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Week #48 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 02/23/2021 Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impactContinuing jobless claims and impacts by stateConsumer sentiment in the U.S. and in the largest DMAsCox Automotive consumer survey results on shopping and service0% APR offersNew- and used-vehicle inventoryWholesale and retail prices and… Read Article

Market Insights Smoke on Cars

Cox Automotive February Forecast: U.S. Auto Sales Remain Relatively Strong Despite Challenges 02/23/2021 ATLANTA, Feb. 23, 2021 – February sales when reported next week are expected to show a relatively strong vehicle market in the U.S., though slowing from January’s robust post-holidays pace. The seasonally adjusted annual rate (SAAR) of sales this month is forecast by Cox Automotive to be near 16.3 million, down from January’s 16.6 million level and below last year’s 16.8 million. However, given ongoing pandemic… Read Article

new-vehicle sales sales forecast 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

Auto Market Weekly Summary 02/22/2021 The downward trend in new daily COVID-19 cases continues, but winter weather impacted economic activity and vehicle sales over the past two weeks though housing strengthened. Retail sales rise: Retail sales jumped in January, supported by the $600 stimulus checks issued early in the month in the $900 billion stimulus package signed into law at the end of December. Retail sales increased 5.3% in January, but… Read Article

Market Insights Smoke on Cars Economy & Trends

Turning the Lessons of COVID-19 Into Competitive Advantages 02/18/2021 The COVID-19 pandemic turned 2020 into one of the most difficult years in a century, uprooting lives all over the world. Last March, many people in the U.S. had to quickly adapt to what is now commonly referred to as the “new normal.” The pandemic also significantly altered the U.S. automotive industry, particularly in three ways: 1) THE DIGITIZATION OF RETAIL2) THE RISE OF TOUCHLESS SERVICE3)… Read Article

Digital Retailing Digitization of End-to-End Retailing touchless service Market Insights

Auto Sales Should Catch Up as Texas Thaws 02/18/2021 Winter storms that have swept across a large swathe of the U.S., particularly hitting hard the big vehicle-buying state of Texas, should not badly damage vehicle sales this quarter. In Texas, winter storms caused massive power outages that closed dealerships as well as disrupted computer chip production in Austin and vehicle assembly for GM and Toyota. The state historically accounts for 9% of all new-vehicle sales… Read Article

U.S. auto sales Market Insights Commentary & Voices

What the Latest Cox Automotive Insights Reveal About Consumer Perception – Michelle Krebs & Vanessa Ton 02/18/2021 CBT News, Feb. 19, 2021 – Cox Automotive recently published the Kelley Blue Book Brand Watch Reports on the luxury and non-luxury segments. The study covers both luxury and non-luxury segments. Today on CBT News, Michelle Krebs and Vanessa Ton join the show to discuss findings from the report. Krebs is the executive analyst for Autotrader and Vanessa Ton is senior research manager for Cox Automotive.… Read Article

News Coverage

Used-Vehicle Supply Dips as Sales Pace Quickens 02/18/2021 Used-vehicle inventory and prices slipped a bit in January as the sales pace for the month quickened, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.66M Total Unsold Used Vehicles end of January 48 Days' Supply $21,572 Average Listing Price 66,545 Average Miles The total U.S. supply of unsold used vehicles closed January at 2.66 million vehicles, down from 2.68 million at the… Read Article

Inventory used-vehicle inventory Market Insights Data Point

Wholesale Prices Jumping Early in 2021 02/17/2021 Given the ongoing turbulence in the automotive marketplace, the Cox Automotive Economic & Industry Insights team is publishing its mid-month view of the wholesale market, including wholesale prices. The posted material provides commentary and an updated look at the Manheim Used Vehicle Value Index and general information on segment performance for the first 15 days of February. Access the Mid-Month Update for the full report. The complete… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Week #47 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 02/16/2021 Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impactContinuing jobless claims and impacts by stateConsumer sentiment in the U.S. and in the largest DMAsCox Automotive consumer survey results on shopping and service0% APR offersNew- and used-vehicle inventoryWholesale and retail prices and… Read Article

Market Insights Smoke on Cars

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