Updated, Nov. 4, 2024 – Supported by higher incentives, solid inventory levels, and generally improving consumer sentiment, new-vehicle sales in October likely came in slightly higher than the Cox Automotive forecast. Initial estimates put total new-vehicle sales at 1.33 million units last month, a gain of 11% from October 2023. Cox Automotive had forecast 1.31 … Continued

Updated, Oct. 3, 2024 – New-vehicle sales in September came in near 1.17 million, down 12.8% year over year and roughly in line with the Cox Automotive forecast of 1.19 million. Thanks to seasonal adjustments, the new-vehicle sales pace, or seasonally adjusted annual rate (SAAR), was 15.8 million in September, lower than the forecast of 15.9 … Continued

Updated, Sept. 6, 2024 – New-vehicle sales volumes increased month over month and year over year in August, as forecast by Cox Automotive. Year-over-year sales volumes last month are now estimated at 1.42 million, slightly lower than our team’s 1.44 million forecast. Indications are that fleet sales were notably lower year over year – down by … Continued