News – Cox Automotive Inc.

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

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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

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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

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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

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Cox Automotive Forecast: Improved Inventory Levels, Higher Fleet Sales Expected to Support Improving January U.S. Auto Sales 01/25/2023 Updated, Feb. 2, 2023 – While January sales reporting is not yet complete, and our team’s analysis of the results won’t be finished until early next week, the month did produce some solid sales reports and signs of market strength. Strong numbers from Hyundai and Kia were the headline, and Honda posted a much-needed year-over-year increase. Other makers reported respectable year-over-year gains, with only Toyota reporting… Read Article

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Cox Automotive Forecast: U.S. Auto Sales Expected to Finish 2022 Down 8% Year Over Year, as General Motors Reclaims Top Spot, Honda and Nissan Fall Significantly 12/28/2022 Updated, Jan. 4, 2023 – While sales in December likely came in slightly higher than the initial Cox Automotive forecast, and above year-ago levels, the bottom-line result will hardly be cheered as a success. In fact, December sales continue to demonstrate a softening of retail demand, although demand has not collapsed. Sales in December, and in the months prior, were aided by improving new-vehicle inventory levels… Read Article

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Cox Automotive Forecast: November New-Vehicle Sales Expected to Jump 10.8% Year Over Year, as Inventory Levels Continue to Improve 11/28/2022 Updated, Dec. 1, 2022 – When considering the new-vehicle market in the U.S., the Cox Automotive Economics and Industry Insights team has been trying to balance two distinct market realities: supply and demand. For much of 2022, tight inventory (supply) has been an anchor holding back the market. And indeed, with inventory historically low, new-vehicle sales have been depressed. Through the end of Q3, the new-vehicle market… Read Article

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Cox Automotive October Forecast: New-Vehicle Inventory Levels Are Improving, But Sales Remain Low 10/25/2022 UPDATED, Nov. 2, 2022 – Spurred in part by improving inventory, early indications of new-vehicle sales in October suggest sales volumes will come in above the Cox Automotive forecast. Gains from October 2021 were all but guaranteed, as last October was a historically bad month for new-vehicle sales. But reports from Hyundai, Kia, Toyota and other Asian brands indicate total industry sales volumes may be higher… Read Article

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Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast as September Volumes Hold Steady at Low Level; Q3 Sales Nearly Equal to 2021 Levels 09/28/2022 UPDATED, Oct. 3, 2022 – With the books closing on third-quarter new-vehicle sales, the market indeed—as forecast—is stuck in a low gear. At a brand level, sales results are markedly inconsistent. Hyundai and Kia are confirming record results; General Motors and Toyota finished the quarter with strong numbers. Others, including Buick, Nissan and Honda, continue to struggle. At an industry level, just the opposite is true. New-vehicle sales… Read Article

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Cox Automotive Forecast: August U.S. Auto Sales Languish at Slow Pace With Persistent Headwinds 08/25/2022 UPDATED, Sept. 2, 2022 – Calendar year 2022 has provided plenty of great examples of, “I’ve never seen that before.” And that is certainly the case with August 2022 new-vehicle sales. The Cox Automotive Industry Insights team is tallying the August totals and will have more to share next week, but early indications are that overall sales were consistent with July and June before that. Our… Read Article

new-vehicle sales sales forecast SAAR Press Releases