Market Insights – Cox Automotive Inc.

Cox Automotive Forecast: New-Vehicle Sales In May Expected to Jump By 20% As Inventory Concerns Fade 05/25/2023 May 2023 New-Vehicle Sales Forecast Highlights The annual new-vehicle sales pace in May is expected to finish near 14.9 million, up 2.3 million from last May’s 12.6 million pace, but down from April’s 15.9 million level. May sales volume is expected to rise 20.3% from one year ago and reach 1.35 million units. Sales volume will fall 1.1% from April, which had one additional selling day.… 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

Q1 2023 Industry Insights and Sales Forecast Call Replay Available 03/28/2023 A replay of the Q1 2023 Cox Automotive Industry Insights and Sales Forecast Call held on Monday, March 27, is available below. Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough and Chris Frey, senior manager of economic and industry insights, presented how the auto industry performed in the first quarter and what’s likely ahead, including our updated 2023 forecasts and 10 predictions. Download the Presentation. For more information… Read Article

sales forecast Market Insights Smoke on Cars Commentary & Voices

2023 Cox Automotive Forecasts 03/27/2023 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 updated 2023 forecasts were presented during the Cox Automotive Q1 2023 Industry Insights and Sales Forecast Call on March 27. Note: For… Read Article

sales forecast U.S. auto sales Market Insights Data Point

Cox Automotive Q1 2023 Industry Insights and Forecast Presentation Available 03/27/2023 The Q1 2023 Cox Automotive Industry Insights and Sales Forecast Call was held today, March 27, at 11 a.m. EDT. The presentation is available for download. An event replay was published on Tuesday, March 28. Download the Presentation. Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough and Chris Frey, senior manager of economic and insight insights, highlighted how the auto industry performed in the first quarter and… Read Article

sales forecast Market Insights Commentary & Voices

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

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

new-vehicle sales sales forecast SAAR Press Releases

2023 Industry Insights and Sales Forecast Call Replay Available 01/13/2023 A replay of the 2023 Cox Automotive Industry Insights and Sales Forecast Call held on Thursday, January 12, is available below. Cox Automotive Chief Economist Jonathan Smoke and our Industry Insights team provided a deep dive into the economy and auto industry – the new, used and wholesale vehicle markets for 2022 and the year ahead, including 2023 Cox Automotive forecasts and 2023 predictions. Download the Presentation. For more… Read Article

sales forecast Market Insights Smoke on Cars Commentary & Voices

Cox Automotive 2023 Industry Insights and Forecast Presentation Available 01/12/2023 The 2023 Cox Automotive Industry Insights and Sales Forecast Call was held today, January 12. The presentation is available for download. Download the Presentation. Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough and Chris Frey, senior manager of economic and industry insights, presented how the auto industry performed in 2022 and how the team sees the industry progressing in the new year, including our forecasts and 10 predictions for… Read Article

sales forecast Market Insights Commentary & Voices