Cox Automotive Inc.
3 min read
Signs of Widespread Software Outage Revealed in June Inventory Data 07/18/2024 In June, a cyber breach at a widely used dealer management system (DMS) supplier heavily impacted the automotive industry. This disruption clearly slowed sales and reporting in the second half of the month, pushing the new-vehicle days’ supply at the start of July to 116 days, according to Cox Automotive’s analysis of vAuto Live Market View data. Days’ supply of 116 is extremely abnormal and one… Read Article
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4 min read
New-Vehicle Inventory Increases as 2025 Model Years Begin to Arrive; Automakers Take Notice 06/13/2024 After starting slow, May new-vehicle sales picked up toward the end of the month as expected with the Memorial Day holiday, one of the larger selling holidays for the automotive market. Spurred in part by higher sales, new-vehicle days’ supply declined four days at the start of June to 74 days, according to an analysis of Cox Automotive’s vAuto Live Market View data. 2.89M Total Inventoryas… Read Article
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3 min read
Days’ Supply Increases Month over Month at Start of May, as More Brands See Higher Inventory Levels 05/16/2024 Despite generally healthy sales in April, brands with 100+ average days’ supply pulled the average days’ supply up two days at the start of May to 76 days, according to Cox Automotive’s analysis of vAuto Live Market View data. One month ago, at the start of April, days’ supply stood at 74. 2.84M Total Inventoryas of May 2, 2024 76 Days' Supply $47,433 Average Listing Price… Read Article
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2 min read
New-Vehicle Inventory Increases While Steady Sales Pull Down Days’ Supply 04/18/2024 April opened with 72 days of new-vehicle supply across the industry, down seven days from the start of March, as higher volumes in recent weeks helped to keep inventory in check. According to Cox Automotive’s analysis of vAuto Live Market View, the total U.S. supply of available unsold new vehicles opened April at 2.77 million units. That is 870,000 units – or 46% – above a… Read Article
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3 min read
Brisk February Sales Drew Down New-Vehicle Inventory 03/14/2024 March opened with 76 days of supply across the industry, as brisk February sales drew down new-vehicle inventory as measured in days' supply, according to Cox Automotive’s analysis of vAuto Live Market View data. 2.74M Total Inventoryas of March 4, 2024 76 Days' Supply $47,285 Average Listing Price The total U.S. supply of available unsold new vehicles opened March at 2.74 million units. That is 942,000… Read Article
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3 min read
New-Vehicle Inventory Hits 80 Days of Supply 02/15/2024 February opened with 80 days of new-vehicle supply across the industry, the highest since June 2020, according to Cox Automotive’s analysis of vAuto Available Inventory data. 2.61M Total Inventoryas of Feb. 2, 2024 80 Days' Supply $47,142 Average Listing Price At the start of February, the total U.S. supply of available unsold new vehicles was 2.61 million units. That is 870,000 units – or 50% –… Read Article
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4 min read
New-Vehicle Inventory Remains in Check to Start 2024 01/18/2024 Strong December sales pulled down the new-vehicle inventory measure of days' supply for the start of 2024, according to Cox Automotive’s analysis of vAuto Available Inventory data. While the sheer volume of new vehicles in inventory was higher at the end of December than at the start, the days of supply, which is based on a daily sales rate, fell from 73 to 70. 2.66M Total… Read Article
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4 min read
New-Vehicle Inventory Surpasses 2.5 Million Units, 71 Days’ Supply 12/14/2023 December opened with new-vehicle inventory at the highest level since early spring of 2021, according to Cox Automotive’s analysis of vAuto Available Inventory data. Supply surpassed 2.5 million units and 71 days’ supply for the first time in two years. 2.56M Total Inventoryas of Dec. 6, 2023 71 Days' Supply $47,456 Average Listing Price Mounting inventory and slowing sales have prompted some automakers to cut production… Read Article
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5 min read
New-Vehicle Inventory Rose Through October Despite UAW Strike 11/09/2023 Despite UAW strikes at several plants throughout the month, new-vehicle inventory at the start of November was even higher than in early October, according to Cox Automotive’s analysis of vAuto Available Inventory data. The UAW and Detroit automakers have reached tentative contracts and settled the strike. Workers are back on the job as they vote on new contracts. 2.40M Total Inventoryas of Nov. 6, 2023 67… Read Article
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6 min read
New-Vehicle Inventory Rises Despite UAW Strike; GM Most Vulnerable 10/05/2023 Updated, Nov. 10, 2023 – Despite a UAW strike against Detroit’s three automakers and brisk sales, October opened with the highest new-vehicle inventory since early spring 2021, according to Cox Automotive’s analysis of vAuto Available Inventory data. But the strike has left GM with 60 days’ supply at the start of October and the most vulnerable with short supplies of big profit-generating Chevrolet and Cadillac models.… Read Article
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