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Toyota: Sales Dip; Incentives, Prices Rise

Toyota Motor Corp. reports earnings Thursday, November 7, for the quarter ended Sept. 30, 2019, its second quarter since its fiscal year ends March 31, 2020. In the U.S., one of Toyota’s largest markets, Toyota Motor sales slipped while incentives…

Q3 Kelley Blue Book Brand Watch: Car Shopping Falls to New Lows, Truck Shopping Rises to New Highs

Shopping for traditional cars slumped to new lows, while shopping for pickup trucks has soared to new highs, with the Ford F-150 being the most-shopped vehicle, according to the Kelley Blue Book Q3 Brand Watch. Kelley Blue Book Brand Watch…

Trucks and SUVs Drive Market Strength in October 2019 U.S. Auto Sales

UPDATE, Nov. 4, 2019 – The Industry Insights team at Cox Automotive share supplementary thoughts based on additional October sales reports. From Charlie Chesbrough, senior economist, Cox Automotive October sales appear to be coming in below this year’s average selling…

FCA: Q3 Sales Rely Largely on Ram, Incentives

UPDATED, Oct. 31, 2019 — FCA posted higher than expected operating earnings in Q3, lifted by its North American business and success of Ram trucks. FCA said North American profitability set a record. Company officials said they expect 2020’s financial…

General Motors: Pushing Sales Aggressively Throughout the Strike

General Motors issues its Q3 earnings report before the stock market opens Tuesday, October 29. The focus will be on the impact on Q3 of the just-ended, six-week strike by the UAW. More importantly, what impact will the strike, which…

Tesla: Surprises with Q3 Profit on Lower Revenue, Record Global Sales

UPDATED, October 24 – Tesla shocked the experts by reporting a Q3 profit of $143 million, causing its stock price to spike by nearly 20%. The company said it took out substantial costs from its operations. As predicted, Tesla’s revenues…

Ford: Slow Explorer Launch and Increasing Headwinds Hamper Q3 Profits

UPDATED, October 24 – Ford reported a better Q3 than analysts expected with earnings at 34-cents a share vs. the 26-cents most analysts predicted, but still on lower revenue than was predicted. However, Ford warned it was trimming its full-year…

UAW and GM Reach Tentative 4-Year Labor Contract, Strike Continues

The UAW and General Motors reached a tentative 4-year labor contract covering 46,000 hourly workers but the strike – now the longest against GM since 1970 – will continue as union members vote on the agreement over the next week.…

Leasing Penetration Trending Above Overall 2018 Level

The 2019 retail leasing volume has decreased 1.3% year over year through August, roughly in line with the overall market. Lease penetration, however, is at 29.6% through August and is running above where we finished last year at 28.6%. In…

Replay of Q3 Manheim Used Vehicle Value Index Call Available

A replay of the Q3 Manheim Used Vehicle Value Index Call hosted by Cox Automotive Chief Economist Jonathan Smoke and Zo Rahim, manager of economics and industry insights for Cox Automotive, is available below. During the call, Jonathan and Zo presented…