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.

5 min read

Cox Automotive Analysis: Hyundai Motor’s Q4 2022 U.S. Market Performance 01/24/2023 Hyundai Motor Company, which includes the Hyundai, Kia and Genesis brands, had a best-ever fourth quarter in the U.S. on a number of fronts, which should help the South Korean automaker’s financial results that will be announced on Thursday, Jan. 26. The U.S., where Hyundai Motor sells all three brands and where Hyundai and Kia operate plants, is one of the most important markets for the… Read Article

Hyundai market performance Market Insights Data Point

2 min read

Service Activity and Revenue Move in Slightly Different Directions In December, according to Xtime Metrics 01/20/2023 Service activity increased and service revenue decreased month over month – both by less than one percent – at U.S. franchised dealerships in December, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Revenue Index is up year over year while the Repair Order Volume Index is down compared to December 2021. The monthly Xtime volume and revenue metrics are designed to… Read Article

Operations Service Fixed Ops Xtime Market Insights Data Point

2 min read

Estimated Monthly Used-Vehicle SAAR and Volume 01/18/2023 Total used-vehicle sales in December are estimated to be near 2.4 million units, down 4.2% from December 2021. The seasonally adjusted annual rate, or SAAR, is estimated to have finished near 33.7 million, down from last December’s 36.2 million level and below November’s revised 34.4 million pace. Used retail sales were also estimated to be lower in December. Total Used Volume and Used SAAR According to… Read Article

used-vehicle SAAR Market Insights Data Point CAMIO

4 min read

Wholesale Used-Vehicle Prices See Another Increase in First Half of January 01/18/2023 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.5% from December in the first 15 days of January. The mid-month Manheim Used Vehicle Value Index rose to 222.5, which was down 13.7% from the full month of January 2022. The seasonal adjustment drove most of the gains. The non-adjusted price change in the first half of January was an increase of 0.3%… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

2 min read

New-Vehicle Affordability Declined to New Low in 2022 01/17/2023 New-vehicle affordability declined again in December and reached a new low in 2022, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index released yesterday. Auto loan rates reached a new 20-year high and the average new-vehicle price increased to a record-high $49,507. The number of median weeks of income needed to purchase the average new vehicle in November increased to 44 weeks from 43.3 weeks in November.… Read Article

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

2 min read

In a Down Market, EV Sales Soar to New Record 01/13/2023 In an auto market that saw total new vehicles fall 8% year over year, battery-electric vehicles (EVs) sales were a bright spot. According to the latest counts from Kelley Blue Book, total new-vehicle sales in the U.S. fell in 2022 to 13.8 million units, down from 15 million in 2021 and well down from the 17.3 million the market delivered five years ago in 2018. As… Read Article

Sales new-vehicle sales U.S. auto sales Electric Vehicles EVs EV Electrified Vehicles Market Insights Data Point

3 min read

Used Vehicles Have Steady Supply, Lower Average Asking Price 01/13/2023 The used-vehicle market has stabilized, resembling the pre-pandemic normal, with inventory holding steady and prices dipping from their record highs, according to the Cox Automotive analysis of vAuto Available Inventory data. 2.32M Total UnsoldUsed Vehiclesas of Dec. 26, 2022 54 Days' Supply $27,143 Average Listing Price 69,418 Average Mileage The total supply of unsold used vehicles on dealer lots, both franchised dealers and independents, across the… Read Article

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

2 min read

December CPO Sales Rise, 2022 Totals Hit Forecast 01/12/2023 Certified pre-owned (CPO) sales in December rose 13.6%, nearly 27,000 units, from November to finish at 225,241. This total is up 20.6%, or nearly 40,000 units from December 2021. CPO sales finished 2022 at nearly 2.47 million units, a decline of nearly 280,000 units, or 10.2% from 2021 CPO sales. December CPO Sales Leveraging a same-store set of dealerships selected to represent the country from Dealertrack, we… Read Article

CPO certified pre-owned CPO sales Market Insights Data Point CAMIO

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2023 Cox Automotive Forecasts 01/12/2023 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 2023 forecasts were presented during the Cox Automotive 2023 Industry Insights and Sales Forecast Call on January 12. Note: For context, final… Read Article

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

6 min read

Inventory Build-Up Suggests Incentives May Be Coming 01/12/2023 New-vehicle inventory stacked up in December, suggesting some automakers may be forced to bring back incentives to spur sluggish sales and draw down supply, according to Cox Automotive’s analysis of vAuto Available Inventory data. Despite stagnated sales and rising supply, prices still increased. “New-vehicle inventory climbed through December, nearing what used to be considered ‘normal’ levels in the pre-pandemic era,” said Charlie Chesbrough, Cox Automotive senior… Read Article

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

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