August 2018 U.S. auto sales were reported earlier today, with the overall market coming in near forecast driven by strong truck and SUV sales. Cars sales were down significantly. Cox Automotive had forecast General Motors sales in August to be down 7.5 percent from year-ago levels. Considering overall market performance and the fact G.M. is … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.51% month-over-month in July. This brought the Manheim Used Vehicle Value Index to 136.9, which was a 5.1% increase from a year ago and the highest level ever for the series. Looking at trends in weekly Manheim Market Report (MMR) prices, the … Continued
As widely expected, today in Washington D.C the Trump Administration and the EPA put forth a proposal to roll-back Obama-era fuel economy and emission standards for automobiles. The White House proposal essentially freezes fuel economy standards at 2020 levels and eliminates the stretch targets for fleet-average fuel economy in the U.S. to reach near 50 … Continued
Each month automotive industry experts from Cox Automotive and its brands host a sales day commentary call to provide insights into the previous month and to answer media questions related to market movement. The audio for the most recent call which covers the July selling month is available. Listen › Automakers reported July 2018 sales … Continued
Tomorrow in Washington D.C., the U.S. Department of Commerce is scheduled to hold public hearings as part of their Section 232 investigation into the effects of imported automobiles and automobile parts. A range of witnesses from across the automotive industry are expected to testify. With a backdrop of trade and tariff discussions in the news, … Continued
Each month automotive industry experts from Cox Automotive and its brands host a sales day commentary call to provide insights into the previous month and to answer media questions related to market movement. The audio for the most recent call which covers the June selling month is available. Listen › Automakers reported June 2018 sales … Continued
The Federal Reserve today raised the official short-term rate policy by .25 points. The move by the Federal Reserve was widely expected, the result of continued strong economic growth combined with inflation reaching the Fed’s target. The Cox Automotive Industry Insights team continues to monitor interest rate trends, as higher rates and tighter credit are … Continued
Autotrader and Kelley Blue Book analysts are providing their thoughts on Tesla’s 9 percent reduction of its workforce. Michelle Krebs, executive analyst for Autotrader: “Tesla has signaled organizational changes in recent weeks and here it is. It is clear that Tesla is under tremendous pressure to finally turn a profit and is attempting to address … Continued
Each month automotive industry experts from Cox Automotive and its brands host a sales day commentary call to provide insights into the previous month and to answer media questions related to market movement. The audio for the most recent call which covers the May selling month is available. Listen › Automakers today reported May 2018 … Continued
Earlier today, senior leaders from a number of the global automakers met with President Trump and other officials at the White House to discuss fuel economy regulations and emission standards. As NHTSA and the EPA work to establish clear regulations for vehicle emissions going forward, gas prices in the USA continue to rise and the … Continued
