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Auto Dealer Sentiment Drops as COVID-19 and the Economy Severely Impact Business; Franchised Auto Dealers Hold Onto Optimism for the Summer 06/08/2020 ATLANTA, June 8, 2020 – According to the Q2 2020 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers’ view of the current automotive market remains negative and is understandably far more negative than in the first quarter. With an index score of 20, the rating presents a clear picture of the devastating impact COVID-19 has had on the auto industry, and the decrease from Q1’s index… Read Article

CADSI Press Releases

Cox Automotive’s Statement on COVID-19 – Summary of Activities 05/01/2020 A Note from Cox Automotive CEO Sandy Schwartz Regarding COVID-19 Let’s just say this about COVID-19: We’re all in it together. Our job is to help make the automotive industry as good as it can be, and that has never been more apparent or more important than right now. Like so many others, Cox Automotive is looking for every opportunity to keep our people healthy, to… Read Article

Press Releases

Brand Experience Centers, At-Home Maintenance, Service Pick-up and Drop-off: These are the Modern Automotive Dreams, New Research Shows 01/22/2020 ATLANTA, Jan. 22, 2020 – It’s no secret the current car-buying experience has room for improvement and that few owners are looking forward to the next 3-hour wait while their vehicle is serviced. But what does an ideal automotive consumer experience actually look like? A new report from Cox Automotive released today provides a road map. Reimagining the Automotive Consumer Experience is a comprehensive look at… Read Article

Press Releases

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13-Month Rolling Used-Vehicle SAAR 07/10/2020 As another data point to monitor the health of the automotive market, Cox Automotive calculates a 13-month rolling used-vehicle seasonally adjusted annual rate (SAAR). According to Cox Automotive estimates, total used-vehicle sales volume was down 12% year over year in June. We estimate the June used SAAR to be 36.0 million, down from 39.8 million last June but up from May’s 32 million rate. The used… Read Article

used car SAAR Market Insights Data Point CAMIO

Remarkable Decline in Fleet Sales Continues in June 07/10/2020 Year-over-year fleet sales continued its remarkable decline as the combined rental, commercial, and government purchases of new vehicles were down 69% in June. Total fleet volume was 85,104, down significantly from 277,615 in June 2019. Rental units continue to lead the drop with a 94.5% decrease year over year in June. The dismal June rental result follows drops in March (-34%), April (-77%) and May (-91%).… Read Article

Market Insights Data Point CAMIO

With Inventory Tight, It’s a Market of Haves Versus Have-Nots 07/09/2020 New-vehicle inventories in the U.S. closed June at new recent lows, despite auto assembly plants cranking back up after lengthy spring shutdowns due to the COVID-19 pandemic, according to a Cox Automotive analysis of vAuto Available Inventory data. The total U.S. supply of unsold new vehicles stood at 2.55 million units at the end of June, down significantly from 3.23 million at the end of June… Read Article

Market Insights Data Point

Q2 2020 Manheim Used Vehicle Value Index Call Replay Available 07/09/2020 A replay of the Q2 2020 Manheim Used Vehicle Value Index Call hosted by Cox Automotive Chief Economist Jonathan Smoke and Zo Rahim, manager of Economic and Industry Insights for Cox Automotive, is available below. Jonathan and Zo were joined by Whitney Gerkin, director of Manheim's Digital Marketplace, who shared insights on how Manheim has greatly accelerated digital sales this year. This quarterly Manheim Used Vehicle… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Commentary & Voices

A Look at the First Half of 2020: Pickups, EVs and Convertibles 07/08/2020 We can all agree: It’s good to have the first half of 2020 in the rearview mirror. It will be remembered for all the wrong reasons, and all of us at Cox Automotive are hoping the second half of this not-great year has more ups than downs. Our Kelley Blue Book data team has crunched the numbers for the first half of 2020. In all, the… Read Article

Market Insights Data Point

Record-Setting Rebound in Wholesale Prices 07/08/2020 Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 8.95% month over month in June. This brought the Manheim Used Vehicle Value Index to 149.3, a 6.3% increase from a year ago and a new record-high for the Index. Access the full report. The latest update of the Manheim Used Vehicle Value Index is released on the fifth business day of each… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Wholesale Used-Vehicle Values Reach Record High 07/08/2020 ATLANTA (July 8, 2020) – Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 8.95% month over month in June. This brought the Manheim Used Vehicle Value Index to 149.3, a 6.3% increase from a year ago and a new record-high for the Index. Manheim Market Report (MMR) prices improved over the four full weeks of June, resulting in a 7.1% cumulative… Read Article

Manheim Used Vehicle Value Index MUVVI Press Releases

Week #16 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 07/07/2020 Our Chief Economist, Jonathan Smoke, joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impactContinuing jobless claims and impacts by stateConsumer sentiment in the U.S. and in the largest DMAsCox Automotive consumer survey results on shopping and service0% APR offersNew- and used-vehicle inventoryWholesale and retail prices and… Read Article

Market Insights Smoke on Cars

Auto Market Weekly Summary 07/06/2020 We continue to see new peaks in daily COVID-19 cases reported in the U.S., a trend likely to continue through most of July even assuming that new restrictions are effective in curtailing the growth in cases. The economic recovery can be seen in pending home sales in May, new vehicle sales in June, and 4.8 million jobs recovered in the June employment report. However, that report… Read Article

Market Insights Smoke on Cars Economy & Trends

vAuto’s Brian Finkelmeyer Discusses New Car Market Insights and Inventory Strategies 07/01/2020 CBT News, July 1, 2020 -- Dealers are facing a unique situation in many markets, where consumer demand is actually higher than supply according to Cox Automotive's Bureau of Economic Analysis and Wards Automotive data. In fact, in this past May, non-fleet sales increased 63 percent after bottoming out in April. Brian Finkelmeyer, senior director of new car solutions at vAuto, joins Jim Fitzpatrick to break… Read Article

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