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== COX Sales Data ==
== COX Sales Data ==


=== 2022 ===
=== <big>March 2024</big> ===
Full-year sales for 2022 totaled 13,903,429 units, a decrease of 7.8% compared to the end of 2021. This is the lowest level seen since 2011 when sales were recovering from the Great Recession
 
* Truck and SUV full-year sales were down 6.4% to 10,920,758 units, while passenger car sales were down 12.8% to 2,979,113 units for 2022.<ref>https://www.marklines.com/en/statistics/flash_sales/automotive-sales-in-usa-by-month#dec</ref>
 
=== March 2023 ===
 
==== Used ====
 
* Total used-vehicle sales in March are estimated to be near 3.3 million units, down 4% from March 2022.
* The seasonally adjusted annual rate, or SAAR, is estimated to have finished near 35.5 million, down from last March’s 37.0 million level but up from February’s revised 33.9 million level.
* Retail used-vehicle sales  are estimated to be 1.8 million, down 3.5% from March 2022.
* The used retail sales pace ticked higher to 18.8 million in March from February’s revised 17.9 million level. <ref>https://www.coxautoinc.com/market-insights/estimated-monthly-used-vehicle-saar-and-volume/</ref>
 
==== New ====
 
* Total new-vehicle sales were up 9% from a year ago for a sales pace, or seasonally adjusted annual rate (SAAR), of 14.8 million, up from 13.6 million a year ago but down from February’s revised 15 million.
* During March, we saw sales surpass the 1-million mark for a 30-day period for the first time since early September 2021. Higher sales have been boosted, in part, by improving inventory, which has been running at around 1.8 million or so for the past several weeks.<ref>https://www.coxautoinc.com/newsroom/market-insights/</ref>


=== June 2023 ===
===<big>Used</big>===
==== Used ====
[[File:Screenshot 2023-07-21 142755.png|center|thumb|472x472px|https://www.coxautoinc.com/wp-content/uploads/2023/06/2023-Cox-Automotive-Mid-Year-Review-Presentation.pdf]]
 
* Total used-vehicle sales in June are estimated to be near 3.0 million units, up '''2.8% from June 2022.'''
* The seasonally adjusted annual rate, or SAAR, is estimated to have finished near '''36.7 million, up from last June’s 35.7 million pace and up from May’s downwardly revised 34.1 million level.'''
* Retail used-vehicle sales are estimated to be 1.6 million, up 3.3% from June 2022. The used retail sales pace ticked higher to 19.4 million in June from May’s downwardly revised 18.1 million level.<ref>https://www.coxautoinc.com/market-insights/estimated-monthly-used-vehicle-saar-and-volume/</ref>
 
==== New ====
[[File:Screenshot 2023-07-21 142202.png|center|thumb|https://www.coxautoinc.com/wp-content/uploads/2023/06/2023-Cox-Automotive-Mid-Year-Review-Presentation.pdf]]
* New-vehicle sales in June by volume were the highest since May 2021. Sales into fleet and increasing incentives contributed to the '''20.7% year-over-year volume gain.''' Compared with May, new-vehicle sales were up 0.5% in June.<ref>https://www.coxautoinc.com/market-insights/kbb-atp-june-2023/</ref>
 
=== September 2023 ===
 
==== Used ====
Weekly sales remain near recent yearly peak, up 7% vs. prior year
[[File:Screenshot 2023-10-10 110132.png|center|thumb|887x887px|https://www.coxautoinc.com/wp-content/uploads/2023/09/Sept-26-Q3-2023-Cox-Automotive-Industry-Insights-Presentation.pdf]]
 
==== New ====
Sales up nearly 14% YTD, but dipped from Q2 – headwinds likely to slow market in Q4
[[File:Screenshot 2023-10-10 103859.png|center|thumb|858x858px|https://www.coxautoinc.com/wp-content/uploads/2023/09/Sept-26-Q3-2023-Cox-Automotive-Industry-Insights-Presentation.pdf]]
 
