M2 TechCast, Jan. 13, 2019 — Michelle Krebs, a senior analyst with Autotrader, joins Mike Brennan on his M2 TechCast podcast to talk about the outlook for 2019 North American auto and light truck sales – down somewhat from 2018. On this episode, she also outlines some of the major issues that could impact sales, … Continued
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.03 percent month-over-month in December. This brought the Manheim Used Vehicle Value Index to 137.6, a 4.3 percent increase from a year ago. Looking at trends in weekly Manheim Market Report (MMR) prices, December saw continued and more normal levels of depreciation. Three-year-old … Continued
Happy New Year! December and full-year U.S. auto sales were confirmed by many automakers this morning. As expected, sales came in strong as the year came to a close. With more than 17 million sales in the books, 2018 was another strong year for the industry, driven largely by a healthy economy and healthy fleet … Continued
“To win in the new retail environment is to embrace the online channel while simultaneously changing the traditional in-stores process,” according to Pete Batton, general manager of Digital Retailing at Cox Automotive. In an op-ed published by Automotive News, Batton encourages dealers to not only embrace technology, but also disrupt themselves. He says: “The new … Continued
After the December increase, the discount rate, which the Federal Reserve controls, was up 100 basis points year over year. With this fourth quarterly increase, the Fed has increased rates more times in 2018 than any time since 2006. The last time it raised rates more was in 2005 when it increased eight times, totaling … 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 1.32 percent month-over-month in November. This brought the Manheim Used Vehicle Value Index to 139.0, a 3.3 percent increase from a year ago. Looking at trends in weekly Manheim Market Report (MMR) prices, November saw continued normalizing depreciation. Three-year-old vehicles ended the … Continued
Waymo, the autonomous vehicle division of Alphabet, announced today plans to launch a commercial self-driving vehicle service. Called Waymo One, the new service will initially be available to members of Waymo’s early rider pilot program in the Phoenix area. In making the announcement, Waymo also shared its intent to make Waymo One available to even … Continued
Auto sales in November 2018 continued at a healthy pace. Full-year 2018 sales are on course to beat 2017 and pass the 17-million milestone for the fourth straight year, a record streak. While General Motors did not make November sales public, the Cox Automotive team is estimating the company delivered sales better than our initial … Continued
This morning in Argentina, President Trump was joined by the presidents of Mexico and Canada in the signing of an update to the North American Free Trade Agreement. With approximately 4 million vehicles built in Canada and Mexico sold in the U.S. in the past 12 months, automobiles are a headline issue in the new … Continued
