Market Insights – Cox Automotive Inc.

Only One Week to Go: Register for Q3 Sales Forecast Call 09/23/2021 In the dynamic automotive landscape, using data and insights remains the best approach to change management. During the Q3 Cox Automotive Sales Forecast Call, hear Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough and the Industry Insights team explain the factors that drove the auto industry in the third quarter. Join us on Thursday, September 30 at 10 a.m. EDT. In addition to the economic factors… Read Article

Inventory U.S. auto sales Market Insights Commentary & Voices

Cox Automotive Forecast: Tight Supply Puts Brakes on New-Vehicle Sales 07/27/2021 UPDATED August 4, 2021 – The automotive sales pace in July slowed substantially, as tight vehicle supply severely limited sales at some automakers. The Cox Automotive Industry Insight team had forecasted slowing sales, as available inventory at the start of July was at the lowest point in memory. Days of supply had dropped to 29, according to an analysis of vAuto Available Inventory data. Inventory levels have generally… Read Article

new-vehicle sales sales forecast U.S. auto sales Press Releases

10 Takeaways from U.S. Auto Sales: Q2 2021 07/09/2021 It might be fair to call spring 2021 a full-on sales frenzy for autos, pushed by pent-up demand, government stimulus and tax returns, and a general feeling that the global pandemic, in the U.S. at least, was moving into the rearview mirror. The quarter began with the seasonally adjusted annual rate (SAAR) of sales hitting 18.8 million in April, among the best months on record, and… Read Article

U.S. auto sales Market Insights Data Point

Cox Automotive June Forecast: Tight Inventory, High Prices Slow New-Vehicle Sales 06/28/2021 ATLANTA, June 28, 2021 – June U.S. new-vehicle sales are expected to showcase a market still well above last year’s levels but one that is slowing after a frenzied spring buying season. Vehicle sales in June are forecast by Cox Automotive to fall to a seasonally adjusted annual rate (SAAR) of 16.4 million, up from last year’s 13.0 million but down from May’s 17.0 million pace. … Read Article

sales forecast U.S. auto sales Press Releases

10 Takeaways from U.S. Auto Sales: Q1 2021 04/16/2021 The Kelley Blue Book data team counted 3,908,738 automobiles sold in the first quarter of 2021, a healthy increase from the same period a year ago and helped by building momentum in March. The total sales for the quarter might have been higher, our analysts note, if not for tight inventories and freak winter storms that pummeled much of the market in February. Sales to fleet… Read Article

U.S. auto sales Market Insights Data Point

Auto Sales Should Catch Up as Texas Thaws 02/18/2021 Winter storms that have swept across a large swathe of the U.S., particularly hitting hard the big vehicle-buying state of Texas, should not badly damage vehicle sales this quarter. In Texas, winter storms caused massive power outages that closed dealerships as well as disrupted computer chip production in Austin and vehicle assembly for GM and Toyota. The state historically accounts for 9% of all new-vehicle sales… Read Article

U.S. auto sales Market Insights Commentary & Voices

10 Takeaways from U.S. Auto Sales: 2020 01/20/2021 We’ve said it before, and we’ll say it again: “It could have been worse.” With a solid second half and great effort by U.S. auto dealers, 2020 finished with sales of 14.5 million. Fleet took a beating, but retail sales stayed strong. In fact, we left 2020 with momentum. Auto sales in the final month of the year ended up 6.4% year over year thanks in part… Read Article

U.S. auto sales Market Insights Data Point

Likelihood of another 17 million year grows 06/04/2018 U.S. light-vehicle sales are still expected to decline for a second consecutive year in 2018, but implacable demand for high-profit SUVs and the extra cash that last year's income-tax changes put in some customers' pockets are helping to soften the fall. Auto sales came in stronger than expected in May, rising 4.7 percent from a year ago to 1.59 million, according to the Automotive News Data… Read Article

sales forecast 2018 SAAR U.S. auto sales News Coverage