General Motors reports third-quarter 2020 financial results Thursday, Nov. 5. If the better than expected results of Ford and Fiat Chrysler are any indication, GM should have a good quarter – on the strength of trucks and SUVs. Analysts predict GM’s revenues will be up. Here are key data points from Cox Automotive on GM’s … 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
October U.S. auto sales were forecast by Cox Automotive to be up year over year, driven mostly by ongoing consumer demand for pickup trucks and SUVs. Initial results on Tuesday, Nov. 3, indicate that sales would close near forecast and, importantly, year-over-year sales growth, albeit small, is keeping the industry’s recovery on course. Year-to-date sales are now … Continued
ATLANTA, Nov. 3, 2020 – Cox Automotive, in partnership with the National Association of Minority Automotive Dealers (NAMAD), awarded its Rising Star Award to Carlos Sandoval, partner and fixed operations director at Bartow Ford located in Bartow, Fla., among the largest volume Ford dealers in the nation and a 22-time President’s Award Winner. Sandoval was … Continued
One of the most remarkable stories in the car business this year has been the extent to which new-vehicle sales have rebounded from the depths of April and May. October is forecast to be the second consecutive month of year-over-year volume increases, and the seasonally adjusted annual rate (SAAR) is expected to be 16.4 million! … Continued
Daily new COVID-19 cases continue an upward trend that is producing records. We are likely to see a new record of 100,000 daily cases soon. The third quarter saw a historic rebound in economic growth, but the economy is still in a recession with a level of decline worse than the average recession. The stock … Continued
We know there are differences by political party affiliation when it comes to what type of vehicle people buy. The Cox Automotive Digital Retailing team took a quick look at some recent data on how people are buying cars to see if party affiliation plays a role there as well. First up, the majority of … Continued
ATLANTA, Oct. 28, 2020 – U.S. auto sales for October are expected to show a still recovering market with the sales pace rising for the sixth straight month since April’s historic low. The seasonally adjusted annual rate (SAAR) of sales is expected to finish near 16.4 million, up slightly from September’s surprisingly strong 16.3 million … Continued
Ford reports third-quarter 2020 financial results Wednesday, Oct. 28, after the stock market closes. Despite the pandemic, analysts expect relatively healthy earnings on the strength of solid sales in North America, where profit-hefty pickup trucks and SUVs are going gangbusters, and Europe, where Ford likely narrowed its losses. Here are key data points from Cox … Continued
Fiat Chrysler Automobiles on Wednesday posted net income of $1.4 billion in the third quarter, including a record profit in North America despite lower sales. Analysts expected relatively healthy earnings, considering the pandemic, on the strength of robust truck and SUV sales in North America. Here are key data points from Cox Automotive on FCA’s … Continued
