Market Insights – Cox Automotive Inc.

Are New-Vehicle Prices Falling? It Depends on Where You Look. 10/31/2022 The fall is one of the best times of the year for sports fans: the World Series, NFL and college football, and the beginning of the NBA basketball season. And fans can’t miss the steady stream of automotive commercials during every TV time-out. The one question on the minds of today’s new-car shoppers watching these auto ads is, “When will I be able to find a… Read Article

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Cox Automotive October Forecast: New-Vehicle Inventory Levels Are Improving, But Sales Remain Low 10/25/2022 UPDATED, Nov. 2, 2022 – Spurred in part by improving inventory, early indications of new-vehicle sales in October suggest sales volumes will come in above the Cox Automotive forecast. Gains from October 2021 were all but guaranteed, as last October was a historically bad month for new-vehicle sales. But reports from Hyundai, Kia, Toyota and other Asian brands indicate total industry sales volumes may be higher… Read Article

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General Motors Holds Onto Top Spot, EV Sales Hit New Record, Tesla is Luxury Leader: Takeaways from Q3 2022 U.S. Auto Sales 10/14/2022 New-vehicle sales in the U.S. were remarkably stable through the third quarter of 2022. Sales volumes in July came in at 1.14 million units and followed in August at 1.14 million. September sales dropped a bit, to 1.12 million. In fact, the Q3 average of 1.13 million sales a month was aligned with the market average sales volume for the past year, which was, again, an… Read Article

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Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast as September Volumes Hold Steady at Low Level; Q3 Sales Nearly Equal to 2021 Levels 09/28/2022 UPDATED, Oct. 3, 2022 – With the books closing on third-quarter new-vehicle sales, the market indeed—as forecast—is stuck in a low gear. At a brand level, sales results are markedly inconsistent. Hyundai and Kia are confirming record results; General Motors and Toyota finished the quarter with strong numbers. Others, including Buick, Nissan and Honda, continue to struggle. At an industry level, just the opposite is true. New-vehicle sales… Read Article

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Cox Automotive Forecast: August U.S. Auto Sales Languish at Slow Pace With Persistent Headwinds 08/25/2022 UPDATED, Sept. 2, 2022 – Calendar year 2022 has provided plenty of great examples of, “I’ve never seen that before.” And that is certainly the case with August 2022 new-vehicle sales. The Cox Automotive Industry Insights team is tallying the August totals and will have more to share next week, but early indications are that overall sales were consistent with July and June before that. Our… Read Article

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10 Takeaways from U.S. Auto Sales: Q2 2022 07/19/2022 New-vehicle sales in Q2 were off by more than 20%, as tight inventory continues to hold back the market. High prices are certainly impacting some buyers, but the Industry Insights team at Cox Automotive continues to believe new-vehicle demand is relatively healthy and, with sufficient supply, sales volumes could be higher. At the end of Q2, Cox Automotive lowered its full-year forecast to 14.4 million new-vehicles… Read Article

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Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast as Persistent Supply Problems Continue to Hold Back Auto Industry 06/28/2022 UPDATED, July 5, 2022 – The Cox Automotive Industry Insights team had expected a year-over-year decline in June auto sales. The actual decline, however, was even greater than expected. Sales last month came in at approximately 1.125 million; the forecast was for 1.2 million. Some declines were particularly notable, with large year-over-year declines at Buick, Honda, Mazda, Nissan and others. The Honda drop was hard to… Read Article

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Cox Automotive Forecast: May Auto Sales Expected to Fall to Slowest Pace in 2022 05/25/2022 UPDATED, June 2, 2022 – May new-vehicle sales came in lower than the Cox Automotive forecast issued last week. Our team was expecting a year-over-year volume decline of roughly 28%; results indicate a drop of more than 29%. Auto sales in May are traditionally quite strong, spurred in part by the long Memorial Day Weekend. But that was not the case this year. Overall new-vehicle buying… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: No Relief in Sight as Slow New-Vehicle Sales Persist in April 04/27/2022 UPDATED, May 3, 2022 – While April sales are still being tallied by our teams, initial projections indicate total sales will come in near 1.2 million, down more than 20% from year-ago levels and very near our forecast released last week. As Cox Automotive Senior Economist Charlie Chesbrough noted earlier, the new-vehicle inventory situation has not materially changed and continues to hold new-vehicle sales in check.… Read Article

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10 Takeaways from U.S. Auto Sales: Q1 2022 04/20/2022 New-vehicle sales last quarter came in at 3.3 million, according to the latest Kelley Blue Book counts, a drop from 3.9 million in the first quarter of 2021. Sales in the quarter were down 15.7% year over year, but as the Cox Automotive Industry Insights team has repeatedly stated: There is NOT a demand problem in the market right now. There are plenty of interested—and… Read Article

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