Calling the economic outlook uncertain and citing only “modest” progress toward their 2% inflation objective, the Federal Reserve announced today that it will maintain its benchmark Federal Funds rate in the 5.25% – 5.50% range. The Board of Governors were unanimous in their stance. The Fed’s decision to stand pat was not a surprise, as … Continued
CBT News, June 4, 2024 – EV sales in the U.S. market surpassed 1 million units for the first time in 2023, but not everyone is on board just yet. On this episode of CBT Now, host Jim Fitzpatrick discusses the findings of Cox Automotive’s new 2024 Path to EV Adoption Study with Vanessa Ton, Senior … Continued
Between disruptive technologies, like AI, shifting consumer expectations and online car buying – it’s safe to say the automotive retail industry is constantly evolving. As the industry continues to change, so do the latest buzzwords. Currently trending buzzwords are not only reflective of the current and future state of the auto retail industry but can … 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
On May 9, the Cox Automotive Impact Summit: EV and AI was held in Detroit, attracting two dozen local media and influencers. The two 45-minute panel discussions and a Q&A focused on two of the industry’s most important topics today and showcased how Cox Automotive is leading change in both areas. Session 1: EVs Following opening remarks … 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
After years of steady state in vehicle logistics, the sector is now evolving at light speed. And while this increased pace means new challenges for shippers, carriers and brokers, the good news is that technology-driven solutions are advancing just as rapidly. I recently had the chance to speak about these trends during the Q1 Manheim … Continued
Scott McMahon, alliance manager for Automotive Partnerships at Equifax, leads a panel discussion on current trends, the rising challenge of fraud in the automotive space, and the industry’s outlook, with a special focus on consumer affordability and the evolving electric vehicle (EV) market. His esteemed panel includes Steve Greenfield, general partner at Automotive Ventures; Marguerite … Continued
A replay of the Q1 2024 Manheim Used Vehicle Value Index Call held on Friday, April 5, is available below. Cox Automotive Chief Economist Jonathan Smoke, Jeremy Robb, senior director of Economic and Industry Insights, and Scott Vanner, Economic and Industry Insights senior analyst, discussed the latest Manheim Used Vehicle Value Index and the major … Continued
One of my favorite pop culture movie lines is Tom Cruise screaming, “Show Me the Money,” from the 1996 hit film Jerry Maguire. In today’s car business, no manufacturer does a better job of showing their dealers the money than Toyota/Lexus. Not only has Toyota become the #1 volume brand – and is expected to … Continued