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 and impacts by state Consumer sentiment in the U.S. and in the 142 largest DMAs … Continued
Welcome to Dealer Forward: Reimagining Automotive Retail, a weekly panel discussion that focuses on building resilience in three key auto retail areas – marketing, dealership performance and fixed operations. The latest panel discussion The Service Experience and Social Distancing inspects what servicing tactics are working for dealerships and how they are implementing them. This week’s episode … Continued
The peak in daily new COVID-19 cases was four weeks ago. Case growth appears to be on a declining trend for the U.S. overall, but individual markets have their own unique pandemic curves. Some markets are seeing more cases reported not only as a function of outbreaks, but also as a function of increases in … Continued
Nissan Motor Co. in Japan reports financial results on Thursday, May 28, for the quarter and fiscal year that ended March 31. Nissan also will unveil its 3-year restructuring plan that day. Even before the global pandemic, Nissan expected weak results for its recent fiscal year. Ahead of those expected weak results, Nissan said it … Continued
BMW widened the gap with its competitors, continuing its reign as No. 1 most considered luxury brand by consumers, a position it has held for the past three years, despite some close calls, according to the Kelley Blue Book Brand Watch Report for Q1 2020. The Brand Watch Report is a consumer perception survey that … Continued
If there’s good news in the auto industry right now, it’s this: Online vehicle shopping has been strong recently. Our colleagues at both Autotrader and Kelley Blue Book note that leads – signs of interest in buying – were up more than 30% year over year in the early part of May. That’s an indication … 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. This week, Jonathan examines: The latest on COVID-19’s nationwide impact Jobless claims and impacts by state Consumer sentiment in the U.S. and in the 142 largest DMAs … Continued
Toyota reported earnings last week for the quarter ended March 31, a date that also marked the end of the Japanese automaker’s fiscal year. Toyota reported operating profit fell 28% in the quarter, while net income plunged by 86%. Toyota executives warned that annual profits for this current fiscal year, which ends March 31, 2021, … Continued
Given the current turbulence in the automotive marketplace, the Cox Automotive Economic & Industry Insights team is publishing its mid-month view of the wholesale market, including wholesale prices. The posted material provides commentary and an updated look at the Manheim Used Vehicle Value Index for May and general information on segment performance for the first 15 … Continued
Auto Remarketing, May 18, 2020 – Dr. Rik Patel is the co-founder and chief operating officer of RideKleen, a mobile vehicle care and fleet services. But he’s also a physician and spent 11 years in sports medicine and orthopedic care. In this episode of the Auto Remarketing Podcast, hear his take on vehicle sanitization and decontamination, … Continued
