Fiat Chrysler Automobiles on Wednesday posted net income of $1.4 billion in the third quarter, including a record profit in North America despite lower sales. Analysts expected relatively healthy earnings, considering the pandemic, on the strength of robust truck and…
Despite rising COVID-19 cases in many states, concerns about the pandemic seem to be waning and, in many cases, are being replaced by concern over the upcoming presidential election. Among U.S. automobile dealers, 43% believe COVID-19 and the upcoming election…
Given the current turbulence in the automotive marketplace, the Cox Automotive Economic & Industry Insights team is publishing its mid-month view of the wholesale market, including wholesale prices. The posted material provides commentary and an updated look at the Manheim…
Sales of certified pre-owned (CPO) vehicles increased nearly 10% year over year in September but were down 6% month over month compared to August. For September, 224,536 CPO units were sold. The CPO market has been one of the strongest…
If there’s one word to describe the U.S. automobile business, it might well be resilient. From a pretty awful Q2, when much of the industry was closed and sales volume had dropped by an alarming amount, auto sales came roaring…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) decreased 1.58% month over month in September. This brought the Manheim Used Vehicle Value Index to 161.2, a 15.2% increase from a year ago. Access the full report. For…
The month-over-month improvement resumed in September with 124,930 total fleet volume sales up from 101,159 in August. Combined rental, commercial and government purchases of new vehicles were down 34%, or 64,916 units, year over year in September. Government units were…
The number of incentive programs available to consumers in Q3 increased significantly from Q2, according to data from the Cox Automotive Rates & Incentives team. Incentive program volume – literally a count of the number of different incentive programs in…
With the supply of new vehicles falling every week, some favorite vehicles are in extremely short supply, but others have abundant – even overabundant – inventory that could represent good value and wide choice for consumers. In total, new-vehicle inventory…
The Cox Automotive Research & Market Intelligence team has published a new round of research on the evolving impact of COVID-19 on consumers and automobile dealers in the U.S. This ongoing research, which sheds light on consumer and dealer attitudes…
