SAAR

New-Vehicle Average Transaction Prices Retreat for Second Straight Month, According to Latest Kelley Blue Book Estimates

Retrieved on: 
Montag, März 11, 2024
Three-phase electric power, Blue book, EV, Lexus, Polestar, G class, Mitsubishi Group, EVS, SAAR, Research, Land Rover, Kia Rio, Ferrari, Rolls-Royce, Cox Enterprises, Infiniti, Mini, ATP, Kelley Blue Book, Model, Cryptocurrency

ATLANTA, March 11, 2024 /PRNewswire/ -- New-vehicle transaction prices (ATP) in February 2024 held mostly steady, according to an analysis by Kelley Blue Book, falling less than one-tenth of 1% from the revised January ATP.

Key Points: 
  • ATLANTA, March 11, 2024 /PRNewswire/ -- New-vehicle transaction prices (ATP) in February 2024 held mostly steady, according to an analysis by Kelley Blue Book, falling less than one-tenth of 1% from the revised January ATP.
  • Incentive packages continue to be highest with Infiniti, Audi, Mini, and Polestar, all over 10% of average transaction price, according to Kelley Blue Book estimates.
  • Incentives at Land Rover averaged only 2.0% of ATP, according to the Kelley Blue Book estimates.
  • Model 3 transaction prices last month, at $43,614, were lower year over year by 12% and near the lowest level on record.

S&P Global Mobility: February 2024 US auto sales to bounce mildly

Retrieved on: 
Dienstag, Februar 27, 2024
Growth, SAAR, Environment

SOUTHFIELD, Mich., Feb. 27, 2024 /PRNewswire/ -- With volume for the month projected at 1.22 million units, February 2024 U.S. auto sales are estimated to translate to an estimated sales pace of 15.5 million units (seasonally adjusted annual rate: SAAR). This would be a step up from the chilly 15.0 million unit pace of January 2024 and reflective of the volatile nature of the current auto demand environment.

Key Points: 
  • SOUTHFIELD, Mich., Feb. 27, 2024 /PRNewswire/ -- With volume for the month projected at 1.22 million units, February 2024 U.S. auto sales are estimated to translate to an estimated sales pace of 15.5 million units (seasonally adjusted annual rate: SAAR).
  • Auto sales in February should recover mildly from the January 2024 result, but sustained momentum seems tough to come by
    "We expect that auto sales in February should recover mildly from the January 2024 result, but sustained momentum seems tough to come by, given the current purchase environment facing auto consumers," said Chris Hopson, principal analyst at S&P Global Mobility.
  • The S&P Global Mobility US auto outlook for 2024 reflects sustained, but more moderate growth levels for light vehicle sales.
  • S&P Global Mobility projects calendar-year 2024 light vehicle sales volume of 15.9 million units, a 3% increase from the 2023 tally.

Cox Automotive Forecast: New-Vehicle Sales Pick Up in February After Slow Start to 2024

Retrieved on: 
Montag, Februar 26, 2024
Cox, SAAR, Weather, Cox Enterprises, Airline

The sales pace in February is expected to be higher by 0.5 million from last February's 14.9 million pace and up from January's 15.0 million level.

Key Points: 
  • The sales pace in February is expected to be higher by 0.5 million from last February's 14.9 million pace and up from January's 15.0 million level.
  • February's new-vehicle sales volume is forecast to rise 6.3% year over year and reach 1.22 million units.
  • According to Charlie Chesbrough, Senior Economist at Cox Automotive: "January and February are slow months for vehicle sales, but the new-vehicle sales pace this past January saw a surprising decline from December.
  • We are also seeing solid inventory levels and growing incentives and discounts, which should help sales volume."

Kelley Blue Book Reports New-Vehicle Transaction Prices Continue to Tumble, Down 3.5% Year Over Year in January

Retrieved on: 
Dienstag, Februar 13, 2024
EVS, Tesla Model Y, Nissan Leaf, SAAR, Kelley Blue Book, EV, SUV, Cox Enterprises, Business intelligence, VW, Hyundai, ATP, Cryptocurrency

Transaction prices were down 3.5% year over year in January and lower 2.6% month over month; price declines in January accelerated compared to December.

Key Points: 
  • Transaction prices were down 3.5% year over year in January and lower 2.6% month over month; price declines in January accelerated compared to December.
  • ATLANTA, Feb. 13, 2024 /PRNewswire/ -- The U.S. new-vehicle market sales pace slowed in January 2024, despite lower prices and higher incentives.
  • Prices have been trending downward for roughly six months now as automakers are sweetening deals to keep the sales flowing."
  • Cox Automotive and Kelley Blue Book revised the EV transaction price data in January to more accurately capture the expanding electric vehicle market.

J.D. Power-GlobalData U.S. Automotive Forecast for January 2024

Retrieved on: 
Freitag, Januar 26, 2024
Fleet Management, Other Automotive, General Automotive, Automotive, EV, Electric Vehicles, SAAR, Insurance, MSRP, J.D. Power, GlobalData, Rare-earth element

January 2024 has 25 selling days, one more than January 2023.

Key Points: 
  • January 2024 has 25 selling days, one more than January 2023.
  • The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 15.2 million units, flat from January 2023.
  • New-vehicle retail sales for January 2024 are expected to decrease when compared with January 2023.
  • Retail sales of new vehicles this month are expected to reach 862,400 units, a 1.8% decrease from January 2023.

