News – Cox Automotive Inc.

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. 1.78M Total Inventory 35 Days' Supply Average Listing Price The total U.S. supply of available unsold new vehicles stood at 1.78 million units as… Read Article

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Record April Sales Deplete May New-Vehicle Inventory 05/14/2021 Record April sales significantly depleted the inventory of new vehicles for the usually booming month of May, a situation exacerbated by production disruptions caused by the global computer chip shortage, according to a Cox Automotive analysis of the vAuto Available Inventory data. 2.24M Total Inventory 44 Days' Supply Average Listing Price The total U.S. supply of available unsold new vehicles stood at 2.24 million as April… Read Article

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

U.S. New-Vehicle Shoppers Expect Limited Choices, High Prices 05/11/2021 ATLANTA, May 11, 2021 – New consumer research conducted by Kelley Blue Book indicates consumers in-market for a new automobile are expecting to be greeted by limited choices and high prices. The research, which involved surveying consumers during the final full week of April, found that three out of four in-market shoppers—those likely to purchase within a year—are familiar with the global microchip shortage and its impact on… Read Article

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Eyes Wide Open: New Study Shows Car Shoppers Expect Higher Prices, Low Inventory 05/07/2021 You’ve likely seen with your own eyes the havoc being wreaked in the auto industry by the global microchip shortage. Drive through Dearborn, Michigan, home of Ford Motor Company and the company’s Dearborn Truck Plant, and it’s hard to miss: New Ford F-150 pickup trucks – the best-selling vehicle in America – are packed into previously vacant parking lots, built but not complete for the lack… Read Article

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New-Vehicle Inventory Evaporating on Strong Sales 04/14/2021 Robust March sales rapidly drew down new-vehicle inventory to the lowest levels in some time just as the spring selling season got rolling, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.66M Total Inventory 59 Days' Supply $39,717 Average Listing Price The total U.S. supply of available unsold new vehicles stood at 2.66 million as March drew to a close, down from 2.82… Read Article

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

New-Vehicle Inventory and Prices Climb in February 03/11/2021 New-vehicle inventory climbed through February due to slower sales caused by winter storms, but it remains lower than year-ago levels as prices keep rising, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.82M Total Inventory 78 Days' Supply $40,178 Average List Price The total U.S. supply of available unsold new vehicles stood at 2.82 million as February closed. It was the highest inventory… Read Article

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

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

Inventory new-vehicle inventory Market Insights Data Point