Still No Major Disruptor of Inventory 03/04/2021 Vehicle models affected by the global shortage of computer chips that forced automakers to trim production continue to have a healthy supply, with some exceptions, according to a Cox Automotive analysis of vAuto Available Inventory data. In the U.S., about 30 models are affected by the chip shortage based on AutoForecast Solutions’ analysis of plants that have experienced production cuts due to the shortage. It seems likely… Read Article

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New-Vehicle Inventory Rises through January; Average List Price Retreats 02/11/2021 New-vehicle inventory edged higher throughout January but remains far lower than a year ago, while the average list price retreated from its early January peak, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.79M Total Inventory 66 Days' Supply $40,474 Average List Price The total U.S. supply of available unsold new vehicles stood at 2.79 million vehicles as January closed. That compares with… Read Article

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Most Dealers and Consumers Unaffected by Chip Shortage, So Far 02/09/2021 Dealers and consumers in the U.S. should not see shortages of most models affected by the shortage of computer chips as there is ample vehicle inventory, according to a Cox Automotive analysis of vAuto Available Inventory data. The global shortage of computer chips for vehicles has caused automakers around the world to trim production. Nearly every major automaker in all regions has been hit, including automakers… Read Article

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Lower Incentives, Higher Sales: The U.S. Auto Industry Carries Momentum Into 2021 02/01/2021 January U.S. auto sales will be confirmed by many automakers on Tuesday, and the Cox Automotive Industry Insights team is forecasting healthy numbers. Our forecast, shared last week, calls for volume of approximately 1.1 million vehicles, down from a year ago, but moving at a good pace similar to last month. The January seasonally adjusted annual rate (SAAR) is expected to be near 16.3 million, a sales pace that places the industry on course… Read Article

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New-Vehicle Inventory Stabilizes While Average Listing Price Soars Past $40,000 01/14/2021 New-vehicle inventory held steady heading into the new year, while the average listing price soared past the $40,000 mark throughout December, according to a Cox Automotive analysis of vAuto Available Inventory data. 3M Total Inventory 70 Days' Supply $40,684 Average List Price The total U.S. supply of available unsold new vehicles stood at 3 million vehicles in December, marking the first time that supply hit 3… Read Article

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Inventory Builds as Sales Slow, but List Prices Keep Climbing 12/09/2020 With factories back to nearly full production and sales slowing, new-vehicle inventory climbed during November though it remains below normal, according to a Cox Automotive analysis of vAuto Available Inventory data. List prices also rose. 2.87M Total Inventory 75 Days' Supply $39,953 Average List Price The total U.S. supply of available unsold new vehicles stood at 2.87 million as December opened. That is up from 2.67… Read Article

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Worst of the New-Vehicle Inventory Crunch Has Passed 11/11/2020 The worst of the new-vehicle inventory crunch appears to be over, according to a Cox Automotive analysis of vAuto Available Inventory data. Auto plants have ramped up and are re-filling the product pipeline, causing new-vehicle supply to vastly improve from the past several months. However, inventories remain well below year-ago levels. 2.67M Total Inventory 65 Days' Supply $39,346 Average Listing Price The total U.S. supply of… Read Article

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Cox Automotive Forecast: U.S. Auto Sales Continue V-Shaped Recovery in Third Quarter 09/28/2020 ATLANTA, Sept. 28, 2020 – Auto sales in the U.S. are forecast to continue their COVID-19 recovery in September as the new-vehicle sales pace should increase over last month. The seasonally adjusted annual rate (SAAR) is likely to reach 15.5 million, a modest improvement over August’s 15.2 million, and the fifth consecutive month of sales pace improvement after April’s historic low, according to a forecast released… Read Article

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Where the Buys Are 09/24/2020 With the supply of new vehicles falling every week, some favorite vehicles are in extremely short supply, but others have abundant – even overabundant – inventory that could represent good value and wide choice for consumers. In total, new-vehicle inventory slipped again last week, down to 56 days’ supply from 58 only two weeks ago, according to a Cox Automotive analysis of vAuto Available Inventory data.… Read Article

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New-Vehicle Inventory, Especially Luxury, in Freefall 09/10/2020 The supply of new vehicles is in freefall as the inventory of unsold new vehicles fell again in August with luxury inventory plummeting, according to a Cox Automotive analysis of vAuto Available Inventory data. The total U.S. supply of unsold new vehicles stood at 2.26 million units as of Aug. 31, down from 2.33 million at the end of July and down from 3.13 million at… Read Article

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