The worst of the new-vehicle inventory crunch appears to be over, according to a Cox Automotive analysis of vAuto Available Inventory data. Auto plants have ramped up and are re-filling the product pipeline, causing new-vehicle supply to vastly improve from the past several months. However, inventories remain well below year-ago levels. 2.67M Total Inventory 65 … Continued
Measured by sales, Nissan has had a pretty terrible year so far. Across their portfolio of cars, trucks and SUVs, there’s hardly a bright spot, and at the end of the third quarter, Nissan sales were off 37.6% year to date. Enough said. Companies can handle hard times in myriad ways. One option: Never waste … Continued
Struggling Nissan Motor reports financial results for Q2 FY 2021, the July-to-September quarter, on Thursday, Nov. 12, marking the midway point for its fiscal year that ends March 31, 2021. Nissan CEO Makoto Uchida hinted the quarter may be much better than the previous quarters. Still, the company is forecasting its biggest-ever operating loss of … Continued
The gap between same-store unit sales of new- and used-vehicles shrank in Q3, according to the largest players in the auto industry: franchised dealer groups. Compared to Q2, large dealer group new-vehicle sales improved by 13% while used-vehicle sales improved by 6% in the third quarter. Large dealer groups account for roughly 7% of new-vehicle … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.47% month over month in October. This brought the Manheim Used Vehicle Value Index to 161.9, a 15.4% increase from a year ago. The non-seasonally adjusted (NSA) monthly change was -1.9%, which was more in line with what we have been seeing … Continued
Honda Motor Co. of Japan reports financial results for Q2 FY 2021, the July-to-September quarter, on Friday, Nov. 6, marking the midway point for its fiscal year that ends March 31, 2021. Honda swung to a loss in the previous quarter but should show signs of recovery in the just-closed quarter. Here are some data … Continued
Month-over-month improvement continued in October with 132,560 total fleet volume sales up from 124,930 in September. Combined rental, commercial and government purchases of new vehicles were down 27%, or 49,649 units, year over year in October. Government units were up 8% year over year, on a small base, while rental units were down 43% year … Continued
Toyota Motor reports financial results for the July-to-September quarter (Q2 FY 2021) on Friday, Nov. 6, marking the midway point for its fiscal year that ends March 31, 2021. After the last two profitable quarters, though soft ones, Toyota will likely show improvement. Briefing media and analysts recently, Toyota executives in the U.S. said they … Continued
General Motors reports third-quarter 2020 financial results Thursday, Nov. 5. If the better than expected results of Ford and Fiat Chrysler are any indication, GM should have a good quarter – on the strength of trucks and SUVs. Analysts predict GM’s revenues will be up. Here are key data points from Cox Automotive on GM’s … Continued
We know there are differences by political party affiliation when it comes to what type of vehicle people buy. The Cox Automotive Digital Retailing team took a quick look at some recent data on how people are buying cars to see if party affiliation plays a role there as well. First up, the majority of … Continued
