With factories back to nearly full production and sales slowing, new-vehicle inventory climbed during November though it remains below normal, according to a Cox Automotive analysis of vAuto Available Inventory data. List prices also rose. 2.87M Total Inventory 75 Days’…
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…
Welcome to Dealer Forward: Reimagining Automotive Retail, a panel discussion that focuses on building resilience in three key auto retail areas – marketing, dealership performance and fixed operations. In this week’s episode, Vice President of Sales, Dealer Sales and Service…
In November, 132,145 total fleet units were sold, compared to 132,560 in October. Combined sales into large rental, commercial, and government buyers were down 29% year over year in November. Government units were up 3% year over year, on a…
Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 0.07% month over month in November. This brought the Manheim Used Vehicle Value Index to 162.0, a 16.6% increase from a year ago. The non-seasonally adjusted monthly change…
Daily new COVID-19 cases have resumed an upward trend that hit a new record late last week. Hospitalizations are also at new records, leading to ICU capacity problems and state and local governments issuing new restrictions. The impact on the…
Forbes, Dec. 2, 2020 – It just doesn’t get any easier for someone who needs a personal vehicle to buy one—especially a new one. Kelley Blue Book reports the average transaction price in November was $39,259, down slightly from October but…
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…
The Cox Automotive team is analyzing November auto sales data this week, with initial results coming in roughly as forecast before the Thanksgiving holiday. With fewer selling days compared to November 2019 and last month, sales volume is expected to…
November saw a record number of new COVID-19 cases and hospitalizations. Consumer confidence is declining, and consumer spending decelerated in October before we began to see weekly increases in initial claims for unemployment in November. The 13.7 million consumers who…
