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 Economist Jonathan Smoke will continue to lead our effort to translate data and trends into … Continued
The trend in new daily COVID-19 cases continued to increase as new variants spread. Vaccination progress accelerated, and we passed a critical milestone of more than 100 million Americans having received at least one shot of a vaccine. The severe winter storms in February caused pending home sales to fall, just like we saw in … Continued
Auto sales for the first quarter of 2021 are coming in slightly above the Cox Automotive forecast, driven in part by strong March results to close out the quarter. Our final tally will be counted in the coming days. Please find below commentary from our team of experts and analysts. As always, if you have any questions, … Continued
Automotive News, April 1, 2021 – Daily Drive is a daily podcast that provides updates during the coronavirus outbreak. Automotive News Publisher Jason Stein speaks with industry experts, insiders and Automotive News reporters about how the coronavirus outbreak is impacting and reshaping the automotive industry. Cox Automotive Chief Economist Jonathan Smoke predicts there will be … Continued
CBT News, March 31, 2021 – In the premiere episode of the ‘Dealer Advantage’ series, Lori Wittman, senior vice president of Dealer Software Solutions, Cox Automotive and Kevin Frye, marketing director for Jeff Wyler Automotive Family, discuss what dealers are doing to successfully implement digital platforms and create the optimal car buying experience. Find out more information … Continued
Incentive program volume in Q1 2021 was down 13.9% from Q1 2020, as tight inventories and healthy demand helped keep the market moving. Program volume – a count of the number of vehicle incentive programs offered by the automakers – was at an all-time high in Q1 2020, according to an analysis by Cox Automotive Rates & Incentives. The … Continued
During the Cox Automotive Q1 2021 U.S. Auto Sales webcast held on Monday, March 29, Cox Automotive Chief Economist Jonathan Smoke was joined by Charlie Chesbrough, senior economist, and others to provide a deep dive into the economy and U.S. auto industry – the new, used and wholesale vehicle markets for Q1 2021. As part … Continued
Cox Automotive Chief Economist Jonathan Smoke and our Industry Insights team hosted the Q1 2021 U.S. Auto Sales Webcast. Check back on the Newsroom to watch the replay if you were unable to attend the live session. This 90-minute session included a deep dive into the economy and the auto industry, providing a thorough look … Continued
The trend in new daily COVID-19 cases is on the rise again as new variants are spreading rapidly in many areas. Economic activity is also increasing, which is likely contributing to the virus spread but is also helping to improve employment conditions. The severe winter storms in February caused home sales and personal spending to … Continued
ATLANTA, March 26, 2021 – March U.S. auto sales, when reported next week, will show strong growth over February’s pace and a significant increase over last year’s pandemic hit numbers. The seasonally adjusted annual rate (SAAR) of sales this month is forecast by Cox Automotive to hit 16.5 million, up from February’s 15.7 million pace and well … Continued
