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4 min read
Cox Automotive Forecast: October New-Vehicle Sales Steady, Volume Expected to Rise Despite Election Uncertainties and Weather Events
10/24/2024
Updated, Nov. 4, 2024 – Supported by higher incentives, solid inventory levels, and generally improving consumer sentiment, new-vehicle sales in October likely came in slightly higher than the Cox Automotive forecast. Initial estimates put total new-vehicle sales at 1.33 million units last month, a gain of 11% from October 2023. Cox Automotive had forecast 1.31 million sales, an 8% year-over-year gain. Business disruptions following two major…
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new-vehicle sales
sales forecast
SAAR
Press Releases
1 min read
2024 Cox Automotive Forecasts
10/07/2024
Cox Automotive provides forecasts on the new and used vehicle markets, leasing, fleet and CPO sales, and the Manheim Used Vehicle Value Index. The full-year 2024 forecasts were presented during the Q3 Cox Automotive Industry Insights and Sales Forecast Call on Sept. 25, and the Manheim Used Vehicle Value Index forecast was updated on Oct. 7. The Economic and Industry Insights team reviews the forecasts quarterly…
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sales forecast
U.S. auto sales
Market Insights
Data Point
1 min read
Q3 2024 Cox Automotive Industry Insights and Sales Forecast Call Replay Available
09/25/2024
A replay of the Q3 2024 Cox Automotive Industry Insights and Sales Forecast call, held on Wednesday, Sept. 25, is available below. Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team provided an update on the U.S. automotive market for the third quarter, covering the electrified, new and used markets with insights and data from Cox Automotive. The team also reviewed Cox Automotive’s 2024 forecasts, including the…
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sales forecast
U.S. auto sales
Market Insights
Commentary & Voices
5 min read
Cox Automotive Leaves 2024 New-Vehicle Sales Forecast Unchanged as September Volume Drops; Year-to-Date Sales Up Less Than 1% Compared to 2023
09/25/2024
Updated, Oct. 3, 2024 – New-vehicle sales in September came in near 1.17 million, down 12.8% year over year and roughly in line with the Cox Automotive forecast of 1.19 million. Thanks to seasonal adjustments, the new-vehicle sales pace, or seasonally adjusted annual rate (SAAR), was 15.8 million in September, lower than the forecast of 15.9 million but a healthy gain from last month’s 15.3 million pace…
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new-vehicle sales
sales forecast
SAAR
Press Releases
1 min read
Q3 2024 Cox Automotive Industry Insights and Sales Forecast Call Presentation Available
09/25/2024
The Q3 Cox Automotive Industry Insights and Sales Forecast call will be held today, Sept. 25, at 11 a.m. EDT. The presentation is available for download. Download the Presentation Join Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team for this 60-minute session. The team will provide a comprehensive update on the automotive industry for the third quarter. They will cover the electrified, new, and…
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sales forecast
U.S. auto sales
Market Insights
Commentary & Voices
5 min read
Cox Automotive Forecast: August U.S. Auto Sales Show Stability Amid Seasonal and Labor Day Boost
08/28/2024
Updated, Sept. 6, 2024 – New-vehicle sales volumes increased month over month and year over year in August, as forecast by Cox Automotive. Year-over-year sales volumes last month are now estimated at 1.42 million, slightly lower than our team’s 1.44 million forecast. Indications are that fleet sales were notably lower year over year – down by more than 21%. Fleet sales in August accounted for approximately 11.6%…
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new-vehicle sales
sales forecast
SAAR
Press Releases
4 min read
Cox Automotive Forecast: New-Vehicle Sales Pace Expected to Rebound After June Disruptions
07/25/2024
Update, August 2, 2024 - New-vehicle sales in July, as forecast last week, mostly rebounded from a temporary sales slowdown driven largely by a widespread dealer software outage in the second half of June. While the June sales pace has been revised lower, to a surprisingly slow 15.2 million, the market seemingly got back on track in July with sales volume near 1.27 million, slightly lower…
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new-vehicle sales
sales forecast
SAAR
Press Releases
1 min read
2024 Cox Automotive Mid-Year Review Replay Available
06/25/2024
A replay of the 2024 Cox Automotive Mid-Year Review webcast held on Tuesday, June 25, is available below. Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and other members of the Economic and Industry Insights team presented how the auto industry performed in the first half and what’s likely ahead, including updated 2024 Cox Automotive forecasts and the Cox Automotive 1H and June U.S. auto sales forecast. Plus, take…
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sales forecast
Mid-Year Review
U.S. auto sales
Market Insights
Smoke on Cars
Commentary & Voices
5 min read
Cox Automotive Forecast: US Auto Sales Expected to Finish First Half Higher by 2.9%, in Line With Expectations for Slow Growth
06/25/2024
Update, July 3, 2024 – Initial numbers indicate that new-vehicle sales volume was down year over year by more than 3%; we were forecasting a slight increase. The sales pace last month is now being pegged at 15.3 million (SAAR), well below our forecast of 16.0 million. And all these numbers will likely be revised, as the CDK outages at many dealerships may delay full and final June…
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new-vehicle sales
sales forecast
SAAR
Press Releases
1 min read
2024 Cox Automotive Mid-Year Review Presentation Available
06/25/2024
The 2024 Cox Automotive Mid-Year Review will be held on Tuesday, June 25, at 11 a.m. EDT. The presentation is available for download. Download the Presentation Join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Economic and Industry Insights team for the 2024 Mid-Year Review. Our experts and analysts will review how the auto industry performed in the first half of the year and how…
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sales forecast
Mid-Year Review
U.S. auto sales
Market Insights
Commentary & Voices
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