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…
There’s an interesting game of roulette being played in the new-car business right now, with about half of the dealers betting on red and the other half betting on black. The wagered bet is how dealers should be handling new-vehicle…
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…
CBT News, April 28, 2020 – As part of the CBT Network’s ongoing coverage of the coronavirus Sandy Schwartz, president and CEO of Cox Automotive, joins Jim Fitzpatrick for a wide-ranging conversation. Sandy spoke about what Cox Automotive is doing in response…
Welcome to the second episode of 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 Sales Experience…
Ford Motor Co. reports its first-quarter 2020 earnings Tuesday, April 28, after the stock market closes. The automaker’s financial performance will be no surprise. Ford signaled weeks ago that it likely would lose $2 billion in the quarter due to…
ATLANTA, April 27, 2020 – Historic lows are expected in April as the full effects of COVID-19 are felt across the U.S. auto market for the entire month. According to a forecast released by Cox Automotive, new light-vehicle sales volume is…
CBT News, April 27, 2020 – As part of the CBT Network’s ongoing coverage of the coronavirus, three of Cox Automotive’s top industry economists and analysts including Jonathan Smoke, Charlie Chesbrough and Zo Rahim joined Jim Fitzpatrick for a wide-ranging discussion on the…
COVID-19 cases keep growing in the U.S., but the pace of increase is slowing since the peak in new cases occurred two weeks ago. The declines are inconsistent with individual markets having their own pandemic curves. Testing is ramping up…
As COVID-19 restrictions continue, automotive retailing is experiencing guarded consumer activity that has manifested itself in avoiding dealerships – whether shopping, taking test drives or processing paperwork on site. During the last six weeks, automakers and their dealer networks have…
