With the first quarter ending, we are looking back at the 10 trends that the Cox Automotive Industry Insights team laid out in the early days of 2022 that are shaping the auto industry this year. Overall, the Cox Automotive…
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…
A replay of the Cox Automotive Q1 2022 U.S. Auto Sales Forecast and Industry Insights webcast held on Monday, March 28, is available below. Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team presented…
UPDATED, April 1, 2022 – With a trifecta of issues impacting the new-vehicle market in the first quarter – low inventory, low incentives, high prices – sales have mostly been stuck in low gear. Our Industry Insights team was expecting…
The Cox Automotive Q1 2022 webcast was held Monday, March 28, at 1 p.m. EDT. The presentation is available for download. The Cox Automotive March U.S. auto sales forecast was released at 2 p.m. EDT. Cox Automotive Chief Economist Jonathan Smoke,…
Last week was a light week for new economic data. This week delivers a veritable buffet of updated data covering personal income, spending, and inflation data for February, and employment, consumer confidence, and new-vehicle sales data for March. The housing…
Register now to join Cox Automotive Chief Economist Jonathan Smoke, Senior Economist Charlie Chesbrough, and the Industry Insights team for the Q1 2022 Industry Insights and Sales Forecast Webcast. Monday, March 28 1 p.m. EDT. During this 90-minute session, the team…
The national average price for a gallon of gas moved above $4.00 and into record territory in early March, and American drivers – and media – took notice. Higher fuel costs are already adding to inflation woes, leading state and…
U.S. franchised dealerships continued to earn more service revenue on fewer tickets in February, according to the latest Cox Automotive analysis of Xtime metrics. The Repair Order Revenue Index increased in February for the eighth consecutive month with the revenue…
For years, consumers have done hours of research online before buying a vehicle. But today they are increasingly comfortable completing a purchase on the web, with 76% of car buyers open to buying completely online.1 In 2021, U.S. eCommerce sales…
