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NADA 2020 — Las Vegas, February 15–17

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Automakers to Watch in 2020

Considering how well recently introduced midsize pickup trucks are doing, it may be a wonder why domestic automakers abandoned that segment in the first place. General Motors returned to the sector a few years ago with its Chevy Colorado and GMC Canyon. Last year, Jeep and Ford came back with the Gladiator and Ranger, respectively. … Continued

Brand Experience Centers, At-Home Maintenance, Service Pick-up and Drop-off: These are the Modern Automotive Dreams, New Research Shows

ATLANTA, Jan. 22, 2020 – It’s no secret the current car-buying experience has room for improvement and that few owners are looking forward to the next 3-hour wait while their vehicle is serviced. But what does an ideal automotive consumer experience actually look like? A new report from Cox Automotive released today provides a road … Continued

WEEKEND DRIVE PODCAST: Why Education is Key to Overcoming Subscription ‘Hurdles’

At the annual Cox Automotive Industry Insights Breakfast in Detroit, Cox Automotive Chief Economist Jonathan Smoke joined Mike Martinez on the Automotive News Weekend Drive podcast. Smoke said his theme for the new year is that it is “not so bad.” He says vehicle subscription programs are poised to cause “substantial disruption” this year. Plus, … Continued

10 Takeaways from U.S. Auto Sales: A Decade in Review

December 2019 auto sales came in relatively strong and ahead of many forecasts – a fitting end to a decade that delivered mostly good news for the auto industry. Honestly, though, in the past decade, the only direction possible was up. In 2010, the auto industry was in shambles. The economy had tanked, loans were … Continued

Auto Market Weekly Summary

Two full weeks into January, most of the latest data reflects key trends in December. Inflation eats into wages: Inflation increased modestly in December, primarily from higher energy prices and from big increases in health care insurance. Average weekly earnings did not see real growth for the first time in 32 months as a result … Continued

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 sales for the 2019 Mazda diesel version of the CX-5 are dismal and the automaker is offering discounts of up to $10,000. The midsize 2-row crossover SUV category is one … Continued

Detroit Braces for Year of Slower Sales by Idling Auto Plants

Fiat Chrysler is sending workers home at four factories. Ford has two operating on fewer shifts and two others no longer building discontinued products. And General Motors Co. may dial back output despite being just a couple months removed from enduring its longest strike in almost half a century. Detroit’s three automakers are bracing for a … Continued

COMMENTARY: 3 Factors that are Redefining Auto Wholesale in 2020

Zach Hallowell, vice president of Manheim Digital Marketplace, writes an op-ed for Auto Remarketing in which he looks at inflection points in history where it only took two or three decades for a novel innovation adopted by few to transform into a daily tool depended on by many. Now in 2020, he says that the foundation has … Continued

CPO Beats Sales Forecast, Sets All-Time Record in 2019

Certified pre-owned (CPO) sales volume set another record in 2019 – marking the ninth consecutive year of record-breaking sales. CPO sales reached 2.80 million vehicles in 2019, up 4% from 2018, exceeding the Cox Automotive forecast of 2.75 million.   2019 was the last big year of growth in off-lease units as we reached a total … Continued

December CPO Sales End Year at Record Level

Sales of certified pre-owned (CPO) vehicles increased 5% year over year in December. For the month, 235,921 CPO units were sold, down 1% month over month compared to November, which set another CPO sales record for the year.  2019 ended the year with CPO sales up 4% versus 2018, with 2.8 million sales through December and … Continued