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4 min read
Cox Automotive February Forecast: U.S. Auto Sales Remain Relatively Strong Despite Challenges
02/23/2021
ATLANTA, Feb. 23, 2021 – February sales when reported next week are expected to show a relatively strong vehicle market in the U.S., though slowing from January’s robust post-holidays pace. The seasonally adjusted annual rate (SAAR) of sales this month is forecast by Cox Automotive to be near 16.3 million, down from January’s 16.6 million level and below last year’s 16.8 million. However, given ongoing pandemic…
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new-vehicle sales
sales forecast
Press Releases
4 min read
Cox Automotive Forecast: Relatively Healthy Auto Sales Continue in January
01/26/2021
ATLANTA, Jan. 26, 2021 – January is normally the quietest month of the year for vehicle sales as buyers take a break after holiday shopping, but according to a Cox Automotive forecast released today, January 2021 U.S. auto sales are expected to be healthy, up from last month and down less than 4% from January 2020. The forecast volume decline of 3.7% from last year –…
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new-vehicle sales
sales forecast
Press Releases
4 min read
Cox Automotive December Forecast: Sales Pace Continues to Slow as 2020 Stumbles Across Finish Line
12/22/2020
ATLANTA, Dec. 22, 2020 – Boosted by year-end sales and extra selling days, light vehicle sales in the U.S. for December are expected to finish near 1.54 million, a 1.9% increase over last December. The gain is a bit misleading, however, as there are 28 shopping days this month, three more than last year and five more than last month. With that many extra days for…
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new-vehicle sales
sales forecast
Press Releases
3 min read
Cox Automotive October Forecast: U.S. Auto Sales Achieve Sixth Straight Month of Growth
10/28/2020
ATLANTA, Oct. 28, 2020 – U.S. auto sales for October are expected to show a still recovering market with the sales pace rising for the sixth straight month since April’s historic low. The seasonally adjusted annual rate (SAAR) of sales is expected to finish near 16.4 million, up slightly from September’s surprisingly strong 16.3 million rate but down from last year’s 16.8 million level, according to…
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new-vehicle sales
sales forecast
Press Releases
4 min read
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…
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new-vehicle sales
Market Insights
Data Point
1 min read
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…
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Economy & Trends
new-vehicle sales
sales forecast
Market Insights
Smoke on Cars
Commentary & Voices
4 min read
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…
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new-vehicle sales
sales forecast
new-vehicle inventory
Press Releases
4 min read
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…
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new-vehicle sales
News Coverage
4 min read
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…
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new-vehicle sales
used-vehicle sales
News Coverage