The peak in daily new COVID-19 cases was six weeks ago, the recovery in jobs is encouraging and the rebound in automotive sales is impressive, but consumers may still be wary, particularly in light of social unrest. COVID-19 cases decline: The…
Derived from a quarterly survey that Cox Automotive issues to a representative sample of franchised and independent auto dealers from around the country, the Cox Automotive Dealer Sentiment Index (CADSI) measures dealer perceptions of current retail auto sales and sales…
ATLANTA, June 8, 2020 – According to the Q2 2020 Cox Automotive Dealer Sentiment Index (CADSI) released today, U.S. automobile dealers’ view of the current automotive market remains negative and is understandably far more negative than in the first quarter. With an index…
Automotive News, June 8, 2020 – To no one’s surprise, COVID-19 restrictions on vehicle sales and the resulting economic toll drove dealer sentiment into abysmal territory during the second quarter, according to the latest Cox Automotive Dealer Sentiment Index survey. But…
Forbes, June 5, 2020 – Automakers used generous incentives to spark a temporary sales spike in April and May helping to clear dealer lots. Combined with assembly plants still not up to full production, inventories are low, leaving little reason…
CBT News, June 5, 2020 – Mike Boyd, founder and director of business enablement at iRecon, a used-car reconditioning software for dealerships, joins Jim Fitzpatrick at CBT News for a conversation. In this segment, Mike and Jim talk about the used-car…
Reuters, June 5, 2020 – At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville. But the seeming oversupply was not a…
At Cox, we have felt the pain and anguish of the communities where we do business and our nation over the past week. People should not live their lives in fear, simply because of the color of their skin. We…
Wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 8.96% month over month in May. This brought the Manheim Used Vehicle Value Index to 137.0, a 1.9% decrease from a year ago. Access the full report.…
Sales of certified pre-owned (CPO) vehicles decreased 6% year over year in May but were up 87% month over month compared to April. For May, 237,495 CPO units were sold. CPO sales were on a record-setting pace the first two months…
