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Cox Automotive Forecast: November New-Vehicle Sales Expected to Jump 10.8% Year Over Year, as Inventory Levels Continue to Improve 11/28/2022 Updated, Dec. 1, 2022 – When considering the new-vehicle market in the U.S., the Cox Automotive Economics and Industry Insights team has been trying to balance two distinct market realities: supply and demand. For much of 2022, tight inventory (supply) has been an anchor holding back the market. And indeed, with inventory historically low, new-vehicle sales have been depressed. Through the end of Q3, the new-vehicle market… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive October Forecast: New-Vehicle Inventory Levels Are Improving, But Sales Remain Low 10/25/2022 UPDATED, Nov. 2, 2022 – Spurred in part by improving inventory, early indications of new-vehicle sales in October suggest sales volumes will come in above the Cox Automotive forecast. Gains from October 2021 were all but guaranteed, as last October was a historically bad month for new-vehicle sales. But reports from Hyundai, Kia, Toyota and other Asian brands indicate total industry sales volumes may be higher… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Jarryd Carver and Micheal Lee Receive Cox Automotive and NAMAD Rising Star Awards 10/10/2022 ATLANTA, Oct. 10, 2022 – Cox Automotive, in partnership with the National Association of Minority Automobile Dealers (NAMAD), awarded two Rising Star Awards at the Annual NAMAD Conference in Miami on Friday, October 7. The 2022 award recipients are Jarryd Carver, chief executive officer, Winners Circle Automotive Group, headquartered in Hampton, Virginia, and Michael Lee, dealer principal, Freedom Kia of Morgantown, in West Virginia. Recipients were… Read Article

NAMAD Rising Star Award Press Releases

Manheim Used Vehicle Value Index Sees Another Strong Decline as Market Continues To Slow 10/07/2022 ATLANTA (Oct. 7, 2022) – Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) decreased 3.0% in September from August. This brought the Manheim Used Vehicle Value Index to 204.5, down 0.1% from a year ago. The non-adjusted price change declined 2.1% in September, bringing it to a decrease of 2.3% year over year. September 2022 was the first month since May 2020 that… Read Article

Manheim Used Vehicle Value Index MUVVI Press Releases

Cox Automotive Mobility White Paper Expresses EV Optimism Despite Supply Chain Challenges 10/05/2022 ATLANTA, Oct. 5, 2022 – While vehicle electrification continues to make strides, the lingering effects of the pandemic, the soaring cost of raw materials and geopolitical challenges have contributed to supply chain disruptions that have slowed widespread electric vehicles (EV) growth in the U.S. This perfect storm of bottlenecks outlined in Cox Automotive Mobility’s latest EV white paper titled – “Supply Chain Challenges Impacting Electric Vehicle Adoption”… Read Article

Electric Vehicles EVs Cox Automotive Mobility Press Releases

Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast as September Volumes Hold Steady at Low Level; Q3 Sales Nearly Equal to 2021 Levels 09/28/2022 UPDATED, Oct. 3, 2022 – With the books closing on third-quarter new-vehicle sales, the market indeed—as forecast—is stuck in a low gear. At a brand level, sales results are markedly inconsistent. Hyundai and Kia are confirming record results; General Motors and Toyota finished the quarter with strong numbers. Others, including Buick, Nissan and Honda, continue to struggle. At an industry level, just the opposite is true. New-vehicle sales… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Mobility Commits to Cutting Fleet Carbon Emissions in Half by 2030 09/27/2022 ATLANTA, Sept. 27, 2022 – As part of Cox Enterprises’ goal to dramatically reduce its carbon, water and waste impact on the environment by 2034, Cox Automotive Mobility is making key advancements in fleet electrification to build a better future for the next generation. Cox Automotive Mobility’s focus on EV development includes the opening of an Advanced EV Training Center for fleet technicians, nationwide expansion of its… Read Article

Electric Vehicles Cox Automotive Mobility Press Releases

Cox Automotive Dealer Sentiment Index: U.S. Auto Dealers See Market Weakness Driven by Inflation, Economic Anxiety, and Tight Inventory; Market Outlook Hits Record Low 09/08/2022 ATLANTA, Sept. 8, 2022 – U.S. automobile dealer sentiment in Q3 2022 reflects that more dealers view the current market as weak than strong. Now, at 49, the current market index is below the threshold of 50 in the Cox Automotive Dealer Sentiment Index (CADSI), marking the fifth quarter-over-quarter decline in overall market sentiment. The index is down five points from Q2 and down 13 points year over… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

Cox Automotive Mobility and Spiers New Technologies Expand Global EV Battery Service Network 08/30/2022 ATLANTA, Aug. 30, 2022 – Focused on management and innovation within the entire EV battery lifecycle, Cox Automotive Mobility and Spiers New Technologies today announced the expansion of its global EV battery service center network with new facilities in Belleville, Mich., a suburb of Detroit, and Las Vegas. Cox Automotive Mobility in collaboration with Spiers New Technologies also operates end-to-end EV battery service centers in Oklahoma City,… Read Article

Electric Vehicles EVs Press Releases

Cox Automotive Forecast: August U.S. Auto Sales Languish at Slow Pace With Persistent Headwinds 08/25/2022 UPDATED, Sept. 2, 2022 – Calendar year 2022 has provided plenty of great examples of, “I’ve never seen that before.” And that is certainly the case with August 2022 new-vehicle sales. The Cox Automotive Industry Insights team is tallying the August totals and will have more to share next week, but early indications are that overall sales were consistent with July and June before that. Our… Read Article

new-vehicle sales sales forecast SAAR Press Releases