October 2018 auto sales in the U.S. came in higher than anticipated, beating the Cox Automotive forecast of 1.33 million vehicles sold. Trucks, SUVs and CUVs carried the month, again, with one manufacturer noting “historic” truck sales. While General Motors did not release October sales, the Cox Automotive team is estimating the company delivered sales … Continued
Tomorrow, Wednesday, Oct. 24, after the market close, both Ford Motor Company and Tesla will report Q3 2018 financial results, kicking off an important earning season for the domestic auto makers. FCA and General Motors will report Q3 numbers the following week. Ahead of the earnings, Cox Automotive’s Industry Insights team pulled together a quick … Continued
Hurricane Michael is hitting the Florida Panhandle today as a strong Category 4 hurricane. Reports from the National Hurricane Center indicate maximum sustained winds of 145 mph—a major weather event. Looking at the area to be most affected by the storm, Jonathan Smoke and the Cox Automotive Industry Insights team are estimating that vehicle loss … Continued
Beating an important deadline, Canada last evening agreed to a proposed deal that would ultimately replace the North American Free Trade Agreement. While details of the new United States-Mexico-Canada Agreement – USMCA – are yet to be finalized, the new guidelines for trade across North America is an important milestone for the auto industry. The … Continued
SEPTEMBER 15 UPDATE: The media coverage of the rain and flooding in the Carolinas has been nothing short of heartbreaking, with many lives impacted, many homes and buildings destroyed. We’re hopeful for a quick recovery in the area, with minimal setbacks from the additional post-rain flooding forecast for this week. Fortunately, this area of the … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 2.01 percent month-over-month in August. This brought the Manheim Used Vehicle Value Index to 139.7, which was a 6.4 percent increase from a year ago and the highest level for the series over its more than 20-year history. Looking at trends in … Continued
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
