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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

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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

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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

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3 min read

New-Vehicle Inventory Stabilizes as Sales Incentives Increase and Model Year 2025 Vehicles Arrive 09/19/2024 According to the most recent analysis of vAuto Live Market View data, sales volume and days’ supply average have stabilized following two months of reporting volatility. An industry-wide disruption caused by a cyber breach at a widely used dealer management system (DMS) supplier created fluctuations in reporting across Cox Automotive’s data sets. 2.84M Total Inventoryas of Sept. 5, 2024 77 Days' Supply $46,841 Average Listing Price… Read Article

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Fed Pivots: With a Big Cut, the Journey to Stronger Retail Demand Begins 09/18/2024 The Federal Reserve changed their tune dramatically today from their stance at the last official meeting on July 31 by cutting the Fed Funds Rate by 50 basis points, double the consensus expectation of a 25-basis-point cut. This was the first official rate policy move in more than a year – the first move down since March 2020 – and begins the process of moving rates… Read Article

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Cox Automotive Auto Market Report: Sept. 17 09/17/2024 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

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Wholesale Used-Vehicle Prices Decrease in First Half of September 09/17/2024 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 0.2% from August in the first 15 days of September. The mid-month Manheim Used Vehicle Value Index decreased to 203.6, down 5.0% from the full month of September 2023. The seasonal adjustment softened the results. The non-adjusted price change in the first half of September rose 0.2% compared to August, while the unadjusted price… Read Article

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Used Retail Vehicle Sales Pick Up Steam in August 09/16/2024 According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in August increased from July. The 8% month-over-month gain pushed retail sales estimates to the highest level since October 2021. A total of 1.7 million used vehicles were sold at retail – from both franchised and independent dealers – during August, up 13.6% year over year. Days’ supply at the end of August… Read Article

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Auto Market Weekly Summary 09/16/2024 Key Highlights Inflation has remained mostly stable, with some notable exceptions, including a surge in transportation services. Used retail sales have significantly increased, with volumes rising across the board. Consumer credit growth has seen its most substantial month-over-month escalation in nearly two years, impacting access to auto credit. Inflation and Auto Pricing Headline inflation, according to the consumer price index (CPI), increased by 0.2% in August,… Read Article

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

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New-Vehicle Affordability Improved in August to Best Level in 39 Months 09/16/2024 New-vehicle affordability improved in August to the best level since May 2021 as every factor moved in the consumer’s favor, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. Factors leading to improved new-vehicle affordability include lower prices and interest rates and higher incomes and incentives. “The affordability story is complex,” said Cox Automotive Economist Jonathan Smoke. “When analyzing the data, we observe that affordability is becoming… Read Article

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Join Us: Cox Automotive Q3 2024 Industry Insights and Sales Forecast Call 09/11/2024 The Q3 Cox Automotive Industry Insights and Sales Forecast call will be hosted on Wednesday, Sept. 25, at 11 a.m. EDT, shortly before the auto industry closes the book on the third quarter. In the upcoming webinar, Chief Economist Jonathan Smoke and the Economic and Industry Insights team will share valuable data and insights regarding the performance of the consumer, industry and economy in the quarter. Additionally, the team will review our forecasts and provide… Read Article

Market Insights Commentary & Voices

4 min read

New-Vehicle Prices Continue to Tumble in August, Incentives Up Nearly 50% Year Over Year, according to Kelley Blue Book Estimates 09/10/2024 ATLANTA, Sept. 10, 2024 – For the 11th straight month, the average transaction price (ATP) for a new vehicle in the U.S. was lower year over year, according to data released today by Kelley Blue Book, as higher inventories continue to add price pressure to the market. At $47,870, the new-vehicle ATP in August was also lower by 0.6% compared to the revised July ATP of $48,166. … Read Article

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5 min read

Auto Credit Availability Declines for August 09/10/2024 Access to auto credit declined again in August as credit tightened across all channels and most lender types, according to the Dealertrack Credit Availability Index. The All-Loans Index was 92.5 in August, down 0.5% from the July reading and down 1.7% year over year. Dealertrack Credit Availability Index1 Auto loan access worsened slightly in August and was down year over year All Auto Loans Index (Jan2019=100)… Read Article

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