U.S. automakers have invested heavily in China, and, for years, in varying degrees by company, they enjoyed great growth. They taught their Chinese partners much about auto manufacturing and retailing. Now they are losing sales to Chinese automakers. Profits are declining. “Made in China 2025” is an ambitious Chinese program to globally dominate key technologies, … Continued
Kelley Blue Book Brand Watch™ is a consumer perception survey that also weaves in consumer shopping behavior to determine how a brand or model stacks up with its segment competitors on a dozen factors key to a consumer’s buying decision. Kelley Blue Book produces quarterly Brand Watch reports for non-luxury and luxury brands. Non-Luxury Consideration … Continued
Luxury vehicle sales in Q1 2019 rose 1% while total U.S. sales dipped 3%, in line with Cox Automotive’s expectations for the full year. Q1 sales and share of midsize and compact luxury utilities rose while luxury full-size utilities held steady. Average transaction prices were higher in all luxury utility categories. Meanwhile, sales and transaction … Continued
On this episode of the vAuto Podcast, Dale Pollak, founder of vAuto, discusses the origins behind Provision ProfitTime, the game-changing method that measures a vehicle’s value on its profit potential, not how long it’s been on the lot. Dale also explains how ProfitTime can help you optimize your business and price every car competitively. Listen … Continued
Kelley Blue Book Brand Watch™ is a consumer perception survey that also weaves in consumer shopping behavior to determine how a brand or model stacks up with its segment competitors on a dozen factors key to a consumer’s buying decision. Kelley Blue Book produces quarterly Brand Watch reports for non-luxury and luxury brands. Luxury Consideration … Continued
Certified pre-owned (CPO) sales are important especially in the current market as new-vehicle sales continue to moderately decline. Market trends such as rising interest rates, credit tightening, and talks about tariffs have put affordability front and center. As a result, consumers who may have purchased a new vehicle previously are now pushed into the used-vehicle … Continued
The May 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 April was much stronger than expected as 263,000 jobs were created when analysts were … Continued
Honda Motor Co. reported Wednesday lower profits for the its fiscal year ended March 31 and a loss in the quarter that closed out the period, prompting the Japanese automaker to lay out future plans to streamline vehicle offerings and cut costs. Honda recorded a $5.5-billion profit for its fiscal year, down 42% from the … Continued
Toyota Motor Corp., which reports earnings May 8 for the quarter and fiscal year ended March 31, is like other global automakers in dealing with the reality that the auto industry is in a post-peak era. Generally, vehicle sales around the world set new records in 2016 and have been edging downward ever since, though, … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.81% month-over-month in April. This brought the Manheim Used Vehicle Value Index to 138.4, a 4.5% increase from a year ago. Looking at trends in weekly Manheim Market Report (MMR) prices, April began with the traditional spring bounce continuing in appreciating values. Three-year-old … Continued
