A replay of the Q1 2021 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. Scott Maybee, president, NextGear Capital, joined the call to share an update on the challenges and opportunities facing independent dealers … Continued
Auto sales for the first quarter of 2021 are coming in slightly above the Cox Automotive forecast, driven in part by strong March results to close out the quarter. Our final tally will be counted in the coming days. Please find below commentary from our team of experts and analysts. As always, if you have any questions, … Continued
During the Cox Automotive Q1 2021 U.S. Auto Sales webcast held on Monday, March 29, Cox Automotive Chief Economist Jonathan Smoke was joined by Charlie Chesbrough, senior economist, and others to provide a deep dive into the economy and U.S. auto industry – the new, used and wholesale vehicle markets for Q1 2021. As part … Continued
Cox Automotive Chief Economist Jonathan Smoke and our Industry Insights team hosted the Q1 2021 U.S. Auto Sales Webcast. Check back on the Newsroom to watch the replay if you were unable to attend the live session. This 90-minute session included a deep dive into the economy and the auto industry, providing a thorough look … Continued
The step change to all-digital wholesale in 2020 drove the industry forward in a way none of us could have predicted. What would have normally taken us years as an industry to reach, we achieved overnight. But we know that the transition was harder for some than others, and that’s why we focused much of … 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
Winter storms that have swept across a large swathe of the U.S., particularly hitting hard the big vehicle-buying state of Texas, should not badly damage vehicle sales this quarter. In Texas, winter storms caused massive power outages that closed dealerships as well as disrupted computer chip production in Austin and vehicle assembly for GM and … Continued
Tesla has been the rising star among luxury brands for the past couple of years, but the bright light of Tesla continues to fade as consumer perception and shopping consideration fell again, according to the Q4 2020 Kelley Blue Book Brand Watch Report. The Kelley Blue Book Brand Watch Report is a consumer perception survey that also weaves in consumer … Continued
General Motors reports fourth-quarter and full-year 2020 financial results on Wednesday, February 10. Despite the pandemic, GM’s profit in comparison to last year should be favorable. Third- and fourth-quarter earnings in 2019 were clobbered by a 40-day strike by the UAW. In addition, GM gained traction with its redesigned full-size SUVs and increased sales of … Continued
Shopping consideration for pickup trucks overtook shopping consideration for cars during 2020’s fourth quarter, a first in the history of the Kelley Blue Book Brand Watch Report. SUV shopping reigned supreme. The Brand Watch Report is a consumer perception survey that also weaves in shopping behavior to determine how a brand or model stacks up … Continued