News – Cox Automotive Inc.

New-Vehicle Inventory Holds Steady as Asking Prices Retreat at Month’s End 07/14/2022 The average listing price for new vehicles rose throughout June but began to retreat by the end of the month, while inventory held relatively steady, according to Cox Automotive’s analysis of vAuto Available Inventory data. 1.12M Total Inventoryas of June 27, 2022 38 Days' Supply $45,976 Average Listing Price The total U.S. supply of available unsold new vehicles stood at 1.12 million units at the end… Read Article

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Gas Prices Played a Role in Still-Low New-Vehicle Inventory in May 06/16/2022 Revised, July 14, 2022 – New-vehicle inventory remained at the same level it has been for months, according to Cox Automotive’s analysis of vAuto Available Inventory data, despite comments from some automotive executives that the global computer chip shortage is easing, and vehicle production is resuming to normal levels. 1.13M Total Inventoryas of May 30, 2022 35 Days' Supply $45,504 Average Listing Price As gas prices… Read Article

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New-Vehicle Inventory Remains Stuck in Neutral in April 05/18/2022 Revised, June 16, 2022 – New-vehicle inventory barely budged in April due to continued supply chain disruptions, according to a Cox Automotive analysis of vAuto Available Inventory data. Inventory of imports and small, fuel-efficient models were among the lowest due to strong demand driven in part by rising gas prices. Prices in April rose as well, with the average new vehicle listing price climbing again above… Read Article

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Supply of Fuel-Efficient Models Falls on Higher Gas Prices 04/13/2022 Revised May 18, 2022 – The supply of fuel-efficient models, like hybrids, small crossovers and small-to-midsize cars, was the lowest of all segments in March as gas prices soared, according to a Cox Automotive analysis of vAuto Available Inventory data. At the same time, overall new-vehicle inventory edged slightly higher while prices slipped again, staying below $45,000. 1.10M Total Inventoryas of March 28, 2022 34 Days'… Read Article

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New-Vehicle Supply Edged Higher; Prices Dipped Again 03/16/2022 Revised, April 13, 2022 – New-vehicle inventory edged higher in the last two weeks of February, though days’ supply fell from January, according to a Cox Automotive analysis of vAuto Available Inventory data. Prices slipped again, staying below $45,000. 1.07M Total Inventoryas of Feb. 28, 2022 35 Days' Supply $44,661 Average Listing Price The total U.S. supply of available unsold new vehicles stood at 1.07 million… Read Article

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New-Vehicle Supply Improving Slightly; Prices Retreat from Peaks 02/16/2022 Revised March 16, 2022 – New-vehicle inventory, boosted by growing supply from domestic automakers, edged higher in the last weeks of January, according to a Cox Automotive analysis of vAuto Available Inventory data. Prices retreated from their December peak, dipping below $45,000. 1.06M Total Inventoryas of Jan. 31, 2022 37 Days' Supply $44,814 Average Listing Price The total U.S. supply of available unsold new vehicles stood… Read Article

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New-Vehicle Supply Exceeds 1 Million Units as Domestic Automakers Build Inventory 01/14/2022 Revised, Feb. 16, 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. 1.09M Total Inventoryas of Dec. 20, 2021 35 Days' Supply $45,778 Average Listing Price The total U.S. supply… Read Article

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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

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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

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