Market Insights and Outlook - Cox Automotive Inc.

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.

1 min read

Wholesale Prices Begin To Cool 09/17/2020 Given the current 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 for September and general information on segment performance for the first 15 days of September. The complete suite of monthly MUVVI data… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

3 min read

Used-Vehicle Supply Stabilizes; Prices Climb 09/16/2020 Used-vehicle prices keep rising while the inventory of unsold used vehicles stabilizes and even slightly improves in contrast to new-vehicle inventory that is falling, according to a Cox Automotive analysis of vAuto Available Inventory data. As of the start of this week, the total U.S. supply of unsold used vehicles stood at 2.23 million, edging slightly up from a month ago when it was 2.20 million… Read Article

Inventory used-vehicle inventory Market Insights Data Point

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CPO Sales Drop in August, Remain Down 9% Overall 09/15/2020 Sales of certified pre-owned (CPO) vehicles decreased 9% year over year in August and were down 6% month over month compared to July. For August, 238,498 CPO units were sold. CPO sales were on the rise for the past two months. Reflecting huge decreases in March and April and the impact of COVID-19, CPO sales are down 9% year to date versus the same time in… Read Article

CPO certified pre-owned Market Insights Data Point

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New-Vehicle Inventory, Especially Luxury, in Freefall 09/10/2020 The supply of new vehicles is in freefall as the inventory of unsold new vehicles fell again in August with luxury inventory plummeting, according to a Cox Automotive analysis of vAuto Available Inventory data. The total U.S. supply of unsold new vehicles stood at 2.26 million units as of Aug. 31, down from 2.33 million at the end of July and down from 3.13 million at… Read Article

Inventory new-vehicle inventory Market Insights Data Point

1 min read

Three-Peat for the Manheim Index as Used Vehicle Values Set Another Record 09/08/2020 Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.64% month over month in August. This brought the Manheim Used Vehicle Value Index to 163.7, a 15.8% increase from a year ago and another record high for the Index. Access the full report. For 25 years, the MUVVI has been the definitive source on the state of the used vehicle market. Based… Read Article

Wholesale Manheim Used Vehicle Value Index Used Car Market Insights Data Point

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13-Month Rolling Used-Vehicle SAAR 09/04/2020 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 4% year over year in August. We estimate the August used SAAR to be 38.0 million, down from 39.7 million last August and flat compared to July. The used retail… Read Article

used car SAAR Market Insights Data Point CAMIO

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By the Numbers, a GM and Honda Alliance in North America Makes Good Sense 09/03/2020 General Motors and Honda have signed a memo of understanding to form a North American automotive alliance that could include sharing vehicle platforms and propulsion systems, including both electrified and gas ones, for a range of models sold by both brands. The two companies may also work together in purchasing, research and development and connected services. They will pool their resources to accelerate development of future… Read Article

Market Insights Data Point

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Fleet Sales Recovery Reverses in August, Down 51% Year Over Year 09/03/2020 The month-over-month improvement in fleet sales reversed in August with only 101,159 of total fleet volume, down from 104,769 in July and 206,652 in August 2019. Combined rental, commercial and government purchases of new vehicles were down 51% year over year in August. Government units were up 13.5% year over year, on a small base, while rental units were down 83% year over year in August,… Read Article

Market Insights Data Point

3 min read

With Inventory Down, Cash Incentives Follow. Except With Full-Size Pickups. 09/02/2020 Cox Automotive is forecasting August sales will beat July, marking a fourth consecutive month of rising sales. In a bit of good news, many new-vehicle dealers in mid-August were indicating sales and service levels approaching something close to normal. The story in August, as it has been all summer, was about low inventory levels holding back a more robust sales recovery. The month began with 26% less new-vehicle inventory… Read Article

Market Insights Data Point

5 min read

COVID-19: Tracking U.S. Consumer and Automotive Dealer Sentiment (Issue #17) 08/26/2020 The Cox Automotive Industry Insights team has published another round of research on the evolving impact of COVID-19 on consumers and automobile dealers in the U.S. The report was released today. This ongoing research, which sheds light on consumer and dealer attitudes and behaviors during the pandemic, began in late March and continues to be updated biweekly. This issue, the 17th report in the series. offers… Read Article

COVID-19 consumer sentiment Market Insights Data Point

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