Market Insights – Cox Automotive Inc.

10 Takeaways from U.S. Auto Sales: Q3 2020 and COVID-19 10/13/2020 If there’s one word to describe the U.S. automobile business, it might well be resilient. From a pretty awful Q2, when much of the industry was closed and sales volume had dropped by an alarming amount, auto sales came roaring back in Q3. Analysts across the country are remaking their forecasts – Cox Automotive analysts included – and auto dealers are feeling pretty confident about business… Read Article

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Q3 2020 Cox Automotive U.S. Sales Forecast Call Replay Available 09/28/2020 During the Q3 2020 Cox Automotive U.S. Auto Sales Forecast Call held on Monday, Sept. 28, Chief Economist Jonathan Smoke was joined by Charlie Chesbrough, senior economist, Zo Rahim, manager of economic and industry insights, and Vanessa Ton, senior manager of market intelligence. Watch the event replay below to see how the auto industry performed in the third quarter, how consumer and dealer behavior is changing due… 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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As sales slip, factories stay disciplined 08/06/2018 That second-half slowdown nearly everyone predicted — even as first-half sales were outpacing 2017 levels — has turned up right on schedule. U.S. light-vehicle sales fell an estimated 3.7 percent in July and the seasonally adjusted annual rate slipped to 16.73 million — the weakest monthly SAAR since Hurricane Harvey upended the industry last August. It was the first time this year the annual selling rate… Read Article

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2 factors perhaps driving rise in used-vehicle sales 08/03/2018 The retail used-vehicle market is likely benefitting — at the moment, at least — from pulling over and pulling ahead. That is to say, a value proposition that is pulling would-be buyers of traditional cars in the new market over to the used market; and the specter of proposed automotive tariffs that may be leading dealers to buy used inventory ahead of such measures going into… Read Article

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