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Cox Automotive Dealer Sentiment Index: U.S. Auto Dealers See Market Weakness Driven by Inflation, Economic Anxiety, and Tight Inventory; Market Outlook Hits Record Low 09/08/2022 ATLANTA, Sept. 8, 2022 – U.S. automobile dealer sentiment in Q3 2022 reflects that more dealers view the current market as weak than strong. Now, at 49, the current market index is below the threshold of 50 in the Cox Automotive Dealer Sentiment Index (CADSI), marking the fifth quarter-over-quarter decline in overall market sentiment. The index is down five points from Q2 and down 13 points year over… Read Article

7 min read

Connected Data: The engine that powers better results 08/11/2022 The Automotive industry is changing at breakneck speed. This includes a dizzying array of new vehicles being offered, many from completely new OEMs. A radical shift to electrification, and a steady and pronounced shift to more digital interactions are being felt throughout the entire industry. Read Article

Marketing

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… Read Article

Digital Retailing auto loans eCommerce 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… Read Article

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,… Read Article

Press Releases

All Press Releases Market Insights News Coverage

5 min read

Cox Automotive Auto Market Report: November 22 11/22/2022 The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation. Read Article

Market Insights Smoke on Cars

1 min read

Manheim Market Insights Series: Episode 3 11/21/2022 Welcome to the monthly Manheim Market Insights update. This monthly video is content offered by Kevin Chartier, vice president of Manheim Market Insights. In this video, Chartier shares a few of his thoughts on what we are seeing in the used wholesale and retail markets; all through the wide lens of data available from Cox Automotive. This month's video highlights used-vehicle sales, the Mid-month Manheim Used… Read Article

Manheim Market Insights Market Insights Commentary & Voices

5 min read

Auto Market Weekly Summary: November 21 11/21/2022 Retail sales growth accelerated in October and was stronger than expected. Adjusted for inflation, retail sales were up slightly from a year ago. Residential construction slowed again in October, with single-family activity driving much of the decline. Existing home sales declined in October for the ninth straight month. Initial jobless claims declined in the latest week, and jobless claims overall remain very low. October Retail Sales… Read Article

Market Insights Smoke on Cars Economy & Trends

1 min read

Cox Automotive Monthly Industry Update Video Series – Episode 7 11/21/2022 The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format. In Episode 7, Cox Automotive Executive Analyst Michelle Krebs is joined by Research Manager Rebecca Rydzewski, Research Manager Quentin Wallace and Research and Market Intelligence Manager Kayla Reynolds. The 15-minute presentation… Read Article

Monthly Industry Update Market Insights Commentary & Voices

2 min read

Service Activity Increases While Revenue Sees Modest Decline in October, according to Xtime Metrics 11/18/2022 Service activity increased while service revenue decreased slightly at U.S. franchised dealerships in October, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Volume Index increased modestly, while the Repair Order Revenue Index slipped slightly to just below the record high set in September. The monthly Xtime volume and revenue metrics are designed to showcase average service department performance over time, with… Read Article

Operations Service Fixed Ops Xtime Market Insights Data Point

4 min read

Wholesale Used-Vehicle Prices See Modest Increase in First Half of November 11/17/2022 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.4% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index rose to 200.7, which was down 13.7% from the full month of November 2021. The non-adjusted price change in the first half of November was a decline of 0.8% compared to October, moving the unadjusted average price… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

2 min read

Average Used-Vehicle Asking Price Falls to Lowest Level Since April 11/17/2022 Used-vehicle asking prices fell throughout the month of October to their lowest average since April as inventory matches pre-pandemic 2019 levels, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.44M Total UnsoldUsed Vehiclesas of Oct. 31, 2022 51 Days' Supply $27,564 Average Listing Price 70,113 Average Mileage The total supply of unsold used vehicles on dealer lots, both franchised dealers and independents, across… Read Article

Inventory used-vehicle prices used-vehicle inventory Market Insights Data Point

1 min read

A Breakdown of U.S. Auto Industry Performance in October with Charlie Chesbrough 11/16/2022 CBT News, Nov. 16, 2022 – New-vehicle sales volume has been stuck around the 1.1 million mark for several months. On today’s Inside Automotive, Charlie Chesbrough, senior economist and senior director of industry automotive of Cox Automotive, shares his take on how the U.S auto industry fared in October of 2022. “The October sales were a bit of a pleasant surprise, they held up really well, and… Read Article

News Coverage

4 min read

New-Vehicle Inventory Rebounds in October for Most Brands 11/16/2022 New-vehicle inventory closed October at its highest level since May 2021, and prices stayed high, according to Cox Automotive’s analysis of vAuto Available Inventory data. Over the past three months, all but four major brands have seen an increase in inventory. The question is: Will demand keep up with supply? “The supply situation in the new vehicle market has significantly improved over recent months,” said Charlie… Read Article

Inventory new-vehicle inventory new-vehicle prices Market Insights Data Point

2 min read

New-Vehicle Affordability Declines Again in October, Monthly Payment Hits Another Record High 11/15/2022 New-vehicle affordability declined again in October with auto loan rates reaching a 20-year high as prices increased slightly, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. The number of median weeks of income needed to purchase the average new vehicle in October increased to 42.8 weeks from an upwardly revised 42.6 weeks in September. Cox Automotive/Moody's Analytics Vehicle Affordability IndexOctober 2022 Weeks of Income Needed… Read Article

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

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