=== December 2023 ===
 
==== Used ====
Weekly sales estimates declined at the end of December, up 4% Y/Y for Week 52; YTD -3%<ref>https://www.coxautoinc.com/wp-content/uploads/2024/01/2024-Cox-Automotive-Industry-Insights-Webcast-Presentation.pdf</ref>
 
==== New ====
 
2023 Finishes with 15.46 Million[[File:Screenshot 2024-01-12 131928.png|center|thumb|874x874px|https://www.coxautoinc.com/wp-content/uploads/2024/01/2024-Cox-Automotive-Industry-Insights-Webcast-Presentation.pdf]]
 
=== March 2024 ===
 
==== <big>Used</big> ====
{| class="wikitable"
{| class="wikitable"
!<ref>https://www.coxautoinc.com/market-insights/used-retail-vehicle-sales-march-2024/</ref>
!<ref>https://www.coxautoinc.com/market-insights/used-retail-vehicle-sales-march-2024/</ref>
Line 350: Line 300:
|1,308,311
|1,308,311
|
|
| -25.4%
| -25.4%
|6.1%
|6.1%
| -6.4%
| -6.4%
|
|
| -9.9%
| -9.9%
|6.3%
|6.3%
|1.3%
|1.3%
Line 363: Line 313:
|1,404,837
|1,404,837
|
|
| -11.7%
| -11.7%
| -0.7%
| -0.7%
|4.1%
|4.1%
|
|
|3.2%
|3.2%
| -3.4%
| -3.4%
|7.4%
|7.4%
|-
|-
Line 376: Line 326:
|1,664,964
|1,664,964
|
|
| -24.6%
| -24.6%
| -10.1%
| -10.1%
|10.9%
|10.9%
|
|
Line 389: Line 339:
|
|
|
|
| -27.0%
| -27.0%
| -6.4%
| -6.4%
|
|
|
|
| -11.4%
| -11.4%
| -7.7%
| -7.7%
|
|
|-
|-
|May    
|May  
|1,573,287
|1,573,287
|1,396,172
|1,396,172
|
|
|
|
| -19.4%
| -19.4%
| -11.3%
| -11.3%
|
|
|
|
Line 410: Line 360:
|
|
|-
|-
|Jun    
|Jun  
|1,449,190
|1,449,190
|1,392,630
|1,392,630
|
|
|
|
| -19.5%
| -19.5%
| -3.9%
| -3.9%
|
|
|
|
| -7.9%
| -7.9%
| -0.3%
| -0.3%
|
|
|-
|-
|Jul    
|Jul  
|1,466,348
|1,466,348
|1,407,870
|1,407,870
|
|
|
|
| -18.8%
| -18.8%
| -4.0%
| -4.0%
|
|
|
|
Line 436: Line 386:
|
|
|-
|-
|Aug    
|Aug  
|1,491,004
|1,491,004
|1,481,718
|1,481,718
|
|
|
|
| -19.0%
| -19.0%
| -0.6%
| -0.6%
|
|
|
|
Line 449: Line 399:
|
|
|-
|-
|Sep    
|Sep  
|1,395,438
|1,395,438
|1,330,619
|1,330,619
|
|
|
|
| -13.7%
| -13.7%
| -4.6%
| -4.6%
|
|
|
|
| -6.4%
| -6.4%
| -10.2%
| -10.2%
|
|
|-
|-
|Oct    
|Oct  
|1,414,611
|1,414,611
|1,320,566
|1,320,566
|
|
|
|
| -17.1%
| -17.1%
| -6.6%
| -6.6%
|
|
|
|
|1.4%
|1.4%
| -0.8%
| -0.8%
|
|
|-
|-
|Nov    
|Nov  
|1,281,130
|1,281,130
|1,282,699
|1,282,699
|
|
|
|
| -15.5%
| -15.5%
|0.1%
|0.1%
|
|
|
|
| -9.4%
| -9.4%
| -2.9%
| -2.9%
|
|
|-
|-
|Dec    
|Dec  
|1,314,827
|1,314,827
|1,291,529
|1,291,529
|
|
|
|
| -10.1%
| -10.1%
| -1.8%
| -1.8%
|
|
|
|
Line 502: Line 452:
|}
|}


