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Data Point

Cox Automotive Launches 13-Month Rolling Used-Vehicle SAAR

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Article Highlights

  1. As another data point to monitor the health of the automotive market, Cox Automotive is launching a 13-month rolling used-vehicle seasonally adjusted annual rate (SAAR).
  2. The August used-vehicle SAAR is 39.8 million units.
  3. The August retail used-vehicle SAAR is 19.9 million units.

As another data point to monitor the health of the automotive market, Cox Automotive is launching a 13-month rolling used-vehicle seasonally adjusted annual rate (SAAR). With the average new-vehicle transaction price remaining north of $37,000, the used-vehicle market continues to see high demand. Consumers that might have purchased new in the past are looking to the used market to find their next new-to-them, high-content vehicle at a more affordable payment. While 2019 is expected to be the peak year of off-lease vehicles returning to the market, we anticipate that off-lease volumes will remain close to this level for at least another year. Moreover, the off-lease product mix is changing with trucks and crossovers representing more of the supply and providing more attractive used vehicle alternatives to would-be new-vehicle buyers.

Like the new-vehicle SAAR, the used-vehicle SAAR is a gauge on each selling month faired by seasonally adjusting estimated used-vehicle volume. The August used-vehicle SAAR is 39.8 million units. The used retail SAAR takes it a step further by only looking at used vehicles sold via a dealership (both franchised and independent) thus removing private party sales from the calculation. The August retail used-vehicle SAAR is 19.9 million units.

Download the used-vehicle SAAR data file.

The Cox Automotive used-vehicle SAAR will be updated monthly – one business day prior to release of the Manheim Used Vehicle Value Index, which is published the fifth business day of each month.

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