SAAR Archives

Cox Automotive Forecast: New-Vehicle Sales Pace Remains Muted Despite Higher Inventory Levels 11/24/2023 Updated, Dec. 5, 2023 – Early indications suggest the new-vehicle sales pace in November came in at a seasonally adjusted annual rate of 15.3 million, aligned with the Cox Automotive forecast released late last month. Industry sales volumes were likely up more than 7% year over and year November and slightly higher than October. As noted in our forecast, new-vehicle sales typically gain momentum in the… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: Despite Ongoing UAW Strike, U.S. Auto Sales Pace in October Expected to Increase from September 10/25/2023 Updated, Nov. 2, 2023 – October new-vehicle sales in the U.S. continued showing healthy results, as forecast by Cox Automotive late last month, with enough buyers shrugging off high loan rates and staying in market. Initial estimates show that the seasonally adjusted annual rate (SAAR), or sales pace, came in right at the year-to-date average of 15.5 million, and sales volume was 1.20 million in October,… Read Article

new-vehicle sales sales forecast SAAR Press Releases

New-Vehicle Market Shrugs Off High Loan Rates, UAW Strike, Closes Q3 on a Strong Note; September Sales Forecast by Cox Automotive to be Up 13% Year Over Year 09/26/2023 Updated, Oct. 4, 2023 – As forecast by Cox Automotive late last month, new-vehicle sales in Q3 in the U.S. were solid, spurred on by vastly improved inventories, higher fleet sales and consumers still in market despite elevated prices and high auto loan rates. Initial estimates suggest the Q3 new-vehicle market finished slightly above Cox Automotive’s 15%, 3.93 million forecast, up from 3.42 million in Q3… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: With New-Vehicle Inventory at a Two-Year High, August Auto Sales Expected to Increase Nearly 19% Year Over Year 08/24/2023 ATLANTA, Aug. 24, 2023 – New-vehicle sales, when announced next week by automakers, are expected to once again show big gains over last year but a slight decline in the sales pace from last month. A key reason for the volume gain is new-vehicle inventory hitting its highest level in more than two years. Stronger fleet sales are also expected to support higher sales volumes. The… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: New-Vehicle Sales Accelerate in July 07/26/2023 Update, Aug. 2, 2023 – New-vehicle sales in July likely came in near 1.30 million, an increase of more than 15% over year-ago levels and very close to the Cox Automotive forecast (below) published last week. (Hat tip to our senior economist.) Vastly increased inventory levels and a general improvement in consumer sentiment are helping fuel stronger sales in the U.S. Recovering fleet business – notably… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: New-Vehicle Sales to Increase More Than 11% Year Over Year Through the First Half of 2023 06/27/2023 Updated, July 6, 2023 – In the first half of 2023, the U.S. new-vehicle market has been surprisingly strong, with sales volume increasing more quickly than forecast as the industry’s inventory issues faded. Sales in June, as we’ve seen in many months prior this year, surprised to the upside, with volume beating the Cox Automotive forecast. The June sales pace has been initially estimated at 15.7… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: New-Vehicle Sales In May Expected to Jump By 20% As Inventory Concerns Fade 05/25/2023 Updated, June 2, 2023 – Initial estimates of new-vehicle sales in May indeed suggest that year-over-year volume growth was even stronger than our forecast of 20.3%. New-vehicle inventory was at a two-year high heading into the month, and some automakers were beginning to turn up the volume on incentives. As expected, pent-up demand and improved inventory levels helped drive higher sales volumes. May is often a… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: New-Vehicle Sales Pick Up in April as Inventory Levels Continue to Improve 04/25/2023 Updated, May 3, 2023 – Fed by higher inventory levels and a healthy dose of fleet deliveries, April new-vehicle sales likely finished higher than the Cox Automotive forecast. As noted below, our team was expecting the annual sales pace in April to hit 15.1 million – a sizable increase from April 2022 – and initial estimates suggest the pace was even stronger, approaching 15.9 million. Solid… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: An Upside Surprise Expected for U.S. Auto Sales in Q1 2023 03/28/2023 Updated, April 3, 2023 – As the Cox Automotive Industry Insights team expected, new-vehicle sales in Q1 delivered solid year-over-year gains. Higher inventory levels and improved fleet sales combined to lift overall industry results. Honda and Nissan delivered stronger-than-expected vehicle sales in Q1; both GM and Ford had good results fueled by strong truck and SUV performance; and Tesla, buoyed by price cuts, saw big gains.… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: February New-Vehicle Sales Expected to Increase Year Over Year, Thanks to Improving Inventory, Fleet Sales Gains 02/22/2023 Updated, March 2, 2023 – The Cox Automotive Industry Insights team was expecting the auto market to deliver both year over year and month over month sales increases in February, and initial results indicate the sales gains were there. In fact, results likely beat the Cox Automotive forecast, with the sales pace likely reaching 14.9 million, above our 14.4 million forecast. Volume was near 1.13 million.… Read Article

new-vehicle sales sales forecast SAAR Press Releases