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Cox Automotive Analysis: Stellantis’ Q3 2021 Market Performance

Stellantis reports third-quarter 2021 financial results on the morning of Thursday, October 28. The earnings of the company formed early this year with the combination of PSA Group (Peugeot) and Fiat Chrysler will reflect the impact of the global computer chip shortage. In Europe, where Stellantis is headquartered, the automaker was forced to make many … Continued

Cox Automotive Auto Market Report: October 26

The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation.

Cox Automotive Analysis: GM’s Q3 2021 U.S. Market Performance

General Motors reports third-quarter 2021 financial results on the morning of Wednesday, October 27. The results will reflect GM’s production and inventory challenges due to the global computer chip shortage that cut into sales. In the U.S., which accounts for the bulk of GM’s revenue and profits, sales plunged by a third during the third … Continued

Cox Automotive Analysis: Ford’s Q3 2021 U.S. Market Performance

Ford reports third-quarter 2021 financial results after the stock market closes on Wednesday, Oct. 27. The results will show the continued impact of the production disruptions caused by the global computer chip shortage. Ford was hit early by the chip crisis. The automaker had to partially build vehicles, including its all-important F-150 pickup truck, and … Continued

Big 6 Market Performance: Hyundai Motor Group Strong in Q3

The third quarter of 2021 ended a few weeks back, and the Cox Automotive team is still sifting through data to help showcase how the market performed. In the U.S., six major automakers accounted for 74.7% of the total Q3 sales volume, down from 76.7% in the same period of 2020. The market witnessed big … Continued

Auto Market Weekly Summary

Existing home sales increased more strongly than expected in September and reached the highest pace of sales since January. The trend in new daily COVID-19 cases declined again last week as did new and continuing jobless claims, which fell to new pandemic lows. Still, however, consumer sentiment lost ground and, as a result, is down … Continued

Notes From The Q3 2021 Manheim Used Vehicle Value Index Report

During the Q3 2021 Manheim Used Vehicle Value Index call held earlier this month, we covered a significant amount of material. The Q&A session was robust, which we appreciate, and we ran out of time due to the volume of questions. While reviewing the remaining questions, we noticed that most fell into four major categories: … Continued

Used-Vehicle Inventory Improves; Prices Approaching $27,000

Used-vehicle inventory improved modestly in September as the average listing price kept climbing, now approaching nearly $27,000, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.30M Total UnsoldUsed Vehiclesend of September 43 Days’ Supply $26,646 Average Listing Price 67,028 Average Mileage The total supply of unsold used vehicles on dealer lots across … Continued

Still Growing: In Q3, Sales of Electrified Vehicles Surged Past 1 Million Units

While sales of new vehicles declined 13.4% year over year in Q3 due primarily to low inventory and high prices, sales of electrified vehicles jumped by nearly 60%, according to an analysis by Kelley Blue Book. In fact, more than a million electrified vehicles have been sold so far in 2021. Sales of electrified vehicles … Continued

Cox Automotive’s Xtime Launches New Metrics To Track Service Department Activity

In recent months, U.S. auto dealership profitability has soared. In fact, according to the Q3 2021 Cox Automotive Dealership Sentiment Index, franchised dealer profitability has never been higher, driven largely by strong demand and tight inventory of both new and used vehicles. In many cases, new vehicles have been selling at or above manufacturer’s suggested … Continued