News – Cox Automotive Inc.

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

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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

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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

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2023 Cox Automotive Forecasts 01/12/2023 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 2023 forecasts were presented during the Cox Automotive 2023 Industry Insights and Sales Forecast Call on January 12. Note: For context, final… Read Article

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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

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Cox Automotive Forecast: U.S. Auto Sales Expected to Finish 2022 Down 8% Year Over Year, as General Motors Reclaims Top Spot, Honda and Nissan Fall Significantly 12/28/2022 Updated, Jan. 4, 2023 – While sales in December likely came in slightly higher than the initial Cox Automotive forecast, and above year-ago levels, the bottom-line result will hardly be cheered as a success. In fact, December sales continue to demonstrate a softening of retail demand, although demand has not collapsed. Sales in December, and in the months prior, were aided by improving new-vehicle inventory levels… Read Article

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Cox Automotive Forecast: November New-Vehicle Sales Expected to Jump 10.8% Year Over Year, as Inventory Levels Continue to Improve 11/28/2022 Updated, Dec. 1, 2022 – When considering the new-vehicle market in the U.S., the Cox Automotive Economics and Industry Insights team has been trying to balance two distinct market realities: supply and demand. For much of 2022, tight inventory (supply) has been an anchor holding back the market. And indeed, with inventory historically low, new-vehicle sales have been depressed. Through the end of Q3, the new-vehicle market… Read Article

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Cox Automotive October Forecast: New-Vehicle Inventory Levels Are Improving, But Sales Remain Low 10/25/2022 UPDATED, Nov. 2, 2022 – Spurred in part by improving inventory, early indications of new-vehicle sales in October suggest sales volumes will come in above the Cox Automotive forecast. Gains from October 2021 were all but guaranteed, as last October was a historically bad month for new-vehicle sales. But reports from Hyundai, Kia, Toyota and other Asian brands indicate total industry sales volumes may be higher… Read Article

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Q3 2022 Industry Insights and Sales Forecast Call Replay Available 09/29/2022 A replay of the Cox Automotive Q3 2022 Industry Insights and Sales Forecast Call held on Wednesday, September 28, 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 the third quarter. The Cox Automotive September U.S. auto sales forecast was released as well as a Q3 update… Read Article

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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 UPDATED, Oct. 3, 2022 – With the books closing on third-quarter new-vehicle sales, the market indeed—as forecast—is stuck in a low gear. At a brand level, sales results are markedly inconsistent. Hyundai and Kia are confirming record results; General Motors and Toyota finished the quarter with strong numbers. Others, including Buick, Nissan and Honda, continue to struggle. At an industry level, just the opposite is true. New-vehicle sales… Read Article

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