The Industry Insights team at Cox Automotive is forecasting first-half auto sales to be down 24.2% versus the first half of 2019 – a bad result that might have been worse without aggressive incentive spending by the automakers. In total, incentive program volume was down in the first half of 2020 compared to both 2018 and 2019. … Continued
WardsAuto, June 29, 2020 – The U.S. consumer and economy are returning to some semblance of normalcy, but the new-car business is likely to be anything but normal for the foreseeable future. Dealers are facing a rare situation in many markets: Consumer demand is higher than supply. Online shopping metrics are off the charts across various … Continued
We are once again setting records in daily new cases of COVID-19 in the U.S. Outbreaks in Sun Belt states from California to Florida and up to North Carolina are causing concern. Impacted cities and states are contemplating new stay-at-home orders to contain. We are seeing slowing momentum in the auto market in the back … Continued
ATLANTA, June 26, 2020 – The COVID virus and the resulting economic recession continue to negatively impact the auto industry, but June is expected to be another small step “back to normal.” According to a forecast released today by Cox Automotive, the seasonally adjusted annual rate (SAAR) of auto sales in June will finish at 12.6 million, … Continued
At the 2020 Mid-Year review held on June 25, the Cox Automotive Industry Insights team presented their view of the first half of the year. This 90-minute webinar was kicked off by Cox Automotive President and CEO Sandy Schwartz who provided an industry overview and highlight The Way Forward, a collection of new and updated strategies to … Continued
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
On Thursday, June 25, Ford Motor Company will reveal an all-new version of perhaps the most important vehicle in the world: The full-size F-150 pickup truck. A new F-150 from Ford is a moment, as the Blue Oval’s big truck has long been what Michelangelo’s David is to statues or Pat’s is to Philly cheesesteaks: … Continued
The Cox Automotive Economic and Industry insights team’s goal is to help automotive industry stakeholders make the best decisions for the future. The 2020 Cox Automotive Market Insights & Outlook flipbook makes accessing key data and insights easy. Replacing the hard copy version, this digital format allows readers to quickly find what they are looking for and can be … Continued
The peak in daily new COVID-19 cases in the U.S. was April 24, eight weeks ago, but the trend is again increasing as many states are now seeing new outbreaks. The economic recovery can now be seen in improving retail sales, new residential construction, and recovered wholesale used vehicle values Virus cases rise: The new case trend … Continued
The Cox Automotive Mid-Year Review will be held on Thursday, June 25, at 11 a.m. EDT, a week before the auto industry closes the book on a difficult and wild first half. This 90-minute webinar will be kicked off by Cox Automotive President and CEO Sandy Schwartz who will provide an industry overview and highlight The Way … Continued
