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8 min read
Cox Automotive March Forecast: Slow March Auto Sales to Cap Weakest Q1 in a Decade
03/28/2022
UPDATED, April 1, 2022 – With a trifecta of issues impacting the new-vehicle market in the first quarter – low inventory, low incentives, high prices – sales have mostly been stuck in low gear. Our Industry Insights team was expecting lower year-over-year sales and spoke to that point during the Q1 2022 U.S. Auto Sales Forecast and Industry Insights webcast earlier this week, and early data…
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new-vehicle sales
sales forecast
SAAR
Press Releases
3 min read
Cox Automotive February Forecast: Tight Inventory Keeps U.S. Auto Sales From Gaining Traction
02/23/2022
UPDATED, March 2, 2022 – February sales finished near 1.052 million, slightly below the Cox Automotive forecast, as tight new-vehicle inventory held back sales even more than expected. Since August, monthly sales volume has averaged near 1.05 million, and February was no exception. Until available supply at dealerships makes a significant improvement, the Cox Automotive Industry Insights team is forecasting new-vehicle sales will remain stuck at this million-unit level. As…
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Sales
new-vehicle sales
sales forecast
SAAR
Press Releases
3 min read
Cox Automotive January Forecast: U.S. Auto Sales Volume Holds Steady, Inventory Levels Remain Tight
01/26/2022
UPDATED, Feb. 3, 2022 – January new-vehicles sales came in at 998,000 according to our best estimates, just slightly below our forecast of 1.01 million, but well within our expectations for the industry. As noted in our forecast release, with inventory tight, sales volumes are stuck in the neighborhood of 1 million units a month. Sales in January were down approximately 10% from January 2021, which…
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new-vehicle sales
sales forecast
SAAR
Press Releases
5 min read
Cox Automotive Forecast: Slow Second Half Holds Full-Year Sales Below 15 Million for Second Straight Year
12/28/2021
UPDATED, Jan. 4, 2022 – Toyota beating General Motors in 2021 is a significant event and will be the dominant headline of 2021 sales reporting. General Motors had been the No. 1, top-selling automaker in the U.S. for generations, so Toyota on top is noteworthy. In all, we expect 2021 to finish near 15 million units, up only 3.5% from 2020. December sales appear to be finishing…
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new-vehicle sales
sales forecast
SAAR
Press Releases
4 min read
Cox Automotive Forecast: November Auto Sales Stuck in Low Gear As Consumers and Dealers Face Tight New-Vehicle Inventory and High Prices
11/29/2021
UPDATED, Dec. 2, 2021 – Based on our data and reports from the industry, it’s clear that November auto sales were well below year-ago levels. The sales pace last month was likely closer to 13 million, below our forecast of 13.4 and significantly lower than November 2020’s pace of 15.9 million. Sales in November were similar to October – slow. The chip shortage continues to constrain…
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new-vehicle sales
sales forecast
SAAR
Press Releases
4 min read
Cox Automotive Forecast: October New-Vehicle Sales Expected To Slow For Sixth Straight Month
10/27/2021
UPDATED, Nov. 3, 2021 – With new-vehicle inventory levels hovering around 1 million units in October, less than half the level of one year ago, the Cox Automotive Industry Insights team forecasted another month of relatively slow new-vehicle sales in October. And indeed, sales were down notably from one year ago, with some brands dropping more than 30% compared to October 2020. Final results will be…
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new-vehicle sales
sales forecast
SAAR
Press Releases
6 min read
Cox Automotive Forecast: New-Vehicle Sales Stall in September
09/27/2021
UPDATED, Oct. 4, 2021 – The Cox Automotive Industry Insights team was expecting U.S. auto sales to cool in the third quarter, following a strong second quarter that greatly reduced inventory. That outlook proved correct, with vehicle inventory falling even further than initially expected and new-vehicle sales in September finishing very near our forecasted volume of 1 million units, among the lowest for a month in…
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new-vehicle sales
sales forecast
SAAR
Press Releases
5 min read
Cox Automotive Forecast: August New-Vehicle Sales Pace Slowest of 2021 Due to Low Supply
08/25/2021
UPDATED Sept. 1, 2021 – With new-inventory extremely tight for most brands across the country, a slowdown in sales compared to July was widely expected. Initial reports indicate that tight inventory is now negatively impacting sales at nearly all brands. A few will ultimately squeeze out small year-over-year gains – Acura, Mazda – but a vast majority will be down in August. Given the severity of…
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new-vehicle sales
sales forecast
SAAR
Press Releases
4 min read
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…
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new-vehicle sales
sales forecast
SAAR
Press Releases
3 min read
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…
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new-vehicle sales
sales forecast
SAAR
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