SAAR Archives

Cox Automotive Forecast: New-Vehicle Sales in June Slow from Accelerated Spring Pace; Second Quarter Sales to Finish Higher Year Over Year, As Large Automakers Gain Share 06/25/2025 Updated, July 2, 2025 – In the first half of 2025, the new-vehicle market showed strong momentum, with sales significantly outpacing last year. Preliminary estimates indicate that new-vehicle sales in June closely aligned with the Cox Automotive forecast, as the final month of the first half marked sales of 1.25 million units and a seasonally adjusted annual rate (SAAR) of vehicle sales at 15.3 million. This… Read Article

new-vehicle sales sales forecast tariffs SAAR Press Releases

Cox Automotive Forecast: May New-Vehicle Sales To Cool After Tariff-Fueled Surge, 16M SAAR Expected 05/27/2025 Updated, June 4, 2025 – As expected, the cumulative challenges of the tariff uncertainty and vehicle affordability are beginning to show up in the new-vehicle sales numbers. In May, according to initial estimates, new-vehicle sales were close to 1.47 million units, generally flat versus April and higher by 2.5% from year-ago levels. The numbers came in slightly lower than the Cox Automotive May forecast below. Importantly, the seasonally adjusted annual… Read Article

new-vehicle sales sales forecast tariffs SAAR Press Releases

Cox Automotive Forecast: Tariff Concerns Drive New-Vehicle Sales Growth in April, As Inventory Tightens 04/23/2025 Updated, May 2, 2025 – New-vehicle sales in April finished near 1.46 million according to initial estimates, above even Cox Automotive’s positive forecast below. Our Industry Insights team had been expecting solid sales in April, spurred on by concerns of higher prices on the horizon. As expected, though, sales in April were lower than in March, as the early-in-the-month frenzy cooled off some as the weeks… Read Article

new-vehicle sales sales forecast tariffs SAAR Press Releases

Cox Automotive Forecast: First Quarter New-Vehicle Sales Expected to Increase Year over Year as Market Momentum Shows Signs of Fading 03/26/2025 Updated, April 2, 2025 – Initial industry estimates of new-vehicle sales in March suggest nearly 1.56 million units were sold, beating the Cox Automotive forecast by a large margin; our team had expected volume in March to be 1.43 million, a decline from 2024 levels. In fact, sales in March were higher year over year and not just by a little. The seasonally adjusted annual rate (SAAR)… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: New-Vehicle Sales in February Expected to Rebound After Slow January, 16.3 Million SAAR Anticipated 02/24/2025 Updated, March 4, 2025 – February new-vehicle sales likely finished slightly below the Cox Automotive forecast, with volume close to 1.22 million, lower than the forecast of 1.25 million. The initial February SAAR – the seasonally adjusted annual rate of sales, or sales pace – is now estimated at 16.0 million, ahead of January and the year-ago February pace, but the Cox Automotive Economic and Industry… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: January U.S. Auto Sales Expected to Gain More Than 5% Year over Year Despite Harsh Winter Weather 01/27/2025 Updated, Feb. 4, 2025 – New-vehicle sales in January increased compared to year-ago levels, as our team had expected, but initial results indicate that market volume likely came in slightly below our forecast. The Cox Automotive forecast called for year-over-year growth of 5.2%, but early estimates suggest the increase was closer to 4%, as some automakers posted record January volume and others saw declines from January… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: Driven by a Strong Q4 and a Post-Election Boost, U.S. Auto Sales Beat Expectations in 2024, Expected to Finish Above 15.8 Million, Best Result Since 2019 12/17/2024 Updated, Jan. 6, 2025 – New-vehicle sales in 2024 finished near 16.0 million, according to estimates from Cox Automotive’s Kelley Blue Book, an increase of just over 2% from 2023 and the best year for volume since the pandemic. Total new-vehicle sales ended the year strong, just above the Cox Automotive new-vehicle sales forecast. Nearly every automaker posted higher sales year over year in 2024, with… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: November New-Vehicle Sales Pace Holds Steady as Market Appears Poised to End 2024 on a Strong Note 11/26/2024 Updated, Dec. 4, 2024 – U.S. auto sales in November 2024 beat expectations, showcasing strong momentum as the year approaches its close. While initial forecasts anticipated a sales pace of 16.0 million with a volume of 1.32 million vehicles, the latest data suggests the industry is on track to hit a seasonally adjusted annual rate (SAAR) of 16.5 million – the strongest pace in over three… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: October New-Vehicle Sales Steady, Volume Expected to Rise Despite Election Uncertainties and Weather Events 10/24/2024 Updated, Nov. 4, 2024 – Supported by higher incentives, solid inventory levels, and generally improving consumer sentiment, new-vehicle sales in October likely came in slightly higher than the Cox Automotive forecast. Initial estimates put total new-vehicle sales at 1.33 million units last month, a gain of 11% from October 2023. Cox Automotive had forecast 1.31 million sales, an 8% year-over-year gain. Business disruptions following two major… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Leaves 2024 New-Vehicle Sales Forecast Unchanged as September Volume Drops; Year-to-Date Sales Up Less Than 1% Compared to 2023 09/25/2024 Updated, Oct. 3, 2024 – New-vehicle sales in September came in near 1.17 million, down 12.8% year over year and roughly in line with the Cox Automotive forecast of 1.19 million. Thanks to seasonal adjustments, the new-vehicle sales pace, or seasonally adjusted annual rate (SAAR), was 15.8 million in September, lower than the forecast of 15.9 million but a healthy gain from last month’s 15.3 million pace… Read Article

new-vehicle sales sales forecast SAAR Press Releases