Michelle Krebs, executive analyst for Cox Automotive, wrote an opinion piece in The Hill. She describes the “eerily low-key” Detroit auto show and what that might mean for the industry’s future. Despite celebrating its 30th anniversary as an international show, German automakers Mercedes-Benz, BMW and Audi, which typically have used Detroit as a stage for major … Continued
Earlier today, in an email to employees, Elon Musk confirmed plans to shed approximately 7 percent of the Tesla workforce. Noting the layoffs are a rightsizing after a 30 percent increase in staffing in 2018, Musk also confirmed his view that “the road ahead is very difficult.” Below you will find commentary from a few … Continued
Automakers have been digging into their archives to bring back vehicle names from the past for fresh versions of the models. Two such blast-from-the-past names, the Chevrolet Blazer and Ford Ranger, just became available for shopping as new 2019 models on Kelley Blue Book and Autotrader. Based on a Kelley Blue Book poll of consumers … Continued
Cox Automotive kicked off the 2019 North American International Auto Show with the 6th annual Cox Automotive Industry Insights Breakfast, an event for business and trade media. Company leaders gave a sneak peek into some NADA ’19 launches, shared thoughts and analysis of the health of the industry and took a look at which companies … Continued
This week, Cox Automotive debuted the third phase of its Evolution of Mobility Study series. The first two phases explored consumer and dealer attitudes toward emerging transportation options, and painted a complete picture of the mobility landscape as it exists today. The third phase highlights the impact that broad access to new forms of mobility … Continued
Today, Ford and VW announced a global alliance. Our analysts and editors at Kelley Blue Book and Autotrader had some thoughts to share. If you wanted to chat with one of our analysts or editors, please don’t hesitate to contact us. From Michelle Krebs, executive analyst at Autotrader: “The industry likely will see more kinds … Continued
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
