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U.S. New-Vehicle Shoppers Expect Limited Choices, High Prices 05/11/2021 ATLANTA, May 11, 2021 – New consumer research conducted by Kelley Blue Book indicates consumers in-market for a new automobile are expecting to be greeted by limited choices and high prices. The research, which involved surveying consumers during the final full week of April, found that three out of four in-market shoppers—those likely to purchase within a year—are familiar with the global microchip shortage and its impact on… Read Article

Press Releases

Cox Automotive April Forecast: Hot New-Vehicle Sales Pace Expected to Continue 04/28/2021 ATLANTA, April 28, 2021 – April U.S. auto sales, when announced next week, are expected to reveal a very hot new-vehicle market. The April sales pace is expected to finish near 16.5 million, which is down from last month’s robust 17.7 million level but still a healthy pace for the industry. Sales in March were especially strong due in part to some February sales being delayed as… Read Article

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Sales of Electrified Vehicles Jump Up 81% in the First Quarter of 2021 04/19/2021 ATLANTA, April 19, 2021 – According to an analysis of the U.S. auto market by Cox Automotive and Kelley Blue Book, sales growth of both electric and hybrid vehicles outpaced overall market performance in the first quarter of 2021. Electrified vehicles – automobiles featuring large battery packs and electric motors in the propulsion system – accounted for 7.8% of the total U.S. market, up from 4.8% in Q1 2020. Electrified vehicle… Read Article

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Hot Auto Market Sends Wholesale Vehicle Prices Soaring to Record High 04/07/2021 ATLANTA (April 7, 2021) – Wholesale used-vehicle prices on a mix-, mileage-, and seasonally-adjusted basis increased 5.87% month over month in March. This brought the Manheim Used Vehicle Value Index to 179.2, a 26.2% increase from a year ago and a record high for the Index. Wholesale prices – the prices automobile dealers are paying to acquire inventory – are often a harbinger of retail prices, which… Read Article

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Cox Automotive March Forecast: U.S. Auto Sales Pick Up Pace Heading Into Spring 03/26/2021 ATLANTA, March 26, 2021 – March U.S. auto sales, when reported next week, will show strong growth over February’s pace and a significant increase over last year’s pandemic hit numbers. The seasonally adjusted annual rate (SAAR) of sales this month is forecast by Cox Automotive to hit 16.5 million, up from February’s 15.7 million pace and well above last March’s dismal 11.4 million level. Sales volume is forecast… Read Article

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U.S. Automobile Dealers Find Optimism in Declining COVID-19 Cases, Vaccine Availability 03/08/2021 ATLANTA, March 8, 2021 – With COVID-19 case trends declining and vaccination rates increasing, U.S. automobile dealers are mostly optimistic about the automobile market in the coming 90 days, according to the latest Cox Automotive Dealer Sentiment Index (CADSI) released today. The 90-day outlook index jumped 11 points to 59, the highest level since the onset of the global pandemic, indicating automobile dealers in the U.S. believe the… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

Cox Automotive February Forecast: U.S. Auto Sales Remain Relatively Strong Despite Challenges 02/23/2021 ATLANTA, Feb. 23, 2021 – February sales when reported next week are expected to show a relatively strong vehicle market in the U.S., though slowing from January’s robust post-holidays pace. The seasonally adjusted annual rate (SAAR) of sales this month is forecast by Cox Automotive to be near 16.3 million, down from January’s 16.6 million level and below last year’s 16.8 million. However, given ongoing pandemic… Read Article

new-vehicle sales sales forecast Press Releases

Cox Automotive Study Finds Car Buying Process Improved During COVID-19 Pandemic 02/23/2021 ATLANTA, Feb. 23, 2021 – Cox Automotive today released its 11th annual Car Buyer Journey Study. The extensive study is based on a survey of consumers who bought or leased a new or used vehicle and is designed to offer a detailed look at the vehicle buying process in America, from start to finish. While the global COVID-19 pandemic has negatively impacted nearly every measure of… Read Article

Car Buyer Journey Press Releases

NADA 2021/AFSA 2021 Newsroom 02/08/2021 This special newsroom provides a centralized hub to access all of the announcements from Cox Automotive brands related to NADA Show 2021 and AFSA 2021 Vehicle Finance Conference. Press Release Schedule Date/Time*BrandPR ContactAnnouncementAssetsFeb. 8/8 a.m.XtimeBrenna BuehlerPutting the Entire Service Process in the Palm of the Customer, Xtime Invites Clients to Elevate Service and ProfitabilityLinkFeb. 4/9 a.m.ManheimJulie ShippNew Manheim Dashboard Puts Powerful Data at Dealers’ Fingertips, Fueling More… Read Article

Press Releases

Cox Automotive Forecast: Relatively Healthy Auto Sales Continue in January 01/26/2021 ATLANTA, Jan. 26, 2021 – January is normally the quietest month of the year for vehicle sales as buyers take a break after holiday shopping, but according to a Cox Automotive forecast released today, January 2021 U.S. auto sales are expected to be healthy, up from last month and down less than 4% from January 2020. The forecast volume decline of 3.7% from last year –… Read Article

new-vehicle sales sales forecast Press Releases