==== <big>New</big> ====
====<big>New</big>====
[[File:Screenshot 2024-04-18 110126.png|center|thumb|855x855px|https://www.coxautoinc.com/wp-content/uploads/2024/03/Q1-2024-Cox-Automotive-Industry-Insights-and-Forecast-Call-Presentation.pdf]]
[[File:Screenshot 2024-04-18 110126.png|center|thumb|855x855px|https://www.coxautoinc.com/wp-content/uploads/2024/03/Q1-2024-Cox-Automotive-Industry-Insights-and-Forecast-Call-Presentation.pdf]]
[[File:Screenshot 2024-04-18 110214.png|center|thumb|848x848px|https://www.coxautoinc.com/wp-content/uploads/2024/03/Q1-2024-Cox-Automotive-Industry-Insights-and-Forecast-Call-Presentation.pdf]]
[[File:Screenshot 2024-04-18 110214.png|center|thumb|848x848px|https://www.coxautoinc.com/wp-content/uploads/2024/03/Q1-2024-Cox-Automotive-Industry-Insights-and-Forecast-Call-Presentation.pdf]]
Line 511: Line 461:
* While annual EV sales continue to grow in the U.S. market, the growth rate has slowed notably. '''Sales in Q1 rose 2.6% year over year, but fell 15.2% compared to Q4 2023.''' The increase last quarter was well below the previous two years.
* While annual EV sales continue to grow in the U.S. market, the growth rate has slowed notably. '''Sales in Q1 rose 2.6% year over year, but fell 15.2% compared to Q4 2023.''' The increase last quarter was well below the previous two years.
* One bright spot in Q1: Strong EV sales from luxury makers, suggesting the EV market continues to be luxury-driven. Cadillac achieved a 499.2% year-over-year increase in electric vehicle sales due to robust sales of its Lyriq model. At Mercedes, EV sales were up 66.9%. BMW posted a 62.6% increase in EV sales compared to Q1 2023. At Audi, Q1 EV sales grew 28.8% year over year.
* One bright spot in Q1: Strong EV sales from luxury makers, suggesting the EV market continues to be luxury-driven. Cadillac achieved a 499.2% year-over-year increase in electric vehicle sales due to robust sales of its Lyriq model. At Mercedes, EV sales were up 66.9%. BMW posted a 62.6% increase in EV sales compared to Q1 2023. At Audi, Q1 EV sales grew 28.8% year over year.
=== <big>December 2023</big> ===
==== Used ====
Weekly sales estimates declined at the end of December, up 4% Y/Y for Week 52; YTD -3%<ref>https://www.coxautoinc.com/wp-content/uploads/2024/01/2024-Cox-Automotive-Industry-Insights-Webcast-Presentation.pdf</ref>
==== New ====
2023 Finishes with 15.46 Million[[File:Screenshot 2024-01-12 131928.png|center|thumb|874x874px|https://www.coxautoinc.com/wp-content/uploads/2024/01/2024-Cox-Automotive-Industry-Insights-Webcast-Presentation.pdf]]
=== <big>September 2023</big> ===
==== Used ====
Weekly sales remain near recent yearly peak, up 7% vs. prior year
[[File:Screenshot 2023-10-10 110132.png|center|thumb|887x887px|https://www.coxautoinc.com/wp-content/uploads/2023/09/Sept-26-Q3-2023-Cox-Automotive-Industry-Insights-Presentation.pdf]]
==== New ====
Sales up nearly 14% YTD, but dipped from Q2 – headwinds likely to slow market in Q4
