A replay of the Q1 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
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.58% month-over-month in March. This brought the Manheim Used Vehicle Value Index to 136.0, a 4.0% increase from a year ago. Looking at trends in weekly Manheim Market Report (MMR) prices, March saw the traditional spring bounce in values, particularly in non-luxury … Continued
The Washington Auto Show opened in our capital city this week, and this show is not like other auto shows. Yes, there was new vehicles on carpet for likely buyers to crawl through, but the D.C. show is more a policy show, where lawmakers come and talk about what’s right and what’s wrong with our … Continued
Our auto industry closed the books on Q1 2019 today, with total sales continuing in a downward path versus year-ago levels. Of the companies reporting, only Honda is bucking the downward trend. The team from Cox Automotive offers the following commentary on the industry’s performance in March and through the end of Q1.Also, click here … Continued
A replay of the Cox Automotive Q1 Auto Sales Call hosted by Cox Automotive Chief Economist Jonathan Smoke is available below. Along with Smoke, Cox Automotive Executive Analyst Karl Brauer and Zo Rahim, manager of economics and industry insights for Cox Automotive, presented a comprehensive look at the auto market in Q1 2019, including their perspectives … Continued
The March 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 The pace of new home sales improved in December after large downward revisions were made to October … Continued
Elon Musk unveiled a blue prototype of the long-awaited Model Y compact SUV yesterday. He provided some details about pricing, driving range and the targeted production launch date (Fall 2020). The “standard range” version of the sport utility vehicle will cost $39,000, go from 0 to 60 mph in 5.5 seconds and travel up to … 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) decreased 0.11 percent month-over-month in February. This brought the Manheim Used Vehicle Value Index to 135.2, a 3.2 percent increase from a year ago. Looking at trends in weekly Manheim Market Report (MMR) prices, February saw continued price depreciation similar to what we saw … Continued
Reported February 2019 new-vehicle sales are coming in softer than Cox Automotive had forecast. Considering current reports, our team believes both General Motors and Ford will come in lower than expectations as well. Earlier this week, we had forecast GM to drop 1.3 percent and Ford to drop 1.7 percent. While some luxury makers delivered … Continued
