Our Chief Economist Jonathan Smoke joins us once again from his home studio in Atlanta, GA, with the latest on the impacts of COVID-19 on the automotive industry. The latest on COVID-19’s nationwide impact Continuing jobless claims and impacts by…
In February, 178,252 total fleet units were sold, compared to 153,372 in January, a 16.2% month-over-month improvement. Combined sales into large rental, commercial, and government buyers were down 36% year over year in February. Government units were down 39% year…
The step change to all-digital wholesale in 2020 drove the industry forward in a way none of us could have predicted. What would have normally taken us years as an industry to reach, we achieved overnight. But we know that…
ATLANTA, March 8, 2021 – With COVID-19 case trends declining and vaccination rates increasing, U.S. automobile dealers are mostly optimistic about the automobile market in the coming 90 days, according to the latest Cox Automotive Dealer Sentiment Index (CADSI) released today. The…
Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchised and independent auto dealers from around the country, the Cox Automotive Dealer Sentiment Index (CADSI) measures dealer perceptions of current retail auto sales and sales…
The downward trend in new daily COVID-19 cases continues, and the vaccine rollout is accelerating. Improving conditions are leading to rollbacks of restrictions, and employment data are starting to reflect solid job gains as a result. Jobs recovery resumes: February saw…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 3.79% month over month in February. This brought the Manheim Used Vehicle Value Index to 169.2, a 17.9% increase from a year ago and a record high…
Vehicle models affected by the global shortage of computer chips that forced automakers to trim production continue to have a healthy supply, with some exceptions, according to a Cox Automotive analysis of vAuto Available Inventory data. In the U.S., about 30…
New EVs – 100% battery-powered vehicles – are generating a lot of buzz and excitement in the market right now, but in fact, U.S. consumers seem to favor hybrids and plug-in hybrids when shopping and buying electrified vehicles, specifically those…
For 11 years now, the Cox Automotive Research & Market Intelligence team has been tracking the journey of car buyers, a winding road roughly 50 million Americans take every year as they set out to buy a vehicle, either new or…
