We closed the books on the first half of 2019 today, with June auto sales being reported by everyone except Ford Motor Company. Considering posted results, our team is now estimating that the Blue Oval finished June very close to the Cox Automotive forecast of 218,000, down roughly 5% from June 2018. The first half … Continued
At the 2019 Mid-Year review held on June 26, the Cox Automotive industry insights team presented their view of the first half of the year. Watch the replay below to learn from Cox Automotive Chief Economist Jonathan Smoke, Charlie Chesbrough, senior economist, and Michelle Krebs, senior industry analyst, how the automotive industry has fared for … Continued
The June 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS Job creation in May was much weaker than expected as job creation declined to 75,000 when analysts … Continued
What metrics should dealers use to guide their decision-making at auction? On this episode of the vAuto Podcast, Patrick Janes, business development director for Stockwave, joins host Lance Helgeson to discuss three important metrics dealers should use when they go to auctions to make sure they’re bringing home the most profitable cars. Patrick Janes is … Continued
Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchise and independent auto dealers, the Cox Automotive Dealer Sentiment Index 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 dealers to rate new-car sales … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.85% month-over-month in May. This brought the Manheim Used Vehicle Value Index to 139.6, a 4.0% increase from a year ago.Looking at trends in weekly Manheim Market Report (MMR) prices, the spring bounce in values ended in April, and May saw steady … Continued
FCA just announced that it is pulling out of merger talks with Renault. Analysts at Cox Automotive, Kelley Blue Book and Autotrader provide some analysis. From Charlie Chesbrough, senior economist at Cox Automotive “Some argue FCA needs a partner to survive, but bigger is not always better. The Ram brand is still doing well, and … Continued
U.S. auto sales in May surprised, coming in stronger than forecast and driven in part by fleet sales, healthy incentives and strong consumer confidence. Market volatility has been the norm so far in 2019, and in May we saw more of that with the SAAR running well above the consensus outlook. Honda was below forecast, … Continued
CBT News, June 3, 2019 — While it’s important to monitor year-over-year trends in the retail auto industry, it is arguably more important to focus on where the industry is headed. Charlie Chesbrough, Senior Economist and Senior Director of Industry Insights at Cox Automotive, joins Jim Fitzpatrick at CBT News to give an overview of this … Continued
Fiat Chrysler Automobiles (FCA) was busy over the long Memorial Day weekend, proposing an industry-shifting merger with Renault SA. The deal, which would combine the two companies into a single business, is now being carefully considered by Renault’s board. The proposal is complicated by the fact Renault is currently the central piece of the Renault-Nissan-Mitsubishi … Continued
