Electric vehicle (EV) sales growth in the U.S. continues to slow, according to sales data analyzed by Kelley Blue Book. In the first quarter of 2024, Americans bought 268,909 new electric vehicles, according to Kelley Blue Book counts. EV share of total new-vehicle sales in Q1 was 7.3%, a decrease from Q4 2023. While annual … 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
Below is a replay of the Q1 2024 Cox Automotive Industry Insights and Sales Forecast call, which was held on Thursday, March 28. Cox Automotive Chief Economist Jonathan Smoke and the Industry Insights team provided an overview of the U.S. automotive industry through the first quarter, revisited Cox Automotive’s Forecast: 2024, the major themes that are … Continued
Reliable data and smart insights are crucial for navigating the ever-changing market conditions of the dynamic auto industry. Fueled by the largest breadth of first-party data fed by 2.3 billion online interactions a year, the Cox Automotive Economic and Industry Insights team collects, analyzes and shares the best information possible. The 2024 CAMIO The Cox Automotive … Continued
ATLANTA and INDIANAPOLIS, March 14, 2024 – Fleet Services by Cox Automotive announced its commitment to the U.S. Army’s Partnership for Your Success (PaYS) Program, helping soldiers prepare for a career after the Army. The two organizations signed an official partnership agreement during a ceremony on Monday at Fleet Services by Cox Automotive in Indianapolis. … Continued
ATLANTA, March 13, 2024 – The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40 to 42, but remains well below the 50 threshold, indicating most dealers see the current market as weak. The survey’s current market … Continued
ATLANTA – March 12, 2024 – DealShield®, the wholesale industry’s best purchase protection solution, has surpassed a major milestone: $80 billion in vehicle value guaranteed since launching nationally 10 years ago. That’s more than 4.5 million vehicles dealers have purchased with the utmost peace of mind—and it’s no wonder why. With its truly hassle-free return experience, the DS360 … Continued
The Cox Automotive Monthly Industry Update is produced by the Cox Automotive Economic and Industry Insights team with the goal of providing a holistic look at the auto industry’s performance each month in video format. In Episode 18, Cox Automotive Manager of Economic and Industry Insights Mirlene Jean-Simon is joined by Rebecca Rydzewski, research manager, … Continued
In addition to crowning the Kansas City Chiefs national champions, Sunday’s Super Bowl reminded us of two truths: First, television advertising is far from dead. Second, when people see a vehicle they want or want to know more about, they put down the nachos and go to the internet. Cox Automotive’s Autotrader and Kelley Blue … Continued
