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8 min read
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
Cox Automotive Dealer Sentiment Index CADSI Press Releases
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
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5 min read
Cox Automotive Auto Market Report: Nov. 26 11/26/2024 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
Cox Automotive Forecast: November New-Vehicle Sales Pace Holds Steady as Market Appears Poised to End 2024 on a Strong Note 11/26/2024 ATLANTA, Nov. 26, 2024 – New-vehicle sales for November are expected to maintain a steady seasonally adjusted annual rate (SAAR) of 16.0 million, consistent with the sales pace observed in October, according to the Cox Automotive forecast released today. This represents an increase from last November’s SAAR of 15.5 million. However, the sales volume is expected to reach 1.32 million, a decline of 1.3% from October… Read Article
new-vehicle sales sales forecast SAAR Press Releases
3 min read
EV Market Monitor – October 2024 11/25/2024 The U.S. electric vehicle (EV) market is on track for another record-breaking year, with October showing growth in both new and used EV sales. During this period, the gap in days’ supply between new EVs and new traditional models remained wider than the gap for those vehicles in the used market. Meanwhile, the average transaction price for new EVs has slightly decreased and used EV prices… Read Article
Electric Vehicles EV sales Market Insights Data Point
1 min read
Register Today: Cox Automotive Industry Insights and Forecast 2025 Call 11/25/2024 The Cox Automotive Economic and Industry Insights team looks forward to providing even more actionable and thought-provoking insights in 2025. Register now for the Cox Automotive Industry Insights and Forecast 2025 call, scheduled for Tuesday, Dec. 17, at 11 a.m. EST. Traditionally, the Industry Insights webcast is hosted in January to kick off the new year. This year, the event is moved up to deliver the 2025 forecast well before the… Read Article
Market Insights Commentary & Voices
4 min read
Auto Market Weekly Summary 11/25/2024 Key Highlights U.S. housing market data reveal mixed signals, potentially influencing auto market recovery timelines. Jobless claims indicate a persistently softening labor market, raising concerns about consumer spending power. Consumer sentiment improves year over year, but expectations are mixed, impacting big-ticket purchases like vehicles. Residential Construction Offers Mixed Signals The latest housing market data highlights declining trends in residential construction, reflecting potential headwinds for auto sales… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
1 min read
Manheim Market Insights Series: Episode 27 11/22/2024 Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights the mid-month Manheim Used Vehicle Value Index (MUVVI), days’ supply, affordability and electric vehicle prices both… Read Article
Manheim Market Insights Market Insights Commentary & Voices
2 min read
Cox Automotive Announces the Departure of Dale Pollak, Founder of vAuto, at the End of 2025 11/21/2024 ATLANTA, Nov. 21, 2024 – Cox Automotive announced today that Dale Pollak, executive vice president and the founder of vAuto, will leave the company at the end of 2025. Throughout next year, Pollak will focus on transitioning key customer relationships and his industry-leading thought leadership, as well as continue his National Automobile Dealers Association (NADA) teachings. Pollak will also represent Cox Automotive at NADA Show in January,… Read Article
Press Releases
5 min read
Wholesale Used-Vehicle Prices Increase in First Half of November 11/19/2024 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.6% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index increased to 206.1 and is now showing a gain of 0.5% from the full month of November 2023. The seasonal adjustment amplified the results for the month, as the seasonal factor moved much closer to the long-term… Read Article
Manheim Used Vehicle Value Index MUVVI Market Insights Data Point
4 min read
Auto Market Weekly Summary 11/18/2024 Key Highlights Headline inflation rose by 0.2% in October, with significant contributions from shelter and transportation costs. Retail sales in the auto sector increased by 1.6% in October, outpacing the broader market. Auto loan performance remains weak, with 60-day+ delinquencies rising for the sixth consecutive month. Inflation Rises The auto industry is experiencing price dynamics influenced by inflation trends. Headline inflation rose by 0.2% in October,… Read Article
Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends
4 min read
Cox Automotive Deal API Revolutionizes Car Buying with Omnichannel Deal Connectivity 11/18/2024 ATLANTA, Nov. 18, 2024 – Cox Automotive Deal API, a cutting-edge solution from Cox Automotive, is transforming the automotive industry by enabling omnichannel car-buying experiences across all online channels and in-store systems. Cox Automotive Deal API empowers OEMs, lenders and independent software partners to deliver deal consistency at every touchpoint, bridging data gaps between systems and making it easier to buy and sell cars.  Cox Automotive… Read Article
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