The Federal Reserve stuck to the plan of cutting 25 BPs (basis points) to continue the process of moving rates away from a too-restrictive level that has contributed to lackluster retail vehicle demand of late. There is no doubt: High rates – and limited affordability – held back new-vehicle sales in 2024. It was the … Continued
It’s no secret that the automotive industry is rapidly changing — especially when it comes to EVs. With that change comes a host of new challenges for dealers and OEMs, from how these vehicles are distributed when new to how they are assessed, serviced and remarketed when used. Solving those challenges is exactly what we’re … Continued
Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights the mid-month Manheim Used Vehicle … Continued
A replay of the Q3 2024 Manheim Used Vehicle Value Index Call held on Monday, Oct. 7, is available below. Cox Automotive Chief Economist Jonathan Smoke, Senior Director Jeremy Robb, and Scott Vanner, a senior analyst on the Economic and Industry Insights team, presented the latest Manheim Used Vehicle Value Index and the major economic and industry trends … Continued
A replay of the Q3 2024 Cox Automotive Industry Insights and Sales Forecast call, held on Wednesday, Sept. 25, is available below. Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team provided an update on the U.S. automotive market for the third quarter, covering the electrified, new and used markets with insights and data … Continued
The Q3 Cox Automotive Industry Insights and Sales Forecast call will be held today, Sept. 25, at 11 a.m. EDT. The presentation is available for download. Join Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team for this 60-minute session. The team will provide a comprehensive update on the automotive industry for the third … Continued
The highly competitive nature of the car business reminds me of college football. Instead of teams like Georgia, USC, or Wisconsin, we have automakers like Honda, Ford and Jeep, all competing against one another with their own unique playbooks and rosters. While one car company gains yardage with full-size trucks, another makes first downs with … Continued
Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights the mid-month Manheim Used Vehicle … Continued
The Federal Reserve changed their tune dramatically today from their stance at the last official meeting on July 31 by cutting the Fed Funds Rate by 50 basis points, double the consensus expectation of a 25-basis-point cut. This was the first official rate policy move in more than a year – the first move down … Continued
Welcome to the monthly Manheim Market Insights update. Jeremy Robb, senior director of Economic and Industry Insights at Cox Automotive, offers a monthly check-in on what we are seeing in the used wholesale and retail markets, all through the wide lens of the data available from Cox Automotive. This month’s video highlights the mid-month Manheim Used Vehicle … Continued
