Predicting the future has long been a hazardous business, as crystal balls are more often anything but crystal clear. Indeed, consider any forecast offered in January 2020: An economy-crashing pandemic was not in the cards. Still, as we face a…
Cox Automotive Chief Economist Jonathan Smoke and our Industry Insights team hosted a special webcast – “Cox Automotive Industry Insights 2021” – today, January 8, at 11 a.m. EST. The focus of our event was a review of both the new- and used-vehicle markets…
Good riddance, 2020! We’re closing the books on auto sales this week, and we’re glad to have our pandemic year in the rearview mirror. Our team is forecasting sales to end near 14.4 million, down roughly 15% compared to 2019…
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…
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. In this week’s episode, Vice President of Sales, Dealer Sales and Service…
The Cox Automotive team is analyzing November auto sales data this week, with initial results coming in roughly as forecast before the Thanksgiving holiday. With fewer selling days compared to November 2019 and last month, sales volume is expected to…
Can you hear that chorus of retailers singing, “It’s the most wonderful time of the year”? Thanksgiving is a couple of days away, but we are already seeing it: Christmas trees at Lowe’s, Holiday Deals on Amazon, and plenty of…
Shopping for luxury SUVs soared to new heights in the third quarter, a trend likely to continue with the onslaught of upcoming new models, according to the Kelley Blue Book Brand Watch™ report for the luxury segment. The Brand Watch…
Shopping consideration for SUVs revved up again in the third quarter, boosted by new entries like the Toyota Highlander and stalwarts like the Honda CR-V and Toyota RAV4, according to the Kelley Blue Book Brand Watch™ Report for the non-luxury…
October U.S. auto sales were forecast by Cox Automotive to be up year over year, driven mostly by ongoing consumer demand for pickup trucks and SUVs. Initial results on Tuesday, Nov. 3, indicate that sales would close near forecast and, importantly, year-over-year…
