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Transformation Toward eCommerce in Automotive Retailing 12/01/2021 The way the world buys and sells vehicles is changing. It’s not happening all at once and the changes vary by retailer and consumer, but the industry is currently at a major tipping point in its transformation toward eCommerce. We will explore why this transformation is occurring, how to approach this change, and what retailers could be doing to succeed as the industry changes. Consumer expectations… Read Article

Esntial Commerce Market Insights Commentary & Voices

Strategic Inventory Management a Must in Low-Inventory Market 12/01/2021 November new-vehicle sales are forecast by our team to be modestly better than October, but down significantly from November 2020 and well off the 16-to-17 million sales pace the industry enjoyed prior to the global pandemic. Supply chain disruptions and the well-documented microchip shortages have had an enormous impact on both consumers and dealers. On-the-ground inventories are in some cases 15-to-20% of pre-pandemic levels, transaction prices… Read Article

Inventory incentives new-vehicle inventory Market Insights Commentary & Voices

Yes, Destination Charges – and all Vehicle Transportation Costs – Are Up: Here’s Why 12/01/2021 There’s been a lot of talk in the industry lately about rising destination charges on new cars. Some assume that automakers are pushing up the prices to cushion their profits, but there’s perhaps a more straightforward answer: It’s gotten much more expensive to transport vehicles due to the pandemic. At Cox Automotive, our Manheim Logistics brands – Ready Logistics and Central Dispatch – touch 10 million vehicle… Read Article

Market Insights Commentary & Voices

Cox Automotive Forecast: November Auto Sales Stuck in Low Gear As Consumers and Dealers Face Tight New-Vehicle Inventory and High Prices 11/29/2021 UPDATED, Dec. 2, 2021 – Based on our data and reports from the industry, it’s clear that November auto sales were well below year-ago levels. The sales pace last month was likely closer to 13 million, below our forecast of 13.4 and significantly lower than November 2020’s pace of 15.9 million. Sales in November were similar to October – slow. The chip shortage continues to constrain… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Auto Market Weekly Summary 11/29/2021 While the number of COVID-19 daily new cases is increasing, the economy grew, consumers spent money, home sales rose, and jobless claims dropped to pre-pandemic levels. GDP revised up: The second estimate of third-quarter real GDP resulted in an upward revision to growth of 2.1% annualized from the first estimate of 2.0%. Personal consumption was revised up to 1.7% from the original estimate of 1.6%. Spending… Read Article

Market Insights Smoke on Cars Economy & Trends

Podcast: Manheim Logistics VP Joe Kichler 11/23/2021 Auto Remarketing Podcast, Nov. 23, 2021 – Joe Kichler, vice president of Manheim Logistics, joins the Auto Remarketing Podcast in an on-site episode from Used Car Week earlier this month. Kichler and Auto Remarketing senior editor Joe Overby talk about Manheim's partnership with DHL, the transportation space and much more. Listen to the Episode. Read Article

News Coverage

Cox Automotive Auto Market Report: November 23 11/23/2021 The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation. Read Article

Market Insights Smoke on Cars

Five Takeaways from Latest COVID-19 Consumer Impact Study 11/23/2021 Cox Automotive has been tracking consumer behavior throughout the pandemic to measure how vehicle purchase intenders have been reacting to changing market conditions. With COVID-19 vaccines available for more of the population and boosters rolling out, a fresh round of research was conducted last month. More than half of Americans indicated they are now “not at all” or only “somewhat” concerned about the pandemic, according to the… Read Article

COVID-19 Consumer Impact Study Market Insights Data Point

Cox Automotive’s Charlie Chesbrough on How Car Dealers Can Remain Successful in Q4 11/22/2021 Nov. 22, 2021, CBT News Inside Automotive – As we move through the final quarter of the year, you may be asking yourself what can you do to remain successful, despite the industry’s inventory and chip shortages? On today’s show, Jim Fitzpatrick is pleased to welcome back Charlie Chesbrough, Senior Economist and Senior Director of Industry Insights at Cox Automotive to walk us through his recommendations and predictions for Q4… Read Article

News Coverage

Used-Vehicle Inventory Edges Higher; Average Price Just Shy of $27,000 11/22/2021 Used-vehicle inventory edged slightly higher in October as the average listing price kept climbing, now just shy of $27,000, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.30M Total UnsoldUsed Vehiclesend of October 42 Days' Supply $26,971 Average Listing Price 68,132 Average Mileage The total supply of unsold used vehicles on dealer lots across the U.S. edged higher to 2.30 million units at… Read Article

Inventory used-vehicle prices used-vehicle inventory Market Insights Data Point

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