Market Insights and Outlook - Cox Automotive Inc.

CAMIO The Cox Automotive Market Insights & Outlook (CAMIO) section covers both the new- and used-vehicle markets and takes advantage of a wide range of constantly-updated data and insights produced by the Industry Insights team.

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Record-Setting CPO Sales Volume Reversed in March by COVID-19 04/16/2020 Like the new- and used-vehicle markets, the CPO market struggled last month as mandated stay-at-home orders and dealership closings severely hampered vehicle sales. Sales of certified pre-owned (CPO) vehicles decreased 40% year over year in March. CPO sales were on a record-setting pace for the year before COVID-19 and ended down 33% month over month compared to February. For March, only 158,582 CPO units were sold. This… Read Article

Market Insights Data Point CAMIO

2 min read

COVID-19 Puts Brakes on March Fleet Sales, Rental Units Down 34% 04/09/2020 Year-over-year growth in fleet sales began a strong decline compared to the prior year as combined rental, commercial and government purchases of new vehicles were down 27.6% in March. Total fleet volume in March was 229,725, down significantly from 317,427 in March 2019. Rental units led the drop with a 34% decrease while commercial vehicle sales were down 17.7% year over year in March. Retail sales… Read Article

Market Insights Data Point CAMIO

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CPO Sales up 10% Month Over Month Following Record January 03/16/2020 Sales of certified pre-owned (CPO) vehicles increased 13% year over year in February and were up 10% month over month compared to January. For the month, 238,229 CPO units were sold. This year CPO sales are up 10% versus 2019, the all-time record for the CPO market, with 454,188 sold through February. This means that the CPO market is more than 40,000 units above last year and… Read Article

Market Insights Data Point CAMIO

3 min read

13-Month Rolling Used-Vehicle SAAR 03/05/2020 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 up 4.4% year over year in February. We estimate the February used SAAR to be 39.8 million, up from 39.4 million last February and up from January’s 39.5 million rate. The used retail SAAR… Read Article

used car SAAR Market Insights Data Point CAMIO

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Fleet Sales up Slightly in February, Continue to Track Lower Year Over Year 03/05/2020 Year-over-year growth in fleet sales continue to track lower than last year even as combined rental, commercial and government purchases of new vehicles were up 2.7% in February. Total fleet volume in February was 278,561, up slightly from 271,130 in February 2019. Commercial vehicle sales were up 8.7% year over year in February. Retail sales of new vehicles were up 9.9% in February, leading to a retail… Read Article

Market Insights Data Point CAMIO

3 min read

Incentives Are Helping Keep CPO Strong 02/28/2020 Thanks in part to a strong supply of off-lease vehicles returning to the market, certified pre-owned (CPO) sales continue to be a bright spot for the auto industry. CPO sales in January were healthy, and there’s nothing that makes us believe anything will be different in February. In fact, with tax return season on the horizon, CPO/loaner/used-vehicle sales will likely be strong for the foreseeable future.… Read Article

Market Insights Commentary & Voices CAMIO

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2020 Starts With Highest CPO Sales for January in a Decade 02/19/2020 Sales of certified pre-owned (CPO) vehicles increased 8% year over year in January, starting the year off with the highest CPO sales for January in a decade. For the month, 215,959 CPO units were sold according to an analysis of Motor Intelligence data, down 8% month over month compared to December, which is typically a high-volume month for CPO sales. The strong January CPO sales follow… Read Article

CPO Market Insights Data Point CAMIO

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January Fleet Sales Reflect Expected Slowdown 02/06/2020 Fleet drove the strength in the new-vehicle market for 2019 whereas 2020 is expected to be more moderate. Combined rental, commercial and government purchases of new vehicles were down 5.3% year over year in January. Total fleet volume in January was 205,926, down from 217,500 in January 2019. Commercial vehicle sales were up 3.7% year over year in January. Retail sales of new vehicles were up… Read Article

Market Insights Data Point CAMIO

2 min read

CPO Beats Sales Forecast, Sets All-Time Record in 2019 01/16/2020 Certified pre-owned (CPO) sales volume set another record in 2019 – marking the ninth consecutive year of record-breaking sales. CPO sales reached 2.80 million vehicles in 2019, up 4% from 2018, exceeding the Cox Automotive forecast of 2.75 million. 2019 was the last big year of growth in off-lease units as we reached a total of 4.1 million leased vehicles hitting the end of their lease… Read Article

Market Insights Data Point CAMIO

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December CPO Sales End Year at Record Level 01/16/2020 Sales of certified pre-owned (CPO) vehicles increased 5% year over year in December. For the month, 235,921 CPO units were sold, down 1% month over month compared to November, which set another CPO sales record for the year. 2019 ended the year with CPO sales up 4% versus 2018, with 2.8 million sales through December and exceeding 2018’s record-setting performance. This means that the CPO market for… Read Article

Market Insights Data Point CAMIO

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