Cox Automotive - Tagged Posts - Auto Dealer Today

Used Wholesale Car Prices Continue Fall

October reflects multimonth decline.

Cox Automotive October Forecast: New-Vehicle Inventory Levels Are Improving, But Sales Remain Low

According to the Cox Automotive forecast released today, October’s U.S. new-vehicle sales volume is expected to rise over 4% from last year and finish with 1.11 million units sold, delivering a sales pace for October of 14.3 million.

Cox Automotive: Vehicle Loss From Hurricane Ian Could Top 50,000

Cox Automotive believes the likely range of severely damaged vehicles that could need replacement is between 30,000 and 70,000 vehicles.

CPO Sales Decline in September

Certified pre-owned sales fell over 11% year-over-year in September and are off 5% since August, finds a Cox Automotive analysis of Motor Intelligence data.

Cox Automotive: September Fleet Sales Drop Slightly, Remain Up Nearly 25% Year Over Year

Sales into large fleets, not including sales into dealer and manufacturer fleets, decreased 4.6% month over month in September to 122,586 units, according to an early estimate from Cox Automotive.

Will Higher Interest Rates Cool Demand for New Cars?

The average interest rate paid on a new vehicle purchase hit 5.7% in September, up from about 4% in 2021.

Cox Automotive’s Ten Predictions for 2022 Miss on Overall Demand, Leasing, New-Vehicle Inventory

Cox Automotive's quarterly review allows us to see how the market has progressed compared to expectations.

Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast

September U.S. auto sales, when confirmed next week, are expected to show a new-vehicle market mostly unchanged from previous months and still stuck in low gear.

Cox Automotive: Estimated Monthly Used-Vehicle SAAR and Volume

The seasonally adjusted annual rate is estimated to be near 36.2 million, down from last August’s 40.8 million level and below July’s revised 38.3 million pace.

CPO Sales To See Double-Digit Percentage Decline in 2022

The report, based on Cox’s analysis of Motor Intelligence data, reported 211,609 CPO sales in August.