Market Insights and Outlook - Cox Automotive Inc.

Welcome to Cox Automotive
Market Insights & Outlook

All Smoke on Cars Commentary & Voices Data Point Economy & Trends CAMIO

Register Today: Cox Automotive Mid-Year Review 06/01/2023 Register now to join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Economic and Industry Insights team for the 2023 Mid-Year Review. Tuesday, June 27 11 a.m. EDT During this session, the team will share how the auto industry performed in the first half of the year and how the Cox Automotive team sees the industry progressing going forward. Register to attend.… Read Article

Market Insights Commentary & Voices

Auto Market Weekly Summary: May 30 05/30/2023 Growing income and spending data indicate that the consumer is alive and well, and inflation is still a factor that could lead to further Fed rate increases. First-quarter economic growth was revised upward but still reflected a slowing economy in aggregate. Beneath the headline deceleration was strong consumer spending. Consumer incomes and spending saw accelerating growth in April. The personal savings rate declined. Key measures of… Read Article

Market Insights Smoke on Cars

Cox Automotive Forecast: New-Vehicle Sales In May Expected to Jump By 20% As Inventory Concerns Fade 05/25/2023 May 2023 New-Vehicle Sales Forecast Highlights The annual new-vehicle sales pace in May is expected to finish near 14.9 million, up 2.3 million from last May’s 12.6 million pace, but down from April’s 15.9 million level. May sales volume is expected to rise 20.3% from one year ago and reach 1.35 million units. Sales volume will fall 1.1% from April, which had one additional selling day.… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive Auto Market Report: May 23rd 05/23/2023 The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation Read Article

Market Insights Smoke on Cars Economy & Trends

Hybrids Still Dominate Electrified Vehicle Shopping, According to Kelley Blue Book 05/23/2023 Despite the massive attention on electric vehicles and new tax credits for them, hybrid vehicles continue to be more popular among vehicle shoppers, according to the Kelley Blue Book Brand Watch™ report for the first quarter of 2023. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in shopping behavior to determine how a brand or model stacks up with… Read Article

Kelley Blue Book Brand Watch Electrified Vehicles EV sales Market Insights Data Point

Dealership Service Revenue and Ticket Volume Decreased in April, according to Xtime Metrics 05/22/2023 A recent analysis by Cox Automotive of Xtime metrics revealed that service activity and revenue at franchised dealerships in the U.S. decreased in April compared to the previous month. However, the Repair Order Revenue Index has increased compared to last year and reached a record high in March, while the Repair Order Volume Index has decreased compared to April 2022. The monthly Xtime volume and revenue… Read Article

Operations Service Fixed Ops Xtime Market Insights Data Point

Auto Market Weekly Summary: May 22 05/22/2023 Retail sales increased slightly in April from March but were down from a year ago. Half of the major categories are down year-to-year. New residential construction trends were mixed in April, but building permits now exceed starts, and the activity indicates that single-family construction is stabilizing. Existing home sales declined in April as supply limits sales. This is also a key reason why new construction and… Read Article

Market Insights Smoke on Cars Economy & Trends

Manheim Market Insights Series: Episode 9 05/19/2023 Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of economic and industry insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights tax refunds, the mid-month Manheim Used Vehicle Value Index, as well as used retail… Read Article

Manheim Market Insights Market Insights Commentary & Voices

Q1 2023 Kelley Blue Book Brand Watch Luxury Report: SUV Shopping Hit Record High; Cars Slumped to New Low 05/17/2023 Almost three-quarters of luxury vehicle shoppers considered an SUV in the first quarter, according to the Kelley Blue Book Brand Watch™ report for the first quarter of 2023. The new high came at the expense of luxury cars, for which shopping consideration slumped to a new low. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in shopping behavior to… Read Article

Kelley Blue Book Brand Watch Luxury Market Insights Commentary & Voices

Wholesale Used-Vehicle Prices See Decrease in First Half of May 05/17/2023 Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 2.1% from April in the first 15 days of May. The midmonth Manheim Used Vehicle Value Index dropped to 225.9, which was down 7.0% from the full month of May 2022. The seasonal adjustment contributed to the decline. The non-adjusted price change in the first half of May declined 0.9% compared to April, while… Read Article

Manheim Used Vehicle Value Index MUVVI Market Insights Data Point

Follow us on Twitter

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