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5 min read
Car Buyers Report Higher Satisfaction When Using Digital Financing Tools, New Cox Automotive Study Shows
04/26/2022
ATLANTA, April 26, 2022 – Though only 29% of buyers applied for financing online for their most recent vehicle purchase, 96% of those surveyed are willing to do so, according to a new study published by Cox Automotive. The Cox Automotive Car Buyer Financing Journey Study revealed that buyers who completed key financing steps online saved time and were more satisfied with their time at the…
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Digital Retailing
auto loans
eCommerce
Press Releases
6 min read
Cox Automotive Dealer Sentiment Index: Signs of Optimism Among U.S. Automobile Dealers Despite a Slow Start to the Year
03/09/2022
ATLANTA, March 9, 2022 – Facing a slow start to the year, and with concerns over inflation and the economy, automobile dealer sentiment softened in Q1, marking the third consecutive quarter-over-quarter decline in current market sentiment. Still, at 57, the current market index remains above the positive threshold in the latest Cox Automotive Dealer Sentiment Index (CADSI). The index reading of 57 indicates that more U.S.…
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Cox Automotive Dealer Sentiment Index
CADSI
Press Releases
5 min read
Despite Inventory Shortage, High Prices, Overall Car Buyer Satisfaction Remains Near Record Levels, According to Cox Automotive Study
01/18/2022
ATLANTA, Jan. 18, 2022 – The 12th annual Cox Automotive Car Buyer Journey Study released today reveals that overall car buying satisfaction remains at a near-record level, with the number of highly satisfied buyers higher than before the pandemic. The latest Car Buyer Journey (CBJ) Study finds that the modest retreat from the record high set in 2020 was due mostly to lack of inventory and…
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Car Buyer Journey
Press Releases
7 min read
Ten Predictions for 2022: Cox Automotive Looks Forward Into the Year Ahead
01/13/2022
During the Cox Automotive Q1 2022 U.S. Auto Sales Forecast and Industry Insights webcast held on Monday, March 28, Cox Automotive Chief Economist Jonathan Smoke provided a Q2 update to the Ten Predictions for 2022. ATLANTA, Jan. 13, 2022 – In the early days of 2022, the Cox Automotive Industry Insights team lays out 10 trends that will shape the auto industry in the year ahead. Overall,…
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Press Releases
5 min read
Cox Automotive Mobility Takes Charge of EV Battery Lifecycle Services With Global Acquisition
09/01/2021
ATLANTA (September 1, 2021) – Focused on being the world’s best end-to-end caretaker for the electric vehicle (EV) future from storage and logistics to remanufacturing, reuse and pre-treatment recycling, Cox Automotive Mobility today announced a foundational investment for its new global EV battery service network with the acquisition of Spiers New Technologies (SNT), a leading service provider for EV battery lifecycle management. As EVs take center stage, battery production, health…
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Press Releases
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Press Releases
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2 min read
Dealership Service Revenue Hits Record in April with Less Activity, according to Xtime Metrics
05/20/2022
Service revenue increased at U.S. franchised dealerships in April on fewer repair order tickets, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Volume Index decreased month over month in April. Meanwhile, the Repair Order Revenue Index increased month over month to the highest level for the index, dating back to January 2018. The monthly Xtime volume and revenue metrics are designed…
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Operations
Service
Fixed Ops
Xtime
Market Insights
Data Point
3 min read
Used Vehicle Supply Holds Steady as Asking Prices Rise
05/19/2022
A spring sales bounce that has been late coming and more spread out than expected has now led to used-vehicle supply holding largely steady in April, according to the Cox Automotive analysis of vAuto Available Inventory data. The average retail list price, however, resumed its upward trajectory, surpassing the $28,000 mark again. 2.52M Total UnsoldUsed Vehiclesas of May 2 48 Days' Supply $28,365 Average Listing Price…
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Inventory
used-vehicle prices
used-vehicle inventory
Market Insights
Data Point
6 min read
New Vehicle Inventory Remains Stuck in Neutral in April
05/18/2022
