Auto Remarketing, April 6, 2020 – Amid the COVID-19 pandemic, the vehicle showroom has become a virtual one. And car dealers, like many other businesses, are having to shift their business to a mostly digital one. With that in mind,…
Consumer confidence continues to decline and will not likely bottom until COVID-19 cases and deaths start to diminish. COVID-19 cases keep growing in the U.S., but the pace of increase has started to slow even while the rate of testing…
Kelley Blue Book’s Senior Managing Editor Matt DeLorenzo writes This Week in Car Buying, a weekly column on KBB.com. In this week’s news, Matt reports that shelter-in-place rules and cutbacks in dealer operations hit the industry hard at the end of…
This week the auto industry closed the books on Q1 2020, with sales falling quickly, ravaged by buyers more focused on social distancing than Super Duties. What vehicles were sold in March were mostly SUVs and pickups – the new…
A few automakers have reported U.S. sales for Q1 and more numbers are expected tomorrow and into the early part of next week. As expected, the numbers are historically low. As Cox Automotive data shows, sales activity in markets hard…
Watch this video with Chief Economist Jonathan Smoke from his home studio in Atlanta, GA, as he explains the impact of COVID-19 on the automotive industry. Jonathan examines: Hardest hit COVID-19 areas in the U.S. State-level jobless claims Consumer sentiment…
Cox Automotive Chief Executive Officer Sandy Schwartz joins Automotive News Publisher Jason Stein for a daily podcast about the coronavirus crisis. Stein and Schwartz discuss how the virus is impacting and reshaping the automotive industry. Schwartz provides details on how Cox Automotive…
The auto industry is anxiously awaiting reports of March vehicle sales, which automakers will start reporting on Wednesday, April 1. Undoubtedly, vehicle sales, which started the month strong, have plummeted as COVID-19 spread across the country, prompting an increasing number…
March madness typically springs buyers back into the market as many consumers benefit from the extra cash of a tax return. This March, however, saw most shoppers sent home amid COVID-19 concerns to guard against infection, severely impacting our economy…
Watch this video with Chief Economist Jonathan Smoke from his home studio in Atlanta, GA, as he explains the impact of COVID-19 on the automotive industry. Jonathan examines: Economic forecast and impact in the second quarter Consumer sentiment and buying…
