sales forecast Archives

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

new-vehicle sales sales forecast SAAR Press Releases

2022 Cox Automotive Forecasts 09/28/2022 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. The 2022 forecasts were presented during the Cox Automotive Q3 2022 Industry Insights and Sales Forecast Call on September 28. Download the 2022… Read Article

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Cox Automotive Q3 2022 Industry Insights and Forecast Presentation Available 09/28/2022 The Cox Automotive Q3 Industry Insights and Sales Forecast Call will be held today at 11 a.m. EDT. The presentation is now available for download. The September and Q3 sales forecast press release will be published in the Newsroom after the conclusion of the call. Download the Presentation. During the webcast, Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough and Economic and Industry Insights Senior Manager Chris Frey… Read Article

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One Day to Go! Cox Automotive Q3 Industry Insights and Forecast Call – Wednesday, September 28 09/27/2022 Register now to join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team for the Q3 Industry Insights and Forecast Call. Wednesday, September 28 11 a.m. EDT. During this 90-minute webinar, you will hear how the auto industry performed in the quarter and how the Cox Automotive team sees the industry progressing through the end of the year. Our experts and… Read Article

sales forecast Market Insights Commentary & Voices

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 Forecast: No Relief in Sight as Slow New-Vehicle Sales Persist in April 04/27/2022 UPDATED, May 3, 2022 – While April sales are still being tallied by our teams, initial projections indicate total sales will come in near 1.2 million, down more than 20% from year-ago levels and very near our forecast released last week. As Cox Automotive Senior Economist Charlie Chesbrough noted earlier, the new-vehicle inventory situation has not materially changed and continues to hold new-vehicle sales in check.… Read Article

new-vehicle sales sales forecast Press Releases

Cox Automotive Q1 2022 U.S. Auto Sales Forecast and Industry Insights Webcast Replay Available 03/29/2022 A replay of the Cox Automotive Q1 2022 U.S. Auto Sales Forecast and Industry Insights webcast held on Monday, March 28, is available below. Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team presented data and insights to help quantify how the industry performed, reviewed the Cox Automotive first-quarter forecast, and provided an outlook on what to expect going forward.… Read Article

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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