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UPDATED, Aug. 5, 2020 – Cox Automotive Senior Economist Charlie Chesbrough on July U.S. auto sales: “Our read of the numbers suggests sales in July ran at an annual pace of 14.5 million, notably stronger than our initial forecast and an indication the recovery continues to head in the right direction. The market remains well … Continued
Cox Automotive Executive Analyst Michelle Krebs on Jim Farley succeeding Jim Hackett as Ford Motor Co. CEO, effective Oct. 1, 2020: “How appropriate that Jim Farley was elevated to CEO of Ford Motor Co. 10 years, almost to the day, that he joined the automaker from Toyota. His first, or one of his first public … Continued
Welcome to Dealer Forward: Reimagining Automotive Retail, a panel discussion that focuses on building resilience in three key auto retail areas – marketing, dealership performance and fixed operations. This week’s episode features Lori Wittman, senior vice president of dealer software for Cox Automotive, and James Maynard, senior vice president of product development for Cox Automotive. … Continued
On Monday, July 13, Ford Motor Company will officially reveal a line of all-new Bronco products, arguably one of the most highly anticipated launches this year. Our analysts and experts agree: The new Ford SUVs have been developed to tap into the emotional appeal of true off-road, go-anywhere capability. More specifically, Ford’s new Bronco line … Continued
A replay of the Q2 2020 Manheim Used Vehicle Value Index Call hosted by Cox Automotive Chief Economist Jonathan Smoke and Zo Rahim, manager of Economic and Industry Insights for Cox Automotive, is available below. Jonathan and Zo were joined by Whitney Gerkin, director of Manheim’s Digital Marketplace, who shared insights on how Manheim has … Continued
The U.S. auto industry is closing the books on the first half of 2020 today, and many in the industry are likely saying, “Good riddance.” It was a tough half for auto sales – to say the least. The Cox Automotive Industry Insights team has been tracking the industry’s progress throughout the ups-and-down of 2020 – remember, sales were … Continued
At the 2020 Mid-Year review held on June 25, the Cox Automotive Industry Insights team presented their view of the first half of the year. This 90-minute webinar was kicked off by Cox Automotive President and CEO Sandy Schwartz who provided an industry overview and highlight The Way Forward, a collection of new and updated strategies to … Continued
Our global auto industry sits idle at an interesting intersection. The signs of a recovery are clear and plentiful, but the return to normal is anything but an easy path forward. This is particularly true in the U.S., where May auto sales for both new and used vehicles were well above April numbers but still … Continued
Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchised and independent auto dealers from around the country, the Cox Automotive Dealer Sentiment Index (CADSI) measures dealer perceptions of current retail auto sales and sales expectations for the next three months as “strong,” “average” or “weak.” The survey also asks … Continued
As the U.S. economy and auto industry begin to take the first cautious steps toward a recovery from the global pandemic, the team of analysts at Cox Automotive set out to measure how COVID-19 reshaped auto retail in the U.S. Certainly, the immediate impact on auto sales was obvious and severe, with new-vehicle sales off … Continued