Year-over-year growth in fleet sales began a strong decline compared to the prior year as combined rental, commercial and government purchases of new vehicles were down 70.1% in April. Total fleet volume in April was 72,084, down significantly from 240,914…
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…
General Motors posts first-quarter 2020 financial results on Wednesday, May 6. The automaker already has signaled a tough quarter, as it suspended its dividend and stock buybacks. Here are some data points from Cox Automotive on GM’s first-quarter market performance…
Auto Remarketing, May 4, 2020 – NextGear Capital Scott Maybee joined the Auto Remarketing Podcast with host Joe Overby to discuss how the company is helping dealers during COVID-19, a resource hub and more. The company announced in late April…
UPDATED, May 4, 2020 – The sales numbers are in, and April’s results were bad but not as bad as expected. On a seasonally adjusted basis, April’s rate of 8.6 million was the worst back to January 1976. However, based on pure…
As Fiat Chrysler prepares to re-open its plant in North America, it will report its first-quarter 2020 financial results on Tuesday, May 5. Here are some data points from Cox Automotive on FCA’s first-quarter performance in the U.S. market where…
The peak in daily new COVID-19 cases was over a week ago, so case growth is on a declining but inconsistent trend. Meantime, the economic fallout is evident in negative growth and record unemployment. Progress in slowing the virus is…
Auto Remarketing, April 30, 2020 – With dealership lots full of cars, reduced demand and fewer consumers in the market, there are steps that dealers across the U.S. can take now to position themselves for the best chance of recovery in the…
CBT News, April 29, 2020 – As part of the CBT Network’s ongoing coverage of the coronavirus Jim Fitzpatrick welcomes back Brian Finkelmeyer, senior director of new car solutions for vAuto. In this segment, Jim and Brian discuss Brian’s recently published…
The Fed made no surprises today when they left rate policy — already at the zero lower bound — unchanged. The Fed’s statement and press conference affirmed the gravity of the economic situation created by the COVID-19 pandemic and in…
