2023 Cox Automotive Market Insights and Outlook

Wednesday June 7, 2023

In the complex and dynamic automotive market, reliable data and smart insights provide a critical map for the road ahead. The Cox Automotive Economic and Industry Insights team strives to collect, analyze and share the best information possible, pulling from numerous reputable sources, including Cox Automotive's unmatched portfolio of first-party automotive data.

The Cox Automotive Market Insights and Outlook (CAMIO) report presented below is a look back at the data and trends from 2022 and a look forward to how 2023 is progressing, including the most recent Cox Automotive forecasts and predictions. This report comprises multiple chapters covering the backdrop to the overall auto market plus the new, used and wholesale markets, as well as franchised dealers’ service lanes.

Results from the 2022 Car Buyer Journey Study provide a useful backdrop for much of the data and trends presented in the 2023 CAMIO report. In other words, to better understand the 2022 data sets, it helps to understand how data impacted the consumer experience.

Read the article.

A Market Driven by the Fed

2022 ended in disappointing fashion as demand weakened from payment affordability just as the industry finally saw new-vehicle supply improve.

New & Used Auto Loan Rates Coming soon!

Cox Automotive/Moody's Analytics Credit Availability Index

New-vehicle sales ended 2022 down after facing supply issues throughout the year.

New-Vehicle Sales

New-Vehicle Inventory Volume & Days’ Supply

New-Vehicle Average Transaction Prices and Listing Prices

Vehicle Affordability Index

Fleet Sales

Electric Vehicle Sales

The used car market was challenged in 2022 by declining demand and worsening affordability limiting the traditional used car buyer.

Used-Vehicle Sales

Used-Vehicle Inventory Volume and Days’ Supply

Used-Vehicle Listing Prices

Certified Pre-Owned Sales

The Manheim Used Vehicle Value Index (MUVVI) retreated in 2022 after an unprecedented run-up in used-vehicle values from 2020 through 2021.

Manheim Used Vehicle Value Index

Loan Defaults and Repossessions

Xtime service metrics moved in different directions in 2022, with service department revenue at U.S. franchised dealerships steadily increasing while service ticket volume declined.

Xtime Repair Order Revenue and Volume Indices

The 2023 Cox Automotive Market Insights and Outlook (CAMIO) is one of the many tools we provide. We encourage you to regularly check the Cox Automotive Newsroom and the Auto Market Snapshot. Sign up for From the Newsroom, our biweekly newsletter, to receive the most comprehensive, timely data and insights possible, brought to you by the best team of analysts and experts in the industry.