As we did at the end of the second quarter, our team took a look back at the market predictions we posted in January. This quarterly review is helpful, as it allows us to see how the market has progressed compared to expectations. Forecasting is a tough business, especially in a year with so many changing … Continued
UPDATED, Oct. 3, 2022 – With the books closing on third-quarter new-vehicle sales, the market indeed—as forecast—is stuck in a low gear. At a brand level, sales results are markedly inconsistent. Hyundai and Kia are confirming record results; General Motors and Toyota finished the quarter with strong numbers. Others, including Buick, Nissan and Honda, continue to struggle. … Continued
Cox Automotive provides forecasts on the new and used vehicle markets as well as leasing, fleet and CPO sales and the Manheim Used Vehicle Value Index. The Industry Insights team reviews the forecasts quarterly and updates them as changes in the market dictate. The 2022 forecasts were presented during the Cox Automotive Q3 2022 Industry … Continued
The Cox Automotive Q3 Industry Insights and Sales Forecast Call will be held today at 11 a.m. EDT. The presentation is now available for download. The September and Q3 sales forecast press release will be published in the Newsroom after the conclusion of the call. During the webcast, Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough … Continued
The video below is part of a biweekly Auto Market Report series focusing on data and insights that provide a holistic view of the auto industry. Chief Economist Jonathan Smoke leads our effort to translate data and trends into actionable insights. Download this week’s presentation.
ATLANTA, Sept. 27, 2022 – As part of Cox Enterprises’ goal to dramatically reduce its carbon, water and waste impact on the environment by 2034, Cox Automotive Mobility is making key advancements in fleet electrification to build a better future for the next generation. Cox Automotive Mobility’s focus on EV development includes the opening of an … Continued
Over the years, the auto industry has always had a healthy tension between the sales vice presidents and the chief financial officers. Sales executives were bonused on share gains, while the finance teams were bonused on profit. This led to a never-ending battle over how much incentive money was necessary to meet sales objectives. Each … Continued
Residential construction is headed further down with a 10% decline in permits in August. Existing home sales dropped less than expected in August, but sales have fallen for seven straight months. More declines are expected as supply is shrinking as fewer existing homeowners are interested in selling. With the Fed’s aggressive rate plans, mortgage rates … Continued
The Fed raised the target for the Federal Funds Rate by three-quarters of a percentage point today, making another aggressive move to, as Fed Chair Jerome Powell suggests, induce “pain in the economy” as the cost of reducing inflation. The biggest news was not today’s increase, but the plans for where rates go from here. … Continued
Welcome to the monthly Manheim Market Insights update. This monthly video is new content offered by Kevin Chartier, vice president of Manheim Market Insights. In each video, Chartier will share a few of his thoughts on what we are seeing in the used wholesale and retail markets; all through the wide lens of data available … Continued
