The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format. In Episode 4, Cox Automotive Executive Analyst Michelle Krebs is joined by Research Manager Rebecca Rydzewski, Senior Manager of Economic … Continued
BMW remained the most-shopped luxury brand for the second consecutive quarter on increased interest in its sedans, likely due to high gas prices, according to the Q2 2022 Kelley Blue Book Brand Watch™ report. Overall, shopping for luxury cars increased due to high fuel costs and better availability of cars during the global computer chip … Continued
High gas prices led shoppers of non-luxury vehicles to consider traditional cars at a level not seen since before the pandemic, according to the most recent Kelley Blue Book Brand Watch™ report on non-luxury shopping. Shopping for electrified vehicles also rose. Toyota remained the most-shopped brand, widening the gap with No. 2 Ford. The Kelley … Continued
Is your F&I office capable of supporting automated eCommerce? Consumers Want It, Technology Enables It Consumers have grown accustomed to the transparency, speed, and convenience of buying online. Research shows that 76% of today’s car buyers are open to purchasing completely online1, and 1 in 4 consumers say they prefer an Amazon-like car shopping experience … Continued
The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format. In Episode 3, Cox Automotive Research Manager Rebecca Rydzewski is joined by Senior Economist Charlie Chesbrough, Chris Frey, senior manager … Continued
A replay of the Q2 2022 Manheim Used Vehicle Value Index Call held on Friday, July 8, is available below. Cox Automotive Chief Economist Jonathan Smoke and Kevin Chartier, vice president of Manheim Consulting, discussed the latest Manheim Used Vehicle Value Index and the major economic and industry trends that shaped the quarter. Special guest … Continued
A replay of the Cox Automotive 2022 Mid-Year Review webcast held on Tuesday, June 28, is available below. Cox Automotive Chief Economist Jonathan Smoke and our Industry Insights team provided a deep dive into the economy and auto industry – the new, used and wholesale vehicle markets for the first half. The Cox Automotive June U.S. auto sales forecast was … Continued
Most auto manufacturers have long ignored the wisdom of the angels. And yet we all hear them so clearly: “Never exceed a 60 days’ supply of on-ground inventory.” “Keep fleet to less than 12% of your total sales.” “Incentives should never exceed 10% of your transaction price.” Before 2020, most automakers disregarded one or more … Continued
The Cox Automotive 2022 Mid-Year Review webcast will be held today at 11 a.m. EDT. The presentation is now available for download. During the webcast, Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough and Economic and Industry Insights Senior Manager Chris Frey will share Cox Automotive data and insights on the U.S. auto market for the first … Continued
Here we go again – another holiday weekend virtually void of big-tent events, hot dogs, balloons and great deals on new vehicles. Last month, over Memorial Day Weekend, a deal was hard to find, as inventory was tight, prices were high, and incentives were all but gone. As we march into the Fourth of July … Continued