SAAR | Jotup

Cox Automotive Forecast: November New-Vehicle Sales Expected to Jump 10.8% Year Over Year, as Inventory Levels Continue to Improve

Retrieved on:

Monday, November 28, 2022

Cox Automotive, SAAR, Chesbrough, Renewable energy, Warehouse, Animal

New-vehicle sales volume in November is expected to rise 10.8% from one year ago and reach 1.13 million units.

Key Points:

New-vehicle sales volume in November is expected to rise 10.8% from one year ago and reach 1.13 million units.
November's annual vehicle sales pace is expected to finish near 14.3 million, down 0.6 million from last month's 14.9 million pace but up notably from last year's 13.1 million level.
New-vehicle inventory continues to improve, likely supporting sales in November.
Cox Automotive's forecast shows that November U.S. auto sales outperformed year over year in both sales volume and pace.

TrueCar Releases Analysis of October Industry Sales

Retrieved on:

Friday, October 28, 2022

Eye, General Motors, NASDAQ, Solution, Total, Industry analyst, Honda, TrueCar, GM, Traction, SAAR, Gasoline, Renewable energy, Nissan

SANTA MONICA, Calif., Oct. 28, 2022 /PRNewswire/ -- TrueCar, Inc. (NASDAQ: TRUE), the easiest, most efficient and transparent online destination for buying and selling new and used vehicles, expects total new vehicle industry sales to reach 1,165,658 units in October 2022, up 15% from a year ago and about on par with September 2022, when adjusted for the same number of selling days. This month's seasonally adjusted annualized rate (SAAR) for total light vehicle industry sales is an estimated 14.6 million, up 13% from October 2021. Excluding fleet sales, TrueCar expects U.S. retail deliveries of new cars and light trucks to be 995,808 units, up 9% from a year ago and down about 2% from September 2022.

Key Points:

This month's seasonally adjusted annualized rate (SAAR) for total light vehicle industry sales is an estimated 14.6 million, up13% from October 2021.
"The sales pace has improved from a year ago though we expect it to be on par with the prior month when adjusting for selling days.
With the backdrop of increased interest rates and sustained elevated pricing, the limiting factor for sales may be shifting from inventory to affordability," said Zack Krelle, Industry Analyst at TrueCar.
Used vehicle sales for October 2022 are expected to reach almost 3 million, down 13% from a year ago and even with September 2022.

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

Retrieved on:

Wednesday, October 26, 2022

Inventory, Chesbrough, Industry, SAAR, Cox Automotive, Gasoline

October's new-vehicle sales pace is forecast to finish near 14.3 million, up 0.8 million from last month's 13.5 million pace and up from last year's 13.2 million level.

Key Points:

October's new-vehicle sales pace is forecast to finish near 14.3 million, up 0.8 million from last month's 13.5 million pace and up from last year's 13.2 million level.
New-vehicle inventory levels are improving, but gains are uneven across the industry.
October U.S. auto sales pace is expected to increase compared to last month and last year, according to Cox Automotive.
Last October, the market suffered from a severe lack of product, with national new-vehicle inventory levels hovering close to 1 million units, and the sales pace was only 13.2 million.

Manheim Used Vehicle Value Index Sees Another Strong Decline as Market Continues To Slow

Retrieved on:

Friday, October 7, 2022

Both the Manheim Used Vehicle Value Index and non-seasonally adjusted prices showed declines year over year for the month of September.

Key Points:

Both the Manheim Used Vehicle Value Index and non-seasonally adjusted prices showed declines year over year for the month of September.
This brought the Manheim Used Vehicle Value Index to 204.5, down 0.1% from a year ago.
The Manheim Used Vehicle Value Index shows wholesale used-vehicle prices fell in September.
To download additional commentary and data on the Manheim Used Vehicle Value Index from Cox Automotive, visit the Cox Automotive Newsroom .

Cox Automotive Lowers Full-Year New-Vehicle Sales Forecast as September Volumes Hold Steady at Low Level; Third Quarter Sales Volume Expected to Decline Versus Q3 2021

Retrieved on:

Wednesday, September 28, 2022

SAAR, Cox Automotive, General Motors, Honda, Tesla, Ford Motor Company, Cox, Information technology, Video game, Gasoline, Motor vehicle, Nissan

Sales volume in September expected to rise nearly 8% from one year ago but remain relatively low at 1.10 million units.

