Market Insights – Cox Automotive Inc.

Cox Automotive Forecast: Tight Supply Puts Brakes on New-Vehicle Sales 07/27/2021 UPDATED August 4, 2021 – The automotive sales pace in July slowed substantially, as tight vehicle supply severely limited sales at some automakers. The Cox Automotive Industry Insight team had forecasted slowing sales, as available inventory at the start of July was at the lowest point in memory. Days of supply had dropped to 29, according to an analysis of vAuto Available Inventory data. Inventory levels have generally… Read Article

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May Sales Showcase Continued Strong Demand 06/02/2021 May automobiles sales are being reported by some automakers and early indications are results will be near the Cox Automotive forecast released last week. Our forecast called for year-over-year volume growth of near 40%, with market volume near 2019 levels. With the pandemic in the U.S. shifting to the rearview mirror, demand for new vehicles is BTN – Back to Normal. Inventory, however, continues to hold… Read Article

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Cox Automotive May Forecast: As Memorial Day Approaches, Tight Vehicle Inventory Slows Auto Sales 05/26/2021 ATLANTA, May 26, 2021 – According to a forecast released today by Cox Automotive, automobile sales in the U.S. are expected to be healthy in May, but down from April’s historic result. Sales are expected to finish at a seasonally adjusted annual rate (SAAR) of 16.5 million, with sales volume at 1.54 million. This is an improvement over last May’s COVID impacted 12.1 million SAAR and… Read Article

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Auto Sales Remain Healthy Even With Incentive Spending at 5-Year Low 04/30/2021 Cox Automotive is forecasting healthy auto sales in April, despite tight new-vehicle inventory limiting consumer choice. The forecast calls for sales of 1,360,000 vehicles in the month, a 90% jump from the pandemic-stricken sales volume of last year and up more than 2% from April 2019. Volume of 1.36 million will push the seasonally adjusted annual rate (SAAR) of sales to a healthy 16.5 million. Charlie… Read Article

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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… Read Article

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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 –… Read Article

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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… Read Article

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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… Read Article

new-vehicle sales sales forecast Press Releases

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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