Cox Automotive - Tagged Posts

Used Vehicle Values Keep Trending Down

But analysts predict used vehicle prices will remain higher than pre-pandemic prices for years to come.

Cox Automotive: Service Activity Increases While Revenue Sees Modest Decline in October

Service activity increased while service revenue decreased slightly at U.S. franchised dealerships in October, according to the latest Cox Automotive analysis of Xtime metrics.

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.