U.S. monetary policy was unchanged today as the Fed issued their official statement following their third meeting of 2021. The biggest changes in the official statement were in this section covering current conditions: “Amid progress on vaccinations and strong policy…
ATLANTA, April 28, 2021 – April U.S. auto sales, when announced next week, are expected to reveal a very hot new-vehicle market. The April sales pace is expected to finish near 16.5 million, which is down from last month’s robust 17.7…
Ford Motor Co. will report its first-quarter 2021 earnings Wednesday, April 28, after the stock market closes. Wall Street analysts expect Ford’s results to benefit from rising vehicle sales in North America and China as well as its richer mix…
The trend in new daily COVID-19 cases declined last week, but the pause in the administration of the Johnson & Johnson vaccine continued, causing the vaccination pace to slow. Late Friday, the pause was lifted, and Johnson & Johnson vaccines…
On CBT News, host Jim Fitzpatrick is joined by Charlie Chesbrough, senior economist and senior director of Industry Insights at Cox Automotive. Chesbrough joins the show to recap results from the first quarter of 2021 and provide insight on what…
Used-vehicle inventory tumbled through March to lows not seen since last summer, according to a Cox Automotive analysis of vAuto Available Inventory data. 2.34M Total Unsold Used Vehicles end of March 33 Days’ Supply $21,343 Average Listing Price The total…
After a year’s worth of videos tracking the COVID-19 pandemic’s impact on the auto market, we are launching a biweekly Auto Market Report video series focusing on data and insights that provide a holistic view of the auto industry. Chief…
In order to provide actionable, timely insights, the Cox Automotive Economic & Industry Insights team is publishing its mid-month view of the wholesale market, including wholesale prices. The posted material provides commentary and an updated look at the Manheim Used…
Automotive Retail Summit, April 12 – COVID-19 has caused huge disruption and accelerated dealerships and OEMs to revisit their sales process. For 2021, we must figure out how to execute this new online and offline customer relationship to meet customers…
ATLANTA, April 19, 2021 – According to an analysis of the U.S. auto market by Cox Automotive and Kelley Blue Book, sales growth of both electric and hybrid vehicles outpaced overall market performance in the first quarter of 2021. Electrified vehicles – automobiles…
