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U.S. Automobile Dealers Find Optimism in Declining COVID-19 Cases, Vaccine Availability 03/08/2021 ATLANTA, March 8, 2021 – With COVID-19 case trends declining and vaccination rates increasing, U.S. automobile dealers are mostly optimistic about the automobile market in the coming 90 days, according to the latest Cox Automotive Dealer Sentiment Index (CADSI) released today. The 90-day outlook index jumped 11 points to 59, the highest level since the onset of the global pandemic, indicating automobile dealers in the U.S. believe the… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

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

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

All Press Releases Market Insights News Coverage

CPO Sales Up Month over Month in May, On Record-Setting Pace 06/11/2021 The certified pre-owned (CPO) market performed well with 268,452 CPO units sold in May, a 4% month-over-month increase and a 13% year-over-year increase. CPO sales in May 2021 outperformed the same month in 2019 by 16,589 units. With 1,224,522 CPO units sold through May, CPO sales are up 25% versus the same time in 2020 and are above the same period in 2019 when 977,333 units… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point

New-Vehicle Inventories Continue to Drop, Reach Record Low In May 06/11/2021 The auto industry entered June with historically low inventories of unsold new vehicles due to continued strong sales and further production disruptions caused mostly by the global computer chip shortage, according to a Cox Automotive analysis of the vAuto Available Inventory data. 1.78M Total Inventory 35 Days' Supply Average Listing Price The total U.S. supply of available unsold new vehicles stood at 1.78 million units as… Read Article

Inventory new-vehicle inventory days' supply Market Insights Data Point

Auto Credit Availability Tightened in May 06/10/2021 Access to auto credit declined in May after loosening for three straight months for all types of auto loans, according to the Dealertrack Auto Credit Availability Index. The All Loans Index declined 0.7% to 97.7 in May, reflecting that auto credit was harder to get in the month compared to April. Access was looser by 0.7% year over year, but compared to February 2020, access was tighter by 1.5%. Click image to enlarge. Most loan types tightened in May with only new loans from non-captives… Read Article

credit consumer credit Dealertrack Credit Availability Index auto loans Market Insights Data Point

Safety Means Preparing for the Unexpected 06/09/2021 June is National Safety Month and, more than ever, the past year has pushed us to think more deeply about how safety must continue to be a core part of our strategic goals. The global pandemic was for Cox Automotive, as it was for everyone, a crash course in workplace safety, requiring us to create and adhere to new safety protocols, address workplace concerns, and listen carefully to the needs of our… Read Article

Market Insights Commentary & Voices

May Fleet Sales Rebound After April Drop 06/08/2021 In May, 168,166 total fleet units were sold, a 14% month-over-month increase compared to 148,118 in April but a 222% increase from May 2020 which recorded 52,203 units. This brings the 2021 year-to-date total combined large rental, commercial, and government purchases of new vehicles to 830,950 units, a .9% decrease from this time in 2020 when 838,499 units were sold and a 39% decrease from the… Read Article

Fleet fleet sales Market Insights Data Point

Cox Automotive Auto Market Report: June 8 06/08/2021 After a year’s worth of videos tracking the COVID-19 pandemic’s impact on the auto market, we are launching a biweekly Auto Market Report video series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke will continue to lead our effort to translate data and trends into actionable insights. Download this week’s presentation. Read Article

Market Insights Smoke on Cars

Auto Market Weekly Summary 06/07/2021 May saw 559,000 new jobs created but 675,000 had been expected. The headline unemployment rate and the underemployment rate both fell to new lows for the pandemic. New jobless claims also fell again last week to their lowest level for the pandemic. Average hourly earnings are growing at a solid pace even though the majority of jobs being created are lower-wage jobs. The new-vehicle market lost some momentum… Read Article

Market Insights Smoke on Cars Economy & Trends

Wholesale Prices Continue Record-Setting Surge, Manheim Index Up Nearly 50% From a Year Ago 06/07/2021 Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 4.65% month over month in May. This brought the Manheim Used Vehicle Value Index to 203.0, a 48.2% increase from a year ago and a record high for the Index. Manheim Market Report (MMR) prices saw weekly increases in May that slowed as the month progressed. Over the four full weeks of May, the Three-Year-Old… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

13-Month Rolling Used-Vehicle SAAR 06/04/2021 As another data point to monitor the health of the automotive market, according to Cox Automotive estimates, total used vehicle sales were up 3% year over year in May. We estimate the May used SAAR to be 41.0 million, up from 39.9 million last May and flat compared to April. The used retail SAAR takes it a step further by only looking at used vehicles sold… Read Article

used car SAAR Market Insights Data Point CAMIO

A Segment is (Re)Born 06/03/2021 Update – As speculated in the April 14 article on the rebirth of the compact truck segment, Ford confirmed today that it is adding an all-new compact pickup called Maverick to its Built Ford Tough lineup. The company will debut the 2022 Ford Maverick on its new U.S. TikTok channel on Tuesday, June 8. Prior to the reveal of the Hyundai Santa Cruz and Ford Maverick,… Read Article

Ford Hyundai Santa Cruz compact pickup trucks Maverick Market Insights Data Point

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