Market Insights and Outlook - Cox Automotive Inc.

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Cox Automotive Commentary: Bronco Reveal 07/13/2020 On Monday, July 13, Ford Motor Company will officially reveal a line of all-new Bronco products, arguably one of the most highly anticipated launches this year. Our analysts and experts agree: The new Ford SUVs have been developed to tap into the emotional appeal of true off-road, go-anywhere capability. More specifically, Ford’s new Bronco line is being launched as a full frontal assault on one brand:… Read Article

Market Insights Commentary & Voices

Tough Time for Dealers Seeking Inventory as Wholesale Values Soar 07/13/2020 Automotive News, July 13, 2020 – As new-vehicle inventory at dealerships wanes across the U.S., more shoppers are turning to used cars, leading to record-high auction prices as dealers scramble to replenish their stocks. For the wholesale market, it marks a quick snap back from a steep decline in the spring. And while dealers now have no problem unloading vehicles at auction, obtaining used vehicles they can sell… Read Article

News Coverage

Auto Market Weekly Summary 07/13/2020 We continue to see new peaks in daily COVID-19 cases reported in the U.S. The pace of growth is now slowing, but, unfortunately, daily deaths are now rising. The growing cases of COVID-19 threatens the economic recovery. June saw a recovery in vehicle sales and values, but a slowdown in activity from the coronavirus outbreaks could threaten job recovery and weigh on consumer sentiment. Used vehicle… Read Article

Market Insights Smoke on Cars Economy & Trends

13-Month Rolling Used-Vehicle SAAR 07/10/2020 As another data point to monitor the health of the automotive market, Cox Automotive calculates a 13-month rolling used-vehicle seasonally adjusted annual rate (SAAR). According to Cox Automotive estimates, total used-vehicle sales volume was down 12% year over year in June. We estimate the June used SAAR to be 36.0 million, down from 39.8 million last June but up from May’s 32 million rate. The used… Read Article

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Summer Sales Forecast for Auto Retail – Charlie Chesbrough, Cox Automotive 07/10/2020 CBT News, July 10, 2020 – Cautious optimism is the sentiment many dealers are feeling as the auto retail industry settles into Q3. After strong showings for sales, considering the challenges, in May and June, some experts say that the boom from pent up demand will slowly fade. Others, however, are predicting an aggressive recovery through the end of the year due to an increase in… Read Article

News Coverage

Remarkable Decline in Fleet Sales Continues in June 07/10/2020 Year-over-year fleet sales continued its remarkable decline as the combined rental, commercial, and government purchases of new vehicles were down 69% in June. Total fleet volume was 85,104, down significantly from 277,615 in June 2019. Rental units continue to lead the drop with a 94.5% decrease year over year in June. The dismal June rental result follows drops in March (-34%), April (-77%) and May (-91%).… Read Article

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With Inventory Tight, It’s a Market of Haves Versus Have-Nots 07/09/2020 New-vehicle inventories in the U.S. closed June at new recent lows, despite auto assembly plants cranking back up after lengthy spring shutdowns due to the COVID-19 pandemic, according to a Cox Automotive analysis of vAuto Available Inventory data. The total U.S. supply of unsold new vehicles stood at 2.55 million units at the end of June, down significantly from 3.23 million at the end of June… Read Article

Market Insights Data Point

Q2 2020 Manheim Used Vehicle Value Index Call Replay Available 07/09/2020 A replay of the Q2 2020 Manheim Used Vehicle Value Index Call hosted by Cox Automotive Chief Economist Jonathan Smoke and Zo Rahim, manager of Economic and Industry Insights for Cox Automotive, is available below. Jonathan and Zo were joined by Whitney Gerkin, director of Manheim's Digital Marketplace, who shared insights on how Manheim has greatly accelerated digital sales this year. This quarterly Manheim Used Vehicle… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Commentary & Voices

A Look at the First Half of 2020: Pickups, EVs and Convertibles 07/08/2020 We can all agree: It’s good to have the first half of 2020 in the rearview mirror. It will be remembered for all the wrong reasons, and all of us at Cox Automotive are hoping the second half of this not-great year has more ups than downs. Our Kelley Blue Book data team has crunched the numbers for the first half of 2020. In all, the… Read Article

Market Insights Data Point

Record-Setting Rebound in Wholesale Prices 07/08/2020 Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 8.95% month over month in June. This brought the Manheim Used Vehicle Value Index to 149.3, a 6.3% increase from a year ago and a new record-high for the Index. Access the full report. Watch a replay of the Q2 Manheim Used Vehicle Value Index webinar. The latest update of the Manheim Used… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

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