SAAR | Jotup

Cox Automotive Forecast: New-Vehicle Sales to Increase More Than 11% Year Over Year Through the First Half of 2023

Retrieved on:

火曜日, 6月 27, 2023

Cox Automotive increases full-year, new-vehicle sales forecast to 15.0 million in 2023 after a surprisingly strong first half.

Key Points:

Cox Automotive increases full-year, new-vehicle sales forecast to 15.0 million in 2023 after a surprisingly strong first half.
ATLANTA, June 27, 2023 /PRNewswire/ -- Cox Automotive, the world's largest automotive services and technology provider, forecasts U.S. new-vehicle sales volume will reach 7.65 million units in the first half of 2023, an increase of 11.6% year over year.
After a stronger-than-expected first half, punctuated by a notable improvement in fleet sales, Cox Automotive has increased its full-year sales forecast to 15.0 million.
"We came into 2023 concerned about affordability, supply constraints, and a fragile economy," noted Cox Automotive Chief Economist Jonathan Smoke.

S&P Global Mobility: US auto sales advance again in June

Retrieved on:

月曜日, 6月 26, 2023

Growth, S, Environment, SAAR, Gasoline

SOUTHFIELD, Mich., June 26, 2023 /PRNewswire/ -- Signs of green shoots within the auto demand environment continue to emerge as June US auto sales are expected to follow-up on the solid volume levels of the preceding two months.

Key Points:

S&P Global Mobility projects new light vehicle sales volume in June 2023 to reach 1.38 million units, up 17% y-o-y.
"For the second consecutive month, auto sales volumes will be supported by month-end holiday programs," said Chris Hopson, principal analyst at S&P Global Mobility.
The estimated June sales result would move year to date 2023 sales volume to 7.7 million units, growth of over 12% from the respective 2022 level.
S&P Global Mobility projects calendar year 2023 new vehicle sales volume to reach 15.1 million units, growth of 9%, or an incremental 1.2 million units, from the 2022 level.

Housing Market Potential Increases, but Remains Squeezed by Supply Shortage, According to First American Potential Home Sales Model

Retrieved on:

水曜日, 6月 21, 2023

Professional Services, Residential Building & Real Estate, Insurance, Construction & Property, REIT, Banking, FAF, American Financial Group, First American Corporation, Housing, Bias, Fleming, NYSE, SAAR, First American, Sale, Real estate, Video game

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 5.7 percent compared with a year ago, a loss of 319,000 (SAAR) sales.
Currently, potential existing-home sales is 1,486,600 (SAAR), or 21.9 percent, below the peak of market potential, which occurred in April 2006.
Yet, in a higher mortgage rate environment where existing homeowners stay put and limit the supply of homes for sale, housing market potential will remain constrained.

Resilient U.S. Economy Continues to Avoid Recession -- So Far

Retrieved on:

水曜日, 6月 7, 2023

LOS ANGELES , June 7, 2023 /PRNewswire/ -- With the release of the UCLA Anderson Forecast's June 2023 report, there is some good news: The U.S. economy is not in a recession — yet. But the latest forecast comes with a caution.

Key Points:

Consequently, as they did in the previous two quarters, Anderson Forecast economists have issued a forecast with two scenarios: one involving a recession the other without a recession.
Simply put, aggressive action by the Fed could eventually push the economy into a mild recession.
So far, it has not, but the possibility of a recession still looms, depending on future Fed actions.
In the recession scenario, the California economy would decline, but by less than the U.S. economy.

Cox Automotive Forecast: New-Vehicle Sales In May Expected to Jump By 20% As Inventory Concerns Fade

Retrieved on:

木曜日, 5月 25, 2023

SAAR, Retail

May sales volume is expected to rise 20.3% from one year ago and reach 1.35 million units.

Key Points:

May sales volume is expected to rise 20.3% from one year ago and reach 1.35 million units.
Sales volume will fall 1.1% from April, which had one additional selling day.
Significant year-over-year new-vehicle inventory levels and continued momentum in fleet sales are seen as key drivers of the expected healthy sales increases.
Sales volume is forecast to jump more than 20% year-over-year, thanks to far better inventory levels.

