Newsroom | Cox Automotive

U.S. Automobile Dealer Sentiment Stumbles in Q3 as Political Climate Heats Up 09/06/2024 ATLANTA, Sept. 6, 2024 – The Q3 2024 Cox Automotive Dealer Sentiment Index (CADSI) shows automobile dealers in the U.S. continue to view the market as weak. The overall Q3 market sentiment index dropped to a score of 40, down from 42 in Q2 and 45 from a year ago, signaling a weakened market sentiment. “For more than two years now, after reaching peak profits in… Read Article

9 min read

U.S. Automobile Dealer Sentiment Index: As Market Uncertainty Grows, Dealers Remain Pessimistic and Cautious 06/10/2024 ATLANTA, June 10, 2024 – The latest Cox Automotive Dealer Sentiment Index (CADSI) remained stable from Q1 to Q2 2024 despite dealer uncertainty in the market and economy. The Q2 current market index score of 42 indicates most U.S. auto dealers see the market as weak. One year ago, the index was 45, also below the 50 threshold. The last time current market sentiment was above… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

7 min read

Cox Automotive 2024 Path to EV Adoption Study Suggests Electric Vehicle Consideration Will Surge in Second Half of Decade 05/14/2024 ATLANTA, May 14, 2024 – A second, significant wave of shoppers ready to consider buying an electric vehicle (EV) is poised to begin entering the market in the second half of the decade, according to the latest findings from the 2024 Path to EV Adoption Study by Cox Automotive. The findings indicate that nearly half of all vehicle shoppers in market today are not even considering… Read Article

Electric Vehicles EVs EV Press Releases

8 min read

U.S. Auto Dealer Sentiment Improves in Q1, but Current Market View Remains Weak as Profit Pressures Replace Inventory Woes 03/13/2024 ATLANTA, March 13, 2024 – The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40 to 42, but remains well below the 50 threshold, indicating most dealers see the current market as weak. The survey’s current market index is largely driven by profitability, customer traffic and costs. Of… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

8 min read

Cox Automotive’s Car Buyer Journey Study Shows Satisfaction With Car Buying Improved in 2023 After Two Years of Declines 01/31/2024 ATLANTA, Jan. 31, 2024 – Cox Automotive’s annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022. This is good news for automobile dealers, who will gather in Las Vegas starting Thursday, February 1, for the National Automobile Dealers Association’s annual convention. Cox Automotive will be the largest exhibitor at NADA… Read Article

Car Buyer Journey Press Releases

All Press Releases Market Insights News Coverage

Select a Category:

3 min read

Electric Vehicle Sales Mark Another Record in Q3, Thanks to Higher Incentives, More Choices 10/11/2024 According to new estimates from Kelley Blue Book, electric vehicle (EV) sales in the U.S. grew by 11% year over year in the third quarter and reached record highs for both volume and market share. According to the latest counts, an estimated 346,3091 EVs were sold in Q3 2024, a 5% increase from Q2. The EV share of sales in Q3 hit 8.9%, the highest level… Read Article

Sales new-vehicle sales U.S. auto sales Electric Vehicles EVs EV Electrified Vehicles Market Insights Data Point

4 min read

Kelley Blue Book Report: New-Vehicle Prices End Q3 Lower Year Over Year; Incentive Spending Increases for Third Straight Month 10/09/2024 ATLANTA, Oct. 9, 2024 – According to data released today by Kelley Blue Book, the average transaction price (ATP) for a new vehicle in the U.S. was $48,397 in September. The September ATP increased modestly from August but was lower year over year by 0.4%, as downward price pressure continues to hold new-vehicle ATPs in check. Incentive spending in September increased for the third straight month, rising… Read Article

