sales forecast Archives

Cox Automotive Forecast: October New-Vehicle Sales Expected To Slow For Sixth Straight Month 10/27/2021 ATLANTA, Oct. 27, 2021 – October U.S. auto sales are forecast to be hit hard by supply limitations from the chip shortage, resulting in a fresh low point for the 2021 market. According to a forecast released today by Cox Automotive, the sales pace, or seasonally adjusted annual rate (SAAR), in October is expected to fall to 11.8 million units, down from September’s 12.2 million pace… Read Article

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2021 Cox Automotive Forecasts 09/30/2021 Cox Automotive provides forecasts on the new and used vehicle markets as well as leasing, fleet and CPO sales and the Manheim Used Vehicle Value Index. The Industry Insights team reviews the forecasts quarterly and updates them as changes in the market dictate. Download the 2021 Forecasts. If you would like to speak with a member of the Cox Automotive Industry Insights team, please contact us. Read Article

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Cox Automotive Forecast: New-Vehicle Sales Stall in September 09/27/2021 UPDATED, Oct. 4, 2021 – The Cox Automotive Industry Insights team was expecting U.S. auto sales to cool in the third quarter, following a strong second quarter that greatly reduced inventory. That outlook proved correct, with vehicle inventory falling even further than initially expected and new-vehicle sales in September finishing very near our forecasted volume of 1 million units, among the lowest for a month in… Read Article

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Cox Automotive Forecast: August New-Vehicle Sales Pace Slowest of 2021 Due to Low Supply 08/25/2021 UPDATED Sept. 1, 2021 – With new-inventory extremely tight for most brands across the country, a slowdown in sales compared to July was widely expected. Initial reports indicate that tight inventory is now negatively impacting sales at nearly all brands. A few will ultimately squeeze out small year-over-year gains – Acura, Mazda – but a vast majority will be down in August. Given the severity of… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Forecast: Tight Supply Puts Brakes on New-Vehicle Sales 07/27/2021 UPDATED August 4, 2021 – The automotive sales pace in July slowed substantially, as tight vehicle supply severely limited sales at some automakers. The Cox Automotive Industry Insight team had forecasted slowing sales, as available inventory at the start of July was at the lowest point in memory. Days of supply had dropped to 29, according to an analysis of vAuto Available Inventory data. Inventory levels have generally… Read Article

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Cox Automotive June Forecast: Tight Inventory, High Prices Slow New-Vehicle Sales 06/28/2021 ATLANTA, June 28, 2021 – June U.S. new-vehicle sales are expected to showcase a market still well above last year’s levels but one that is slowing after a frenzied spring buying season. Vehicle sales in June are forecast by Cox Automotive to fall to a seasonally adjusted annual rate (SAAR) of 16.4 million, up from last year’s 13.0 million but down from May’s 17.0 million pace. … Read Article

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Cox Automotive May Forecast: As Memorial Day Approaches, Tight Vehicle Inventory Slows Auto Sales 05/26/2021 ATLANTA, May 26, 2021 – According to a forecast released today by Cox Automotive, automobile sales in the U.S. are expected to be healthy in May, but down from April’s historic result. Sales are expected to finish at a seasonally adjusted annual rate (SAAR) of 16.5 million, with sales volume at 1.54 million. This is an improvement over last May’s COVID impacted 12.1 million SAAR and… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive April Forecast: Hot New-Vehicle Sales Pace Expected to Continue 04/28/2021 ATLANTA, April 28, 2021 – April U.S. auto sales, when announced next week, are expected to reveal a very hot new-vehicle market. The April sales pace is expected to finish near 16.5 million, which is down from last month’s robust 17.7 million level but still a healthy pace for the industry. Sales in March were especially strong due in part to some February sales being delayed as… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive March Forecast: U.S. Auto Sales Pick Up Pace Heading Into Spring 03/26/2021 ATLANTA, March 26, 2021 – March U.S. auto sales, when reported next week, will show strong growth over February’s pace and a significant increase over last year’s pandemic hit numbers. The seasonally adjusted annual rate (SAAR) of sales this month is forecast by Cox Automotive to hit 16.5 million, up from February’s 15.7 million pace and well above last March’s dismal 11.4 million level. Sales volume is forecast… Read Article

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Cox Automotive February Forecast: U.S. Auto Sales Remain Relatively Strong Despite Challenges 02/23/2021 ATLANTA, Feb. 23, 2021 – February sales when reported next week are expected to show a relatively strong vehicle market in the U.S., though slowing from January’s robust post-holidays pace. The seasonally adjusted annual rate (SAAR) of sales this month is forecast by Cox Automotive to be near 16.3 million, down from January’s 16.6 million level and below last year’s 16.8 million. However, given ongoing pandemic… Read Article

new-vehicle sales sales forecast SAAR Press Releases