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
General Motors and Honda announced they have signed a non-binding memorandum of understanding to establish a North American automotive alliance. The scope of the proposed alliance includes a range of vehicles to be sold under each company’s distinct brands, as well as cooperation in purchasing, research and development, and connected services. As this news dominates … Continued
The Jeep brand is showing off new product today, a family of flagship new Wagoneer models and a hybrid-electric version of its stalwart Wrangler. On top of that, Jeep is expected to launch an all-new version of the popular Grand Cherokee model during calendar year 2021. As the Jeep brand shares today’s headlines with the General Motors and … Continued
Hyundai, Toyota, Mazda and others posted August U.S. auto sales in line with expectations today, and Subaru posted its best sales month of 2020, despite limited inventory. August sales results won’t be fully known for a few days, but early indications are that the results will land near the Cox Automotive forecast released last week. … Continued
The coronavirus pandemic caused luxury vehicle shoppers to retreat more than non-luxury vehicle buyers. Shopping consideration for luxury vehicles in the second quarter slumped to its lowest level in more than two years, according to the Kelley Blue Book Brand Watch™ Report for Q2 2020. Similarly, U.S. luxury vehicle sales fell 35% in the second … Continued
Shoppers considered pickup trucks at record levels during the second quarter, aided by compelling incentives launched by automakers in response to the COVID-19 pandemic, including zero-percent financing for 84 months, according to the Kelley Blue Book Brand Watch™ Report for Q2 2020. The Brand Watch Report is a consumer perception survey that also weaves in … Continued
Cadillac will reveals its new Lyriq midsize crossover in a virtual launch event this evening. Part of a multi-billion-dollar electrification plan, the all-new Lyriq is the first in an upcoming portfolio of battery-electric vehicles from the Detroit-based luxury vehicle maker. Cadillac is spearheading General Motors’ shift to an all-electric future. The new EV will be … Continued
UPDATED, Aug. 5, 2020 – Cox Automotive Senior Economist Charlie Chesbrough on July U.S. auto sales: “Our read of the numbers suggests sales in July ran at an annual pace of 14.5 million, notably stronger than our initial forecast and an indication the recovery continues to head in the right direction. The market remains well … Continued
Cox Automotive Executive Analyst Michelle Krebs on Jim Farley succeeding Jim Hackett as Ford Motor Co. CEO, effective Oct. 1, 2020: “How appropriate that Jim Farley was elevated to CEO of Ford Motor Co. 10 years, almost to the day, that he joined the automaker from Toyota. His first, or one of his first public … Continued
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. This week’s episode features Lori Wittman, senior vice president of dealer software for Cox Automotive, and James Maynard, senior vice president of product development for Cox Automotive. … Continued
