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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

5 min read

As the Car-Buying Process Moves Online, Satisfaction Climbs to an All-Time High 01/25/2021 Atlanta, Jan. 25, 2021 – There was a time when consumers rated the car-buying process roughly on par with a stubborn root canal. But those days are passing into the rearview mirror now, as auto dealers move more steps of the retail process online resulting in consumer satisfaction hitting an all-time high, according to the new Digitization of End-to-End Retailing (DoEER) study by Cox Automotive. With… Read Article

Press Releases

7 min read

After Historic Turnaround in Q3, U.S. Auto Dealer Current Market Sentiment Fades in Q4 12/14/2020 ATLANTA, Dec. 14, 2020 – U.S. automobile dealer sentiment dropped in Q4 returning to its pre-pandemic levels, according to the latest Cox Automotive Dealer Sentiment Index (CADSI). The overall current market index dropped below 50 into negative territory with a score of 49, a statistically significant 7-point decrease from last quarter’s 56. Year over year, the current market index was up by 2 points. The Q4… Read Article

Press Releases

4 min read

Cox Automotive and Moody’s Analytics Launch Vehicle Affordability Index 11/17/2020 ATLANTA, Nov. 17, 2020 – Cox Automotive and Moody’s Analytics are launching today the Vehicle Affordability Index that quantifies price movements in the new vehicle market in relation to the spending power of the U.S. consumer. The Cox Automotive/Moody’s Analytics Vehicle Affordability Index (VAI) will be updated monthly using the latest data from government and industry sources, including key pricing data from Kelley Blue Book, a… Read Article

Vehicle Affordability Index Cox Automotive/Moody's Analytics Vehicle Affordability Index VAI vehicle affordability Press Releases

3 min read

Cox Automotive Mobility White Paper Explores Post-COVID-19 EV Market 09/21/2020 ATLANTA, Sept. 21, 2020 – While the electric vehicle (EV) market will take a hit in 2020, it will be more of a stall out than a vanishing act. Electric adoption is inevitable, but its pace is a big question. The latest white paper from Cox Automotive Mobility, titled “COVID-19 Recovery: Speed Bump or Accelerant for the EV Market?,” addresses the tailwinds, headwinds and whirlwinds impacting the… Read Article

Press Releases

All Press Releases Market Insights News Coverage

5 min read

Week #48 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 02/23/2021 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

4 min read

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

6 min read

Car Buyer Journey Press Releases

3 min read

Auto Market Weekly Summary 02/22/2021 The downward trend in new daily COVID-19 cases continues, but winter weather impacted economic activity and vehicle sales over the past two weeks though housing strengthened. Retail sales rise: Retail sales jumped in January, supported by the $600 stimulus checks issued early in the month in the $900 billion stimulus package signed into law at the end of December. Retail sales increased 5.3% in January, but… Read Article

Market Insights Smoke on Cars Economy & Trends

3 min read

Auto Sales Should Catch Up as Texas Thaws 02/18/2021 Winter storms that have swept across a large swathe of the U.S., particularly hitting hard the big vehicle-buying state of Texas, should not badly damage vehicle sales this quarter. In Texas, winter storms caused massive power outages that closed dealerships as well as disrupted computer chip production in Austin and vehicle assembly for GM and Toyota. The state historically accounts for 9% of all new-vehicle sales… Read Article

U.S. auto sales Market Insights Commentary & Voices

1 min read

What the Latest Cox Automotive Insights Reveal About Consumer Perception – Michelle Krebs & Vanessa Ton 02/18/2021 CBT News, Feb. 19, 2021 – Cox Automotive recently published the Kelley Blue Book Brand Watch Reports on the luxury and non-luxury segments. The study covers both luxury and non-luxury segments. Today on CBT News, Michelle Krebs and Vanessa Ton join the show to discuss findings from the report. Krebs is the executive analyst for Autotrader and Vanessa Ton is senior research manager for Cox Automotive.… Read Article

News Coverage

4 min read

Used-Vehicle Supply Dips as Sales Pace Quickens 02/18/2021 Used-vehicle inventory and prices slipped a bit in January as the sales pace for the month quickened, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.66M Total Unsold Used Vehicles end of January 48 Days' Supply $21,572 Average Listing Price 66,545 Average Miles The total U.S. supply of unsold used vehicles closed January at 2.66 million vehicles, down from 2.68 million at the… Read Article

Inventory used-vehicle inventory Market Insights Data Point

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Wholesale Prices Jumping Early in 2021 02/17/2021 Given the ongoing turbulence in the automotive marketplace, the Cox Automotive Economic & Industry Insights team is publishing its mid-month view of the wholesale market, including wholesale prices. The posted material provides commentary and an updated look at the Manheim Used Vehicle Value Index and general information on segment performance for the first 15 days of February. Access the Mid-Month Update for the full report. The complete… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

5 min read

Week #47 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 02/16/2021 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

1 min read

Vehicle Affordability Improves for Third Consecutive Month in January 02/15/2021 Affordability improved in January, as represented by median weeks of income needed to purchase a new vehicle declined to 32.2 weeks from 33.9 weeks in December. The Cox Automotive/Moody’s Analytics Vehicle Affordability Index continues to show that new vehicles have become relatively more affordable since October 2020, when the affordability index reached 35.3 weeks, the high point for the calendar year 2020. Click image to enlarge.… Read Article

Vehicle Affordability Index Cox Automotive/Moody's Analytics Vehicle Affordability Index VAI vehicle affordability Market Insights Data Point

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