May automobiles sales are being reported by some automakers and early indications are results will be near the Cox Automotive forecast released last week. Our forecast called for year-over-year volume growth of near 40%, with market volume near 2019 levels. With the pandemic in the U.S. shifting to the rearview mirror, demand for new vehicles … Continued
The used-vehicle market reaches 40 million units sold in a good year, dwarfing the new-vehicle business. While roughly 45% of used vehicle sales are private party—neighbor to neighbor deals—the growing majority are retail sales closed at dealerships. Independent dealers, often overlooked by industry observers and media alike, are a driving force in this corner of … Continued
In the past decade, Ford Motor Company has sold more than 7.38 million full-size F-Series pickup trucks, making it far and away the most dominant vehicle in America, as far as sales tallies go. The No. 2 vehicle in the same timeframe was the Chevy Silverado. Total sales: 5.34 million. It might be fair to … Continued
Tesla made a stunning comeback by nearly every measure in the Kelley Blue Book Brand Watch™ report for luxury vehicles for the first quarter of 2021. The Kelley Blue Book Brand Watch report is a consumer perception survey that also weaves in consumer shopping behavior to determine how a brand or model stacks up with … Continued
SUVs dominated again in the first quarter as Subaru Outback and Forester rode that wave, according to the Kelley Blue Book Brand Watch™ report for Q1 2021. Kia gained more than other brands, Ford lost a bit of steam, and Ram returned to a winning streak in terms of factors important to shoppers. The Kelley … Continued
Light vehicle sales continue on a hot streak, with April sales coming in ahead of the Cox Automotive forecast. Initial estimates are putting the seasonally adjusted average rate (SAAR) of sales well above 18 million. When the counting is finished, April 2021 might well be among the strongest months ever for U.S. auto sales. Indications … Continued
Cox Automotive has been reporting on the rise of used-vehicle prices for months now. Lately, a new variable has entered the mix – rapidly depleting used-vehicle inventory levels. With the current demand-supply dynamics at play, dealers may be tempted to default to moonshot pricing. However, Dale Pollak, founder of vAuto and executive vice president of … Continued
Automotive Retail Summit, April 12 – COVID-19 has caused huge disruption and accelerated dealerships and OEMs to revisit their sales process. For 2021, we must figure out how to execute this new online and offline customer relationship to meet customers changing expectations. The LIVE CEO Panel: U.S Top Dealerships Perspective, moderated by Michelle Krebs, executive … Continued
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