New vehicle inventory barely budged in April due to continued supply chain disruptions, according to a Cox Automotive analysis of vAuto Available Inventory data. Inventory of imports and small, fuel-efficient models were among the lowest due to strong demand driven in part by rising gas prices. Prices in April rose as well, with the average new vehicle listing price climbing again above $45,000. 1.13M Total Inventoryas…
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Inventory
new-vehicle inventory
Market Insights
Data Point
3 min read
Wholesale Used-Vehicle Prices Increase in First Half of May From Seasonal Adjustment
05/17/2022
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.7% in the first 15 days of May compared to the full month of April. This brought the Manheim Used Vehicle Value Index to 222.7, which was up 9.7% from May 2021. The non-adjusted price change in the first half of May was an increase of 1.0% compared to April, leaving the unadjusted average…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Data Point
2 min read
With New-Vehicle Prices Climbing in April, Affordability Declines Further
05/16/2022
New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody's Analytics Vehicle Affordability Index. The inputs to the index again moved in differing directions in the month. The number of median weeks of income needed to purchase the average new vehicle in April increased to 40.6 weeks from a downwardly revised 40.2 weeks in March. Cox Automotive/Moody's…
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Vehicle Affordability Index
Cox Automotive/Moody's Analytics Vehicle Affordability Index
vehicle affordability
Market Insights
Data Point
5 min read
Auto Market Weekly Summary
05/16/2022
COVID cases increased again as Omicron subvariants push case numbers up to levels last seen in mid-February. Measures of consumer sentiment have shown declines so far in May, as inflation and stock market declines weigh on consumer attitudes. Inflation decelerated slightly in April, but rent and services saw gains. Consumer credit grew at an accelerated pace in March as credit card spending growth set a record…
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Market Insights
Smoke on Cars
Economy & Trends
3 min read
Cox Automotive Analysis: Hyundai’s Quarterly U.S. Market Performance
05/13/2022
South Korean automaker Hyundai Motor, which includes the Hyundai, Kia and Genesis brands, posted a better-than-expected rise in its first-quarter profit as favorable exchange rates more than made up for higher raw material costs and a drop in vehicles sales caused by the global computer chip shortage. The U.S. is one of the most important markets for the automaker. Here are some data points from Cox…
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Hyundai
market performance
Kia
Genesis
Market Insights
Data Point
3 min read
Q1 2022 Kelley Blue Book Brand Watch: Toyota, Tesla and Ford Dominate the Most-Shopped List of Electrified Vehicles
05/13/2022
Surging gas prices in March led one-in-four shoppers to consider electrified vehicles, particularly EVs and hybrids, a trend likely to accelerate as new models hit showrooms soon, according to the Q1 2022 Kelley Blue Book Brand Watch™ report. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in consumer shopping behavior to determine how a brand or model stacks up…
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Kelley Blue Book Brand Watch
EVs
Electrified Vehicles
Market Insights
Commentary & Voices
2 min read
Estimated Monthly Used-Vehicle SAAR and Volume
05/13/2022
Total used-vehicle sales in April are estimated to be near 3.37 million units, down 14% from April 2021, according to Cox Automotive. The seasonally adjusted annual rate (SAAR), or sales pace, is estimated to be near 38.0 million, down from last April’s 44.2 million level, and above March’s revised 36.6 million pace. Used retail sales were also estimated to be lower in April. Total Used and…
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used-vehicle SAAR
Market Insights
Data Point
3 min read
Cox Automotive Analysis: Honda’s Quarterly U.S. Market Performance
05/12/2022
Honda posts financial results for the January-to-March quarter on May 13, the automaker’s final quarter of its fiscal year. In the U.S., its sales were down in the quarter as both Honda and Acura continue to have supply chain problems leading to low inventory. March saw U.S. sales decline for Acura for the seventh straight month and for Honda for the eighth straight month. At the…
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Honda
market performance
Market Insights
Data Point
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