We spent last week at press week for the Chicago Auto Show, which is billed as the largest auto show for consumers in the country. It is open to the public through Feb. 18. While there were no earth-shattering debuts of new vehicles, we did have some observations about the Chicago show. Relevancy of auto … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.62 percent month-over-month in January. This brought the Manheim Used Vehicle Value Index to 135.4, a 3.3 percent increase from a year ago. Looking at trends in weekly Manheim Market Report (MMR) prices, January saw a continued price depreciation trend similar to … Continued
Fiat Chrysler reports earnings Thursday for its fourth-quarter and full-year 2018. Here’s Cox Automotive data on how sales, market share, incentives and prices performed in the quarter. Brand Sales Q4-2017 Q4-2018 2018 Change Alfa Romeo 4,679 5,640 20.5% Chrysler 44,736 38,808 -13.3% Dodge 81,206 99,596 22.6% Fiat 5,240 3,437 -34.4% Jeep 206,280 227,033 10.1% … Continued
General Motors reports earnings Wednesday for its fourth-quarter and full-year 2018. Here’s Cox Automotive data on how sales, market share, incentives and prices performed in the quarter. Brand Sales Q4-2017 Q4-2018 2018 Change Buick 59,401 51,257 -13.7% Cadillac 42,594 41,462 -2.7% Chevrolet 549,691 531,045 -3.4% GMC 155,053 160,525 3.5% Total 806,739 784,289 -2.8% Market … Continued
Toyota reports earnings Wednesday for its third-quarter ended Dec. 31, 2018. Toyota’s fiscal year ends March 31, 2019. Brand Sales Q4-2017 Q4-2018 2018 Change Lexus 85,473 84,686 -0.9% Toyota 517,555 517,746 0.0% Total 603,028 602,432 -0.1% Market Share Make Q4-2017 Q4-2018 2018 Change Lexus 2.0% 1.9% 0.0% … Continued
Despite lower viewership, the Big Game remains an attractive single-point mass reach advertising opportunity, and five OEM advertisers took advantage of that, all of them to boost awareness and interest for new vehicles (Audi e-Tron, Hyundai Palisade, Kia Telluride, Mercedes-Benz A-Class, and the return of the Toyota Supra). Toyota Toyota had the most event exposure … Continued
Used light-vehicle registrations finished at 39.4 million units in 2018, up 100,000 units from 2017. Cox Automotive expects 2019 to rack up about the same number. Interest rate increases continue to add headwinds, but economic conditions remain favorable and continued economic growth will keep demand for personal transportation strong. Strong consumer demand due to affordability challenges with new vehicles and growth in … Continued
Certified pre-owned (CPO) sales set a record in 2018, and another stellar year is expected in 2019. CPO sales in 2018 hit 2.70 million vehicles, up 2.1% from 2017, matching Cox Automotive’s forecast. The new high represents the eighth straight year of record-breaking CPO sales. The Cox Automotive forecast for 2019 CPO sales is 2.75 … Continued
U.S. sales of new, light vehicles reached nearly 17.2 million vehicles in 2018, marking the fourth best year ever and the fourth consecutive year of 17-million plus sales. Many forecasts, including that of Cox Automotive, predicted year-over-year sales would be slightly lower in 2018 from 2017 due to higher interest rates. Indeed, higher interest rates did hamper retail sales. However, fleet sales … Continued
Fleet purchases unexpectedly drove total new-vehicle sales higher in 2018, thanks to last year’s tax reform package that made it beneficial to businesses to replace or add vehicles to their fleets. Total fleet sales finished 2018 at more than 3.1 million units, up 4.1% from 2017, a year in which fleet sales fell from the year earlier for the first time since … Continued
