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Cox Automotive Analysis: Hyundai’s Quarterly U.S. Market Performance 05/13/2022 South Korean automaker Hyundai Motor, which includes the Hyundai, Kia and Genesis brands, posted a better-than-expected rise in its first-quarter profit as favorable exchange rates more than made up for higher raw material costs and a drop in vehicles sales caused by the global computer chip shortage. The U.S. is one of the most important markets for the automaker. Here are some data points from Cox… Read Article

Hyundai market performance Kia Genesis Market Insights Data Point

Q1 2022 Kelley Blue Book Brand Watch: Toyota, Tesla and Ford Dominate the Most-Shopped List of Electrified Vehicles 05/13/2022 Surging gas prices in March led one-in-four shoppers to consider electrified vehicles, particularly EVs and hybrids, a trend likely to accelerate as new models hit showrooms soon, according to the Q1 2022 Kelley Blue Book Brand Watch™ report. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in consumer shopping behavior to determine how a brand or model stacks up… Read Article

Kelley Blue Book Brand Watch EVs Electrified Vehicles Market Insights Commentary & Voices

Estimated Monthly Used-Vehicle SAAR and Volume 05/13/2022 Total used-vehicle sales in April are estimated to be near 3.37 million units, down 14% from April 2021, according to Cox Automotive. The seasonally adjusted annual rate (SAAR), or sales pace, is estimated to be near 38.0 million, down from last April’s 44.2 million level, and above March’s revised 36.6 million pace. Used retail sales were also estimated to be lower in April. Total Used and… Read Article

used-vehicle SAAR Market Insights Data Point

Cox Automotive Analysis: Honda’s Quarterly U.S. Market Performance 05/12/2022 Honda posts financial results for the January-to-March quarter on May 13, the automaker’s final quarter of its fiscal year. In the U.S., its sales were down in the quarter as both Honda and Acura continue to have supply chain problems leading to low inventory. March saw U.S. sales decline for Acura for the seventh straight month and for Honda for the eighth straight month. At the… Read Article

Honda market performance Market Insights Data Point

Cox Automotive Analysis: Nissan’s Quarterly U.S. Market Performance 05/11/2022 Nissan posts financial results for the January-to-March quarter on May 12, the automaker’s final quarter of its fiscal year. Nissan is closing out the second year of its four-year turnaround plan that has the U.S. as a centerpiece for its growth. Part of that plan was to be less reliant on fleet sales and cut incentives. Indeed, Nissan’s 30% lower sales for the quarter partly represent… Read Article

Nissan market performance Market Insights Data Point

Cox Automotive Analysis: Toyota’s Quarterly U.S. Market Performance 05/11/2022 Toyota posts financial results for the January-to-March quarter on May 11, the automaker’s final quarter of its fiscal year. In the U.S., sales were down in the quarter as both Toyota and Lexus continue to have supply constraints brought on by the chip shortage, higher raw materials prices and the war in Ukraine. Even with inventory lower than in pre-pandemic years, Toyota and Lexus saw slight… Read Article

Toyota market performance Market Insights Data Point

Q1 2022 Kelley Blue Book Brand Watch Report: BMW Reclaims Top Spot; Cadillac Surges to No. 2 05/11/2022 BMW regained its spot as the most-shopped luxury brand in the first quarter of 2022, a spot it had held for the past three years until the final quarter of 2021 when Lexus squeaked by, according to the Q1 2022 Kelley Blue Book Brand Watch™ report. Cadillac for the first time moves past Lexus to take the No. 2 spot. Tesla fell to No. 5. The… Read Article

Kelley Blue Book Brand Watch Luxury Market Insights Commentary & Voices

Auto Credit Availability Improved in April for 11th Straight Month 05/10/2022 Access to auto credit expanded again in April, according to the Dealertrack Credit Availability Index for all types of auto loans. The All Loans Index increased 1.7% to 106.3 in April, reflecting that auto credit was easier to get in the month compared to March. Access was looser by 8.1% year over year, and compared to February 2020, access was looser by 7.2%. The index in… Read Article

credit consumer credit Dealertrack Credit Availability Index auto loans Market Insights Data Point

Cox Automotive Auto Market Report: May 10 05/10/2022 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

Luxury Share Increases in April, Pushing New-Vehicle Average Transaction Prices Higher, according to Kelley Blue Book 05/10/2022 New-vehicle average transaction prices (ATPs) increased to $46,526 in April 2022, according to new data released by Kelley Blue Book, a Cox Automotive company. Prices rose 0.7% ($304) month over month and remain elevated compared to one year ago, up 13.0% ($5,354) from April 2021. New-vehicle inventory days’ supply stayed in the low 30s in April while customer demand remained high. These conditions enabled most dealers to… Read Article

ATP average transaction price Market Insights Data Point

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