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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

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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,… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

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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… Read Article

new-vehicle inventory days' supply computer chip shortage Market Insights Data Point

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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… Read Article

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,… Read Article

Electric Vehicles EV Hybrids Electrified Vehicles 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… Read Article

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… Read Article

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… Read Article

FCA Market Insights Data Point

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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… Read Article

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… Read Article

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