Hyundai, Toyota, Mazda and others posted August U.S. auto sales in line with expectations today, and Subaru posted its best sales month of 2020, despite limited inventory. August sales results won’t be fully known for a few days, but early…
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 peak in daily new COVID-19 cases was six weeks ago, and now hospitalizations and deaths are in decline as well. The decline has helped consumer sentiment improve modestly. Home sales are strong with low mortgage rates and favorable demographics.…
ATLANTA, August 26, 2020 – As summer winds down in the last week of August, the auto industry’s slow recovery appears to remain on track, at least for another month. According to a forecast released today by Cox Automotive, the…
The Cox Automotive Industry Insights team has published another round of research on the evolving impact of COVID-19 on consumers and automobile dealers in the U.S. The report was released today. This ongoing research, which sheds light on consumer and…
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…
A Note from Cox Automotive CEO Sandy Schwartz Regarding COVID-19 Let’s just say this about COVID-19: We’re all in it together. Our job is to help make the automotive industry as good as it can be, and that has never…
The peak in daily new COVID-19 cases was five weeks ago, and now hospitalizations and deaths are declining as well. The jobs recovery continues, but the country still has 14.8 million on unemployment benefits. Consumer sentiment has also been slowly…
The inventory of unsold used vehicles remains low but appears to be somewhat stabilizing in contrast to new-vehicle inventory that continues to fall, according to a Cox Automotive analysis of vAuto Available Inventory data. The total U.S. supply of unsold…
The shift in vehicle demand, away from new and toward used, is clearly reflected in the 1H financial reporting of the largest players in the auto industry: franchised dealer groups. Large dealer groups account for roughly 7% of new-vehicle sales…
