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COVID-19 BUSINESS UPDATES

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This Week in Car Buying

Kelley Blue Book’s Senior Managing Editor Matt DeLorenzo writes This Week in Car Buying, a weekly column on KBB.com. In this week’s news, Matt reports that shelter-in-place rules and cutbacks in dealer operations hit the industry hard at the end of the first quarter as manufacturers report a sales decline of more than 13 percent. While … Continued

The Teen Years: When Our Market Fell in Love with the SUV

This week the auto industry closed the books on Q1 2020, with sales falling quickly, ravaged by buyers more focused on social distancing than Super Duties. What vehicles were sold in March were mostly SUVs and pickups – the new normal in our new-vehicle landscape and the results of 10-year shift that turned our auto … Continued

Cox Automotive Commentary: March 2020 U.S. Auto Sales

A few automakers have reported U.S. sales for Q1 and more numbers are expected tomorrow and into the early part of next week. As expected, the numbers are historically low. As Cox Automotive data shows, sales activity in markets hard hit by COVID-19 all but came to a standstill in the past two weeks. March … Continued

Week #2 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke

Watch this video with Chief Economist Jonathan Smoke from his home studio in Atlanta, GA, as he explains the impact of COVID-19 on the automotive industry. Jonathan examines: Hardest hit COVID-19 areas in the U.S. State-level jobless claims Consumer sentiment and buying behaviors Current view of new and used retail sales and prices An outlook … Continued

Daily Drive Podcast: Sandy Schwartz Discusses How Cox Automotive is Supporting Clients During COVID-19 Pandemic

Cox Automotive Chief Executive Officer Sandy Schwartz joins Automotive News Publisher Jason Stein for a daily podcast about the coronavirus crisis. Stein and Schwartz discuss how the virus is impacting and reshaping the automotive industry. Schwartz provides details on how Cox Automotive and its family of brands are supporting clients during the current COVID-19 pandemic. Listen to … Continued

COVID-19 Business Updates

This summary of information related to the Cox Automotive response to COVID-19 will be updated regularly as the situation evolves. – COVID-19’s Economic Impact on U.S. Auto Sales March 31, 2020: Cox Automotive’s Chief Economist, Jonathan Smoke, provides continuing coverage of the impact on the automotive industry from his home studio in Atlanta, GA.  … Continued

Auto Market Weekly Summary

The auto industry is anxiously awaiting reports of March vehicle sales, which automakers will start reporting on Wednesday, April 1. Undoubtedly, vehicle sales, which started the month strong, have plummeted as COVID-19 spread across the country, prompting an increasing number of states to issue shelter-at-home orders that shut down dealership showrooms. As a preview, Cox … Continued

Cox Automotive’s Statement on COVID-19 – Summary of Activities

A Note from Cox Automotive CEO Sandy Schwartz Regarding COVID-19 Let’s just say this about COVID-19: We’re all in it together. Our job is to help make the automotive industry as good as it can be, and that has never been more apparent or more important than right now. Like so many others, Cox Automotive … Continued

March Madness Shifts the Landscape for Vehicle Incentive Strategies

March madness typically springs buyers back into the market as many consumers benefit from the extra cash of a tax return. This March, however, saw most shoppers sent home amid COVID-19 concerns to guard against infection, severely impacting our economy and teaching us new terms like “social distancing.” The entire distribution chain for new and … Continued

Special Edition: Economic Impact on Auto Sales with Jonathan Smoke 

Watch this video with Chief Economist Jonathan Smoke from his home studio in Atlanta, GA, as he explains the impact of COVID-19 on the automotive industry. Jonathan examines: Economic forecast and impact in the second quarter Consumer sentiment and buying behaviors Stock market, interest rates, and employment Current view of new and used retail sales … Continued