Cox Automotive Forecast: New-Vehicle Sales in January Expected to Maintain Healthy Pace Set in December

Retrieved on: 
Montag, Januar 29, 2024
Cox Enterprises, UAW, SAAR, Cryptocurrency

ATLANTA, Jan. 29, 2024 /PRNewswire/ -- January new-vehicle sales, when announced next week, are expected to show gains over last year's product-constrained market.

Key Points: 
  • ATLANTA, Jan. 29, 2024 /PRNewswire/ -- January new-vehicle sales, when announced next week, are expected to show gains over last year's product-constrained market.
  • Cox Automotive forecasts sales volume in January to increase 8.3% over January 2023, a market that was still recovering from severe product shortages.
  • Fleet sales are expected to be a key contributor to total new-vehicle sales in January and throughout 2024.
  • Cox Automotive is forecasting fleet sales in 2024 will increase more than 7% from 2023 and grow faster than retail sales.

S&P Global Mobility: January 2024 US auto sales feel the chill

Retrieved on: 
Mittwoch, Januar 24, 2024
Weather, SAAR, Calendar

SOUTHFIELD, Mich., Jan. 24, 2024 /PRNewswire/ -- With volume for the month projected at 1.09 million units, January 2024 U.S. auto sales are estimated to translate to a sales pace of 15.2 million units (seasonally adjusted annual rate: SAAR). While this would be an improvement from the year-ago level, the result reflects a potential preview to the upcoming calendar year whereby month-to-month volatility is expected to remain in the market. Contributors to the chill in the January sales pace include an expected hangover from the solid closeout to sales in December 2023, combined with some inclement weather effects.

Key Points: 
  • Contributors to the chill in the January sales pace include an expected hangover from the solid closeout to sales in December 2023, combined with some inclement weather effects.
  • The S&P Global Mobility US auto outlook for 2024 projects sustained, but more moderate growth levels for light vehicle sales.
  • S&P Global Mobility projects calendar-year 2024 volume of 15.94 million units, a 3% increase from the 2023 tally.
  • "A volatile purchase environment for auto consumers will continue to dictate monthly sales levels."

Manheim Index: Used-Vehicle Values Fall Further in 2023, with Values Now Down 21% from All-Time High Reached in 2021

Retrieved on: 
Montag, Januar 8, 2024
Smoke, Depreciation, Cox Enterprises, Government, MMR, EVS, SAAR, Growth, SUV, EV, Cryptocurrency

After historic price increases in 2021, wholesale used-vehicle values have trended downward for two consecutive years.

Key Points: 
  • After historic price increases in 2021, wholesale used-vehicle values have trended downward for two consecutive years.
  • Compared to the index peak in December 2021, used-vehicle values are down nearly 21%.
  • In December, Manheim Market Report (MMR) values saw above-average weekly declines in the final two weeks of the year.
  • Over the last four weeks, the Three-Year-Old Index fell an aggregate of 1.4%, indicating values were falling faster than normal.

J.D. Power-GlobalData U.S. Automotive Forecast for December 2023

Retrieved on: 
Donnerstag, Dezember 21, 2023
General Automotive, Fleet Management, EV, Electric Vehicles, Automotive, Original equipment manufacturer, GlobalData, SAAR, Growth, J.D. Power, Insurance, MSRP, OEM, Cryptocurrency

New-vehicle total sales for 2023 are projected to reach 15,466,000 units, a 13.2% increase from 2022 when adjusted for selling days.

Key Points: 
  • New-vehicle total sales for 2023 are projected to reach 15,466,000 units, a 13.2% increase from 2022 when adjusted for selling days.
  • New-vehicle retail sales for December 2023 are expected to increase when compared with December 2022.
  • New-vehicle retail sales in Q4 2023 are projected to reach 3,186,700 units, a 9.8% increase from Q4 2022 when adjusted for selling days.
  • New-vehicle retail sales for 2023 are projected to reach 12,645,600 units, an 8.4% increase from 2022 when adjusted for selling days.

Cox Automotive Forecast: U.S. Auto Sales Expected to Finish 2023 Up More Than 11% Year Over Year, as General Motors Retains Top Spot, Hyundai Motor Group Jumps Past Stellantis

Retrieved on: 
Mittwoch, Dezember 27, 2023
Dodge, Cox Enterprises, Cox, Hyundai Motor Group, Hyundai, UAW, General Motors, Ford, SAAR, Kia, Kelley Blue Book, Automotive industry, Ram

ATLANTA, Dec. 27, 2023 /PRNewswire/ -- December new-vehicle sales, announced next week, are expected to show gains over last year's product-constrained market.

Key Points: 
  • ATLANTA, Dec. 27, 2023 /PRNewswire/ -- December new-vehicle sales, announced next week, are expected to show gains over last year's product-constrained market.
  • According to the Cox Automotive forecast released today, sales volume this month is expected to rise 6.2% over December 2022.
  • The seasonally adjusted annual rate (SAAR), or sales pace, is expected to finish near 15.1 million in December.
  • Fleet sales are expected to rise in December after experiencing two months of pull-back in commercial and rental vehicle sales.