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U.S. Automobile Dealer Sentiment Stumbles in Q3 as Political Climate Heats Up 09/06/2024 ATLANTA, Sept. 6, 2024 – The Q3 2024 Cox Automotive Dealer Sentiment Index (CADSI) shows automobile dealers in the U.S. continue to view the market as weak. The overall Q3 market sentiment index dropped to a score of 40, down from 42 in Q2 and 45 from a year ago, signaling a weakened market sentiment. “For more than two years now, after reaching peak profits in… Read Article

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U.S. Automobile Dealer Sentiment Index: As Market Uncertainty Grows, Dealers Remain Pessimistic and Cautious 06/10/2024 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 dealers see the market as weak. One year ago, the index was 45, also below the 50 threshold. The last time current market sentiment was above… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

7 min read

Cox Automotive 2024 Path to EV Adoption Study Suggests Electric Vehicle Consideration Will Surge in Second Half of Decade 05/14/2024 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 2024 Path to EV Adoption Study by Cox Automotive. The findings indicate that nearly half of all vehicle shoppers in market today are not even considering… Read Article

Electric Vehicles EVs EV Press Releases

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U.S. Auto Dealer Sentiment Improves in Q1, but Current Market View Remains Weak as Profit Pressures Replace Inventory Woes 03/13/2024 ATLANTA, March 13, 2024 – The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40 to 42, but remains well below the 50 threshold, indicating most dealers see the current market as weak. The survey’s current market index is largely driven by profitability, customer traffic and costs. Of… Read Article

Cox Automotive Dealer Sentiment Index CADSI Press Releases

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Cox Automotive’s Car Buyer Journey Study Shows Satisfaction With Car Buying Improved in 2023 After Two Years of Declines 01/31/2024 ATLANTA, Jan. 31, 2024 – Cox Automotive’s annual Car Buyer Journey (CBJ) Study reveals that satisfaction with the vehicle shopping and buying experience improved in 2023 after declining in both 2021 and 2022. This is good news for automobile dealers, who will gather in Las Vegas starting Thursday, February 1, for the National Automobile Dealers Association’s annual convention. Cox Automotive will be the largest exhibitor at NADA… Read Article

Car Buyer Journey Press Releases

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Register Today: Cox Automotive Industry Insights and Forecast 2025 Call 11/19/2024 The Cox Automotive Economic and Industry Insights team looks forward to providing even more actionable and thought-provoking insights in 2025. Register now for the Cox Automotive Industry Insights and Forecast 2025 call, scheduled for Tuesday, Dec. 17, at 11 a.m. EST. Traditionally, the Industry Insights webcast is hosted in January to kick off the new year. This year, the event is moved up to deliver the 2025 forecast well before the… Read Article

Market Insights Commentary & Voices

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Wholesale Used-Vehicle Prices Increase in First Half of November 11/19/2024 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.6% from October in the first 15 days of November. The mid-month Manheim Used Vehicle Value Index increased to 206.1 and is now showing a gain of 0.5% from the full month of November 2023. The seasonal adjustment amplified the results for the month, as the seasonal factor moved much closer to the long-term… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

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Auto Market Weekly Summary 11/18/2024 Key Highlights Headline inflation rose by 0.2% in October, with significant contributions from shelter and transportation costs. Retail sales in the auto sector increased by 1.6% in October, outpacing the broader market. Auto loan performance remains weak, with 60-day+ delinquencies rising for the sixth consecutive month. Inflation Rises The auto industry is experiencing price dynamics influenced by inflation trends. Headline inflation rose by 0.2% in October,… Read Article

Auto Market Weekly Summary Market Insights Smoke on Cars Economy & Trends

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Cox Automotive Deal API Revolutionizes Car Buying with Omnichannel Deal Connectivity 11/18/2024 ATLANTA, Nov. 18, 2024 – Cox Automotive Deal API, a cutting-edge solution from Cox Automotive, is transforming the automotive industry by enabling omnichannel car-buying experiences across all online channels and in-store systems. Cox Automotive Deal API empowers OEMs, lenders and independent software partners to deliver deal consistency at every touchpoint, bridging data gaps between systems and making it easier to buy and sell cars. Cox Automotive… Read Article

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New-Vehicle Affordability Improves in October 11/15/2024 New-vehicle affordability improved in October as interest rates declined, incentives increased, and income gains all favored the consumer, according to the Cox Automotive/Moody’s Analytics Vehicle Affordability Index. October had the best vehicle affordability level since August 2021. “Auto loan rates are beginning to decline, offering some relief to consumers,” said Cox Automotive Chief Economist Jonathan Smoke. “In October, we also observed an improvement in auto credit availability.… Read Article

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

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Expert Outlooks: Jonathan Smoke 11/15/2024 Cox Automotive experts are here to help you make the most of NADA2025 and the year ahead. In the first installment of our new “Expert Outlooks” series, Jonathan Smoke, SVP & Chief Economist, shares his unique perspective on the themes that shaped 2024 and why he is optimistic about next year. Read Article

Speaker Sessions Economy & Trends

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Used Retail Vehicle Sales Increase in October 11/15/2024 According to an analysis of Cox Automotive’s vAuto Live Market View data estimates, retail used-vehicle sales in October1 increased by nearly 7% month over month from September. A total of 1.4 million used vehicles were sold at retail – from both franchised and independent dealers – during October, up 12% year over year. Days’ supply of used vehicles at the end of October was 45, down from a revised… Read Article

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Used-Vehicle Inventory Increases to Start November, Days’ Supply Drops With Strong Sales 11/14/2024 According to the Cox Automotive analysis of vAuto Live Market View data, used-vehicle inventory levels at the start of November were higher than in October but lower than in early November 2023. 2.17M Total UnsoldUsed Vehiclesas of Nov. 4, 2024 45 Days' Supply $25,499 Average Listing Price 70,326 Average Mileage As November opened, the total supply of used vehicles on dealer lots – franchised and independent – across… Read Article

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

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New-Vehicle Inventory Tops 3 Million for the First Time Since the Pandemic Even as Sales Gain Momentum 11/14/2024 The election is over and decisive. Consumer sentiment, according to Morning Consult, has improved for five straight months and is at the highest level in three and a half years. Indeed, October sales in the automotive industry saw an increase of 13% over the same time last year, and yet, new-vehicle inventory continues to rise. As the year winds down, we’re seeing some interesting trends in… Read Article

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

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Kelley Blue Book Report: New-Vehicle Incentives Climb Higher in October, as Many Automakers Work to Clear Inventory 11/12/2024 The average transaction price (ATP) paid for a new vehicle in the U.S. in October was $48,623, according to new data from Kelley Blue Book. Transaction prices last month were higher than the revised September price ($48,423) and higher by 1.7% from year-earlier levels ($47,826). For more than a year now, new-vehicle prices in the U.S. have remained mostly unchanged and near $48,500, as higher inventory… Read Article

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

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