News – Cox Automotive Inc.

New-Vehicle Inventory Falls Below 1 Million in September, Prices Hit All-Time High 10/14/2021 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. 915,089 Total Inventoryas of Sept. 20, 2021 30 Days' Supply $43,103 Average Listing Price The total U.S. supply of available unsold new vehicles stood at 915,089… 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

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 $39,633 Average Listing Price The total U.S. supply of available unsold new vehicles stood at 2.24 million as… 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