Newsroom | Cox Automotive

High Interest Rates and Slow Economy Repress U.S. Automobile Dealer Sentiment 09/08/2023 ATLANTA, Sept. 8, 2023 – Overall dealer sentiment in the U.S. held mostly steady in Q3 2023 compared to Q2, as high interest rates and economic concerns weigh heavily on the U.S. auto market, according to the Cox Automotive Dealer Sentiment Index (CADSI). The Q3 current market index was 45, still below the threshold of 50, indicating that more dealers see the current auto market as… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

As Inventory Concerns Begin to Fade, Economic Uncertainty and High Interest Rates Take Center Stage for U.S. Automobile Dealers 06/07/2023 ATLANTA, June 7, 2023 – Overall dealer sentiment in the U.S. improved slightly in Q2 2023, according to the quarterly Cox Automotive Dealer Sentiment Index released today. The current market index is now at 45, up from 43 in Q1 but still below the threshold of 50, indicating that more dealers see the current auto market as weak than see the market as strong. The Q2… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

Cox Automotive Dealer Sentiment Index: Strong U.S. Auto Market Performance Expected in Q2 03/09/2023 ATLANTA, March 9, 2023 – U.S. automobile dealer sentiment in the first quarter of 2023 was little changed from the level recorded in Q4 2022 and remains at the lowest level since the height of the global COVID-19 pandemic, according to the Cox Automotive Dealer Sentiment Index (CADSI). At 43, the current market index is below the threshold of 50, indicating more dealers view the current auto… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

Cox Automotive Acquires FleetNet America 02/28/2023 ATLANTA (Feb. 28, 2023) – Driven to keep the world’s fleets moving efficiently, safely and sustainability, Cox Automotive today announced the acquisition of fleet industry leader FleetNet America®. With the acquisition, Cox Automotive Mobility and FleetNet are creating the foundation that will transform operating a fleet, where every vehicle, and every service is connected. “The market leadership that comes with this joining of our two companies is unmatched in… Read Article

Cox Automotive Mobility Press Releases

Cox Automotive’s Car Buyer Journey Study Shows Growing Frustration with Car Buying Process 01/18/2023 ATLANTA, Jan. 18, 2023 – New research released today by Cox Automotive shows that satisfaction with the car buying process declined in 2022 for the second straight year. The 2022 Car Buyer Journey Study reveals vehicle buyers were frustrated with high prices, limited availability, and the amount of time required to complete the process. Used-vehicle buyers, who are often more price sensitive and face higher interest… Read Article

Car Buyer Journey Press Releases

All Press Releases Market Insights News Coverage

Register Today: Cox Automotive Q3 2023 Industry Insights and Sales Forecast Call 09/22/2023 The Q3 Cox Automotive Industry Insights and Sales Forecast call will be hosted Tuesday, Sept. 26, 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 third quarter. Additionally, the team will review our forecasts and provide… Read Article

Market Insights Commentary & Voices

Manheim Market Insights Series: Episode 13 09/21/2023 Welcome to the monthly Manheim Market Insights update. Chris Frey, senior manager 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 midmonth Manheim Used Vehicle Value Index (MUVVI), wholesale inventory, sales conversion, used retail inventory volume,… Read Article

Manheim Market Insights Market Insights Commentary & Voices

Fed Holds Rate Policy Steady, But Bond Market Already Raised Actual Rates 09/20/2023 As expected, the Fed left rates unchanged, at least regarding the official short-term rate policy. However, they made it clear that additional rate hikes could come, as they remain “highly attentive to inflation risks.” The Fed will hold two more meetings in 2023; one on November 1 and another on December 13. The Fed also upwardly revised economic forecasts, and their revised views of GDP and… Read Article

Market Insights Smoke on Cars Economy & Trends

CarDealershipGuy Podcast: What’s Next for Car Prices and Auto Lending? | Jonathan Smoke, Chief Economist at Cox Automotive 09/20/2023 Cox Automotive Chief Economist Jonathan Smoke joins CarDealershipGuy Podcast to discuss the state of auto lending and what's to come, how interest rates are impacting the car industry, the No. 1 issue for car shoppers right now, the best and worst car deals on the market, what a UAW strike could mean for the auto industry, winners and losers in the EV space and will used-car… Read Article

News Coverage Smoke on Cars

CPO Sales Continue Trending Higher in August 09/20/2023 Certified pre-owned (CPO) sales in August rose nearly 15%, over 12,000 units, over last August to finish at 243,132. This total is up over 12,000 units, a 5% increase from July’s number. Year-to-date CPO sales remain up 8%, or over 134,000 units, compared to the first eight months of 2022. “CPO sales continue at a steadily improving measured pace, outperforming the overall used-vehicle market,” said Chris… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point

Dealership Service Ticket Volume and Revenue Bounce Back in August, According to Xtime Metrics 09/20/2023 According to a recent analysis by Cox Automotive of Xtime metrics, service activity at franchised dealerships in the U.S. rebounded in August following a drop in July. After three months of consecutive declines, service revenue increased. Although the Repair Order Volume Index decreased compared to the previous year, the Repair Order Revenue Index remains higher than in August 2022. “If you had any doubts that summer… Read Article

Operations Service Fixed Ops Xtime Market Insights Data Point

How the United Auto Workers Strike Could Impact Q4 Sales — Jonathan Smoke | Cox Automotive 09/19/2023 CBT News, Sept. 19, 2023 – Encouraging news of improving sales and affordability over the third quarter arrived amidst a backdrop of concern over a possible labor strike as the deadline for United Auto Workers leaders and Detroit-Three car manufacturers to negotiate a contract drew steadily closer. Now, 13,000 employees are staging a walkout at Stellantis, General Motors and Ford plants across the country, threatening not only… Read Article

News Coverage Smoke on Cars

Wholesale Used-Vehicle Prices Increase in First Half of September 09/19/2023 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.5% from August in the first 15 days of September. The midmonth Manheim Used Vehicle Value Index rose to 215.4, which was down 3.5% from the full month of September 2022. The seasonal adjustment assisted the increase. The non-adjusted price change in the first half of September increased 0.7% compared to August, while the… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Estimated Monthly Used-Vehicle SAAR and Volume 09/18/2023 According to Cox Automotive estimates based on vehicle registration data, total used-vehicle sales in August decreased nearly 8% from July to 3 million units. The relatively large month-over-month decline was impacted at least in part by July actuals coming in much higher than expected, due likely to some late June sales being reported in July. Retail used-vehicle sales also decreased month over month in August. Total… Read Article

used-vehicle SAAR Market Insights Data Point

Auto Market Weekly Summary 09/18/2023 The headline, aggregate measure of inflation increased on a seasonally adjusted basis in August. The Consumer Price Index (CPI) increased 0.6%, up from a 0.2% increase in July. Higher fuel prices were a key driver of the increase in August. The core CPI, which excludes Food and Energy, increased 0.3%, which was up from a 0.2% increase in July. Food and beverages, apparel, and transportation saw accelerating… Read Article

Market Insights Smoke on Cars Economy & Trends

Follow us on Twitter

For more info or news from other Cox Automotive brands, visit the following sites: