From the Cox Auto Industry Newsroom

Welcome to From the Newsroom, a roundup of news from Cox Automotive and perspectives from its analysts and experts on topics dominating the automotive industry.

With Labor Day behind us, initialAugust new-vehicle sales results, as expected, are showing healthy volume gains. Full results will be in by the end of the week, but early reports suggest the extra selling days helped the auto market navigate August with strength as vehicle demand more than held up and momentum improved as August progressed. Cox Automotive Chief Economist Jonathan Smoke offers an initial take on the market’s performance in his latest Auto Market Report. 

According to the latest data, new- and used-vehicle sales volumes are at the highest level for 2024. With growing demand, supply has tightened, and prices are creeping up. For the first time this year, the popular 3-year-old product – a staple of the used-vehicle business our team tracks closely – experienced a price increase in both the wholesale and retail markets.
 

In case you missed it, we launched a new video series called Brian Finkelmeyer, senior director of Insights and Advisory at Cox Automotive, highlights the industry’s most interesting stories and trends.

Cox Automotive recently hosted a media visit at our EV Battery Solutions headquarters in Oklahoma City, one of five locations that now offers a complete range of services. Read the brief recap below to learn more about how Cox Automotive is delivering EV battery solutions that support the entire automotive ecosystem.
Register to attend the Q3 Cox Automotive Industry Insights and Sales Forecast call on Wednesday, Sept. 25, at 11 a.m. EDT.