Dealers and consumers in the U.S. should not see shortages of most models affected by the shortage of computer chips as there is ample vehicle inventory, according to a Cox Automotive analysis of vAuto Available Inventory data. The global shortage of computer chips for vehicles has caused automakers around the world to trim production. Nearly … Continued
Nissan Motor reports financial results for Q3 FY 2020, the October-to-December 2020 quarter, on Tuesday, February 9, the third quarter of its fiscal year that ends March 31, 2021. Success in the U.S. is the centerpiece of Nissan’s four-year turnaround plan. Here are some data from Cox Automotive on Nissan’s market performance in the U.S. … Continued
Honda Motor Co. of Japan reports financial results for Q3 FY 2021, the October-to-December 2020 quarter, on Tuesday, February 8, the third quarter for its fiscal year that ends March 31, 2021. Here are some data for the recently closed quarter from Cox Automotive on Honda’s market performance in the U.S., one of the Japanese … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.23% month over month in January. This brought the Manheim Used Vehicle Value Index to 163.0, a 15.1% increase from a year ago. Manheim Market Report (MMR) prices strengthened as the month progressed. The Three-Year-Old MMR Index, which represents the largest model … Continued
In the summer of 2014, Alan Mulally retired from Ford Motor Company after successfully steering the automaker through a rough 8-year stretch, including the Great Recession. When CEO Mulally walked away, the company was profitable, and the Ford brand was well polished and among the strongest in the industry, having mostly avoided the chaos and … Continued
Ford reports fourth-quarter and full-year 2020 financial results Thursday, Feb. 4, after the stock market closes. Analysts expect Ford to report a small loss, though they would not be surprised to see the automaker outperform forecasts. Ford already has warned about one-time expenses reflected in the quarter, including a recall for potentially defective Takata airbags … Continued
January U.S. auto sales will be confirmed by many automakers on Tuesday, and the Cox Automotive Industry Insights team is forecasting healthy numbers. Our forecast, shared last week, calls for volume of approximately 1.1 million vehicles, down from a year ago, but moving at a good pace similar to last month. The January seasonally adjusted annual rate (SAAR) is expected to … Continued
A whopping 2.9 million pickups were sold in the U.S. last year, making up roughly 20% of the entire auto market. While electric vehicles (EV) receive significant consumer and media attention, they remain a very small portion of new-vehicle sales each month. That may well change, though, as a new breed of full-size EV pickups … Continued
Used-vehicle inventory and prices climbed throughout December, with the average list price smashing another record, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.68M Total Unsold Used Vehicles as of Dec. 1 55 Days’ Supply $22,087 Average Listing Price 66,387 Average Miles The total U.S. supply of unsold used vehicles closed December … Continued
We’ve said it before, and we’ll say it again: “It could have been worse.” With a solid second half and great effort by U.S. auto dealers, 2020 finished with sales of 14.5 million. Fleet took a beating, but retail sales stayed strong. In fact, we left 2020 with momentum. Auto sales in the final month of … Continued
