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Digital Retailing: The Key To Making Consumers Love Car Buying

America’s love affair with the automobile is well documented and an important part of our culture. Who doesn’t remember the first time they drove, their first car, and the freedom that came with it? Unfortunately, not many Americans love BUYING…

Q3 2021 Kelley Blue Book Brand Watch Report: Lexus Challenges BMW for Most-Shopped Luxury Brand

BMW retained its spot as the most-shopped luxury brand, but Lexus is closing in on the German brand, according to the Kelley Blue Book Brand Watch™ report for Q3 2021. The Kelley Blue Book Brand Watch report is a consumer…

Cox Automotive Analysis: Nissan Quarterly U.S. Market Performance

Nissan reports quarterly financial results on Tuesday, November 9. It marks the second quarter – the halfway point – of Nissan’s fiscal year that ends March 31, 2022. The global computer chip shortage forced Nissan to cut production, with some…

Auto Market Weekly Summary

October saw an acceleration of job gains as the labor market is improving following the peak of the Delta variant wave and the end of the pandemic unemployment assistance in September. New-vehicle sales showed gains over September, which posted the…

Manheim Index Shows Historic Wholesale Price Increase in October

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 9.2% month over month in October. This brought the Manheim Used Vehicle Value Index to 223.7, a 38.1% increase from a year ago. Some of the monthly…

Year-To-Date Fleet Sales Outpace 2020

In October, 100,182 total fleet units were sold, a 2% month-over-month increase compared to 98,415 in September and a 24% decrease from October 2020, which recorded 132,560 units. This brings the 2021 year-to-date total combined large rental, commercial, and government…

Cox Automotive Analysis: Honda Quarterly U.S. Market Performance

Honda reports quarterly financial results on Friday, November 5. The July-to-September period marks the second quarter of Honda’s fiscal year that ends March 31, 2022. In the U.S., Honda struggled with production cuts and low inventories throughout the quarter due…

Cox Automotive Analysis: Toyota Quarterly U.S. Market Performance

Toyota’s financial results for the recently ended quarter will be posted on Friday, November 5. The July-to-September period marks the second quarter of Toyota’s fiscal year that ends March 31, 2022. Toyota has weathered the chip shortage better than most.…

Q3 2021 Kelley Blue Book Brand Watch Non-Luxury Report: Hyundai Cracks the List of Top 5 Most Considered Brands

Hyundai cracked the list of Top 5 Most Considered Brands in the third quarter, according to the Kelley Blue Book Brand Watch report for non-luxury brands. It was the first time since 2012 that Hyundai ranked that high. The Kelley…

Tapering Begins This Month, But Rate Path Depends on the Economy

U.S. monetary policy is now entering a tightening phase as the Fed issued their official statement following their seventh meeting of 2021. As expected, the Fed announced that tapering would begin this month. We know now that tapering will proceed,…