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Record April Sales Deplete May New-Vehicle Inventory 05/14/2021 Record April sales significantly depleted the inventory of new vehicles for the usually booming month of May, a situation exacerbated by production disruptions caused by the global computer chip shortage, according to a Cox Automotive analysis of the vAuto Available Inventory data. 2.24M Total Inventory 44 Days' Supply Average Listing Price The total U.S. supply of available unsold new vehicles stood at 2.24 million as April… Read Article

Inventory new-vehicle inventory days' supply Market Insights Data Point

Cox Automotive Analysis: Honda Quarterly Market Performace 05/14/2021 Honda Motor in Japan reported earnings for its full fiscal year and the quarter that ended March 31, 2021. In the U.S., one of its most important markets, American Honda, which includes the Honda and Acura brands, significantly improved sales in the quarter, reduced incentives and gained in pricing. Here are data for the quarter from Cox Automotive on American Honda’s performance. Sales and Market Share… Read Article

Honda Market Insights Data Point

CPO Sales in April Outshine Strong Used-Vehicle Market 05/13/2021 Coming down from a record-breaking month in March, the certified pre-owned (CPO) market still performed well with 259,242 CPO units sold in April, a 9% month-over-month decrease but a 104% year-over-year increase. CPO sales in April 2021 outperformed the same month in 2019 by 25,702 units. Year-to-date CPO sales are up 29% versus the same time in 2020, with 956,070 CPO units sold through April. For… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point

Cox Automotive Analysis: Toyota Quarterly U.S. Market Performance 05/12/2021 Toyota Motor reports financial results for Q4 FY 2020, the January-to-March 2021 quarter, on Wednesday, May 12, the fourth quarter of its fiscal year that ended March 31, 2021. In the U.S., one of its most important markets, Toyota far outpaced the overall market in sales for the quarter, pushing market share higher. Lexus outpaced other luxury makers and surpassed BMW, becoming the No. 2 luxury… Read Article

Toyota Market Insights Data Point

U.S. New-Vehicle Shoppers Expect Limited Choices, High Prices 05/11/2021 ATLANTA, May 11, 2021 – New consumer research conducted by Kelley Blue Book indicates consumers in-market for a new automobile are expecting to be greeted by limited choices and high prices. The research, which involved surveying consumers during the final full week of April, found that three out of four in-market shoppers—those likely to purchase within a year—are familiar with the global microchip shortage and its impact on… Read Article

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Q1 2021 Kelley Blue Book Brand Watch Report: Tesla, Volvo Gain While BMW, Mercedes-Benz Slip 05/11/2021 Tesla made a stunning comeback by nearly every measure in the Kelley Blue Book Brand Watch™ report for luxury vehicles for the first quarter of 2021. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in consumer shopping behavior to determine how a brand or model stacks up with its segment competitors on a dozen factors key to a consumer’s… Read Article

Kelley Blue Book Brand Watch Luxury Market Insights Commentary & Voices

Cox Automotive Analysis: Nissan Quarterly U.S. Market Performance 05/11/2021 Nissan Motor Co. in Japan reported financial results on Tuesday, May 11, for the quarter and fiscal year that ended March 31. Nissan is one year into its four-year turnaround plan announced last spring. Success in the U.S. is the centerpiece of that plan. The following data from Cox Automotive on Nissan’s quarterly market performance in the U.S. shows the Japanese automaker is making some progress.… Read Article

Nissan Market Insights Data Point

Auto Credit Availability Increased Again in April But Trends Varied by Channel and Lender 05/11/2021 Access to auto credit increased again in April, and auto loan credit was the most accessible since April 2020, according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index increased 0.4% to 98.4 in April, reflecting that auto credit was easier to get in the month compared to March. Access is tighter by 2.4% year over year, but that comparison is against abnormal credit conditions in April 2020. Compared to February 2020, access is tighter by 0.7%. Click image to enlarge. Trends diverged by loan type in April. New Loans loosened the most, while financing… Read Article

credit consumer credit Dealertrack Credit Availability Index auto loans Market Insights Data Point

Auto Market Weekly Summary 05/10/2021 The trend in new daily COVID-19 cases declined again last week, but the vaccination pace slowed as well. In terms of the economy, the jobs recovery lost momentum, but vehicle sales soared. The vehicle market improved upon March’s incredible performance with even tighter supply. New and used retail sales beat the April 2019 performance. Used-vehicle values jumped 8.3% in April and are up 54.3% against the… Read Article

Market Insights Smoke on Cars Economy & Trends

3 Straight Record Months in Manheim Used Vehicle Value Index 05/07/2021 Auto Remarketing, May 7, 2021 – Make that three straight months of records for the Manheim Used Vehicle Value Index. The Cox Automotive business unit’s measure of wholesale car prices came in at 194.0 for April, which beat year-ago figures by 54.3% and was nearly a 15-point jump from the prior record set a month before (179.2). Mix, mileage and seasonally adjusted, wholesale values were up… Read Article

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