In January, 153,372 total fleet units were sold, compared to 165,713 in December. Combined sales into large rental, commercial, and government buyers were down 26% year over year in January. Government units were down 21% year over year, on a small base, while rental units were down 33% year over year in January, an improvement … Continued
General Motors reports fourth-quarter and full-year 2020 financial results on Wednesday, February 10. Despite the pandemic, GM’s profit in comparison to last year should be favorable. Third- and fourth-quarter earnings in 2019 were clobbered by a 40-day strike by the UAW. In addition, GM gained traction with its redesigned full-size SUVs and increased sales of … Continued
Dealers and consumers in the U.S. should not see shortages of most models affected by the shortage of computer chips as there is ample vehicle inventory, according to a Cox Automotive analysis of vAuto Available Inventory data. The global shortage of computer chips for vehicles has caused automakers around the world to trim production. Nearly … Continued
Nissan Motor reports financial results for Q3 FY 2020, the October-to-December 2020 quarter, on Tuesday, February 9, the third quarter of its fiscal year that ends March 31, 2021. Success in the U.S. is the centerpiece of Nissan’s four-year turnaround plan. Here are some data from Cox Automotive on Nissan’s market performance in the U.S. … Continued
Honda Motor Co. of Japan reports financial results for Q3 FY 2021, the October-to-December 2020 quarter, on Tuesday, February 8, the third quarter for its fiscal year that ends March 31, 2021. Here are some data for the recently closed quarter from Cox Automotive on Honda’s market performance in the U.S., one of the Japanese … Continued
The downward trend in new daily COVID-19 cases continues. Improving conditions are leading to rollbacks of restrictions. Economic activity and employment should improve as a result. Job gains small: January only saw meager gains in jobs, but the declining trend in jobless claims affirm that January likely represented the transition from the worst of the … Continued
This special newsroom provides a centralized hub to access all of the announcements from Cox Automotive brands related to NADA Show 2021 and AFSA 2021 Vehicle Finance Conference. Press Release Schedule Date/Time* Brand PR Contact Announcement Assets Feb. 8/8 a.m. Xtime Brenna Buehler Putting the Entire Service Process in the Palm of the Customer, Xtime Invites … Continued
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 1.23% month over month in January. This brought the Manheim Used Vehicle Value Index to 163.0, a 15.1% increase from a year ago. Manheim Market Report (MMR) prices strengthened as the month progressed. The Three-Year-Old MMR Index, which represents the largest model … Continued
In the summer of 2014, Alan Mulally retired from Ford Motor Company after successfully steering the automaker through a rough 8-year stretch, including the Great Recession. When CEO Mulally walked away, the company was profitable, and the Ford brand was well polished and among the strongest in the industry, having mostly avoided the chaos and … Continued
Shopping consideration for pickup trucks overtook shopping consideration for cars during 2020’s fourth quarter, a first in the history of the Kelley Blue Book Brand Watch Report. SUV shopping reigned supreme. The Brand Watch Report is a consumer perception survey that also weaves in shopping behavior to determine how a brand or model stacks up … Continued
