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.

8 min read

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

3 min read

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

1 min read

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

5 min read

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

3 min read

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

2 min read

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

2 min read

Wholesale Prices Continue Record-Setting Performance 05/07/2021 Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 8.30% month over month in April. This brought the Manheim Used Vehicle Value Index to 194.0, a 54.3% increase from a year ago and a record high for the Index. Manheim Market Report (MMR) prices saw weekly price increases in April that reached peak acceleration mid-month. The Three-Year-Old MMR Index, which represents the… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

3 min read

Eyes Wide Open: New Study Shows Car Shoppers Expect Higher Prices, Low Inventory 05/07/2021 You’ve likely seen with your own eyes the havoc being wreaked in the auto industry by the global microchip shortage. Drive through Dearborn, Michigan, home of Ford Motor Company and the company’s Dearborn Truck Plant, and it’s hard to miss: New Ford F-150 pickup trucks – the best-selling vehicle in America – are packed into previously vacant parking lots, built but not complete for the lack… Read Article

new-vehicle inventory computer chip shortage Market Insights Data Point

2 min read

April Fleet Sales Retreat After March Improvement, Remain Down 16% from Year-Ago Level 05/06/2021 In April, 148,118 total fleet units were sold, a 19% month-over-month drop compared to 183,042 in March but a 106% increase from April 2020 which recorded 72,084 units. This brings the 2021 year-to-date total combined large rental, commercial, and government purchases of new vehicles to 662,784 units, a 16% decrease from this time in 2020 when 786,296 units were sold and a 31% decrease from the… Read Article

fleet sales Market Insights Data Point

1 min read

13-Month Rolling Used-Vehicle SAAR 05/06/2021 As another data point to monitor the health of the automotive market, according to Cox Automotive estimates, total used vehicle sales were up 69% year over year in April. We estimate the April used SAAR to be 41.0 million, up from 23.6 million last April and up compared to March’s 40.5 million rate. The used retail SAAR takes it a step further by only looking at used… Read Article

used car SAAR Market Insights Data Point CAMIO

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