ATP average transaction price new-vehicle prices Market Insights Data Point

1 min read

Q3 2024 Manheim Used Vehicle Value Index Call Replay Available 10/07/2024 A replay of the Q3 2024 Manheim Used Vehicle Value Index Call held on Monday, Oct. 7, is available below. Cox Automotive Chief Economist Jonathan Smoke, Senior Director Jeremy Robb, and Scott Vanner, a senior analyst on the Economic and Industry Insights team, presented the latest Manheim Used Vehicle Value Index and the major economic and industry trends that shaped the quarter. They were joined by Alan Lang, senior… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Commentary & Voices

4 min read

Manheim Report: Wholesale Used Vehicle Prices Trend Lower in September After Two Months of Gains 10/07/2024 ATLANTA (Oct. 7, 2024) – Data released today by Cox Automotive showed that, after two months of increases, wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) reversed course and were lower in September by 0.5% compared to August. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.0, a decline of 5.3% from a year ago. The seasonal adjustment to the index amplified… Read Article

Manheim Used Vehicle Value Index MUVVI Press Releases

2 min read

Auto Market Weekly Summary 10/07/2024 Key Highlights September’s job growth significantly surpassed expectations, with 254,000 jobs created compared to an expected 150,000, marking the highest surge since March. Despite the robust job creation, the automotive industry exhibited slower growth, with auto dealers adding only 1,300 jobs, leaving overall dealership employment 0.7% lower than February 2020 levels. September also saw new light-vehicle sales drop by 12.8% year over year, recovering slightly to… Read Article

Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends

6 min read

Wholesale Used-Vehicle Prices Declined in September 10/07/2024 Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in September compared to August. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.0, a decline of 5.3% from a year ago. The seasonal adjustment to the index amplified the change for the month, as non-seasonally adjusted values fell slightly. The non-adjusted price in September decreased by 0.1% compared to August, moving… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

1 min read

2024 Cox Automotive Forecasts 10/07/2024 Cox Automotive provides forecasts on the new and used vehicle markets, leasing, fleet and CPO sales, and the Manheim Used Vehicle Value Index. The full-year 2024 forecasts were presented during the Q3 Cox Automotive Industry Insights and Sales Forecast Call on Sept. 25, and the Manheim Used Vehicle Value Index forecast was updated on Oct. 7. The Economic and Industry Insights team reviews the forecasts quarterly… Read Article

sales forecast U.S. auto sales Market Insights Data Point

1 min read

Used Car Dealer Podcast Episode 66: Digital Advertising, Inventory Strategies and Customer Retention for Used Car Dealers 10/03/2024 In this episode of the Used Car Dealer Podcast, Zach Klempf interviews two special guests from Cox Automotive: Jade Terreberry (senior director, Strategic Planning & Business Development) and Micah Tindor (senior director, Strategic Planning for Kelley Blue Book ICO). They cover a range of topics relevant to today’s used car market, from digital advertising strategies to inventory management and customer retention. Watch the Episode Read Article

News Coverage

5 min read

Cox Automotive Auto Market Report: Oct. 1 10/01/2024 Cox Automotive’s Auto Market Report video delivers a comprehensive analysis of the current automotive market. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. This video covers a wide range of topics, including consumer spending patterns, consumer sentiment, retail vehicle sales, financing rates, supply dynamics, pricing trends and leading indicators from Cox Automotive’s extensive data ecosystem. Download this week’s presentation… Read Article

Auto Market Report Market Insights Smoke on Cars Economy & Trends

3 min read

Auto Market Weekly Summary 09/30/2024 Key Highlights Consumer spending on motor vehicles and parts declined by 2.0% in August, after a July jump as activity recovered from software disruptions. Consumer confidence saw an unexpected drop of 6.5% in September. Consumers’ plans to purchase a vehicle improved as views of buying conditions reached their highest level since April. Economic Indicators and Consumer Spending According to the final estimate, second-quarter real GDP growth… Read Article

Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends

@CoxAutomotive

For more info or news from other Cox Automotive brands, visit the following sites:

Sign up here to receive bi-weekly updates on news and trends dominating the automotive industry.

@CoxAutomotive

For more info or news from other Cox Automotive brands, visit the following sites: