Market Insights – Cox Automotive Inc.

10 Takeaways from U.S. Auto Sales: Q1 2022 04/20/2022 New-vehicle sales last quarter came in at 3.3 million, according to the latest Kelley Blue Book counts, a drop from 3.9 million in the first quarter of 2021. Sales in the quarter were down 15.7% year over year, but as the Cox Automotive Industry Insights team has repeatedly stated: There is NOT a demand problem in the market right now. There are plenty of interested—and… Read Article

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2022 Cox Automotive Forecasts 03/28/2022 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 2022 forecasts were presented during the Cox Automotive Industry Insights Q1 2022 webcast on March 28. Download the 2022 Forecasts. If you… Read Article

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

10 Takeaways from U.S. Auto Sales: 2021 01/21/2022 Our Kelley Blue Book team has finished their final tally of 2021 auto sales in the U.S. market. Total volume by the Kelley Blue Book count came in at 15,061,885, a solid year by historical standards. But it was far from an easy 15 million. Demand was there, and sales volumes in March, April and May were among the best in the past decade. Inventory then… Read Article

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10 Takeaways from U.S. Auto Sales: Q3 2021 10/15/2021 Inventory was the auto industry’s story in the third quarter of 2021. More specifically, a lack of new-vehicle inventory. It was the same story for grocery stores and big-box chains: supply disruptions, parts shortages and COVID-19 outbreaks. In September, new-vehicle inventory was down nearly 60% from 2020. Sales suffered accordingly. While certainly the central story, inventory was not the only story last quarter. As the… Read Article

U.S. auto sales Market Insights Data Point

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

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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

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