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Tesla: Will Record Deliveries Result in a Q2 Profit?

Investors wonder if record second-quarter deliveries reported by Tesla will result in a profit when the electric-car maker reports financials July 24. After a big drop in sales to start the year, Tesla reported it delivered a record 92,500 vehicles in the second quarter, surpassing the previous record set in Q4 2018. Those deliveries include … Continued

Ford: Higher Profits Forecasted Despite Lower U.S. Sales

Ford Motor Co. reports second-quarter financials after the stock market closes July 24. Wall Street analysts expect Ford to post higher per-share earnings on lower revenue for the second quarter. In the U.S., Ford’s Q2 vehicle sales were down nearly 5%, while industry sales for the quarter were down 1%. Ford brand sales were down … Continued

2019 Dealership Staffing Study Released

A new study released by Cox Automotive reveals an optimistic forecast with younger generations showing a greater interest in dealership jobs than older generations. The 2019 Cox Automotive Dealership Staffing study reveals that among Gen Z and Young Millennials, more than 30% are interested in working for a dealership, even higher when roles other than … Continued

All-New 2020 Chevrolet Corvette

The all-new 2020 Chevrolet Corvette was revealed in California last evening, at a gala event celebration attended by media, celebrities and enthusiasts. Several editors and analysts from the Cox Automotive team were on hand to witness the moment and see the mid-ship Corvette for the first time. They shared the following commentary. From Karl Brauer, … Continued

A Decade of Economic Expansion

Congratulations, fine reader, you are part of a winning team! Well done. You’re an important part of an economic expansion that’s been trucking along for 121 months now, a new post-World War II milestone. Our record upward run began back in June 2009, the month General Motors, following Chrysler, filed for bankruptcy protection and the … Continued

This Round of UAW Contract Negotiations Will Be Tough. Here’s Why.

Contract talks between Detroit automakers Ford, General Motors and Fiat Chrysler and the UAW kick off this week with the official handshake. The current four-year contracts expire at 11:59 p.m. on Sept. 14. All negotiations are challenging, but this round will be particularly difficult. Here’s why: Union wish list: The goal of the UAW, representing … Continued

Ford and Volkswagen Advance Their Global Alliance

This morning at a press conference in New York, Ford and Volkswagen confirmed plans to further expand their global alliance, working together now on both electric vehicle development and the advancement of autonomous, self-driving technology. As part of the agreement, Volkswagen is committing both resource and investment to Argo AI, Ford’s partner in autonomous vehicle … Continued

R.I.P. VW New Beetle: The Passing of an Icon

Volkswagen’s decision to pull the plug on the Beetle ends a remarkable chapter in automotive history. The Beetle began life as a People’s Car as part of Hitler’s Third Reich, was rescued by British army officers after the war, becoming a crucial element in the rebuilding of the European economy. However, it was America, and … Continued

Replay of Q2 Manheim Used Vehicle Value Index Call Available

A replay of the Q2 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 Cox Automotive’s Manheim Used Vehicle Value Index, the automotive industry’s only used vehicle index that … Continued

Spring Bounce Rolling Into Summer, But Fading

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.61% month-over-month in June. This brought the Manheim Used Vehicle Value Index to 140.5, a 4.1% increase from a year ago.After seeing steady and slightly lower than normal depreciation in weekly Manheim Market Report (MMR) prices in May, prices were firm or … Continued