[[File:Screenshot 2023-10-10 103859.png|center|thumb|858x858px|https://www.coxautoinc.com/wp-content/uploads/2023/09/Sept-26-Q3-2023-Cox-Automotive-Industry-Insights-Presentation.pdf]]
=== <big>June 2023</big> ===
==== Used ====
[[File:Screenshot 2023-07-21 142755.png|center|thumb|472x472px|https://www.coxautoinc.com/wp-content/uploads/2023/06/2023-Cox-Automotive-Mid-Year-Review-Presentation.pdf]]
* Total used-vehicle sales in June are estimated to be near 3.0 million units, up '''2.8% from June 2022.'''
* The seasonally adjusted annual rate, or SAAR, is estimated to have finished near '''36.7 million, up from last June’s 35.7 million pace and up from May’s downwardly revised 34.1 million level.'''
* Retail used-vehicle sales are estimated to be 1.6 million, up 3.3% from June 2022. The used retail sales pace ticked higher to 19.4 million in June from May’s downwardly revised 18.1 million level.<ref>https://www.coxautoinc.com/market-insights/estimated-monthly-used-vehicle-saar-and-volume/</ref>
==== New ====
[[File:Screenshot 2023-07-21 142202.png|center|thumb|https://www.coxautoinc.com/wp-content/uploads/2023/06/2023-Cox-Automotive-Mid-Year-Review-Presentation.pdf]]
* New-vehicle sales in June by volume were the highest since May 2021. Sales into fleet and increasing incentives contributed to the '''20.7% year-over-year volume gain.''' Compared with May, new-vehicle sales were up 0.5% in June.<ref>https://www.coxautoinc.com/market-insights/kbb-atp-june-2023/</ref>
=== <big>March 2023</big> ===
==== Used ====
* Total used-vehicle sales in March are estimated to be near 3.3 million units, down 4% from March 2022.
* The seasonally adjusted annual rate, or SAAR, is estimated to have finished near 35.5 million, down from last March’s 37.0 million level but up from February’s revised 33.9 million level.
* Retail used-vehicle sales  are estimated to be 1.8 million, down 3.5% from March 2022.
* The used retail sales pace ticked higher to 18.8 million in March from February’s revised 17.9 million level. <ref>https://www.coxautoinc.com/market-insights/estimated-monthly-used-vehicle-saar-and-volume/</ref>
==== New ====
* Total new-vehicle sales were up 9% from a year ago for a sales pace, or seasonally adjusted annual rate (SAAR), of 14.8 million, up from 13.6 million a year ago but down from February’s revised 15 million.
* During March, we saw sales surpass the 1-million mark for a 30-day period for the first time since early September 2021. Higher sales have been boosted, in part, by improving inventory, which has been running at around 1.8 million or so for the past several weeks.<ref>https://www.coxautoinc.com/newsroom/market-insights/</ref>
=== <big>2022</big> ===
Full-year sales for 2022 totaled 13,903,429 units, a decrease of 7.8% compared to the end of 2021. This is the lowest level seen since 2011 when sales were recovering from the Great Recession
* Truck and SUV full-year sales were down 6.4% to 10,920,758 units, while passenger car sales were down 12.8% to 2,979,113 units for 2022.<ref>https://www.marklines.com/en/statistics/flash_sales/automotive-sales-in-usa-by-month#dec</ref>


