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.

4 min read

Used-Vehicle Supply Dips as Sales Pace Quickens 02/18/2021 Used-vehicle inventory and prices slipped a bit in January as the sales pace for the month quickened, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.66M Total Unsold Used Vehicles end of January 48 Days' Supply $21,572 Average Listing Price 66,545 Average Miles The total U.S. supply of unsold used vehicles closed January at 2.66 million vehicles, down from 2.68 million at the… Read Article

Inventory used-vehicle inventory Market Insights Data Point

1 min read

Wholesale Prices Jumping Early in 2021 02/17/2021 Given the ongoing 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 and general information on segment performance for the first 15 days of February. Access the Mid-Month Update for the full report. The complete… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

1 min read

Vehicle Affordability Improves for Third Consecutive Month in January 02/15/2021 Affordability improved in January, as represented by median weeks of income needed to purchase a new vehicle declined to 32.2 weeks from 33.9 weeks in December. The Cox Automotive/Moody’s Analytics Vehicle Affordability Index continues to show that new vehicles have become relatively more affordable since October 2020, when the affordability index reached 35.3 weeks, the high point for the calendar year 2020. Click image to enlarge.… Read Article

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

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Average New-Vehicle Transaction Prices Continue to Surpass $40,000, According to Kelley Blue Book 02/15/2021 The estimated average transaction price for a light vehicle in the United States was $40,857 in January 2021, according to the valuation analysts at Kelley Blue Book. New-vehicle prices increased $2,110 (up 5.45%) from January 2020, while falling $295 (down 0.72%) from last month. Click image to enlarge. “January 2021 prices are coming off a historical quarter, with average transaction prices reaching more than $40,000 for the first time at the end of last year,”… Read Article

ATP average transaction price new-vehicle price Market Insights Data Point

2 min read

Despite Slow January, 2021 CPO Sales Expected to Rebound to Pre-Pandemic Level 02/12/2021 Sales of certified pre-owned (CPO) vehicles declined 7% year over year in January, down from last year's level which was the highest January CPO sales in a decade. For January, 201,023 CPO units were sold, down 13% month over month compared to the seasonally strong CPO sales in December. Click image to enlarge. The CPO market has been one of the strongest performing segments within the… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point

6 min read

New-Vehicle Inventory Rises through January; Average List Price Retreats 02/11/2021 New-vehicle inventory edged higher throughout January but remains far lower than a year ago, while the average list price retreated from its early January peak, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.79M Total Inventory 66 Days' Supply $40,474 Average List Price The total U.S. supply of available unsold new vehicles stood at 2.79 million vehicles as January closed. That compares with… Read Article

Inventory new-vehicle inventory Market Insights Data Point

2 min read

Auto Credit Availability Declined Slightly in January 02/10/2021 Access to auto credit declined slightly in January, reversing some of the December improvements according to the Dealertrack Auto Credit Availability Index for all types of auto loans. The All Loans Index declined 0.2% to 94.8 in January, reflecting that auto credit was slightly harder to get in the month. Access remains tighter by 4.3% year over year or by 4.4% compared to February before the pandemic began. Click image to enlarge. Not all loan types saw tightening in January. New vehicle financing loosened as did financing through independent used dealers while all other types of vehicle financing tightened. Credit… Read Article

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

1 min read

Fleet Sales Continue to Suffer in January, Down 26% from Year-Ago Level 02/09/2021 In January, 153,372 total fleet units were sold, compared to 165,713 in December. Combined sales into large rental, commercial, and government buyers were down 26% year over year in January. Government units were down 21% year over year, on a small base, while rental units were down 33% year over year in January, an improvement over the 54% year over year drop in 2020. New-vehicle sales… Read Article

fleet sales Market Insights Data Point

3 min read

Cox Automotive Analysis: Toyota Quarterly U.S. Market Performance 02/09/2021 Toyota Motor reported financial results for Q3 FY 2021, the October-to-December 2020 quarter, on Wednesday, February 10, the third quarter of its fiscal year that ends March 31, 2021. Toyota executives in the U.S. promised the automaker would end calendar year 2020 with one of its best quarters in history, and they delivered. They predict even better results in 2021. Here are some data for the… Read Article

Toyota Market Insights Data Point

3 min read

Most Dealers and Consumers Unaffected by Chip Shortage, So Far 02/09/2021 Dealers and consumers in the U.S. should not see shortages of most models affected by the shortage of computer chips as there is ample vehicle inventory, according to a Cox Automotive analysis of vAuto Available Inventory data. The global shortage of computer chips for vehicles has caused automakers around the world to trim production. Nearly every major automaker in all regions has been hit, including automakers… Read Article

new-vehicle inventory days' supply computer chip shortage Market Insights Data Point

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