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Cox Automotive Analysis: Stellantis’ Q2 2021 U.S. Market Performance 08/02/2021 Stellantis reports second-quarter 2021 financial results Tuesday, Aug. 3. Formed by the merger of Fiat Chrysler and PSA (Peugeot) Group early this year, Stellantis posted higher U.S. sales in the quarter, though its increase was less than the overall market. Still, Stellantis, usually a big spender, slashed incentives by a third and experienced new highs for average transaction prices overall as well as for some brands… Read Article

Stellantis Market Insights Data Point

Auto Market Weekly Summary 08/02/2021 The growth trend in new daily COVID-19 cases continued last week. Consumer sentiment declined in July, but measures of consumer attitudes in July showed conflicting trends. Consumer spending improved in June even as government transfer payments declined. Inflation in June was at the highest level in more than a decade. The savings rate declined but remains elevated. New and pending home sales declined again in June,… Read Article

Market Insights Smoke on Cars Economy & Trends

In Q2, Ford Was Living The Toyota Life And Loving It. 07/30/2021 In this summer of low incentives, consumers are facing record-high vehicle prices. Inventories are low and many vehicles are being sold at or above the manufacturer's suggested retail price (MSRP). While interest rates remain favorable and help the bottom line of most deals, incentive spending has dropped off notably in 2021, putting pressure on vehicle affordability. June incentive spending by the automakers was at a year-to-date… Read Article

incentives Ford Market Insights Data Point

The Fed Not Yet Ready to Taper 07/28/2021 U.S. monetary policy was unchanged today as the Fed issued their official statement following their fifth meeting of 2021. Minimal changes were made in the official statement compared to the prior statement. They acknowledged progress towards the conditions necessary to eventually move away from easy monetary conditions but said they will continue to assess progress in future meetings. The Fed remains focused on achieving maximum employment… Read Article

Market Insights Smoke on Cars Economy & Trends

Cox Automotive Forecast: Tight Supply Puts Brakes on New-Vehicle Sales 07/27/2021 ATLANTA, July 27, 2021 – July U.S. auto sales are expected to reveal a new-vehicle market that has a large problem – too few products to sell. The sales pace, which had been averaging nearly 17.0 million a month through May, is expected to show another decline as falling inventories are halting sales activity around the country. Cox Automotive forecasts the July sales pace to fall… Read Article

new-vehicle sales sales forecast U.S. auto sales Press Releases

Cox Automotive Analysis: Nissan Quarterly U.S. Market Performance 07/27/2021 Nissan Motor Co. in Japan reports its financial results for the April-to-June quarter Wednesday, July 28. The quarter is Nissan’s first in its fiscal year that ends March 31, 2022. Nissan has been forced to cut production in Japan and the U.S. due to the global computer chip shortage, but, in the U.S., it has had more inventory than many other companies. The company, thanks to… Read Article

Nissan Market Insights Data Point

Cox Automotive Analysis: Ford’s Q2 2021 U.S. Market Performance 07/27/2021 Ford Motor Co. reports second-quarter 2021 earnings Wednesday, July 28, after the stock market closes. The global computer chip shortage has severely hampered Ford’s vehicle supply. Ford has cut production and built vehicles and parked them until chips are available. On the plus side, high consumer demand and low inventories have allowed Ford to drastically decrease incentive spending and also push average transaction prices to new… Read Article

Ford Market Insights Data Point

Cox Automotive and Penske Jointly Develop Automated Vehicle Retailing Platform for Online Car Buying 07/26/2021 CBT News, July 26, 2021 – Penske Automotive Group and Cox Automotive have debuted an industry-first automated digital retailing platform for vehicle sales. Joining CBT News today to discuss this development is Marianne Johnson, Chief Product Officer at Cox Automotive, alongside Mike Barrington, who is the Senior Vice President and Business Leader of Digital Commerce and Retail Transactions at Cox Automotive as well. Kelly Mulroney, Senior… Read Article

News Coverage

Auto Market Weekly Summary 07/26/2021 The trend in new daily COVID-19 cases continued increasing last week. Consumer sentiment declined again and is having its worst month since November. Wholesale used vehicle values continue to decline from their peak in early June. Retail prices are likely to reach their peak this month. New construction trends in June were mixed, but declining permits indicate future declines in activity as the market deals with… Read Article

Market Insights Smoke on Cars Economy & Trends

Electrified Vehicle Sales Accelerate Significantly in Q2 2021, According to Kelley Blue Book Report 07/26/2021 IRVINE, Calif., July 26, 2021 – While the U.S. automotive market has experienced growth this year in nearly every vehicle segment, Kelley Blue Book today reports no segment is growing more quickly and relentlessly than electrified vehicles – defined as the combined total of electric vehicles (EVs), hybrids and plug-in hybrids. New-vehicle demand is up across the board as the country emerges from the depths of last… Read Article

Press Releases

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