== Prices ==
== Prices ==
Line 971: Line 972:
== Inventory ==
== Inventory ==


=== March 2023 ===
=== March 2024 ===


==== Used ====
==== Used ====
 
[[File:Screenshot 2024-04-18 111044.png|center|thumb|749x749px|https://www.coxautoinc.com/wp-content/uploads/2024/03/Q1-2024-Cox-Automotive-Industry-Insights-and-Forecast-Call-Presentation.pdf]]
* The total supply of unsold used vehicles on dealer lots stood at 2.05 million units at the close of March. That was down from a revised 2.09 million at the end of February and down 10% from 2.3 million in March 2021.  
* The supply of used vehicles at dealerships is at its lowest point in our data, which goes back to 2019.
* Days’ supply at the end of March stood at 40, down from the revised 44 days’ supply at the end of February. Days’ supply was 15% below the year-ago levels.<ref name=":3">https://www.coxautoinc.com/market-insights/used-vehicle-inventory-march-2023/</ref>


==== New ====
==== New ====
 
Currently 940,000 more units than last year, days of supply at 73 days, +30% year over year
* The total U.S. supply of available unsold new vehicles on dealer lots and some in transit stood at 1.89 million units at the end of March, up from a revised 1.80 million at the end of February.
[[File:Screenshot 2024-04-18 110717.png|center|thumb|739x739px|https://www.coxautoinc.com/wp-content/uploads/2024/03/Q1-2024-Cox-Automotive-Industry-Insights-and-Forecast-Call-Presentation.pdf]]
* The end of March marked the highest level of supply since April 2021. Supply was up 70% from a year ago, or 780,000 units higher.
[[File:Screenshot 2024-04-18 110743.png|center|thumb|740x740px|https://www.coxautoinc.com/wp-content/uploads/2024/03/Q1-2024-Cox-Automotive-Industry-Insights-and-Forecast-Call-Presentation.pdf]]
* Days’ supply was 56, down only a day from the end of February but up 58% from the same time a year ago. Historically, a 60 days’ supply across the industry was considered normal and ideal.<ref name=":2">https://www.coxautoinc.com/market-insights/new-vehicle-inventory-march-2023/</ref>
=== December 2023 ===
* The industry had non-luxury vehicle inventory totaling 1.60 million vehicles, up from 1.53 million at the end of February, for a 55 days’ supply.  
* The inventory of luxury vehicles (excluding uber luxury ones) stood at 290,852 units, up from 271,591 at the end of February, for a 60 days’ supply.<ref name=":2" />
 
=== June 2023 ===


==== Used ====
==== Used ====
[[File:Screenshot 2023-07-21 142923.png|center|thumb|484x484px|https://www.coxautoinc.com/wp-content/uploads/2023/06/2023-Cox-Automotive-Mid-Year-Review-Presentation.pdf]]
Total supply up 2% or 37K from last year; Days’ supply at 56, down 3% from the end of 2022
* The total supply of unsold used vehicles on dealer lots  across the U.S. stood a'''t 2.22 million units at the close of June.''' That was up from a revised 2.12 million at the end of May but '''down 10%, or 241,000 units, from the same time a year ago.'''
[[File:Screenshot 2024-01-12 135440.png|center|thumb|741x741px|https://www.coxautoinc.com/wp-content/uploads/2024/01/2024-Cox-Automotive-Industry-Insights-Webcast-Presentation.pdf]]
* Total days’ supply at the end of June stood at 47, compared with 46 at the start of the month. '''The days’ supply was down 11% from year-ago levels'''. Days’ supply has been holding at this level since spring.<ref>https://www.coxautoinc.com/market-insights/used-vehicle-inventory-june-2023/</ref>


==== New ====
==== New ====
[[File:Screenshot 2023-07-21 142459.png|center|thumb|707x707px|https://www.coxautoinc.com/wp-content/uploads/2023/06/2023-Cox-Automotive-Mid-Year-Review-Presentation.pdf]]
Currently over 900K more units than last year, days of supply at 71 – up 20%
 
[[File:Screenshot 2024-01-12 135210.png|center|thumb|744x744px|https://www.coxautoinc.com/wp-content/uploads/2024/01/2024-Cox-Automotive-Industry-Insights-Webcast-Presentation.pdf]]
=== September 2023 ===
=== September 2023 ===


Line 1,007: Line 1,000:
[[File:Screenshot 2023-10-10 104547.png|center|thumb|731x731px|https://www.coxautoinc.com/wp-content/uploads/2023/09/Sept-26-Q3-2023-Cox-Automotive-Industry-Insights-Presentation.pdf]]
[[File:Screenshot 2023-10-10 104547.png|center|thumb|731x731px|https://www.coxautoinc.com/wp-content/uploads/2023/09/Sept-26-Q3-2023-Cox-Automotive-Industry-Insights-Presentation.pdf]]


