Cox Automotive Mobility and Georgia Power Advance Fleet Electrification Future

News Press Releases 4 min read

ATLANTA, Aug. 10, 2020 – Cox Automotive Mobility’s Pivet Atlanta facility, located conveniently between downtown Atlanta and Hartsfield-Jackson Atlanta International Airport, completed one of the largest electric vehicle (EV) charging single property installations in the southeast in collaboration with Georgia Power and EV charging network provider ChargePoint. The groundbreaking Smart Technology Project, which includes the … Continued

Auto Market Weekly Summary

4 min read

The peak in daily new COVID-19 cases was more than two weeks ago, and now it appears that hospitalizations and deaths are no longer growing either. It also appears that the jobs recovery may also be improving again, albeit at a slower pace than we enjoyed in the spring. The country now has 16.1 million … Continued

2 Straight Months of Record Wholesale Prices; What’s Next?

News 1 min read

Auto Remarketing, Aug. 11, 2020 – This metric measuring wholesale used-car prices has now hit all-time highs for two straight months, as a near 6% sequential lift in wholesale values pushed the index to 158.0, according to parent company Cox Automotive. That reading beats year-ago figures by 12.5% and is nearly nine points higher than … Continued

Used Vehicle Values Set New Record for Second Straight Month

1 min read

Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 5.84% month over month in July. This brought the Manheim Used Vehicle Value Index to 158.0, a 12.5% increase from a year ago and a new record-high for the Index. Access the full report. For 25 years, the MUVVI has been the … Continued

Cox Automotive Commentary: Cadillac Lyriq Reveal

4 min read

Cadillac will reveals its new Lyriq midsize crossover in a virtual launch event this evening. Part of a multi-billion-dollar electrification plan, the all-new Lyriq is the first in an upcoming portfolio of battery-electric vehicles from the Detroit-based luxury vehicle maker. Cadillac is spearheading General Motors’ shift to an all-electric future. The new EV will be … Continued

Cox Automotive Analysis: Quarterly Toyota U.S. Market Performance

3 min read

Toyota eked out a small profit for the quarter ended June 30, thanks to immediate cost cutting, including R&D outlays, and a faster-than-expected rebound in China. It still expects to make $7 billion in this fiscal year. In the recent quarter, Toyota’s operating profit plunged 98% to about $129 million, and its global sales fell … Continued

July Fleet Sales Improve, Remain Down 40% From 2019

1 min read

Fleet sales showed month-over-month improvements, but combined rental, commercial and government purchases of new vehicles remained down 40% year over year in July. Total fleet volume in July was 104,769, down from 174,683 in July 2019. Government units were up 42% year over year, on a small base, while rental units were down 84.5% year … Continued

Cox Automotive Analysis: Quarterly Honda U.S. Market Performance

3 min read

Honda reported a $1 billion operating loss in the quarter ended June 30, the automaker’s first quarter of its fiscal year that ends March 31, 2021, due to the coronavirus pandemic.  The loss compares with a $2.35 billion profit in the same quarter a year ago. Revenue plunged 47%. Vehicle sales fell 40%. In announcing … Continued

July U.S. Auto Sales Results Show Recovery Continues

2 min read

UPDATED, Aug. 5, 2020 – Cox Automotive Senior Economist Charlie Chesbrough on July U.S. auto sales: “Our read of the numbers suggests sales in July ran at an annual pace of 14.5 million, notably stronger than our initial forecast and an indication the recovery continues to head in the right direction. The market remains well … Continued

Week #20 Special Edition: Economic Impact on Auto Sales with Jonathan Smoke

5 min read

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