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…
The coronavirus pandemic caused luxury vehicle shoppers to retreat more than non-luxury vehicle buyers. Shopping consideration for luxury vehicles in the second quarter slumped to its lowest level in more than two years, according to the Kelley Blue Book Brand…
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…
Given the current turbulence in the automotive marketplace, the Cox Automotive Economic & Industry Insights team is publishing its mid-month view of the wholesale market, including wholesale prices. The posted material provides commentary and an updated look at the Manheim…
Sales of certified pre-owned (CPO) vehicles increased 8% year over year in July but were down 3% month over month compared to June. For July, 254,982 CPO units were sold. CPO sales were on a record-setting pace the first two…
The peak in daily new COVID-19 cases was four weeks ago, and now hospitalizations are clearly declining as well. The jobs recovery is improving again, but the country still has 15.5 million on unemployment benefits. Consumer sentiment has also been…
The supply of new vehicles is falling well below demand as the inventory of unsold new vehicles fell again, closing July even lower than June, according to a Cox Automotive analysis of vAuto Available Inventory data. The total U.S. supply…
Shoppers considered pickup trucks at record levels during the second quarter, aided by compelling incentives launched by automakers in response to the COVID-19 pandemic, including zero-percent financing for 84 months, according to the Kelley Blue Book Brand Watch™ Report for…
The most recent installment of Cox Automotive research on the evolving impact of COVID-19 on the U.S. was released today. This ongoing research, which focuses on consumers’ and dealers’ attitudes and behaviors during the pandemic, began in late March 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…
