Market Insights and Outlook - Cox Automotive Inc.

Welcome to Cox Automotive
Market Insights & Outlook

All Smoke on Cars Commentary & Voices Data Point Economy & Trends CAMIO

Q3 2023 Cox Automotive Industry Insights and Sales Forecast Call Replay Available 09/26/2023 A replay of the Q3 2023 Cox Automotive Industry Insights and Sales Forecast Call held on Tuesday, Sept. 26, is available below. Chief Economist Jonathan Smoke and the Economic and Industry Insights team shared data and insights regarding the performance of the consumer, industry, and economy in the third quarter, including updated 2023 Cox Automotive forecasts and the Cox Automotive Q3 and September U.S. auto sales forecast. Plus, take a listen to DJ… Read Article

sales forecast U.S. auto sales Market Insights Smoke on Cars Commentary & Voices

2023 Cox Automotive Forecasts 09/26/2023 Cox Automotive provides forecasts on the new and used vehicle markets as well as leasing, fleet and CPO sales and the Manheim Used Vehicle Value Index. The Economic and Industry Insights team reviews the forecasts quarterly and updates them as changes in the market dictate. The updated 2023 forecasts were presented during the Cox Automotive Industry Insights and Sales Forecast Call on Sept. 26. Note: For… Read Article

sales forecast U.S. auto sales Market Insights Data Point

New-Vehicle Market Shrugs Off High Loan Rates, UAW Strike, Closes Q3 on a Strong Note; September Sales Forecast by Cox Automotive to be Up 13% Year Over Year 09/26/2023 ATLANTA, Sept. 26, 2023 – The U.S. auto industry’s robust year-over-year sales recovery continued in the third quarter, according to a forecast released today from Cox Automotive. Despite rising interest rates on new-vehicle loans and a strike by the United Auto Workers against the major domestic automakers, sales volumes in September are forecast to reach nearly 1.3 million, an increase of more than 13% from 2022.… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Q3 2023 Cox Automotive Industry Insights and Sales Forecast Call Presentation Available 09/26/2023 The Q3 Cox Automotive Industry Insights and Sales Forecast call will be hosted today, Sept. 26, at 11 a.m. EDT, shortly before the auto industry closes the book on the third quarter. Join Chief Economist Jonathan Smoke, Stephanie Valdez-Streaty, director of Industry Insights, Senior Economist Charlie Chesbrough, plus Chris Frey and Jonathan Gregory, senior managers of Economic and Industry Insights, to hear how the auto industry performed in the third quarter… Read Article

sales forecast U.S. auto sales Market Insights Commentary & Voices

Auto Market Weekly Summary 09/25/2023 New construction trends were mixed in August with starts down, permits up, multifamily weak, but single family more stable. Existing home sales declined again in August when a small increase had been expected. Jobless claims are declining in September. The labor market is not as strong as it was a year ago, and claims have increased in 2023, but they are declining now by almost every… Read Article

Market Insights Smoke on Cars Economy & Trends

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

Follow us on Twitter

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