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Welcome to Cox Automotive
Market Insights & Outlook
All
Smoke on Cars
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Data Point
Economy & Trends
CAMIO
1 min read
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.…
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Market Insights
Commentary & Voices
5 min read
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…
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Market Insights
Smoke on Cars
4 min read
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.…
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new-vehicle sales
sales forecast
SAAR
Press Releases
5 min read
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
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Market Insights
Smoke on Cars
Economy & Trends
3 min read
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…
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Kelley Blue Book Brand Watch
Electrified Vehicles
EV sales
Market Insights
Data Point
3 min read
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…
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Operations
Service
Fixed Ops
Xtime
Market Insights
Data Point
5 min read
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…
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Market Insights
Smoke on Cars
Economy & Trends
1 min read
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…
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Manheim Market Insights
Market Insights
Commentary & Voices
5 min read
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…
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Kelley Blue Book Brand Watch
Luxury
Market Insights
Commentary & Voices
4 min read
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…
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Manheim Used Vehicle Value Index
MUVVI
Market Insights
Data Point
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