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.

2 min read

Dealership Service Revenue Hits Record in April with Less Activity, according to Xtime Metrics 05/20/2022 Service revenue increased at U.S. franchised dealerships in April on fewer repair order tickets, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Volume Index decreased month over month in April. Meanwhile, the Repair Order Revenue Index increased month over month to the highest level for the index, dating back to January 2018. The monthly Xtime volume and revenue metrics are designed… Read Article

Xtime Operations Service Fixed Ops Market Insights Data Point

3 min read

Used-Vehicle Supply Holds Steady as Asking Prices Rise 05/19/2022 A spring sales bounce that has been late coming and more spread out than expected has now led to used-vehicle supply holding largely steady in April, according to the Cox Automotive analysis of vAuto Available Inventory data. The average retail list price, however, resumed its upward trajectory, surpassing the $28,000 mark again. 2.52M Total UnsoldUsed Vehiclesas of May 2 48 Days' Supply $28,365 Average Listing Price… Read Article

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

6 min read

New-Vehicle Inventory Remains Stuck in Neutral in April 05/18/2022 New-vehicle inventory barely budged in April due to continued supply chain disruptions, according to a Cox Automotive analysis of vAuto Available Inventory data. Inventory of imports and small, fuel-efficient models were among the lowest due to strong demand driven in part by rising gas prices. Prices in April rose as well, with the average new vehicle listing price climbing again above $45,000. 1.13M Total Inventoryas of… Read Article

Inventory new-vehicle inventory Market Insights Data Point

3 min read

Wholesale Used-Vehicle Prices Increase in First Half of May From Seasonal Adjustment 05/17/2022 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.7% in the first 15 days of May compared to the full month of April. This brought the Manheim Used Vehicle Value Index to 222.7, which was up 9.7% from May 2021. The non-adjusted price change in the first half of May was an increase of 1.0% compared to April, leaving the unadjusted average… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

2 min read

With New-Vehicle Prices Climbing in April, Affordability Declines Further 05/16/2022 New-vehicle affordability declined slightly in April despite revised data indicating stronger income gains, according to the latest Cox Automotive/Moody's Analytics Vehicle Affordability Index. The inputs to the index again moved in differing directions in the month. The number of median weeks of income needed to purchase the average new vehicle in April increased to 40.6 weeks from a downwardly revised 40.2 weeks in March. Cox Automotive/Moody's… Read Article

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

3 min read

Cox Automotive Analysis: Hyundai’s Quarterly U.S. Market Performance 05/13/2022 South Korean automaker Hyundai Motor, which includes the Hyundai, Kia and Genesis brands, posted a better-than-expected rise in its first-quarter profit as favorable exchange rates more than made up for higher raw material costs and a drop in vehicles sales caused by the global computer chip shortage. The U.S. is one of the most important markets for the automaker. Here are some data points from Cox… Read Article

Hyundai market performance Kia Genesis Market Insights Data Point

2 min read

Estimated Monthly Used-Vehicle SAAR and Volume 05/13/2022 Total used-vehicle sales in April are estimated to be near 3.37 million units, down 14% from April 2021, according to Cox Automotive. The seasonally adjusted annual rate (SAAR), or sales pace, is estimated to be near 38.0 million, down from last April’s 44.2 million level, and above March’s revised 36.6 million pace. Used retail sales were also estimated to be lower in April. Total Used and… Read Article

used-vehicle SAAR Market Insights Data Point

3 min read

Cox Automotive Analysis: Honda’s Quarterly U.S. Market Performance 05/12/2022 Honda posts financial results for the January-to-March quarter on May 13, the automaker’s final quarter of its fiscal year. In the U.S., its sales were down in the quarter as both Honda and Acura continue to have supply chain problems leading to low inventory. March saw U.S. sales decline for Acura for the seventh straight month and for Honda for the eighth straight month. At the… Read Article

Honda market performance Market Insights Data Point

3 min read

Cox Automotive Analysis: Nissan’s Quarterly U.S. Market Performance 05/11/2022 Nissan posts financial results for the January-to-March quarter on May 12, the automaker’s final quarter of its fiscal year. Nissan is closing out the second year of its four-year turnaround plan that has the U.S. as a centerpiece for its growth. Part of that plan was to be less reliant on fleet sales and cut incentives. Indeed, Nissan’s 30% lower sales for the quarter partly represent… Read Article

Nissan market performance Market Insights Data Point

3 min read

Cox Automotive Analysis: Toyota’s Quarterly U.S. Market Performance 05/11/2022 Toyota posts financial results for the January-to-March quarter on May 11, the automaker’s final quarter of its fiscal year. In the U.S., sales were down in the quarter as both Toyota and Lexus continue to have supply constraints brought on by the chip shortage, higher raw materials prices and the war in Ukraine. Even with inventory lower than in pre-pandemic years, Toyota and Lexus saw slight… Read Article

Toyota market performance Market Insights Data Point

@CoxAutomotive

For more info or news from other Cox Automotive brands, visit the following newsrooms:

Sign up here to receive bi-weekly updates on news and trends dominating the automotive industry.

@CoxAutomotive

For more info or news from other Cox Automotive brands, visit the following newsrooms: