The January 2019 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS Wages and…
Vehicle sales are now contributing less to dealership profit and fixed ops is contributing more. Today, fixed ops comprises 49% of dealership gross profit.1 The service department is also critical to retention and repeat sales. In fact, 74% of car…
The December 2018 Cox Automotive Industry Update Report shares Cox Automotive’s multifaceted insight into the automotive marketplace to provide an overview of economic indicators, supply, demand, credit and other vital topics and trends affecting the industry. ECONOMIC INDICATORS Inflation in…
Consumers are following several trends/current events that negatively impact their purchasing power, including rising gas prices, rising interest rates, and new proposed tariffs on imported vehicles and parts. Of those three, gas prices garner the most attention (87 percent), interest…
As widely expected, today in Washington D.C the Trump Administration and the EPA put forth a proposal to roll-back Obama-era fuel economy and emission standards for automobiles. The White House proposal essentially freezes fuel economy standards at 2020 levels and…
This article was originally published in The Hill on July 20, 2018: https://thehill.com/blogs/pundits-blog/economy-budget/342969-a-dubious-doomsday-scenario-subprime-auto-lending-wont A persistent automotive doomsday thesis that continues to have favor with some in the media and on Wall Street is that subprime auto loans are booming and…
Tomorrow in Washington D.C., the U.S. Department of Commerce is scheduled to hold public hearings as part of their Section 232 investigation into the effects of imported automobiles and automobile parts. A range of witnesses from across the automotive industry…
Autotrader and Kelley Blue Book analysts are providing their thoughts on Tesla’s 9 percent reduction of its workforce. Michelle Krebs, executive analyst for Autotrader: “Tesla has signaled organizational changes in recent weeks and here it is. It is clear that…
Earlier today, senior leaders from a number of the global automakers met with President Trump and other officials at the White House to discuss fuel economy regulations and emission standards. As NHTSA and the EPA work to establish clear regulations…
This article was originally published in The Hill on May 9, 2018: https://thehill.com/opinion/finance/386893-many-americans-are-shrugging-off-higher-gas-prices As the U.S. economy has slowly improved during past years, so too have fuel prices increased. The average price for a gallon of unleaded according to AAA…
