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 90-day outlook index jumped 11 points to 59, the highest level since the onset of … Continued
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 expectations for the next three months as “strong,” “average” or “weak.” The survey also asks … Continued
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 379,000 new jobs – twice what was expected, triggering another tick down in the unemployment … Continued
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 for the Index. Manheim Market Report (MMR) prices strengthened as the month progressed. The Three-Year-Old … Continued
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 models are affected by the chip shortage based on AutoForecast Solutions’ analysis of plants that … Continued
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 from Toyota and Honda, according to Cox Automotive data. February sales were further proof. While … Continued
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 used. The study, which has evolved over the past decade, is designed to provide a comprehensive … Continued
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 state Consumer sentiment in the U.S. and in the largest DMAs Cox Automotive consumer survey … Continued
The last quarterly financial report issued by Fiat Chrysler Automobiles, now part of Stellantis, will be posted on Wednesday, March 3. In January, FCA closed the deal with France’s PSA Group (Peugeot) to merge into the newly formed Stellantis, becoming the world’s fourth-largest car company. Speculation has swirled regarding the new management’s plan for the … Continued
We are past the effect of the severe winter weather a week ago. As a result, COVID-19 testing is growing again, and the new daily case trend is again on the rise. Still, it remains well below the case trend in January or early February. Consumers spend: Consumer spending increased in January as incomes jumped with … Continued
