Reuters, Sept. 28, 2020 – U.S. automakers are facing a problem most forecasters and industry executives did not expect when the pandemic slammed the economy this spring: Strong demand and lean inventories at dealerships. Automakers report September U.S. sales on…
ATLANTA, Sept. 28, 2020 – Auto sales in the U.S. are forecast to continue their COVID-19 recovery in September as the new-vehicle sales pace should increase over last month. The seasonally adjusted annual rate (SAAR) is likely to reach 15.5…
Daily new COVID-19 cases stayed on an upward trend primarily due to increases in the Midwest and West. The overall economy appears to have hit a ceiling with the jobs recovering stalling and auto sales struggling. Housing remains the strongest…
With the supply of new vehicles falling every week, some favorite vehicles are in extremely short supply, but others have abundant – even overabundant – inventory that could represent good value and wide choice for consumers. In total, new-vehicle inventory…
The Cox Automotive Research & Market Intelligence team has published a new round of research on the evolving impact of COVID-19 on consumers and automobile dealers in the U.S. This ongoing research, which sheds light on consumer and dealer attitudes…
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…
September has been a busy month for EV news, and we still have a week to go. Last week Ford was touting (again) a new electric version of their best-selling F-Series pickup trucks, which is scheduled for launch in 2022…
Join us for the Q3 Cox Automotive Sales Forecast Call hosted by Chief Economist Jonathan Smoke and Senior Economist Charlie Chesbrough on Monday, Sept. 28, 11 a.m. EDT. During this 90-minute webinar, you will hear from Jonathan, Charlie and other…
Jeff Bezos is fond of declaring it’s still “Day 1” for Amazon. Staying in “Day 1” means you can do more for your customers — it requires you to experiment patiently, accept failures and double down when you see customer…
The number of daily new COVID-19 cases is increasing again, due to lax behavior over the Labor Day holiday weekend, much like we saw after Memorial Day. Momentum in several parts of the economy appears to be stalling. Retail sales…
