Is your F&I office capable of supporting automated eCommerce? Consumers Want It, Technology Enables It Consumers have grown accustomed to the transparency, speed, and convenience of buying online. Research shows that 76% of today’s car buyers are open to purchasing…
Ford outperformed the U.S. market in sales for the second quarter. How that translates into quarterly earnings will be revealed with the automaker posts financial results after the stock market closes on Wednesday, July 27. Ford’s U.S. vehicle sales surged…
General Motors is expected to report a year-over-year decline in earnings, despite higher revenues, when it reports financial results for the second quarter on Tuesday, July 26, before the stock market opens. But then again, GM has beaten analysts’ forecasts…
CBT News, July 25, 2022 – As the automotive retail industry settles into the third quarter, analysts are reviewing mid-year sales data and updating their forecasts for the remainder of 2022. Today on Inside Automotive, Jim Fitzpatrick is pleased to…
The job market is starting to show signs of cooling as new initial claims have risen for seven straight weeks and are now at a level higher than they were before the pandemic began. However, continuing claims continue to remain…
Earlier this month, during our quarterly Manheim Used Vehicle Value Index (MUVVI) conference call, there were a significant number of questions related to the health of the U.S. economy, inflation, and the impact used-vehicle prices are having on inflation. These…
ATLANTA (July 21, 2022) – Cox Automotive today announced the acquisition of Trudell, expanding its offering within the medium and heavy-duty fleet parts and service, as well as adding direct parts sales and semi-trailer sales to the Cox Automotive Mobility Fleet Services…
South Korean automaker Hyundai Motor, which includes the Hyundai, Kia and Genesis brands, is expected to deliver record profits when it reports quarterly earnings on Thursday, July 21. Analysts predict the automaker will earn a record $1.7 billion in operating…
Both service activity and service revenue decreased at U.S. franchised dealerships in June, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Revenue Index decreased month over month in June after 11 months of increases and…
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…
