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.

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2022 Cox Automotive Forecasts 09/28/2022 Cox Automotive provides forecasts on the new and used vehicle markets as well as leasing, fleet and CPO sales and the Manheim Used Vehicle Value Index. The Industry Insights team reviews the forecasts quarterly and updates them as changes in the market dictate. The 2022 forecasts were presented during the Cox Automotive Q3 2022 Industry Insights and Sales Forecast Call on September 28. Download the 2022… Read Article

sales forecast U.S. auto sales Market Insights Data Point

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Repair Order Revenue and Volume Increase in August, according to Xtime Metrics 09/20/2022 Both service activity and service revenue at U.S. franchised dealerships jumped in August, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Revenue Index increased to a record high in August. Meanwhile, the Repair Order Volume Index increased both month over month and year over year. The monthly Xtime volume and revenue metrics are designed to showcase average service department performance over… Read Article

Operations Service Fixed Ops Xtime Market Insights Data Point

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Wholesale Used-Vehicle Prices Continue Decline in First Half of September 09/19/2022 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) declined 2.3% from August in the first 15 days of September. The Manheim Used Vehicle Value Index fell to 205.9, which was up only 0.6% from September 2021. The non-adjusted price change in the first half of September was a decline of 1.4% compared to August, moving the unadjusted average price down 1.5% year over… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

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Used-Vehicle Market Remains Resilient, Days’ Supply 30% Higher Than A Year Ago 09/16/2022 Used-vehicle inventory volume held steady from July to August, as did prices – a sign of market stability, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.46M Total UnsoldUsed Vehiclesas of Aug. 29, 2022 49 Days' Supply $28,061 Average Listing Price 70,845 Average Mileage The total supply of unsold used vehicles on dealer lots, both franchised dealers and independents, across the U.S. stood… Read Article

Inventory used-vehicle prices used-vehicle inventory Market Insights Data Point

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Estimated Monthly Used-Vehicle SAAR and Volume 09/15/2022 Total used-vehicle sales in August are estimated to be near 3.1 million units, down 11.4% from August 2021, according to Cox Automotive. The seasonally adjusted annual rate (SAAR), or sales pace, is estimated to be near 36.2 million, down from last August’s 40.8 million level and below July’s revised 38.3 million pace. Used retail sales are estimated to be lower in August. Total Used Volume and… Read Article

used-vehicle SAAR Market Insights Data Point CAMIO

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New-Vehicle Inventory Closes August at Highest Level Since June 2021 09/15/2022 New-vehicle inventory closed August higher than it did a year ago, when the global computer chip shortage began hurting production, but supply remains low compared with pre-pandemic times, according to Cox Automotive’s analysis of vAuto Available Inventory data. After bumping around through the month, the average listing price closed August about where it was at the end of July. 1.23M Total Inventoryas of Aug. 29, 2022… Read Article

Inventory new-vehicle inventory new-vehicle prices Market Insights Data Point

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Rising Prices and Rates Make New Vehicles Increasingly Unaffordable 09/15/2022 With new-vehicle prices setting a new record and auto loan rates reaching a more-than-10-year high, new-vehicle affordability declined again in August, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. The number of median weeks of income needed to purchase the average new vehicle in August increased to 42.6 weeks from an upwardly revised 42.2 weeks in July. Cox Automotive/Moody's Analytics Vehicle Affordability IndexAugust 2022 Weeks… Read Article

Vehicle Affordability Index Cox Automotive/Moody's Analytics Vehicle Affordability Index vehicle affordability Market Insights Data Point

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New-Vehicle Prices Increase for Fifth Straight Month, Set Record Again in August, According to Kelley Blue Book 09/12/2022 The average price paid for a new vehicle in the U.S. in August topped July’s record and kept the average transaction price (ATP) solidly above the $48,000 mark, according to new data released today by Kelley Blue Book, a Cox Automotive company. The Kelley Blue Book new-vehicle ATP increased to $48,301 in August 2022, beating the previous high of $48,080 set in the prior month. August… Read Article

ATP average transaction price Market Insights Data Point

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Auto Credit Availability Tightens Again in August 09/09/2022 Access to auto credit declined for the fourth straight month in August, according to the Dealertrack Credit Availability Index for all types of auto loans. The All-Loans Index declined 0.8% to 102.5 in August, reflecting that auto credit was harder to get in the month compared to July. The decline in access in recent months reflects conditions that were last tighter in January. With the decline… Read Article

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

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Certified Pre-Owned Sales Rebound in August 09/09/2022 Certified pre-owned (CPO) sales increased month over month but underperformed the overall used-vehicle retail market in August. August CPO sales rose to 211,609 units, up more than 5,000 units or a 2.6% increase over July. Year-over-year CPO sales decreased by nearly 11,000 units, or 5.1% lower than in August 2021. August 2022 CPO Sales Leveraging a same-store set of dealerships selected to represent the country from… Read Article

CPO CPO sales Market Insights Data Point

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