News – Cox Automotive Inc.

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 ATLANTA, Sept. 28, 2022 – September U.S. auto sales, when confirmed next week, are expected to show a new-vehicle market mostly unchanged from previous months and still stuck in low gear. According to the Cox Automotive forecast released today, September U.S. new-vehicle sales are expected to finish near 1.10 million units, with a sales pace, or seasonally adjusted annual rate (SAAR), of 13.3 million. Sales volume… 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

Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast as Persistent Supply Problems Continue to Hold Back Auto Industry 06/28/2022 UPDATED, July 5, 2022 – The Cox Automotive Industry Insights team had expected a year-over-year decline in June auto sales. The actual decline, however, was even greater than expected. Sales last month came in at approximately 1.125 million; the forecast was for 1.2 million. Some declines were particularly notable, with large year-over-year declines at Buick, Honda, Mazda, Nissan and others. The Honda drop was hard to… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: May Auto Sales Expected to Fall to Slowest Pace in 2022 05/25/2022 UPDATED, June 2, 2022 – May new-vehicle sales came in lower than the Cox Automotive forecast issued last week. Our team was expecting a year-over-year volume decline of roughly 28%; results indicate a drop of more than 29%. Auto sales in May are traditionally quite strong, spurred in part by the long Memorial Day Weekend. But that was not the case this year. Overall new-vehicle buying… Read Article

new-vehicle sales sales forecast SAAR Press Releases

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… Read Article

new-vehicle sales sales forecast SAAR Press Releases

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… Read Article

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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… Read Article

new-vehicle sales sales forecast SAAR Press Releases

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… Read Article

new-vehicle sales sales forecast SAAR Press Releases

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… Read Article

new-vehicle sales sales forecast SAAR Press Releases

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… Read Article

new-vehicle sales sales forecast SAAR Press Releases