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2022 Mid-Year Review Replay Available 06/29/2022 A replay of the Cox Automotive 2022 Mid-Year Review webcast held on Tuesday, June 28, is available below. Cox Automotive Chief Economist Jonathan Smoke and our Industry Insights team provided a deep dive into the economy and auto industry – the new, used and wholesale vehicle markets for the first half. The Cox Automotive June U.S. auto sales forecast was released as well as a mid-year update to the 2022 Cox Automotive… Read Article

Mid-Year Review Market Insights Smoke on Cars Commentary & Voices

Cox Automotive’s Ten Predictions for 2022 Take Home a Solid “B” Grade in the First Half 06/29/2022 As the first half of 2022 comes to a close, our team is once again reviewing the market predictions we offered back in January and providing an assessment of how well we did. Of course, we don’t have full-year results to judge every factor completely, but for the most part, our Ten Predictions for 2022 are holding up well. We have fallen short on three items.… Read Article

Market Insights Smoke on Cars

Who Will Automakers Listen To — the Angels or the Devils? 06/29/2022 Most auto manufacturers have long ignored the wisdom of the angels. And yet we all hear them so clearly: “Never exceed a 60 days’ supply of on-ground inventory.”“Keep fleet to less than 12% of your total sales.”Incentives should never exceed 10% of your transaction price.” Before 2020, most automakers disregarded one or more of these long-standing principles for running a healthy auto business. Conventional wisdom has… Read Article

Market Insights Commentary & Voices

2022 Cox Automotive Forecasts 06/29/2022 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 2022 forecasts were presented during the Cox Automotive 2022 Mid-Year Review webcast on June 28. Download the 2022 Forecasts. If you would… Read Article

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Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast as Persistent Supply Problems Continue to Hold Back Auto Industry 06/28/2022 ATLANTA, June 28, 2022 – June U.S. new-vehicle sales are expected to show a market still constrained by a lack of supply and one that is virtually unchanged since January. According to the Cox Automotive June sales forecast released today, the seasonally adjusted annual rate (SAAR) of new-vehicle sales this month is expected to hit 13.8 million, up from last month’s 12.7 million pace but well… Read Article

new-vehicle sales sales forecast SAAR Press Releases

Cox Automotive 2022 Mid-Year Review Webcast Presentation Available 06/28/2022 The Cox Automotive 2022 Mid-Year Review webcast will be held today at 11 a.m. EDT. The presentation is now available for download. Download the Presentation. During the webcast, Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough and Economic and Industry Insights Senior Manager Chris Frey will share Cox Automotive data and insights on the U.S. auto market for the first half of 2022. Smoke will also update the… Read Article

Mid-Year Review Market Insights Commentary & Voices

Auto Market Weekly Summary 06/27/2022 The job market continues to be one of the strongest parts of the economy and is showing no signs of new stress. Meantime, the housing market is suffering the most from the dramatic increase in mortgage rates. Total new home sales are down from a year ago, while mortgage rates rose more than 2.5 percentage points, translating into 30% higher payments before double-digit price increases are… Read Article

Market Insights Smoke on Cars Economy & Trends

Register Today: Cox Automotive 2022 Mid-Year Review Webcast – Tuesday, June 28 06/27/2022 Register now to join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team for the 2022 Mid-Year Review Webcast. Tuesday, June 28 11 a.m. EDT. During this 90-minute session, the team will present data and insights to help quantify how the industry performed, review our second-quarter forecast, and provide an outlook on what to expect going forward. The speakers will answer… Read Article

Mid-Year Review Market Insights Commentary & Voices

Here We Go Again! Are There Any Good Fourth of July Auto Deals? 06/23/2022 Here we go again – another holiday weekend virtually void of big-tent events, hot dogs, balloons and great deals on new vehicles. Last month, over Memorial Day Weekend, a deal was hard to find, as inventory was tight, prices were high, and incentives were all but gone. As we march into the Fourth of July weekend, little has changed. In our latest look at new-vehicle inventory,… Read Article

Market Insights Commentary & Voices

Cox Automotive Auto Market Report: June 21 06/21/2022 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

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