FI showroom red and grey logo
MenuMENU
SearchSEARCH

Cox Auto Update: Healthy February Sales Pace; A Big Year for NFORs

Look for further data updates as the Cox Automotive Industry Insights team dives into the results and shares insights on average transaction prices, fleet performance, CPO sales, inventory levels and more.

March 3, 2021
Cox Auto Update: Healthy February Sales Pace; A Big Year for NFORs

Look for further data updates as the Cox Automotive Industry Insights team dives into the results and shares insights on average transaction prices, fleet performance, CPO sales, inventory levels and more.

2 min to read


COX AUTOMOTIVE – The February sales pace came in below the Cox Automotive forecast of 16.3 million, as harsh winter weather likely stopped a number of sales from occurring, and those may get pushed into March. Still, the market’s estimated sales pace of 15.7 million is healthy and, as Chief Economist Jonathan Smokes notes in his weekly video update, with vaccines rapidly rolling out and more government stimulus in the offing, “We're likely to see a very strong spring in the vehicle market; the only limiters to the sale potential are going to be the tight supply and record prices.” Watch the entire 7-minute video update from Smoke, which has been posted in the Cox Automotive Newsroom.

“We're likely to see a very strong spring in the vehicle market; the only limiters to the sale potential are going to be the tight supply and record prices.”

Ad Loading...

Also, look for further data updates in the coming days as the Cox Automotive Industry Insights team dives into the results and shares insights on average transaction prices, fleet performance, CPO sales, inventory levels and other key market health indicators. 

2020 Was a Breakout Year for New Form Online Retailers

Our latest study on vehicle shopping, the Cox Automotive Car Buyer Journey: Pandemic Edition, uncovered a significant jump in the number of shoppers visiting what the team labels “New Form Online Retailers” (NFORs)—online used-vehicle outlets such as Carvana, Shift and Vroom. The NFORs are clearly promising what consumers want: an easy way to buy used vehicles. Read more on that: 2020 Was a Breakout Year for New Form Online Retailers. 

Used-Vehicle Values on the Rise

At mid-month, wholesale used-vehicle prices were heading up, an indication that used-vehicles are in high demand and inventory is tight. Wholesale values traditionally increase each spring, but the increases typically start in March and coincide with the distribution of tax refunds. Stay tuned: We’ll have our full February report on Friday. 

Ad Loading...

Save the Date

Please plan to join us for a Q1 update hosted by Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough and the Industry Insights team on Monday, March 29, 11 a.m. EDT. Our team will provide a Q1 U.S. auto sales forecast and discuss the overall health of automotive retail. RSVP to attend the event.

Originally posted on Auto Dealer Today

More Auto Finance

A fan of $100 bills sitting on a white envelope
Auto Financeby Hannah MitchellAugust 12, 2026

July Was Hot for Auto Borrowers

Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.

Read More →
stacks of coins, a calculator, paperwork, and a pair of glasses in the background, text Lender Experience Drives Dealer Decisions, F&I and Showroom
Auto Financeby Lauren LawrenceAugust 12, 2026

Dealer Lender Preferences Revealed

When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.

Read More →
man sitting at desk using a calculator
Auto Financeby Lauren LawrenceAugust 10, 2026

Auto Refi Savings Surge

Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.

Read More →
Ad Loading...
Tiny toy car in front of small stacks of coins
Auto Financeby Hannah MitchellAugust 5, 2026

Subaru Enters Lending Business

The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.

Read More →
Man climbing ladder in front of mountain landscape.
Auto Financeby Lauren LawrenceAugust 3, 2026

Positive Equity Reaches Record High

Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.

Read More →
Photo of document next to calculator and inkpen
Auto FinanceJuly 20, 2026

Dealerships Are Paying the Price for Extended Car Loans

Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.

Read More →
Ad Loading...
silver car in background with hand in front holding out a set of keys, Trade-In Trouble, F&I and Showroom
Auto Financeby Lauren LawrenceJuly 20, 2026

Trade-Ins in Negative Equity Reach New Heights

As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.

Read More →
Two men in suit jackets shaking hands in front of a new-looking white vehicle
Auto Financeby Hannah MitchellJuly 15, 2026

Auto Credit Plentiful

June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.

Read More →
Woman's hands holding an wallet empty of cash
Auto Financeby Hannah MitchellJuly 1, 2026

Automotive Consumers Sink Further in Debt

Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.

Read More →
Ad Loading...
Three men smiling for headshots
Auto Financeby Lauren LawrenceJuly 1, 2026

Porsche Financial Services Shifts Structure

After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.

Read More →