Cox Automotive Forecast: New-Vehicle Sales Pace Expected to Rebound After June Disruptions
Update, August 2, 2024 – New-vehicle sales in July, as forecast last week, mostly rebounded from a temporary sales slowdown driven largely by a widespread dealer software outage in the second half of June. While the June sales pace has…
Manheim Report: Used Vehicle Values Fall for Third Straight Month, but Declines Are Slowing
ATLANTA (July 9, 2024) – The Manheim Used Vehicle Value Index (MUVVI) declined to 196.1 in June, ending the first half of 2024 down 8.9% from a year ago. Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis)…
Central Dispatch® Completes First Phase of its Transformation with Introduction of New Enterprise Capabilities Benefiting Clients
ATLANTA – June 26, 2024 – Cox Automotive today announced the completion of the first phase in Central Dispatch’s transformation with the launch of Central Dispatch Enterprise, a customizable package of end-to-end capabilities designed for large automotive shippers and brokers.…
Cox Automotive Forecast: US Auto Sales Expected to Finish First Half Higher by 2.9%, in Line With Expectations for Slow Growth
Update, July 3, 2024 – Initial numbers indicate that new-vehicle sales volume was down year over year by more than 3%; we were forecasting a slight increase. The sales pace last month is now being pegged at 15.3 million (SAAR), well below…
U.S. Automobile Dealer Sentiment Index: As Market Uncertainty Grows, Dealers Remain Pessimistic and Cautious
ATLANTA, June 10, 2024 – The latest Cox Automotive Dealer Sentiment Index (CADSI) remained stable from Q1 to Q2 2024 despite dealer uncertainty in the market and economy. The Q2 current market index score of 42 indicates most U.S. auto…
Cox Automotive Forecast: Despite Higher Incentives and Improved Inventory, New-Vehicle Sales Growth Remains Modest in May
Updated, June 4, 2024 – The new-vehicle sales pace in May surprised to the upside, as higher inventory levels and more aggressive deal-making helped push the May sales pace slightly higher than the Cox Automotive forecast of 15.8 million. Our…
Cox Automotive 2024 Path to EV Adoption Study Suggests Electric Vehicle Consideration Will Surge in Second Half of Decade
ATLANTA, May 14, 2024 – A second, significant wave of shoppers ready to consider buying an electric vehicle (EV) is poised to begin entering the market in the second half of the decade, according to the latest findings from the…
Cox Automotive Forecast: April New-Vehicle Sales Pace Accelerates as Available Inventory and Higher Incentives Keep Market Rolling
Updated, May 2, 2024 – April new-vehicle sales pace finished below our forecast, despite strong sales performance by Toyota and Lexus. Other automakers, including Ford and Hyundai Motor Group, finished April about where expected, with sales slightly lower than year-ago…
Realtor.com® and Cox Automotive Identify the Top Electric Vehicle Friendly Housing Markets
SANTA CLARA, Calif., April 10, 2024 – In 2023, 1.2 million U.S. vehicle buyers chose to go electric, according to Kelley Blue Book, a Cox Automotive brand. For electric vehicle (EV) owners certain factors, like home-charging ability and easy access to charging facilities are necessary…
Manheim Index: Wholesale Used Vehicle Values Lower than Expected in March, as Prices Cool in Final Week of Q1
ATLANTA (April 5, 2024) – Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were down in March compared to February. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.1, a decline of 14.7% from a year…
Cox Automotive Deploying Industry-First, VIN-Specific EV Battery Health Solution Across Manheim Locations
ATLANTA – March 27, 2024 – Cox Automotive is rolling out the used car industry’s only solution that will measure the EV battery health for each specific VIN across Manheim. In addition, the company is expanding LotVision’s capabilities of reporting…
Cox Automotive Forecast: March New-Vehicle Sales to Jump 4.5% From Year-Ago Levels, as U.S. Market Continues to Normalize
ATLANTA, March 25, 2024 – Cox Automotive forecasts U.S. new-vehicle sales in Q1 will increase 5.6% year over year and reach 3.8 million units. The year-over-year increase in Q1 sales suggests that the new-vehicle market in the U.S. continues to…