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1 min read
Q1 2024 Cox Automotive Industry Insights Webcast Replay Available
03/29/2024
Below is a replay of the Q1 2024 Cox Automotive Industry Insights and Sales Forecast call, which was held on Thursday, March 28. Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team provided an overview of the U.S. automotive industry through the first quarter, revisited Cox Automotive’s Forecast: 2024, the major themes that are expected to shape the year, and updated the full-year sales forecasts.…
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sales forecast
U.S. auto sales
Market Insights
Smoke on Cars
Commentary & Voices
1 min read
2024 Cox Automotive Forecasts
03/28/2024
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 Cox Automotive Industry Insights webcast on January 8. The Economic and Industry Insights team reviews the forecasts quarterly and updates them as market changes dictate. Download the 2024 Forecasts If you would like to speak…
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sales forecast
U.S. auto sales
Market Insights
Data Point
1 min read
Q1 2024 Cox Automotive Industry Insights and Sales Forecast Call Presentation Available
03/28/2024
The Q1 2024 Cox Automotive Industry Insights and Sales Forecast call will be hosted today, March 28, at 11 a.m. EDT. Register to receive call information. The presentation is available now. Download the presentation Join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team for a 60-minute event that will provide an update on the U.S. automotive industry through the first quarter. The…
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sales forecast
U.S. auto sales
Market Insights
Commentary & Voices
3 min read
Cox Automotive Forecast: March New-Vehicle Sales to Jump 4.5% From Year-Ago Levels, as U.S. Market Continues to Normalize
03/25/2024
ATLANTA, March 25, 2024 – Cox Automotive forecasts U.S. new-vehicle sales in Q1 will increase 5.6% year over year and reach 3.8 million units. The year-over-year increase in Q1 sales suggests that the new-vehicle market in the U.S. continues to recover slowly from the 10-year low – 13.8 million total sales – recorded in 2022. Sales volume in March, when announced early next month, is expected…
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new-vehicle sales
sales forecast
SAAR
Press Releases
3 min read
Cox Automotive Forecast: New-Vehicle Sales Pick Up in February After Slow Start to 2024
02/23/2024
Updated, March 4, 2024 – As forecast by the Cox Automotive team, new-vehicle sales in the U.S. picked up in February, as warmer weather and increasing consumer sentiment as measured by Morning Consult combined to help sales improve notably from the January slowdown. Total new-vehicle sales in February are now estimated at 1.25 million, above our forecast of 1.22 million units and up 9.6% year over year.…
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new-vehicle sales
sales forecast
SAAR
Press Releases
4 min read
Cox Automotive Forecast: New-Vehicle Sales in January Expected to Maintain Healthy Pace Set in December
01/29/2024
New-vehicle sales in January came in lower than the Cox Automotive forecast, as a likely pullback from hotter-than-expected sales in December and colder-than-expected weather across much of the country in the middle of the month combined to hold consumers back. Total new-vehicle sales in January are now estimated at 1.08 million, below our forecast of 1.15 million, but up from year-ago levels. Compared to December 2023,…
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new-vehicle sales
sales forecast
SAAR
Press Releases
1 min read
2024 Cox Automotive Industry Insights Webcast Replay Available
01/08/2024
A replay of the 2024 Cox Automotive Industry Insights webcast held on Monday, January 8, is available below. Jonathan Smoke and the Industry Insights team provided a comprehensive update on the automotive industry for the new year. This session covered the new, used, and wholesale markets for 2023, along with insights and data from Cox Automotive and the Manheim Used Vehicle Value Index. The team also shared…
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sales forecast
U.S. auto sales
Market Insights
Smoke on Cars
Commentary & Voices
1 min read
2024 Cox Automotive Industry Insights Presentation Available
01/08/2024
The 2024 Cox Automotive Industry Insights webcast will be hosted today, Jan. 8, at 11 a.m. EST. Join Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team for a 60-minute event that will provide a comprehensive update on the automotive industry for the new year. This session will cover the new, used, and wholesale markets for 2023, along with insights and data from Cox Automotive and the Manheim…
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sales forecast
U.S. auto sales
Market Insights
Commentary & Voices
8 min read
Cox Automotive’s Forecast: 2024 – A Return to Normalcy in the U.S. Auto Market
01/03/2024
ATLANTA, Jan. 3, 2024 – For the U.S. auto market, the word that will likely sum up 2024 is “normalcy,” according to Cox Automotive’s Forecast: 2024. Powered by the best data and keenest insights, Cox Automotive developed five themes that offer a collective vision and valuable perspective on the road ahead for the U.S. auto industry. Running throughout the five themes is a welcome return to…
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sales forecast
Press Releases
4 min read
Cox Automotive Forecast: U.S. Auto Sales Expected to Finish 2023 Up More Than 11% Year Over Year, as General Motors Retains Top Spot, Hyundai Motor Group Jumps Past Stellantis
12/27/2023
ATLANTA, Dec. 27, 2023 – December new-vehicle sales, announced next week, are expected to show gains over last year’s product-constrained market. According to the Cox Automotive forecast released today, sales volume this month is expected to rise 6.2% over December 2022. The seasonally adjusted annual rate (SAAR), or sales pace, is expected to finish near 15.1 million in December. This SAAR is 1.6 million higher compared to last…
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new-vehicle sales
sales forecast
SAAR
Press Releases
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