U.S. inventories of new pickup trucks – large and small – are extremely low, with Toyota having barely any supply of the popular Tacoma and Tundra, according to a Cox Automotive analysis of vAuto Available Inventory data. Full-size pickups trucks…
Sales of certified pre-owned (CPO) vehicles increased 9% year over year in June and were up 10% month over month compared to May. For June, 261,586 CPO units were sold. CPO sales were on a record-setting pace the first two…
Cox Automotive is conducting ongoing research to understand the evolving impact of COVID-19 on U.S. consumers’ and dealers’ attitudes and behaviors. The COVID-19: Consumer and Automotive Dealer Impact Study addresses COVID-19 awareness, familiarity and level of concern, the impact on…
Automotive News, July 13, 2020 – Even with fleet sales still blunted by the lingering effects of COVID-19 on daily rental-car companies and most production in North America recovering, auto industry inventories continued to tighten in June, especially in light…
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…
On Monday, July 13, Ford Motor Company will officially reveal a line of all-new Bronco products, arguably one of the most highly anticipated launches this year. Our analysts and experts agree: The new Ford SUVs have been developed to tap…
Automotive News, July 13, 2020 – As new-vehicle inventory at dealerships wanes across the U.S., more shoppers are turning to used cars, leading to record-high auction prices as dealers scramble to replenish their stocks. For the wholesale market, it marks…
We continue to see new peaks in daily COVID-19 cases reported in the U.S. The pace of growth is now slowing, but, unfortunately, daily deaths are now rising. The growing cases of COVID-19 threatens the economic recovery. June saw a…
CBT News, July 10, 2020 – Cautious optimism is the sentiment many dealers are feeling as the auto retail industry settles into Q3. After strong showings for sales, considering the challenges, in May and June, some experts say that the…
Year-over-year fleet sales continued its remarkable decline as the combined rental, commercial, and government purchases of new vehicles were down 69% in June. Total fleet volume was 85,104, down significantly from 277,615 in June 2019. Rental units continue to lead…
