Market Insights and Outlook - Cox Automotive Inc.

Smoke on Cars Chief Economist Jonathan Smoke shares his insights on macroeconomic trends, business cycles, demand and the economic factors influencing the automotive industry today. See Insights ›

Commentary & Voices Our team of analysts and experts share their reactions, insights and unique perspectives on the behaviors, data and industry moves that are affecting the broader automotive business. See Insights ›

Data Point The automotive industry is a data-driven business. These are the data points that our team of experts and analysts find most interesting, offered with insights to explain why it matters and why you should know. See Insights ›

Economy & Trends Dynamic economic factors and market trends continually influence our industry, and Cox Automotive’s economists and analysts provide data analysis, forecasts and reports to enhance the understanding of how these factors affect the automotive marketplace. See Insights ›

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Fleet Sales Increase More Than 25 Percent in February 03/07/2019 Unlike the used market, the new-vehicle market showed no signs of improvement in February over January. New-vehicle retail sales were down 4 percent in February, leading to a retail SAAR of 13.0 million, down from 13.5 million last February. February new-vehicle total sales were down 2.4 percent year-over-year, with the same number of selling days compared to February 2018. The February total SAAR came in at 16.5 million,… Read Article

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Daily Rental Leads January Fleet Sales Increase 02/06/2019 As expected, U.S. new-vehicle sales in total were down in January compared with a year ago, but they came in a tad higher than many had forecasted. They likely got a bump for more-than-anticipated fleet sales, notably sales to daily rental car companies. Total fleet sales rose 10 percent in January, led by a 16-percent gain to daily rental companies and a nearly 6-percent rise to… Read Article

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Used-Vehicle Sales Finish Strong in 2018; Same Expected for 2019 02/01/2019 Used light-vehicle registrations finished at nearly 39.5 million units in 2018, up 100,000 units from 2017. Cox Automotive expects 2019 to rack up about the same number. Interest rate increases continue to add headwinds, but economic conditions remain favorable and continued economic growth will keep demand for personal transportation strong. Strong consumer demand due to affordability challenges with new vehicles and growth in the supply of… Read Article

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2018 CPO Sales Set Record; Another Possible for 2019 02/01/2019 Certified pre-owned (CPO) sales set a record in 2018, and another stellar year is expected in 2019. CPO sales in 2018 hit 2.70 million vehicles, up 2.1 percent from 2017, matching Cox Automotive’s forecast. The new high represents the eighth straight year of record-breaking CPO sales. Cox Automotive’s forecast for 2019 CPO sales is 2.75 million vehicles as the market looks to set another record. The… Read Article

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New-Vehicle Sales Reach 17.3 million; 2019 Less Rosy 02/01/2019 U.S. sales of new, light vehicles reached nearly 17.3 million vehicles in 2018, marking the fourth-best year ever and the fourth consecutive year of 17-million plus sales. Many forecasts, including Cox Automotive’s, predicted year-over-year sales would be slightly lower in 2018 from 2017 due higher interest rates. Indeed, higher interest rates did hamper retail sales. However, fleet sales off set the retail drop and rose more… Read Article

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Fleet Purchases Rise in 2018; Expected to Dip in 2019 02/01/2019 Fleet purchases unexpectedly drove total new-vehicle sales higher in 2018, thanks to last year’s tax reform package that made it beneficial to businesses to replace or add vehicles to their fleets. Total fleet sales finished 2018 at more than 2.7 million units, up 7 percent from 2017, a year in which fleet sales fell from the year earlier for the first time since the Great Recession.… Read Article

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