S&P Global Mobility: Growing inventories and falling prices, but US auto sales growth still progressing slowly

Retrieved on:

水曜日, 5月 24, 2023

Pressure, S, MSRP, Negotiation, SAAR, Retail

SOUTHFIELD, Mich., May 24, 2023 /PRNewswire/ -- As the market awaits a clear signal that either growing new-vehicle inventories or consumer affordability issues will emerge as the main determinant of auto sales trends in the immediate term, new U.S. light vehicle demand in May is expected to soldier on uneventfully and maintain its unsteady climb.

Key Points:

This volume would translate to an estimated sales pace of 14.5 million units (seasonally adjusted annual rate: SAAR), a step down from the month-prior result, but reminiscent of ongoing monthly patterns in this metric.
"Auto sales in May are expected to reflect the ongoing market conditions running in opposition of each other; improving inventory, but uncertain consumers," said Chris Hopson, principal analyst at S&P Global Mobility.
"Potential upside to immediate term sales remains as inventory levels progress.
Sales volumes over the next several months are not expected to dynamically change from the current trend, according to the analysis.

S&P Global Mobility: Progress of US auto sales remains unsteady

Retrieved on:

火曜日, 4月 25, 2023

S, Environment, News, Vertigo, SAAR, Retail

SOUTHFIELD, Mich., April 25, 2023 /PRNewswire/ -- S&P Global Mobility estimates new light vehicle sales volume in April 2023 to reach 1.29 million units, up approximately 4% from April 2022 and representing the ninth consecutive month in which volume has improved from the year-ago level. This volume would translate to an estimated sales pace of 15.2 million units SAAR (seasonally adjusted annual rate), in line with the first quarter 2023 average of 15.3 million units.

Key Points:

S&P Global Mobility estimates new light vehicle sales volume in April 2023 to reach 1.29 million units.
Auto sales will remain subject to the unsteadiness apparent in the overall economy, with the likelihood of month-to-month volatility ahead."
While sales continue to waver, the supply side of the auto equation is beginning to show some sustained signs of improvement.
S&P Global Mobility analysts do not expect sales volumes over the next several months to dynamically change from the current trend.

Cox Automotive Forecast: New-Vehicle Sales Pick Up Pace in April as Inventory Levels Continue to Improve

Retrieved on:

火曜日, 4月 25, 2023

Cox, Cox Enterprises, SAAR, Gasoline

At the start of April, available new-vehicle supply volume was 70% above last year, according to a Cox Automotive analysis of initial vAuto inventory data.

Key Points:

At the start of April, available new-vehicle supply volume was 70% above last year, according to a Cox Automotive analysis of initial vAuto inventory data.
ATLANTA, April 25, 2023 /PRNewswire/ -- New-vehicle sales in April are likely to reveal the market has caught spring fever when announced next week.
April's sales pace is also forecast to show improvement over last month's 14.8 million pace.
April U.S. new-vehicle sales are likely to show a large gain over last year, according to Cox Automotive forecast.

Credit Crunch Unlikely to Significantly Impact Mortgage Availability, According to First American Potential Home Sales Model

Retrieved on:

火曜日, 4月 18, 2023

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 10.7 percent compared with a year ago, a loss of 641,700 (SAAR) sales.
Currently, potential existing-home sales is 1,439,400 (SAAR), or 21.2 percent below the pre-recession peak of market potential, which occurred in April 2006.
The Potential Home Sales Model uses the Chicago Fed National Financial Conditions Credit Subindex (NFCI), which is a comprehensive indicator of credit conditions.

Manheim Forecast: Used-Vehicle Values Rise Again in March, Finish Quarter up 8.6%

Retrieved on:

金曜日, 4月 7, 2023

Smoke, MMR, EV, History, SAAR, Sale, Government, Index, EVS, Sport, Cox Enterprises, Growth, Retail, Propane, Airline

End-of-year expectations for the Manheim Used Vehicle Value Index have been upwardly revised based mainly on the Q1 increases.

Key Points:

End-of-year expectations for the Manheim Used Vehicle Value Index have been upwardly revised based mainly on the Q1 increases.
ATLANTA, April 7, 2023 /PRNewswire/ -- The Manheim Used Vehicle Value Index (MUVVI) increased 8.6% in the first quarter, ending March at 238.1.
The Manheim Used Vehicle Value Index has risen four consecutive months after the largest decline within a year in 2022.
In March, Manheim Market Report (MMR) values saw increases that were stronger than normal to start the month but below normal to end the month.