SAAR Archives

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

Cox Automotive Forecast: August U.S. Auto Sales Show Stability Amid Seasonal and Labor Day Boost 08/28/2024 Updated, Sept. 6, 2024 – New-vehicle sales volumes increased month over month and year over year in August, as forecast by Cox Automotive. Year-over-year sales volumes last month are now estimated at 1.42 million, slightly lower than our team’s 1.44 million forecast. Indications are that fleet sales were notably lower year over year – down by more than 21%. Fleet sales in August accounted for approximately 11.6%… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: New-Vehicle Sales Pace Expected to Rebound After June Disruptions 07/25/2024 Update, August 2, 2024 - New-vehicle sales in July, as forecast last week, mostly rebounded from a temporary sales slowdown driven largely by a widespread dealer software outage in the second half of June. While the June sales pace has been revised lower, to a surprisingly slow 15.2 million, the market seemingly got back on track in July with sales volume near 1.27 million, slightly lower… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: US Auto Sales Expected to Finish First Half Higher by 2.9%, in Line With Expectations for Slow Growth 06/25/2024 Update, July 3, 2024 – Initial numbers indicate that new-vehicle sales volume was down year over year by more than 3%; we were forecasting a slight increase. The sales pace last month is now being pegged at 15.3 million (SAAR), well below our forecast of 16.0 million. And all these numbers will likely be revised, as the CDK outages at many dealerships may delay full and final June… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: Despite Higher Incentives and Improved Inventory, New-Vehicle Sales Growth Remains Modest in May 05/23/2024 Updated, June 4, 2024 – The new-vehicle sales pace in May surprised to the upside, as higher inventory levels and more aggressive deal-making helped push the May sales pace slightly higher than the Cox Automotive forecast of 15.8 million. Our team was expecting a positive result in May, a gain compared to April and higher year over year, as inventory levels at the start of May… Read Article

new-vehicle sales sales forecast SAAR Press Releases