=== December 2023 ===
=== June 2023 ===


==== Used ====
==== Used ====
Total supply up 2% or 37K from last year; Days’ supply at 56, down 3% from the end of 2022
[[File:Screenshot 2023-07-21 142923.png|center|thumb|484x484px|https://www.coxautoinc.com/wp-content/uploads/2023/06/2023-Cox-Automotive-Mid-Year-Review-Presentation.pdf]]
[[File:Screenshot 2024-01-12 135440.png|center|thumb|741x741px|https://www.coxautoinc.com/wp-content/uploads/2024/01/2024-Cox-Automotive-Industry-Insights-Webcast-Presentation.pdf]]
* The total supply of unsold used vehicles on dealer lots  across the U.S. stood a'''t 2.22 million units at the close of June.''' That was up from a revised 2.12 million at the end of May but '''down 10%, or 241,000 units, from the same time a year ago.'''
* Total days’ supply at the end of June stood at 47, compared with 46 at the start of the month. '''The days’ supply was down 11% from year-ago levels'''. Days’ supply has been holding at this level since spring.<ref>https://www.coxautoinc.com/market-insights/used-vehicle-inventory-june-2023/</ref>


==== New ====
==== New ====
Currently over 900K more units than last year, days of supply at 71 – up 20%
[[File:Screenshot 2023-07-21 142459.png|center|thumb|707x707px|https://www.coxautoinc.com/wp-content/uploads/2023/06/2023-Cox-Automotive-Mid-Year-Review-Presentation.pdf]]
[[File:Screenshot 2024-01-12 135210.png|center|thumb|744x744px|https://www.coxautoinc.com/wp-content/uploads/2024/01/2024-Cox-Automotive-Industry-Insights-Webcast-Presentation.pdf]]


=== March 2024 ===
=== March 2023 ===


==== Used ====
==== Used ====
[[File:Screenshot 2024-04-18 111044.png|center|thumb|749x749px|https://www.coxautoinc.com/wp-content/uploads/2024/03/Q1-2024-Cox-Automotive-Industry-Insights-and-Forecast-Call-Presentation.pdf]]
 
* The total supply of unsold used vehicles on dealer lots stood at 2.05 million units at the close of March. That was down from a revised 2.09 million at the end of February and down 10% from 2.3 million in March 2021.  
* The supply of used vehicles at dealerships is at its lowest point in our data, which goes back to 2019.
* Days’ supply at the end of March stood at 40, down from the revised 44 days’ supply at the end of February. Days’ supply was 15% below the year-ago levels.<ref name=":3">https://www.coxautoinc.com/market-insights/used-vehicle-inventory-march-2023/</ref>


==== New ====
==== New ====
Currently 940,000 more units than last year, days of supply at 73 days, +30% year over year
[[File:Screenshot 2024-04-18 110717.png|center|thumb|739x739px|https://www.coxautoinc.com/wp-content/uploads/2024/03/Q1-2024-Cox-Automotive-Industry-Insights-and-Forecast-Call-Presentation.pdf]]
[[File:Screenshot 2024-04-18 110743.png|center|thumb|740x740px|https://www.coxautoinc.com/wp-content/uploads/2024/03/Q1-2024-Cox-Automotive-Industry-Insights-and-Forecast-Call-Presentation.pdf]]


* The total U.S. supply of available unsold new vehicles on dealer lots and some in transit stood at 1.89 million units at the end of March, up from a revised 1.80 million at the end of February.
* The end of March marked the highest level of supply since April 2021. Supply was up 70% from a year ago, or 780,000 units higher.
* Days’ supply was 56, down only a day from the end of February but up 58% from the same time a year ago. Historically, a 60 days’ supply across the industry was considered normal and ideal.<ref name=":2">https://www.coxautoinc.com/market-insights/new-vehicle-inventory-march-2023/</ref>
* The industry had non-luxury vehicle inventory totaling 1.60 million vehicles, up from 1.53 million at the end of February, for a 55 days’ supply.
* The inventory of luxury vehicles (excluding uber luxury ones) stood at 290,852 units, up from 271,591 at the end of February, for a 60 days’ supply.<ref name=":2" />


== Affordability ==
== Affordability ==
Retrieved from "https://investmentwiki.mywikis.eu/wiki/Special:MobileDiff/11461"