With the long Memorial Day Weekend upon us, we’re back to the age-old question: Are there any good deals out there? Honestly, it’ll be tough for vehicle shoppers to find a hot deal this weekend. We are not in “the before times,” when inventory was plentiful and so were the incentives. In today’s auto market, … Continued
Welcome to the Cox Automotive Monthly Industry Update. This monthly presentation is new content offered by the Cox Automotive Industry Insights team. The goal is to provide a holistic look at the auto industry’s performance each month in video format. In this month’s video, Cox Automotive Research Manager Rebecca Rydzewski is joined by Senior Economist … Continued
The Kelley Blue Book Brand Watch™ Reports are a quarterly barometer of which brands are hot and which ones are not. Consumers who are shopping on KBB.com, who are in the market for a new vehicle within a year, are surveyed to find out what is driving their opinions and buying decisions. This study provides … Continued
Surging gas prices in March led one-in-four shoppers to consider electrified vehicles, particularly EVs and hybrids, a trend likely to accelerate as new models hit showrooms soon, according to the Q1 2022 Kelley Blue Book Brand Watch™ report. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in consumer … Continued
BMW regained its spot as the most-shopped luxury brand in the first quarter of 2022, a spot it had held for the past three years until the final quarter of 2021 when Lexus squeaked by, according to the Q1 2022 Kelley Blue Book Brand Watch™ report. Cadillac for the first time moves past Lexus to … Continued
Toyota returned as the most considered non-luxury brand after Ford’s brief occupation of the top spot, and Chevrolet closed in on both in the first quarter, according to the most recent Kelley Blue Book Brand Watch Report™. The Kelley Blue Book Brand Watch Report is a consumer perception survey that also weaves in shopping behavior … Continued
A replay of the Q1 2022 Manheim Used Vehicle Value Index Call held on Thursday, April 7, is available below. Cox Automotive Chief Economist Jonathan Smoke and Chris Frey, senior manager of economic and industry insights, discussed the latest Manheim Used Vehicle Value Index and the major economic and industry trends that shaped the quarter. … Continued
“No one will ever buy those online.” That used to be the conventional wisdom about clothes and home furnishings, yet eCommerce sales of both apparel and furniture increased by more than 20% in 2021.1 Consumers who used to feel strongly about seeing, touching, and trying out these items before purchase chose convenience (backed by reasonable … Continued
A replay of the Cox Automotive Q1 2022 U.S. Auto Sales Forecast and Industry Insights webcast held on Monday, March 28, is available below. Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team presented data and insights to help quantify how the industry performed, reviewed the Cox Automotive first-quarter … Continued
The Cox Automotive Q1 2022 webcast was held Monday, March 28, at 1 p.m. EDT. The presentation is available for download. The Cox Automotive March U.S. auto sales forecast was released at 2 p.m. EDT. Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team hosted the Q1 2022 U.S. Auto … Continued