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.

6 min read

Cox Automotive Analysis: Stellantis’ Q2 2021 U.S. Market Performance 08/02/2021 Stellantis reports second-quarter 2021 financial results Tuesday, Aug. 3. Formed by the merger of Fiat Chrysler and PSA (Peugeot) Group early this year, Stellantis posted higher U.S. sales in the quarter, though its increase was less than the overall market. Still, Stellantis, usually a big spender, slashed incentives by a third and experienced new highs for average transaction prices overall as well as for some brands… Read Article

Stellantis Market Insights Data Point

3 min read

In Q2, Ford Was Living The Toyota Life And Loving It. 07/30/2021 In this summer of low incentives, consumers are facing record-high vehicle prices. Inventories are low and many vehicles are being sold at or above the manufacturer's suggested retail price (MSRP). While interest rates remain favorable and help the bottom line of most deals, incentive spending has dropped off notably in 2021, putting pressure on vehicle affordability. June incentive spending by the automakers was at a year-to-date… Read Article

incentives Ford Market Insights Data Point

4 min read

Cox Automotive Analysis: Nissan Quarterly U.S. Market Performance 07/27/2021 Nissan Motor Co. in Japan reports its financial results for the April-to-June quarter Wednesday, July 28. The quarter is Nissan’s first in its fiscal year that ends March 31, 2022. Nissan has been forced to cut production in Japan and the U.S. due to the global computer chip shortage, but, in the U.S., it has had more inventory than many other companies. The company, thanks to… Read Article

Nissan Market Insights Data Point

5 min read

Cox Automotive Analysis: Ford’s Q2 2021 U.S. Market Performance 07/27/2021 Ford Motor Co. reports second-quarter 2021 earnings Wednesday, July 28, after the stock market closes. The global computer chip shortage has severely hampered Ford’s vehicle supply. Ford has cut production and built vehicles and parked them until chips are available. On the plus side, high consumer demand and low inventories have allowed Ford to drastically decrease incentive spending and also push average transaction prices to new… Read Article

Ford Market Insights Data Point

3 min read

Used-Vehicle Average Listing Price Sets Record; Jumps Above $25,000 07/22/2021 Used-vehicle prices set another record at the end of June, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.45M Total UnsoldUsed Vehiclesend of May 41 Days' Supply $25,101 Average Listing Price 68,613 Average Mileage The average listing price for used vehicles surpassed the $25,000 mark for the first time – $25,101 to be exact. That compares with $24,414 a month earlier. Only a… Read Article

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

2 min read

Average New-Vehicle Prices Hit All-Time High, According to Kelley Blue Book 07/19/2021 The estimated average transaction price (ATP) for a light vehicle in the United States was $42,258 in June 2021, according to the analysts at Kelley Blue Book. New-vehicle prices increased $2,527 (up 6.4%) from June 2020, while increasing $928 (up 2.2%) from May 2021. “Despite record low incentives and inventory in June, last month showcased more historically high average transaction prices, reaching an all-new record,”… Read Article

ATP average transaction price Market Insights Data Point

1 min read

13-Month Rolling Used-Vehicle SAAR 07/19/2021 As another data point to monitor the health of the automotive market, according to Cox Automotive estimates, total used-vehicle sales were down 12% year over year in June. We estimate the June used SAAR to be 39.0 million, down from 43.6 million last June and down compared to 40.0 in May. We estimate the monthly total used sales volume to be 3.2 million for June. Used-Vehicle… Read Article

used car SAAR Market Insights Data Point CAMIO

2 min read

Wholesale Prices Continue Decline in First Half of July 07/19/2021 Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.7% in the first 15 days of July compared to the month of June. This brought the Manheim Used Vehicle Value Index to 196.9, a 24.7% increase from July 2020. Manheim Market Report (MMR) prices declined in each of the last two weeks for the largest weekly declines since the fall of 2020.… Read Article

Manheim Vehicle Value Index MUVVI Market Insights Data Point

4 min read

Electrified Vehicle Sales Accelerate in Q2 07/19/2021 The U.S. auto market has seen growth this year in nearly every segment, but no segment is growing more quickly and more relentlessly than electrified vehicles – the combined total of electric vehicles (EVs), hybrids and plug-in hybrids. According to an analysis of Q2 data from Kelley Blue Book, sales of pure EVs passed 100,000 units in the quarter – a first – and hybrids sales were over 250,000. In the second quarter, total new-vehicle sales jumped by 49.5%, growing notably from the small… Read Article

Electric Vehicles EV EV sales Market Insights Data Point

2 min read

New-Vehicle Affordability Declines to New Low in June 07/15/2021 With market dynamics leading to record prices and record low incentives, new vehicle affordability declined this spring. In addition, with waning stimulus support, affordability declined in June to a new low on the affordability index, which dates to 2012. The number of median weeks of income needed to purchase the average new vehicle in June increased to 37.0 weeks in June from an upwardly revised 35.5… Read Article

Vehicle Affordability Index VAI vehicle affordability Market Insights Data Point

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