Key Points:

Sales volume in September expected to rise nearly 8% from one year ago but remain relatively low at 1.10 million units.
Cox Automotive officially lowers 2022 new-vehicle sales forecast to 13.7 million, down more than 9% from 2021 and at the lowest volume in a decade.
Cox Automotive forecast: September U.S. new-vehicle sales are expected to finish near 1.10 million units.
New-vehicle sales volume is forecast to rise 7.7% from September 2021 but decline 3.9% from last month.

J.D. Power and LMC Automotive Forecast for September 2022

Retrieved on:

Wednesday, September 28, 2022

Retail, Automotive, General Automotive, Automotive Manufacturing, Other Retail, Manufacturing, SAAR, Growth, Pressure, Industry, MSRP, J.D. Power, Environment, Total, Insurance, Video game, Bank

New-vehicle retail sales for year-to-date Q3 2022 are projected to reach 8,710,600 units, a 14.9% decrease from year-to-date Q3 2021 when adjusted for selling days.

Key Points:

New-vehicle retail sales for year-to-date Q3 2022 are projected to reach 8,710,600 units, a 14.9% decrease from year-to-date Q3 2021 when adjusted for selling days.
Total new-vehicle sales for September 2022, including retail and non-retail transactions, are projected to reach 1,120,279 units, an 11.8% increase from September 2021.
New-vehicle total sales for Q3 2022 are projected to reach 3,374,500 units, a 0.2% increase from Q3 2021.
New-vehicle total sales for year-to-date Q3 2022 are projected to reach 10,156,000 units, a 13.3% decrease from year-to-date Q3 2021.

Housing Market Potential Increases for First Time in Nearly a Year, According to First American Potential Home Sales Model

Retrieved on:

Wednesday, September 21, 2022

The month-over-month increase was also the largest monthly increase in housing market potential since December 2020, yet housing market potential remains 12.9 percent lower than one year ago."

Key Points:

The month-over-month increase was also the largest monthly increase in housing market potential since December 2020, yet housing market potential remains 12.9 percent lower than one year ago."
In August, those softer dynamics help to explain the discrepancy between the increase in housing market potential and ongoing cooling in the actual housing market.
The Forces Boosting Housing Market Potential:
Five of the six drivers of housing market potential boosted potential home sales in August compared with one month ago.
Compared with last month, more new-home supply entered the market, increasing housing market potential by nearly 1,300 potential home sales.

J.D. Power and LMC Automotive: U.S. Automotive Forecast for August 2022

Retrieved on:

Wednesday, August 24, 2022

General Automotive, Retail, Other Retail, Automotive, J.D. Power, Face, MSRP, SAAR, Industry, Record, Insurance, Silver, Animal, Bank, Retail

New-vehicle retail sales for August 2022 are expected to decline when compared with August 2021, according to a joint forecast from J.D.

Key Points:

New-vehicle retail sales for August 2022 are expected to decline when compared with August 2021, according to a joint forecast from J.D.
Total new-vehicle sales for August 2022, including retail and non-retail transactions, are projected to reach 1,136,800 units, a 0.6% increase from August 2021.
Comparing the sales volume without adjusting for the number of selling days translates to an increase of 4.6% from 2021.
The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 13.3 million units, up 0.2 million units from 2021.

Housing Market May Be Entering ‘The Great Normalization,’ According to First American Potential Home Sales Model

Retrieved on:

Wednesday, August 17, 2022

The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals.

Key Points:

The Potential Home Sales Model measures what the healthy market level of home sales should be based on economic, demographic, and housing market fundamentals.
The market potential for existing-home sales decreased 14.4 percent compared with a year ago, a loss of 918,400 (SAAR) sales.
Currently, potential existing-home sales is 1,336,000 (SAAR), or 19.7 percent below the pre-recession peak of market potential, which occurred in April 2006.
The Potential Home Sales model is published prior to the National Association of Realtors Existing-Home Sales report each month.

July New-Vehicle Sales Pace Still Constrained but Transaction Prices and Dealer Profits Remain at Record Levels

Retrieved on:

Wednesday, July 27, 2022

Marketing, Communications, Aftermarket, General Automotive, Automotive, J.D. Power, MSRP, SAAR, Growth, Insurance, Industry, Cryptocurrency, Health insurance

Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 14.1% from 2021.

Key Points:

Comparing the same sales volume without adjusting for the number of selling days translates to a decrease of 14.1% from 2021.
Comparing the sales volume without adjusting for the number of selling days translates to a decrease of 9.2% from 2021.
Power:
July is yet another month where supply constraints keep vehicle sales artificially low but deliver record transaction prices and dealer profitability.
For July, new-vehicle prices continue to hover near record levels, with the average transaction price expected to reach $45,869a 12.3% increase from a year agothe second highest on record.