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6 min read
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…
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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…
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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…
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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…
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Vehicle Affordability Index
Cox Automotive/Moody's Analytics Vehicle Affordability Index
VAI
vehicle affordability
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2 min read
Wholesale Prices Surging Early in 2021, Reach Record High in February
03/05/2021
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.79% month over month in February. This brought the Manheim Used Vehicle Value Index to 169.2, a 17.9% increase from a year ago and a record high for the Index. Manheim Market Report (MMR) prices strengthened as the month progressed. The Three-Year-Old MMR Index, which represents the largest model year cohort at auction,…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Data Point
4 min read
Chip Shortage Still No Major Disruptor of Inventory
03/04/2021
Vehicle models affected by the global shortage of computer chips that forced automakers to trim production continue to have a healthy supply, with some exceptions, according to a Cox Automotive analysis of vAuto Available Inventory data. In the U.S., about 30 models are affected by the chip shortage based on AutoForecast Solutions’ analysis of plants that have experienced production cuts due to the shortage. It seems likely…
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new-vehicle inventory
days' supply
computer chip shortage
Market Insights
Data Point
1 min read
13-Month Rolling Used-Vehicle SAAR
03/04/2021
As another data point to monitor the health of the automotive market, according to Cox Automotive estimates, total used-vehicle sales were down 3% year over year in February. We estimate the February used SAAR to be 38.0 million, down from 39.4 million last February and flat compared to January’s 38.1 million rate. The used retail SAAR takes it a step further by only looking at used…
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used car SAAR
Market Insights
Data Point
CAMIO
5 min read
Japanese Hybrids Dominate Electrification in Shopping, Sales
03/03/2021
New EVs – 100% battery-powered vehicles – are generating a lot of buzz and excitement in the market right now, but in fact, U.S. consumers seem to favor hybrids and plug-in hybrids when shopping and buying electrified vehicles, specifically those from Toyota and Honda, according to Cox Automotive data. February sales were further proof. While Toyota’s February sales were down overall, it sold 41,706 electrified vehicles,…
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Electric Vehicles
EV
Hybrids
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Electrification
Market Insights
Data Point
4 min read
2020 Was a Breakout Year for New Form Online Retailers
03/03/2021
For 11 years now, the Cox Automotive Research & Market Intelligence team has been tracking the journey of car buyers, a winding road roughly 50 million Americans take every year as they set out to buy a vehicle, either new or used. The study, which has evolved over the past decade, is designed to provide a comprehensive look at the vehicle buying process in America, from the earliest…
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Car Buyer Journey
Market Insights
Data Point
5 min read
Week #49 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke
03/02/2021
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…
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Market Insights
Smoke on Cars
5 min read
Cox Automotive Analysis: FCA’s Q4 2020 U.S. Market Performance
03/02/2021
The last quarterly financial report issued by Fiat Chrysler Automobiles, now part of Stellantis, will be posted on Wednesday, March 3. In January, FCA closed the deal with France’s PSA Group (Peugeot) to merge into the newly formed Stellantis, becoming the world’s fourth-largest car company. Speculation has swirled regarding the new management’s plan for the future of FCA’s brand. In the U.S., it has a half-dozen…
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FCA
Market Insights
Data Point
4 min read
Auto Market Weekly Summary
03/01/2021
We are past the effect of the severe winter weather a week ago. As a result, COVID-19 testing is growing again, and the new daily case trend is again on the rise. Still, it remains well below the case trend in January or early February. Consumers spend: Consumer spending increased in January as incomes jumped with the $900 billion stimulus package delivering more unemployment benefit payments as…
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Market Insights
Smoke on Cars
Economy & Trends
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…
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