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…
Year-over-year fleet sales continued its remarkable decline compared to the prior year as the combined rental, commercial and government purchases of new vehicles were down 83.2% in May. Total fleet volume in May was 52,203, down significantly from 311,202 in…
Auto sales in May finished at 1,110,609, according to an estimate from Cox Automotive and Kelley Blue Book. The total is down 30.2% from May 2019, but an increase of 57% from April 2020. The sales results last month came…
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 Jobless claims and impacts by state…
Signs of an economic recovery are growing as markets slowly reopen and businesses hit the relaunch button. Automotive retail, likewise, continues to slowly improve, driven by pent up demand and the belief that vehicle ownership is essential, particularly in the time of a pandemic. As we close the books on May, the question our team…
Auto Remarketing, June 1, 2020 – How does managing health and safety happen at a large corporation during a pandemic, with so many varieties of enterprise? Kenny Jones, senior director of health and safety at Cox Automotive, joins the Auto Remarketing…
The peak in daily new COVID-19 cases was five weeks ago, and case growth generally continues to be on a declining trend for the U.S. overall, but some markets are still seeing growth. Testing is also growing. Some markets are seeing…
ATLANTA, May 28, 2020 – COVID-19 continues to plague the light vehicle market, but May’s sales pace is still expected to be a giant step forward on the path to recovery. According to a forecast released by Cox Automotive, new light-vehicle sales…
As the U.S. economy and auto industry begin to take the first cautious steps toward a recovery from the global pandemic, the team of analysts at Cox Automotive set out to measure how COVID-19 reshaped auto retail in the U.S.…
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. This week, Jonathan examines: The latest on COVID-19’s nationwide impact Jobless claims…
